Report Update: May 1, 2024

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

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Refined Rapeseed Oil Price in Malaysia - 2021

Refined Rapeseed Oil Price in Malaysia (FOB) - 2021

The average refined rapeseed oil export price stood at $1,817 per ton in December 2021, standing approximately at the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +3.2%. The most prominent rate of growth was recorded in January 2021 an increase of 12% m-o-m. The export price peaked 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.

Refined Rapeseed Oil Price in Malaysia (CIF) - 2021

In December 2021, the average refined rapeseed oil import price amounted to $1,760 per ton, surging by 4.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.7%. The most prominent rate of growth was recorded in February 2021 an increase of 11% m-o-m. The import price peaked in December 2021.

There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Thailand ($1,824 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 Australia (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Refined Rapeseed Oil Exports in Malaysia

In 2022, overseas shipments of refined rape, colza or mustard oil decreased by -36.6% to 51K tons, falling for the second year in a row after two years of growth. In general, exports showed a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year. As a result, the exports attained the peak of 84K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, refined rapeseed oil exports declined significantly to $104M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.4% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 38%. As a result, the exports attained the peak of $129M, and then fell notably in the following year.

Export of Refined Rapeseed Oil in Malaysia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
New Zealand	27.0	29.7	44.7	36.2	10.3%
Philippines	16.1	21.8	25.8	20.9	9.1%
Australia	13.7	13.8	17.8	14.4	1.7%
Singapore	6.6	10.9	17.5	14.1	28.8%
Fiji	3.4	5.4	7.8	6.3	22.8%
Indonesia	3.0	3.6	6.5	5.2	20.1%
Vietnam	1.6	2.4	1.7	1.6	0.0%
Others	4.1	5.6	6.8	5.8	12.3%
Total	75.5	93.2	129	104	11.3%

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

New Zealand (16.8K tons)
Philippines (10.7K tons)
Australia (7.8K tons)
Singapore (6.5K tons)
Fiji (3.0K tons)
Indonesia (2.1K tons)
Vietnam (1.1K tons)

Refined Rapeseed Oil Imports in Malaysia

In 2022, supplies from abroad of refined rape, colza or mustard oil decreased by -74.9% to 6.5K tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a sharp setback. The pace of growth was the most pronounced in 2020 with an increase of 23%. As a result, imports attained the peak of 28K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, refined rapeseed oil imports declined markedly to $10M in 2022. Over the period under review, imports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 46%. As a result, imports attained the peak of $39M, and then dropped notably in the following year.

Import of Refined Rapeseed Oil in Malaysia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	18.7	24.1	33.3	9.2	-21.1%
Australia	N/A	1.6	2.3	0.6	-38.8%
Others	2.2	1.0	3.5	0.4	-43.3%
Total	21.0	26.8	39.0	10.2	-21.4%

Top Suppliers of Refined Rapeseed Oil to Malaysia in 2022:

United Arab Emirates (5.9K tons)
Australia (0.4K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the refined 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:

Prodcom 10415600 - Refined rape, colza or mustard oil and their fractions (excluding chemically modified)

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
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