Report Update: May 1, 2024

Finland - Crude Rape, Colza Or Mustard Oil - Market Analysis, Forecast, Size, Trends And Insights

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Crude Rapeseed Oil Price in Finland - 2023

Crude Rapeseed Oil Price in Finland (CIF) - 2023

The average crude rapeseed oil import price stood at $1,239 per ton in June 2023, shrinking by -36.7% against the previous month. Over the period under review, the import price continues to indicate a pronounced decline. The growth pace was the most rapid in September 2022 when the average import price increased by 65% month-to-month. The import price peaked at $2,318 per ton in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was Estonia ($1,688 per ton), while the price for Denmark amounted to $1,209 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.2%), while the prices for the other major suppliers experienced a decline.

Crude Rapeseed Oil Price in Finland (FOB) - 2022

In 2022, the average crude rapeseed oil export price amounted to $1,818 per ton, growing by 24% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude rapeseed oil export price increased by +107.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 31% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,935 per ton), while the average price for exports to Norway ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Rapeseed Oil Imports in Finland

In 2022, imports of crude rape, colza or mustard oil into Finland skyrocketed to 24K tons, jumping by 512% compared with 2021. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, crude rapeseed oil imports skyrocketed to $25M in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Crude Rapeseed Oil in Finland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	N/A	0.8	N/A	11.2	274.2%
Belarus	N/A	N/A	N/A	5.9	0%
Estonia	2.2	6.6	4.9	5.6	36.5%
Netherlands	N/A	N/A	N/A	1.7	0%
Russia	1.3	N/A	N/A	N/A	0%
France	N/A	6.6	N/A	N/A	0%
Others	0.1	0.3	0.1	0.2	26.0%
Total	3.6	14.4	5.1	24.6	89.8%

Top Suppliers of Crude Rapeseed Oil to Finland in 2022:

Germany (19.2K tons)
Estonia (3.3K tons)
Netherlands (1.1K tons)
Belarus (0.4K tons)

Crude Rapeseed Oil Exports in Finland

In 2022, the amount of crude rape, colza or mustard oil exported from Finland skyrocketed to 754 tons, increasing by 40% compared with the previous year's figure. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +5.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.1% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, crude rapeseed oil exports surged to $1.4M in 2022. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 76% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Export of Crude Rapeseed Oil in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Estonia	N/A	N/A	259	1,214	368.7%
United States	23.0	N/A	97.7	93.5	59.6%
Russia	546	448	434	39.1	-58.5%
Others	N/A	N/A	0.3	24.8	8166.7%
Total	569	448	791	1,371	34.1%

Top Export Markets for Crude Rapeseed Oil from Finland in 2022:

Estonia (683.9 tons)
United States (48.3 tons)
Russia (21.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the crude rapeseed oil market in Finland. 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:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023