Report Update: Apr 1, 2024

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

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Crude Rapeseed Oil Price in Serbia - 2023

Crude Rapeseed Oil Price in Serbia (FOB) - 2022

The average crude rapeseed oil export price stood at $1,569 per ton in 2022, picking up by 16% against the previous year. In general, the export price continues to indicate a noticeable expansion. The growth pace was the most rapid in 2021 when the average export price increased by 56% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($1,801 per ton), while the average price for exports to Slovenia ($1,099 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 Bulgaria (+36.1%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Rapeseed Oil Price in Serbia (CIF) - 2022

The average crude rapeseed oil import price stood at $2,736 per ton in 2022, picking up by 8.4% against the previous year. Overall, the import price recorded a pronounced expansion. The most prominent rate of growth was recorded in 2020 an increase of 493% against the previous year. The import price peaked at $18,085 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($13,492 per ton), while the price for Austria ($1,540 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (-8.8%).

Crude Rapeseed Oil Exports in Serbia

In 2022, after three years of growth, there was significant decline in overseas shipments of crude rape, colza or mustard oil, when their volume decreased by -51.8% to 9.1K tons. In general, exports, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2021 with an increase of 112%. As a result, the exports attained the peak of 19K tons, and then declined notably in the following year.

In value terms, crude rapeseed oil exports dropped sharply to $14M in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 229% against the previous year. As a result, the exports reached the peak of $25M, and then dropped markedly in the following year.

Export of Crude Rapeseed Oil in Serbia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Austria	4.7	3.5	9.4	11.0	32.8%
Greece	0.4	N/A	0.1	0.8	26.0%
Bosnia and Herzegovina	N/A	N/A	1.4	0.7	-50.0%
Czech Republic	0.1	N/A	1.1	0.6	81.7%
Slovakia	N/A	N/A	0.5	0.4	-20.0%
Croatia	N/A	N/A	1.1	0.3	-72.7%
Cyprus	N/A	N/A	N/A	0.2	0%
Poland	N/A	0.8	8.3	0.1	-64.6%
Bulgaria	N/A	1.7	N/A	N/A	0%
Slovenia	0.2	1.1	0.9	N/A	112.1%
North Macedonia	0.7	0.5	N/A	N/A	-28.6%
Italy	0.5	0.1	0.1	N/A	-55.3%
Others	N/A	N/A	2.5	N/A	0%
Total	6.6	7.7	25.4	14.2	29.1%

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

Austria (7016.1 tons)
Greece (542.0 tons)
Bosnia and Herzegovina (390.0 tons)
Czech Republic (353.6 tons)
Slovakia (340.0 tons)
Croatia (157.0 tons)
Cyprus (139.3 tons)
Poland (96.4 tons)
Bulgaria (24.5 tons)
Slovenia (23.7 tons)

Crude Rapeseed Oil Imports in Serbia

After two years of decline, overseas purchases of crude rape, colza or mustard oil increased by 12,316% to 15 tons in 2022. Over the period under review, imports, however, showed a dramatic curtailment.

In value terms, crude rapeseed oil imports skyrocketed to $42K in 2022. In general, imports, however, saw a relatively flat trend pattern.

Import of Crude Rapeseed Oil in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Greece	N/A	N/A	N/A	31.4	0%
Belgium	N/A	N/A	N/A	6.7	0%
Austria	0.1	N/A	N/A	3.4	224.0%
Slovakia	40.8	N/A	N/A	N/A	0%
Others	1.9	1.1	0.3	0.6	-31.9%
Total	42.9	1.1	0.3	42.1	-0.6%

Top Suppliers of Crude Rapeseed Oil to Serbia in 2022:

Greece (12.6 tons)
Austria (2.2 tons)
Belgium (0.5 tons)

Source: IndexBox Market Intelligence Platform

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

Serbia

Data coverage:

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