U.S. - Refined Rape, Colza Or Mustard Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Rapeseed Oil Price in the United States - 2023
Contents:
- Refined Rapeseed Oil Price in the United States (CIF) - 2023
- Refined Rapeseed Oil Price in the United States (FOB) - 2022
- Refined Rapeseed Oil Imports in the United States
- Refined Rapeseed Oil Exports in the United States
Refined Rapeseed Oil Price in the United States (CIF) - 2023
The average refined rapeseed oil import price stood at $1,734 per ton in August 2023, increasing by 2.1% against the previous month. Overall, the import price, however, recorded a slight decrease. The import price peaked at $2,050 per ton in August 2022; however, from September 2022 to August 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From August 2022 to August 2023, the rate of growth in terms of prices for Canada amounted to -1.4% per month.
Refined Rapeseed Oil Price in the United States (FOB) - 2022
The average refined rapeseed oil export price stood at $1,528 per ton in 2022, jumping by 40% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Honduras ($1,807 per ton) and Panama ($1,697 per ton), while the average price for exports to Israel ($1,257 per ton) and Guyana ($1,416 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Rapeseed Oil Imports in the United States
In 2022, approx. 1.6M tons of refined rape, colza or mustard oil were imported into the United States; almost unchanged from the year before. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 3.2% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, refined rapeseed oil imports soared to $3.1B in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 67%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Refined Rapeseed Oil in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1.4 | 1.4 | 2.3 | 3.0 | 28.9% |
| Australia | N/A | N/A | N/A | 0.1 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.4 | 1.4 | 2.3 | 3.1 | 30.3% |
Top Suppliers of Refined Rapeseed Oil to the United States in 2022:
- Canada (1516.4K tons)
- Australia (35.3K tons)
Refined Rapeseed Oil Exports in the United States
In 2022, after three years of growth, there was significant decline in shipments abroad of refined rape, colza or mustard oil, when their volume decreased by -27.9% to 67K tons. Over the period under review, total exports indicated a notable expansion from 2019 to 2022: its volume increased at an average annual rate of +4.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 40% against the previous year.
In value terms, refined rapeseed oil exports reached $103M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +18.3% 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 +65.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 33%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Refined Rapeseed Oil in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 14.7 | 33.1 | 45.9 | 34.6 | 33.0% |
| Canada | 21.0 | 21.3 | 27.9 | 34.5 | 18.0% |
| Panama | 3.1 | 3.7 | 4.8 | 5.5 | 21.1% |
| Israel | 1.9 | 2.2 | 2.8 | 3.0 | 16.4% |
| Honduras | 1.6 | 1.1 | 0.6 | 2.8 | 20.5% |
| Guyana | 0.9 | 1.3 | 1.6 | 2.7 | 44.2% |
| Guatemala | 1.9 | 1.8 | 1.9 | 2.6 | 11.0% |
| Philippines | 1.4 | 1.7 | 1.9 | 2.5 | 21.3% |
| Costa Rica | 0.8 | 0.8 | 0.8 | 2.2 | 40.1% |
| El Salvador | 1.5 | 1.7 | 0.6 | 1.7 | 4.3% |
| Others | 13.3 | 13.8 | 12.9 | 10.8 | -6.7% |
| Total | 62.1 | 82.5 | 102 | 103 | 18.4% |
Top Export Markets for Refined Rapeseed Oil from the United States in 2022:
- Mexico (22.5K tons)
- Canada (22.2K tons)
- Panama (3.2K tons)
- Israel (2.4K tons)
- Guyana (1.9K tons)
- Guatemala (1.6K tons)
- Honduras (1.5K tons)
- Costa Rica (1.5K tons)
- Philippines (1.5K tons)
- El Salvador (1.1K tons)
This report provides an in-depth analysis of the refined rapeseed oil market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
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Refined Rapeseed Oil prices dropped -1.6% in March 2023, to $1,809 per ton CIF, US
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In July 2022, the rapeseed oil price per ton stood at $2,046, with an increase of 1.8% against the previous month.
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Imports of Crude Rapeseed Oil reached a value of $147 million in May 2023.
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The revenue of the market of dry, condensed, and evaporated dairy products in the U.S. amounted to $20.2B in 2018, levelin...
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Global rapeseed oil consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
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Global rapeseed oil imports amounted to X thousand tons in 2015, leveling off at the previous year level.
