Australia - Refined Rape, Colza Or Mustard Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Rapeseed Oil Price in Australia - 2023
Contents:
- Refined Rapeseed Oil Price in Australia (FOB) - 2022
- Refined Rapeseed Oil Price in Australia (CIF) - 2023
- Refined Rapeseed Oil Exports in Australia
- Refined Rapeseed Oil Imports in Australia
Refined Rapeseed Oil Price in Australia (FOB) - 2022
The average refined rapeseed oil export price stood at $1,724 per ton in 2022, surging by 23% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined rapeseed oil export price increased by +49.7% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($2,388 per ton), while the average price for exports to Japan ($1,483 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 Taiwan (Chinese) (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Rapeseed Oil Price in Australia (CIF) - 2023
In July 2023, the average refined rapeseed oil import price amounted to $1,336 per ton, shrinking by -29.7% against the previous month. Over the period under review, the import price showed a noticeable shrinkage. The growth pace was the most rapid in June 2023 an increase of 31% month-to-month. The import price peaked at $2,328 per ton in August 2022; however, from September 2022 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was India ($2,218 per ton), while the price for Malaysia totaled $1,251 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by India (-3.0%).
Refined Rapeseed Oil Exports in Australia
In 2022, approx. 109K tons of refined rape, colza or mustard oil were exported from Australia; with an increase of 11% compared with 2021 figures. Overall, exports posted prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by 114% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, refined rapeseed oil exports soared to $188M in 2022. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 197%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
Export of Refined Rapeseed Oil in Australia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 1.2 | 1.0 | 2.5 | 32.2 | 199.4% |
United States | N/A | N/A | 0.1 | 28.8 | 28700.0% |
Taiwan (Chinese) | 0.2 | N/A | N/A | 6.3 | 215.8% |
Indonesia | 4.2 | 1.3 | N/A | 4.2 | 0.0% |
China | 0.1 | 0.1 | 0.1 | 2.8 | 203.7% |
Singapore | 0.1 | 0.1 | 0.1 | 2.3 | 184.4% |
Malaysia | N/A | N/A | N/A | 2.3 | 0% |
Vanuatu | N/A | N/A | N/A | 1.9 | 0% |
Japan | 1.3 | 1.1 | 1.2 | 1.5 | 4.9% |
Others | 68.6 | 43.1 | 135 | 106 | 15.6% |
Total | 75.6 | 46.7 | 139 | 188 | 35.5% |
Top Export Markets for Refined Rapeseed Oil from Australia in 2022:
- New Zealand (18.7K tons)
- United States (15.0K tons)
- Taiwan (Chinese) (3.1K tons)
- Indonesia (1.9K tons)
- Malaysia (1.3K tons)
- China (1.2K tons)
- Singapore (1.0K tons)
- Japan (1.0K tons)
- Vanuatu (0.8K tons)
Refined Rapeseed Oil Imports in Australia
In 2022, supplies from abroad of refined rape, colza or mustard oil was finally on the rise to reach 12K tons after two years of decline. Over the period under review, imports, however, saw a deep setback.
In value terms, refined rapeseed oil imports skyrocketed to $25M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Refined Rapeseed Oil in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 14.1 | 12.1 | 14.8 | 21.6 | 15.3% |
India | 0.7 | 1.2 | 1.2 | 2.3 | 48.7% |
United States | 3.0 | 0.7 | 0.2 | 0.1 | -67.8% |
Others | 0.8 | 0.8 | 0.7 | 1.4 | 20.5% |
Total | 18.6 | 14.8 | 17.1 | 25.4 | 10.9% |
Top Suppliers of Refined Rapeseed Oil to Australia in 2022:
- United States (undefinedK tons)
- Malaysia (10.6K tons)
- India (0.7K tons)
This report provides an in-depth analysis of the refined rapeseed oil market in Australia. 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:
- Prodcom 10415600 - Refined rape, colza or mustard oil and their fractions (excluding chemically modified)
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the refined rapeseed oil market in Australia.
This report provides an in-depth analysis of the rapeseed oil market in Australia.
This report provides an in-depth analysis of the crude rapeseed oil market in Australia.
This report provides an in-depth analysis of the global refined rapeseed oil market.
This report provides an in-depth analysis of the global rapeseed oil market.
This report provides an in-depth analysis of the global crude rapeseed oil market.
This report provides an in-depth analysis of the refined rapeseed oil market in Australia.
This report provides an in-depth analysis of the rapeseed oil market in Australia.
This report provides an in-depth analysis of the crude rapeseed oil market in Australia.
This report provides an in-depth analysis of the global refined rapeseed oil market.
In August 2023, the exports of Rapeseed Oil reached their highest point. In terms of value, Rapeseed Oil exports surged to $27M.
Discover the top import markets for refined rapeseed oil and their key statistics. Learn about the countries with the highest import values, such as the United States, Netherlands, and Belgium.
Discover the top import markets for rapeseed oil based on key statistics and data from the IndexBox market intelligence platform.
Global rapeseed oil consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
Global rapeseed oil exports amounted to X thousand tons in 2015, remaining constant against the previous year level.
Global rapeseed oil imports amounted to X thousand tons in 2015, leveling off at the previous year level.
In 2015, the countries with the highest levels of production were China (X thousand tons), Germany (X thousand tons), Canada (X thousand tons), together accounting for X% of total output.
In August 2023, the exports of Rapeseed Oil reached their highest point. In terms of value, Rapeseed Oil exports surged to $27M.
Discover the top import markets for refined rapeseed oil and their key statistics. Learn about the countries with the highest import values, such as the United States, Netherlands, and Belgium.
Discover the top import markets for rapeseed oil based on key statistics and data from the IndexBox market intelligence platform.