The Australian rapeseed oil market has been characterized by dynamic trade activities and fluctuating prices over the period from 2020 to 2024. With significant imports from Malaysia and notable exports to South Korea, New Zealand, and Taiwan, Australia plays a vital role in the global rapeseed oil trade. Although prices have shown some volatility, the market remains stable with a promising outlook towards 2035.
Market Context (2020-2024)
Globally, the consumption of rapeseed oil in 2024 was dominated by China, the United States, and Germany, collectively accounting for nearly half of the global consumption. On the production side, Germany, Canada, and China were the leading producers, contributing to 45% of the global output. Australia's market has been influenced by these global trends, with imports primarily sourced from Malaysia, which accounted for 81% of Australia's total imports in value terms.
Trade and Price Signals
In 2024, Malaysia emerged as the largest supplier of rapeseed oil to Australia, with imports valued at $17 million. India and the United States followed, albeit with significantly smaller shares. On the export front, Australia found its largest markets in South Korea, New Zealand, and Taiwan, which together represented 62% of its total rapeseed oil exports. The average export price in 2024 was $1,100 per ton, reflecting a decrease of 18.9% from the previous year, while the average import price stood at $1,499 per ton, a slight reduction of 1.8% from 2023. Despite these fluctuations, the overall trend in prices has remained relatively stable.
Outlook to 2035
Looking ahead to 2035, the Australian rapeseed oil market is expected to continue its integration into the global trade network, with potential growth in both import and export activities. The stability in price trends suggests a resilient market environment, although external factors such as global production shifts and consumption patterns may influence future dynamics. As Australia strengthens its trade relationships and adapts to global market changes, it is well-positioned to maintain its role as a key player in the rapeseed oil industry.
Frequently Asked Questions (FAQ) :
The countries with the highest volumes of consumption in 2024 were China, the United States and Germany, together accounting for 49% of global consumption.
The countries with the highest volumes of production in 2024 were Germany, Canada and China, with a combined 45% share of global production. India, France, Poland, Russia, Japan, the United States and the Czech Republic lagged somewhat behind, together accounting for a further 34%.
In value terms, Malaysia constituted the largest supplier of rapeseed oil to Australia, comprising 81% of total imports. The second position in the ranking was held by India, with a 12% share of total imports. It was followed by the United States, with a 0.2% share.
In value terms, South Korea, New Zealand and Taiwan Chinese) appeared to be the largest markets for rapeseed oil exported from Australia worldwide, with a combined 62% share of total exports. China, the United States, Malaysia, Vietnam and Indonesia lagged somewhat behind, together comprising a further 29%.
The average rapeseed oil export price stood at $1,100 per ton in 2024, waning by -18.9% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 38%. Over the period under review, the average export prices hit record highs at $1,720 per ton in 2022; however, from 2023 to 2024, the export prices remained at a lower figure.
In 2024, the average rapeseed oil import price amounted to $1,499 per ton, reducing by -1.8% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 33%. The import price peaked at $2,127 per ton in 2022; however, from 2023 to 2024, import prices stood at a somewhat lower figure.
This report provides a comprehensive view of the rapeseed oil industry in Australia, tracking demand, supply, and trade flows across the national value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply.
Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between domestic suppliers and international partners. The analysis is designed to support strategic planning, market entry, portfolio prioritization, and risk management in the rapeseed oil landscape in Australia.
Domestic demand is shaped by both household and industrial usage, with trade flows linking local supply to imports and exports.
Pricing dynamics reflect unit values, freight costs, exchange rates, and regulatory shifts that affect sourcing decisions.
Supply depends on input availability and production efficiency, creating a distinct national cost curve.
Market concentration varies by segment, creating different competitive landscapes and entry barriers.
The 2035 outlook highlights where capacity investment and demand growth are most aligned within the country.
Report scope
The report combines market sizing with trade intelligence and price analytics for Australia. It covers both historical performance and the forward outlook to 2035, allowing you to compare cycles, structural shifts, and policy impacts.
Market size and growth in value and volume terms
Consumption structure by end-use segments
Production capacity, output, and cost dynamics
Trade flows, exporters, importers, and balances
Price benchmarks, unit values, and margin signals
Competitive context and market entry conditions
Product coverage
FCL 271 - Oil of Rapeseed or Canola oil
Country coverage
Australia
Country profile and benchmarks
This report provides a consistent view of market size, trade balance, prices, and per-capita indicators for Australia. The profile highlights demand structure and trade position, enabling benchmarking against regional and global peers.
Methodology
The analysis is built on a multi-source framework that combines official statistics, trade records, company disclosures, and expert validation. Data are standardized, reconciled, and cross-checked to ensure consistency across time series.
International trade data (exports, imports, and mirror statistics)
National production and consumption statistics
Company-level information from financial filings and public releases
Price series and unit value benchmarks
Analyst review, outlier checks, and time-series validation
All data are normalized to a common product definition and mapped to a consistent set of codes. This ensures that comparisons across time are aligned and actionable.
Forecasts to 2035
The forecast horizon extends to 2035 and is based on a structured model that links rapeseed oil demand and supply to macroeconomic indicators, trade patterns, and sector-specific drivers. The model captures both cyclical and structural factors and reflects known policy and technology shifts in Australia.
Historical baseline: 2012-2025
Forecast horizon: 2026-2035
Scenario-based sensitivity to income growth, substitution, and regulation
Capacity and investment outlook for major producing companies
Each projection is built from national historical patterns and the broader regional context, allowing the report to show where growth is concentrated and where risks are elevated.
Price analysis and trade dynamics
Prices are analyzed in detail, including export and import unit values, regional spreads, and changes in trade costs. The report highlights how seasonality, freight rates, exchange rates, and supply disruptions influence pricing and margins.
Price benchmarks by country and sub-region
Export and import unit value trends
Seasonality and calendar effects in trade flows
Price outlook to 2035 under baseline assumptions
Profiles of market participants
Key producers, exporters, and distributors are profiled with a focus on their operational scale, geographic footprint, product mix, and market positioning. This helps identify competitive pressure points, partnership opportunities, and routes to differentiation.
Business focus and production capabilities
Geographic reach and distribution networks
Cost structure and pricing strategy indicators
Compliance, certification, and sustainability context
How to use this report
Quantify domestic demand and identify the most attractive segments
Evaluate export opportunities and prioritize target destinations
Track price dynamics and protect margins
Benchmark performance against leading competitors
Build evidence-based forecasts for investment decisions
This report is designed for manufacturers, distributors, importers, wholesalers, investors, and advisors who need a clear, data-driven picture of rapeseed oil dynamics in Australia.
FAQ
What is included in the rapeseed oil market in Australia?
The market size aggregates consumption and trade data, presented in both value and volume terms.
How are the forecasts to 2035 built?
The projections combine historical trends with macroeconomic indicators, trade dynamics, and sector-specific drivers.
Does the report cover prices and margins?
Yes, it includes export and import unit values, regional spreads, and a pricing outlook to 2035.
Which benchmarks are included?
The report benchmarks market size, trade balance, prices, and per-capita indicators for Australia.
Can this report support market entry decisions?
Yes, it highlights demand hotspots, trade routes, pricing trends, and competitive context.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
Per Capita Consumption: Historical Data (2012–2025) and Forecast (2026–2035)
Imports, In Physical Terms, By Country, 2012–2025
Imports, In Value Terms, By Country, 2012–2025
Import Prices, By Country, 2012–2025
Exports, In Physical Terms, By Country, 2012–2025
Exports, In Value Terms, By Country, 2012–2025
Export Prices, By Country, 2012–2025
LIST OF FIGURES
Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Trade Balance, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Trade Balance, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Per Capita Consumption: Historical Data (2012–2025) and Forecast (2026–2035)
Market Volume Forecast to 2035
Market Value Forecast to 2035
Market Size and Growth, By Product
Average Per Capita Consumption, By Product
Exports and Growth, By Product
Export Prices and Growth, By Product
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: Historical Data (2012–2025) and Forecast (2026–2035)
Production, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Imports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Imports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Imports, In Physical Terms, By Country, 2025
Imports, In Physical Terms, By Country, 2012–2025
Imports, In Value Terms, By Country, 2012–2025
Import Prices, By Country, 2012–2025
Exports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Exports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Exports, In Physical Terms, By Country, 2025
Exports, In Physical Terms, By Country, 2012–2025
Exports, In Value Terms, By Country, 2012–2025
Export Prices, By Country, 2012–2025
Feb 6, 2026
Cargill Activates First Large-Scale Solar Array at Australian Crush Plant
Cargill's new 2.58MW solar array at its Australian crush plant is a major step in reducing emissions and boosting operational resilience, generating over 4,200 MWh of renewable power annually.
Australia's Rapeseed Oil Market Poised for Steady 3.4% CAGR Growth Through 2035
Analysis of Australia's rapeseed oil market in 2024, covering consumption, production, imports, and exports. Includes forecasts to 2035 with a 3.4% volume CAGR and 4.9% value CAGR, plus key trade partners and price trends.
Australia's Rapeseed Oil Market Set for Growth to 462K Tons and $660M
Analysis of Australia's rapeseed oil market, including consumption, production, imports, and exports. Forecasts show market growth to 462K tons and $660M by 2035, with key insights on trade partners and price trends.
Australia's Rapeseed Oil Market: Forecasted to Reach 461K Tons in Volume and $661M in Value by 2035
Learn about the expected growth of the rapeseed oil market in Australia over the next decade, with consumption projected to increase significantly. Market performance is predicted to continue on an upward trend, reaching a volume of 461K tons and a value of $661M by the end of 2035.
Australia's Rapeseed Oil Market to Grow at a CAGR of +3.1%, Reaching 407K Tons by 2035
Learn about the increasing demand for rapeseed oil in Australia and how the market is projected to grow over the next decade, with market volume expected to reach 407K tons and market value to reach $598M by 2035.