Report Update: Apr 1, 2024

Russian Federation - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights

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Rapeseed Oil Price in Russia - 2022

Rapeseed Oil Price in Russia (FOB) - 2022

The average rapeseed oil export price stood at $1,503 per ton in January 2022, rising by 2.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.8%. The pace of growth was the most pronounced in February 2021 when the average export price increased by 8.6% against the previous month. Over the period under review, the average export prices reached the peak figure in January 2022.

Average prices varied noticeably for the major overseas markets. In January 2022, the highest price was recorded for prices to China ($1,558 per ton) and the Netherlands ($1,539 per ton), while the average price for exports to Latvia ($1,433 per ton) and Lithuania ($1,469 per ton) were amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Rapeseed Oil Price in Russia (CIF) - 2022

The average rapeseed oil import price stood at $1,578 per ton in January 2022, surging by 13% against the previous month. Over the period under review, import price indicated noticeable growth from January 2021 to January 2022: its price increased at an average monthly rate of +4.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, rapeseed oil import price increased by +49.0% against May 2021 indices. The pace of growth was the most pronounced in March 2021 when the average import price increased by 13% against the previous month. Over the period under review, average import prices attained the maximum in January 2022.

As there is only one major supplying country, the average price level is determined by prices for Belarus.

From January 2021 to January 2022, the rate of growth in terms of prices for Belarus amounted to +4.6% per month.

Rapeseed Oil Exports in Russia

After three years of growth, overseas shipments of rapeseed oil decreased by -7.3% to 745K tons in 2022. The total export volume increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by 17% against the previous year. As a result, the exports reached the peak of 804K tons, and then contracted in the following year.

In value terms, rapeseed oil exports shrank rapidly to $787M in 2022. Overall, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 69%. As a result, the exports attained the peak of $988M, and then dropped sharply in the following year.

Export of Rapeseed Oil in Russia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	171	251	394	255	14.2%
Norway	160	175	372	230	12.9%
Latvia	42.5	55.9	82.4	130	45.2%
Lithuania	51.7	41.3	64.5	108	27.8%
Netherlands	59.1	29.7	14.8	42.2	-10.6%
Others	27.4	32.8	59.7	21.4	-7.9%
Total	512	586	988	787	15.4%

Top Export Markets for Rapeseed Oil from Russia in 2022:

China (231.7K tons)
Norway (219.8K tons)
Latvia (129.7K tons)
Lithuania (104.3K tons)
Netherlands (39.2K tons)

Rapeseed Oil Imports in Russia

After three years of growth, supplies from abroad of rapeseed oil decreased by -8.5% to 136K tons in 2022. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 11,452%.

In value terms, rapeseed oil imports contracted dramatically to $139M in 2022. In general, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 7,288% against the previous year.

Import of Rapeseed Oil in Russia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belarus	1.0	103	173	138	416.8%
Others	0.4	0.8	1.0	1.1	40.1%
Total	1.4	104	174	139	363.1%

Top Suppliers of Rapeseed Oil to Russia in 2022:

Belarus (135.7K tons)

Source: IndexBox Market Intelligence Platform

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

Russia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Russian Federation
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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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
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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