Spain - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRapeseed Oil Price in Spain Declines Notably to $2,228 per Ton After Peaking in Q2
Spain Rapeseed Oil Import Price in August 2022
In August 2022, the rapeseed oil price amounted to $2,228 per ton (CIF, Spain), shrinking by -3.9% against the previous month. Over the period under review, import price indicated a remarkable increase from January 2022 to August 2022: its price increased at an average monthly rate of +8.9% over the last seven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, rapeseed oil import price decreased by -3.9% against July 2022 indices. The growth pace was the most rapid in June 2022 an increase of 25% m-o-m. The import price peaked at $2,318 per ton in July 2022, and then shrank slightly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2022, the country with the highest price was France ($3,247 per ton), while the price for Belgium ($639 per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by France (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Spain Rapeseed Oil Import Prices by Type
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, crude ($2,462 per ton), while the price for vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified ($1,364 per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified (+8.9%), while the prices for the other products experienced more modest paces of growth.
Spain Rapeseed Oil Imports
In September 2022, rapeseed oil imports into Spain surged to 17K tons, picking up by 36% compared with August 2022. Over the period under review, imports recorded a prominent expansion. The pace of growth appeared the most rapid in August 2022 with an increase of 236% month-to-month. Imports peaked in September 2022.
In value terms, rapeseed oil imports surged to $37M (IndexBox estimates) in September 2022. Overall, imports saw buoyant growth. The pace of growth appeared the most rapid in March 2022 when imports increased by 298% month-to-month. Over the period under review, imports reached the maximum at 39K tons in June 2022; however, from July 2022 to September 2022, imports stood at a somewhat lower figure.
Spain Rapeseed Oil Imports by Type
In August 2022, vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude (9.2K tons) constituted the largest type of rapeseed oil supplied to Spain, with a 71% share of total imports. Moreover, vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude exceeded the figures recorded for the second-largest type, vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified (2.7K tons), threefold. Vegetable oils; low erucic acid rape or colza oil and its fractions, crude (691 tons) ranked third in terms of total imports with a 5.4% share.
From January 2022 to August 2022, the average monthly growth rate of the volume of import of vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude totaled +14.7%. With regard to the other supplied products, the following average monthly rates of growth were recorded: vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified (-8.4% per month) and vegetable oils; low erucic acid rape or colza oil and its fractions, crude (-7.0% per month).
In value terms, vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude ($23M) constituted the largest type of rapeseed oil supplied to Spain, comprising 79% of total imports. The second position in the ranking was held by vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified ($3.7M), with a 13% share of total imports. It was followed by vegetable oils; low erucic acid rape or colza oil and its fractions, crude, with a 5.8% share.
Spain Rapeseed Oil Imports by Country
Germany (6.5K tons), France (4.1K tons) and Belgium (1.6K tons) were the main suppliers of rapeseed oil imports to Spain, together comprising 95% of total imports.
From January 2022 to August 2022, the biggest increases were in Germany (with a CAGR of +48.8%), while purchases for the other leaders experienced mixed trend patterns.
In value terms, France ($13M), Germany ($12M) and the Netherlands ($1.1M) constituted the largest rapeseed oil suppliers to Spain, with a combined 94% share of total imports.
Germany, with a CAGR of +55.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the rapeseed oil market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 271 - Oil of Rapeseed or Canola oil
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- 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
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
