Report Update: May 1, 2024

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

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Refined Rapeseed Oil Price in Lithuania - 2023

Refined Rapeseed Oil Price in Lithuania (CIF) - 2023

In September 2023, the average refined rapeseed oil import price amounted to $1,427 per ton, shrinking by -7.8% against the previous month. Over the period under review, the import price recorded a slight reduction. The growth pace was the most rapid in April 2023 an increase of 7.3% month-to-month. Over the period under review, average import prices attained the maximum at $1,833 per ton in December 2022; however, from January 2023 to September 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($3,256 per ton), while the price for Ukraine ($1,131 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Sweden (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Refined Rapeseed Oil Price in Lithuania (FOB) - 2023

In September 2023, the average refined rapeseed oil export price amounted to $1,673 per ton, increasing by 13% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 an increase of 13% m-o-m. Over the period under review, the average export prices hit record highs at $2,043 per ton in November 2022; however, from December 2022 to September 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In September 2023, the highest price was recorded for prices to Estonia ($1,930 per ton) and Norway ($1,820 per ton), while the average price for exports to Denmark ($1,414 per ton) and Poland ($1,421 per ton) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.

Refined Rapeseed Oil Imports in Lithuania

Refined rapeseed oil imports into Lithuania expanded remarkably to 30K tons in 2022, with an increase of 7.2% compared with the previous year's figure. The total import volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 11% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, refined rapeseed oil imports skyrocketed to $53M in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 50%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Refined Rapeseed Oil in Lithuania (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Estonia	15.4	17.4	21.3	28.5	22.8%
Poland	4.2	4.6	10.4	12.0	41.9%
Germany	1.1	0.4	2.0	4.1	55.0%
Latvia	1.3	1.6	1.8	2.6	26.0%
Czech Republic	N/A	0.2	0.3	1.2	144.9%
Sweden	N/A	N/A	N/A	1.2	0%
Netherlands	0.4	0.6	1.0	1.1	40.1%
Others	0.7	0.4	1.0	2.1	44.2%
Total	23.1	25.2	37.9	52.8	31.7%

Top Suppliers of Refined Rapeseed Oil to Lithuania in 2022:

Estonia (17.1K tons)
Poland (6.3K tons)
Germany (2.0K tons)
Latvia (1.3K tons)
Netherlands (0.6K tons)
Czech Republic (0.6K tons)
Sweden (0.6K tons)

Refined Rapeseed Oil Exports in Lithuania

After two years of decline, overseas shipments of refined rape, colza or mustard oil increased by 52% to 2.5K tons in 2022. Over the period under review, exports, however, showed a perceptible decrease.

In value terms, refined rapeseed oil exports skyrocketed to $4.8M in 2022. Overall, exports posted prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Refined Rapeseed Oil in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Estonia	481	873	134	1,446	44.3%
Latvia	708	372	448	1,372	24.7%
Sweden	1,281	813	1,224	1,182	-2.6%
Finland	195	176	101	182	-2.3%
Bulgaria	N/A	N/A	76.5	154	101.3%
Poland	84.8	53.7	78.7	142	18.7%
Norway	N/A	N/A	N/A	120	0%
Others	94.7	152	333	161	19.4%
Total	2,845	2,439	2,395	4,759	18.7%

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

Estonia (806.8 tons)
Latvia (715.7 tons)
Sweden (597.7 tons)
Bulgaria (75.8 tons)
Poland (74.8 tons)
Finland (73.6 tons)
Norway (56.5 tons)

Source: IndexBox Market Intelligence Platform

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

Lithuania

Data coverage:

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