Asia: Refined Rapeseed Oil Market 2024

Refined Rapeseed Oil Market Size in Asia

The Asian refined rapeseed oil market rose to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, saw a mild setback. The most prominent rate of growth was recorded in 2020 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Refined Rapeseed Oil Production in Asia

In value terms, refined rapeseed oil production rose slightly to $X in 2022 estimated in export price. Overall, production, however, showed a mild decline. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Refined Rapeseed Oil Exports

Exports in Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of refined rape, colza or mustard oil, when their volume decreased by X% to X tons. Over the period under review, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, refined rapeseed oil exports fell modestly to $X in 2022. Overall, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell modestly in the following year.

Exports by Country

The United Arab Emirates (X tons) and Malaysia (X tons) prevails in exports structure, together generating X% of total exports. Turkey (X tons) ranks next in terms of the total exports with a X% share, followed by Singapore (X%). Bangladesh (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest refined rapeseed oil supplying countries in Asia were Malaysia ($X), the United Arab Emirates ($X) and Turkey ($X), with a combined X% share of total exports.

Among the main exporting countries, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in India ($X per ton) and Singapore ($X per ton), while Bangladesh ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced more modest paces of growth.

Refined Rapeseed Oil Imports

Imports in Asia

After two years of growth, purchases abroad of refined rape, colza or mustard oil decreased by X% to X tons in 2022. In general, imports, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then declined remarkably in the following year.

In value terms, refined rapeseed oil imports dropped to $X in 2022. Overall, imports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, Israel (X tons), distantly followed by the Philippines (X tons), Malaysia (X tons), Hong Kong SAR (X tons), China (X tons) and Singapore (X tons) were the major importers of refined rape, colza or mustard oil, together committing X% of total imports. South Korea (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons), Japan (X tons) and the United Arab Emirates (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) constitutes the largest market for imported refined rape, colza or mustard oil in Asia, comprising X% of total imports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

In Israel, refined rapeseed oil imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% 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 import price increased by X% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Indonesia ($X per ton) and Japan ($X per ton), while the Philippines ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :