Report Update: May 1, 2024

Ireland - Refined Rape, Colza Or Mustard Oil - Market Analysis, Forecast, Size, Trends And Insights

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Refined Rapeseed Oil Price in Ireland - 2023

Refined Rapeseed Oil Price in Ireland (CIF) - 2023

The average refined rapeseed oil import price stood at $1,636 per ton in June 2023, remaining constant against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in October 2022 when the average import price increased by 9.8% against the previous month. The import price peaked at $1,926 per ton in December 2022; however, from January 2023 to June 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the UK ($2,414 per ton), while the price for the Netherlands ($1,498 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Belgium (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Refined Rapeseed Oil Price in Ireland (FOB) - 2023

The average refined rapeseed oil export price stood at $1,880 per ton in June 2023, approximately equating the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 9.2% m-o-m. As a result, the export price attained the peak level of $2,113 per ton. From January 2023 to June 2023, the the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the UK.

From June 2022 to June 2023, the rate of growth in terms of prices for the UK amounted to -0.2% per month.

Refined Rapeseed Oil Imports in Ireland

In 2022, purchases abroad of refined rape, colza or mustard oil decreased by 0% to 30K tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 18% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, refined rapeseed oil imports totaled $51M in 2022. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 32% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Import of Refined Rapeseed Oil in Ireland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	6.4	10.8	N/A	37.3	80.0%
United Kingdom	4.0	3.0	N/A	9.2	32.0%
Belgium	1.3	1.6	N/A	2.3	20.9%
Others	0.3	0.2	N/A	2.5	102.7%
Total	11.9	15.7	N/A	51.3	62.8%

Top Suppliers of Refined Rapeseed Oil to Ireland in 2022:

Netherlands (22.8K tons)
United Kingdom (4.1K tons)
Belgium (1.5K tons)

Refined Rapeseed Oil Exports in Ireland

For the fourth consecutive year, Ireland recorded growth in shipments abroad of refined rape, colza or mustard oil, which increased by 172% to 2.8K tons in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, refined rapeseed oil exports surged to $5.3M in 2022. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Refined Rapeseed Oil in Ireland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	1.0	1.2	N/A	5.3	74.4%
United Arab Emirates	N/A	N/A	1.4	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	1.0	1.2	1.4	5.3	74.4%

Top Export Markets for Refined Rapeseed Oil from Ireland in 2022:

United Arab Emirates (undefined tons)
United Kingdom (2777.2 tons)

Source: IndexBox Market Intelligence Platform

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

Ireland

Data coverage:

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