China - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChina's Rapeseed Oil Market Set to Reach 7.5 Million Tons and $10.7 Billion by 2035
IndexBox has just published a new report: China - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights.
This article provides a comprehensive analysis of China's rapeseed oil market in 2024 and a forecast to 2035. In 2024, domestic consumption declined to 5.5 million tons, valued at $6.6 billion, while production remained stable at 3.6 million tons. Imports, crucial to meeting demand, fell by 20.3% to 1.9 million tons, with Russia supplying 58% of the total. Exports saw a significant 218% increase but remain small at 21,000 tons. The market is forecast to grow over the next decade, with volume projected to reach 7.5 million tons and value $10.7 billion by 2035, driven by rising domestic demand.
Key Findings
- China's rapeseed oil market is forecast to grow to 7.5M tons ($10.7B) by 2035, driven by rising domestic demand
- 2024 consumption dropped to 5.5M tons, with a significant supply gap filled by imports of 1.9M tons
- Russia dominates China's imports, supplying 58% of total rapeseed oil imports in 2024
- Domestic production has stagnated at 3.6M tons, showing a pronounced downturn from its 2014 peak
- China's exports surged by 218% in 2024 but remain negligible, with Hong Kong SAR as the primary destination
Market Forecast
Driven by rising demand for rapeseed oil in China, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +3.0% for the period from 2024 to 2035, which is projected to bring the market volume to 7.5M tons by the end of 2035.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.5% for the period from 2024 to 2035, which is projected to bring the market value to $10.7B (in nominal wholesale prices) by the end of 2035.
Consumption
China's Consumption of Rapeseed Oil
Rapeseed oil consumption in China dropped to 5.5M tons in 2024, waning by -7.9% against the previous year. Overall, consumption continues to indicate a slight slump. Rapeseed oil consumption peaked at 6.6M tons in 2013; however, from 2014 to 2024, consumption stood at a somewhat lower figure.
The value of the rapeseed oil market in China reduced remarkably to $6.6B in 2024, which is down by -18.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a slight curtailment. Over the period under review, the market reached the peak level at $8.1B in 2023, and then shrank notably in the following year.
Production
China's Production of Rapeseed Oil
In 2024, rapeseed oil production in China amounted to 3.6M tons, approximately mirroring the previous year's figure. Overall, production, however, continues to indicate a pronounced downturn. The growth pace was the most rapid in 2014 when the production volume increased by 13% against the previous year. As a result, production reached the peak volume of 5.7M tons. From 2015 to 2024, production growth remained at a somewhat lower figure.
In value terms, rapeseed oil production fell to $4.1B in 2024 estimated in export price. In general, production, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the production volume increased by 72%. Rapeseed oil production peaked at $9.1B in 2022; however, from 2023 to 2024, production remained at a lower figure.
Imports
China's Imports of Rapeseed Oil
In 2024, imports of rapeseed oil into China shrank markedly to 1.9M tons, with a decrease of -20.3% on the year before. In general, imports, however, recorded a mild expansion. The pace of growth was the most pronounced in 2023 when imports increased by 122%. As a result, imports reached the peak of 2.4M tons, and then fell markedly in the following year.
In value terms, rapeseed oil imports dropped markedly to $1.9B in 2024. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 72%. Imports peaked at $2.7B in 2023, and then declined notably in the following year.
Imports By Country
In 2024, Russia (1.1M tons) constituted the largest rapeseed oil supplier to China, with a 58% share of total imports. Moreover, rapeseed oil imports from Russia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (323K tons), threefold. The third position in this ranking was taken by Belarus (238K tons), with a 13% share.
From 2013 to 2024, the average annual growth rate of volume from Russia totaled +89.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+4.2% per year) and Belarus (+91.2% per year).
In value terms, Russia ($1.1B) constituted the largest supplier of rapeseed oil to China, comprising 58% of total imports. The second position in the ranking was taken by the United Arab Emirates ($318M), with a 17% share of total imports. It was followed by Belarus, with a 13% share.
From 2013 to 2024, the average annual rate of growth in terms of value from Russia stood at +87.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+2.3% per year) and Belarus (+95.9% per year).
Imports By Type
In 2024, vegetable oils; low erucic acid rape or colza oil and its fractions, crude (1.9M tons) was the main type of rapeseed oil supplied to China, accounting for a 99% share of total imports. It was followed by vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified (8.2K tons), with a 0.4% share of total imports. Vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude (4.1K tons) ranked third in terms of total imports with a 0.2% share.
From 2013 to 2024, the average annual rate of growth in terms of the volume of vegetable oils; low erucic acid rape or colza oil and its fractions, crude imports stood at +2.1%. With regard to the other supplied products, the following average annual rates of growth were recorded: vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified (-13.5% per year) and vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude (+35.7% per year).
In value terms, vegetable oils; low erucic acid rape or colza oil and its fractions, crude ($1.9B) constituted the largest type of rapeseed oil supplied to China, comprising 99% of total imports. The second position in the ranking was taken by vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified ($13M), with a 0.7% share of total imports. It was followed by vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude, with a 0.2% share.
From 2013 to 2024, the average annual growth rate of the value of vegetable oils; low erucic acid rape or colza oil and its fractions, crude imports was relatively modest. With regard to the other supplied products, the following average annual rates of growth were recorded: vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified (-12.2% per year) and vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude (+30.3% per year).
Import Prices By Type
In 2024, the average rapeseed oil import price amounted to $998 per ton, declining by -12% against the previous year. In general, the import price recorded a perceptible reduction. The pace of growth was the most pronounced in 2022 when the average import price increased by 40%. As a result, import price reached the peak level of $1,559 per ton. From 2023 to 2024, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplied products. In 2024, the product with the highest price was vegetable oils; excluding low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified ($2,633 per ton), while the price for vegetable oils; low erucic acid rape or colza oil and its fractions, crude ($996 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by vegetable oils; excluding low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified (+2.4%), while the prices for the other products experienced mixed trend patterns.
Import Prices By Country
The average rapeseed oil import price stood at $998 per ton in 2024, shrinking by -12% against the previous year. Overall, the import price recorded a perceptible setback. The growth pace was the most rapid in 2022 an increase of 40% against the previous year. As a result, import price attained the peak level of $1,559 per ton. From 2023 to 2024, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($2,309 per ton), while the price for Kazakhstan ($955 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Canada (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports
China's Exports of Rapeseed Oil
In 2024, shipments abroad of rapeseed oil increased by 218% to 21K tons, rising for the third year in a row after four years of decline. Overall, exports showed a prominent increase. The growth pace was the most rapid in 2017 when exports increased by 302%. The exports peaked in 2024 and are likely to see gradual growth in the near future.
In value terms, rapeseed oil exports skyrocketed to $25M in 2024. Over the period under review, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2017 with an increase of 252%. The exports peaked in 2024 and are likely to see gradual growth in the near future.
Exports By Country
Hong Kong SAR (20K tons) was the main destination for rapeseed oil exports from China, accounting for a 93% share of total exports. Moreover, rapeseed oil exports to Hong Kong SAR exceeded the volume sent to the second major destination, Macao SAR (740 tons), more than tenfold. The third position in this ranking was taken by Malaysia (8.3 tons), with less than 0.1% share.
From 2013 to 2024, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+0.6% per year) and Malaysia (-56.2% per year).
In value terms, Hong Kong SAR ($22M) remains the key foreign market for rapeseed oil exports from China, comprising 89% of total exports. The second position in the ranking was held by Macao SAR ($969K), with a 3.9% share of total exports. It was followed by Malaysia, with a 0.1% share.
From 2013 to 2024, the average annual rate of growth in terms of value to Hong Kong SAR amounted to +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (-1.5% per year) and Malaysia (-49.9% per year).
Exports By Type
Vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified (21K tons) was the largest type of rapeseed oil exported from China, accounting for a 99% share of total exports. It was followed by vegetable oils; excluding low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified (146 tons), with a 0.7% share of total exports. Vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude (100 tons) ranked third in terms of total exports with a 0.5% share.
From 2013 to 2024, the average annual rate of growth in terms of the volume of vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified exports amounted to +11.8%. With regard to the other exported products, the following average annual rates of growth were recorded: vegetable oils; excluding low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified (+16.0% per year) and vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude (+105.1% per year).
In value terms, vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified ($24M) remains the largest type of rapeseed oil exported from China, comprising 97% of total exports. The second position in the ranking was held by vegetable oils; excluding low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified ($481K), with a 2% share of total exports. It was followed by vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude, with a 0.9% share.
From 2013 to 2024, the average annual growth rate of the value of vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified exports totaled +7.8%. With regard to the other exported products, the following average annual rates of growth were recorded: vegetable oils; excluding low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified (+20.9% per year) and vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude (+91.0% per year).
Export Prices By Type
The average rapeseed oil export price stood at $1,148 per ton in 2024, with a decrease of -14.8% against the previous year. Over the period under review, the export price saw a perceptible decrease. The pace of growth appeared the most rapid in 2021 when the average export price increased by 53% against the previous year. Over the period under review, the average export prices hit record highs at $2,514 per ton in 2022; however, from 2023 to 2024, the export prices failed to regain momentum.
Prices varied noticeably by the product type; the product with the highest price was vegetable oils; excluding low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified ($3,290 per ton), while the average price for exports of vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified ($1,128 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for the following types: vegetable oils; excluding low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified (+4.2%), while the prices for the other products experienced mixed trend patterns.
Export Prices By Country
The average rapeseed oil export price stood at $1,148 per ton in 2024, which is down by -14.8% against the previous year. In general, the export price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 53% against the previous year. The export price peaked at $2,514 per ton in 2022; however, from 2023 to 2024, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($2,130 per ton), while the average price for exports to Hong Kong SAR ($1,101 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+14.3%), while the prices for the other major destinations experienced mixed trend patterns.
This report provides a comprehensive view of the rapeseed oil industry in China, tracking demand, supply, and trade flows across the national value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply.
Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between domestic suppliers and international partners. The analysis is designed to support strategic planning, market entry, portfolio prioritization, and risk management in the rapeseed oil landscape in China.
Quick navigation
- Key findings
- Report scope
- Product coverage
- Country coverage
- Methodology
- Forecasts to 2035
- Price analysis
- Market participants
- Country profiles
- How to use this report
- FAQ
Key findings
- Domestic demand is shaped by both household and industrial usage, with trade flows linking local supply to imports and exports.
- Pricing dynamics reflect unit values, freight costs, exchange rates, and regulatory shifts that affect sourcing decisions.
- Supply depends on input availability and production efficiency, creating a distinct national cost curve.
- Market concentration varies by segment, creating different competitive landscapes and entry barriers.
- The 2035 outlook highlights where capacity investment and demand growth are most aligned within the country.
Report scope
The report combines market sizing with trade intelligence and price analytics for China. It covers both historical performance and the forward outlook to 2035, allowing you to compare cycles, structural shifts, and policy impacts.
- Market size and growth in value and volume terms
- Consumption structure by end-use segments
- Production capacity, output, and cost dynamics
- Trade flows, exporters, importers, and balances
- Price benchmarks, unit values, and margin signals
- Competitive context and market entry conditions
Product coverage
- FCL 271 - Oil of Rapeseed or Canola oil
Country coverage
- China
Country profile and benchmarks
This report provides a consistent view of market size, trade balance, prices, and per-capita indicators for China. The profile highlights demand structure and trade position, enabling benchmarking against regional and global peers.
Methodology
The analysis is built on a multi-source framework that combines official statistics, trade records, company disclosures, and expert validation. Data are standardized, reconciled, and cross-checked to ensure consistency across time series.
- International trade data (exports, imports, and mirror statistics)
- National production and consumption statistics
- Company-level information from financial filings and public releases
- Price series and unit value benchmarks
- Analyst review, outlier checks, and time-series validation
All data are normalized to a common product definition and mapped to a consistent set of codes. This ensures that comparisons across time are aligned and actionable.
Forecasts to 2035
The forecast horizon extends to 2035 and is based on a structured model that links rapeseed oil demand and supply to macroeconomic indicators, trade patterns, and sector-specific drivers. The model captures both cyclical and structural factors and reflects known policy and technology shifts in China.
- Historical baseline: 2012-2025
- Forecast horizon: 2026-2035
- Scenario-based sensitivity to income growth, substitution, and regulation
- Capacity and investment outlook for major producing companies
Each projection is built from national historical patterns and the broader regional context, allowing the report to show where growth is concentrated and where risks are elevated.
Price analysis and trade dynamics
Prices are analyzed in detail, including export and import unit values, regional spreads, and changes in trade costs. The report highlights how seasonality, freight rates, exchange rates, and supply disruptions influence pricing and margins.
- Price benchmarks by country and sub-region
- Export and import unit value trends
- Seasonality and calendar effects in trade flows
- Price outlook to 2035 under baseline assumptions
Profiles of market participants
Key producers, exporters, and distributors are profiled with a focus on their operational scale, geographic footprint, product mix, and market positioning. This helps identify competitive pressure points, partnership opportunities, and routes to differentiation.
- Business focus and production capabilities
- Geographic reach and distribution networks
- Cost structure and pricing strategy indicators
- Compliance, certification, and sustainability context
How to use this report
- Quantify domestic demand and identify the most attractive segments
- Evaluate export opportunities and prioritize target destinations
- Track price dynamics and protect margins
- Benchmark performance against leading competitors
- Build evidence-based forecasts for investment decisions
This report is designed for manufacturers, distributors, importers, wholesalers, investors, and advisors who need a clear, data-driven picture of rapeseed oil dynamics in China.
FAQ
What is included in the rapeseed oil market in China?
The market size aggregates consumption and trade data, presented in both value and volume terms.
How are the forecasts to 2035 built?
The projections combine historical trends with macroeconomic indicators, trade dynamics, and sector-specific drivers.
Does the report cover prices and margins?
Yes, it includes export and import unit values, regional spreads, and a pricing outlook to 2035.
Which benchmarks are included?
The report benchmarks market size, trade balance, prices, and per-capita indicators for China.
Can this report support market entry decisions?
Yes, it highlights demand hotspots, trade routes, pricing trends, and competitive context.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2025)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2025)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2025)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2025)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2025
- Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
- Per Capita Consumption: Historical Data (2012–2025) and Forecast (2026–2035)
- Imports, In Physical Terms, By Country, 2012–2025
- Imports, In Value Terms, By Country, 2012–2025
- Import Prices, By Country, 2012–2025
- Exports, In Physical Terms, By Country, 2012–2025
- Exports, In Value Terms, By Country, 2012–2025
- Export Prices, By Country, 2012–2025
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Per Capita Consumption: Historical Data (2012–2025) and Forecast (2026–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Production, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Imports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Imports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Imports, In Physical Terms, By Country, 2025
- Imports, In Physical Terms, By Country, 2012–2025
- Imports, In Value Terms, By Country, 2012–2025
- Import Prices, By Country, 2012–2025
- Exports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Exports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Exports, In Physical Terms, By Country, 2025
- Exports, In Physical Terms, By Country, 2012–2025
- Exports, In Value Terms, By Country, 2012–2025
- Export Prices, By Country, 2012–2025
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