Report Update: Apr 1, 2024

Malaysia - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights

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Rapeseed Oil Price in Malaysia - 2021

Rapeseed Oil Price in Malaysia (FOB) - 2021

The average rapeseed oil export price stood at $1,817 per ton in December 2021, therefore, remained relatively stable against the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +3.2%. The pace of growth was the most pronounced in January 2021 an increase of 12% month-to-month. Over the period under review, the average export prices reached the peak figure in December 2021.

Average prices varied noticeably for the major overseas markets. In December 2021, the highest price was recorded for prices to New Zealand ($1,873 per ton) and the Philippines ($1,806 per ton), while the average price for exports to Taiwan (Chinese) ($1,644 per ton) and Vietnam ($1,682 per ton) were amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Rapeseed Oil Price in Malaysia (CIF) - 2021

The average rapeseed oil import price stood at $1,656 per ton in December 2021, increasing by 21% against the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +4.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($3,622 per ton), while the price for Bangladesh ($855 per ton) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Belgium (+80.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Rapeseed Oil Exports in Malaysia

Rapeseed oil exports from Malaysia amounted to 83K tons in 2022, remaining relatively unchanged against the previous year. The total export volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. As a result, the exports attained the peak of 85K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, rapeseed oil exports dropped to $112M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. As a result, the exports attained the peak of $130M, and then declined in the following year.

Export of Rapeseed Oil in Malaysia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
New Zealand	27.0	26.2	50.2	43.0	16.8%
Philippines	16.4	19.4	22.1	19.3	5.6%
Australia	13.7	12.1	19.1	16.4	6.2%
Singapore	6.7	19.9	18.1	15.0	30.8%
Fiji	3.8	5.2	6.9	5.8	15.1%
Indonesia	3.0	3.2	5.5	4.8	17.0%
Vietnam	1.6	2.1	1.5	1.5	-2.1%
Others	6.8	5.9	6.4	6.0	-4.1%
Total	79.0	94.0	130	112	12.3%

Top Export Markets for Rapeseed Oil from Malaysia in 2022:

New Zealand (31.7K tons)
Philippines (15.1K tons)
Australia (12.7K tons)
Singapore (9.8K tons)
Fiji (4.3K tons)
Indonesia (2.9K tons)
Vietnam (1.6K tons)

Rapeseed Oil Imports in Malaysia

In 2022, imports of rapeseed oil into Malaysia was estimated at 81K tons, approximately mirroring the previous year. The total import volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 23%. As a result, imports reached the peak of 82K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, rapeseed oil imports fell sharply to $88M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 46%. As a result, imports reached the peak of $105M, and then shrank notably in the following year.

Import of Rapeseed Oil in Malaysia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Canada	22.5	32.3	31.6	31.6	12.0%
United Arab Emirates	15.8	13.7	30.8	22.6	12.7%
Australia	5.5	10.4	28.0	16.0	42.8%
Japan	0.9	1.7	2.3	7.3	100.9%
Bangladesh	0.6	2.4	0.6	4.0	88.2%
Belgium	0.5	1.7	1.7	1.7	50.4%
Ukraine	4.0	1.9	0.5	1.1	-35.0%
Croatia	N/A	5.4	3.5	N/A	-35.2%
Others	5.5	2.4	5.8	4.0	-10.1%
Total	55.3	71.7	105	88.3	16.9%

Top Suppliers of Rapeseed Oil to Malaysia in 2022:

Canada (38.8K tons)
United Arab Emirates (18.3K tons)
Australia (8.9K tons)
Bangladesh (4.6K tons)
Japan (4.5K tons)
Ukraine (1.3K tons)
Belgium (1.2K tons)

Source: IndexBox Market Intelligence Platform

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

Malaysia

Data coverage:

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