Rapeseed Oil Market

Rapeseed oil market: enjoy new statistics enhanced by an Ai-driven market research tool. Data include production, companies, imports, consumption, market prices, exports, trade, and market size. There is a breakdown by country, including Russia, Africa, China, the Middle East, the U.S., Latin America, the U.K., and EU. Market trends and forecast to 2030 are also featured in the snapshots.


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Rapeseed Oil - World's Largest Markets

RatingCountry
1India
2China
3United States
4Japan
5Germany

In value terms, the largest rapeseed oil markets worldwide were India, China and the United States, with a combined 47% share of the global market. These countries were followed by Japan, Germany, Mexico, Canada, Poland, Belgium, the Netherlands, France, Norway and the UK, which together accounted for a further 35%.

The Netherlands saw the highest growth rate of market size, among the main consuming countries over the period under review, while rapeseed oil market for the other global leaders experienced more modest paces of growth.

Rapeseed Oil Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
USD per tonne
United Arab Emirates8158468331.1%
Australia95710049851.5%
United States931928116011.6%
Russia774854118823.9%
Netherlands911974119314.4%
Belgium955949123113.5%
Belarus753748124728.7%
Denmark888944127419.8%
Czech Republic867924127521.3%
Germany899953128819.7%
Canada812824133228.1%
France920940135321.3%
United Kingdom942948142423.0%
Average856891126621.6%

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the UK ($1,424 per tonne), while the United Arab Emirates ($833 per tonne) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Belarus, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201920202021CAGR,
2019-2021
USD per tonne
United States878893145128.6%
Germany10191065140417.4%
Poland888928138424.8%
Sweden919995135421.4%
Belgium852954134225.5%
Netherlands851907131424.3%
France10411173127210.5%
Austria887949126319.3%
Russia12268401152-3.1%
Spain876732108511.3%
Norway8669248981.8%
China8218458340.8%
South Korea7938258080.9%
Average873909121217.8%

Prices varied noticeably by the country of destination; the country with the highest price was the United States ($1,451 per tonne), while South Korea ($808 per tonne) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced more modest paces of growth.

Rapeseed Oil - Top Importers

COUNTRY201920202021CAGR,
2019-2021
billion USD
United States1.61.62.933.4%
China1.31.61.54.7%
Netherlands0.60.91.449.7%
Belgium0.20.40.882.1%
Norway0.40.50.55.6%

In value terms, the largest rapeseed oil importing markets worldwide were the United States ($2.9B), China ($1.5B) and the Netherlands ($1.4B), with a combined 52% share of global imports. Belgium, Norway, Germany, Poland, Sweden, Austria, France, Russia, Spain and South Korea lagged somewhat behind, together comprising a further 30%.

Among the main importing countries, Russia (+1,658.1% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Rapeseed Oil - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
billion USD
Canada2.62.84.227.6%
Germany0.811.644.0%
Russia0.50.6137.8%
France0.20.40.788.2%
Netherlands0.30.30.653.5%

In value terms, Canada ($4.2B) remains the largest rapeseed oil supplier worldwide, comprising 36% of global exports. The second position in the ranking was occupied by Germany ($1.6B), with a 14% share of global exports. It was followed by Russia, with a 8.2% share.

From 2019 to 2021, the average annual rate of growth in terms of value in Canada stood at +27.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+44.0% per year) and Russia (+37.8% per year).

Rapeseed Oil - Market Forecast

Driven by increasing demand for rapeseed oil worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Rapeseed Oil - Product Coverage

  • HS 151411 - Vegetable oils; low erucic acid rape or colza oil and its fractions, crude
  • HS 151419 - Vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified
  • HS 151491 - Vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude
  • HS 151499 - Vegetable oils; excluding low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified
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World - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global rapeseed oil market.

Africa - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rapeseed oil market in Africa.

South-Eastern Asia - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rapeseed oil market in South-Eastern Asia.

Northern America - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rapeseed oil market in Northern America.

Southern Asia - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rapeseed oil market in Southern Asia.

Latin America and the Caribbean - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rapeseed oil market in Latin America and the Caribbean.

Central Asia - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rapeseed oil market in Central Asia.

Middle East - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rapeseed oil market in the Middle East.

Australia and Oceania - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rapeseed oil market in Australia and Oceania.

Eastern Asia - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rapeseed oil market in Eastern Asia.

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