Belgium: Crude Rapeseed Oil Market 2024

Crude Rapeseed Oil Market Size in Belgium

In 2022, after two years of growth, there was decline in the Belgian crude rapeseed oil market, when its value decreased by X% to $X. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then shrank modestly in the following year.

Crude Rapeseed Oil Production in Belgium

In value terms, crude rapeseed oil production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Crude rapeseed oil production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Crude Rapeseed Oil Exports

Exports from Belgium

In 2022, approx. X tons of crude rape, colza or mustard oil were exported from Belgium; therefore, remained relatively stable against 2021 figures. Over the period under review, exports posted slight growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude rapeseed oil exports soared to $X in 2022. Overall, exports continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons) was the main destination for crude rapeseed oil exports from Belgium, accounting for a X% share of total exports. Moreover, crude rapeseed oil exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. Norway (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Norway (X% per year).

In value terms, Germany ($X) remains the key foreign market for crude rape, colza or mustard oil exports from Belgium, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Norway, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Norway (X% per year).

Export Prices by Country

The average crude rapeseed oil export price stood at $X per ton in 2022, surging by X% against the previous year. In general, export price indicated a tangible 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, crude rapeseed oil export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (X%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Rapeseed Oil Imports

Imports into Belgium

In 2022, overseas purchases of crude rape, colza or mustard oil decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, crude rapeseed oil imports skyrocketed to $X in 2022. In general, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, France (X tons) constituted the largest crude rapeseed oil supplier to Belgium, accounting for a X% share of total imports. Moreover, crude rapeseed oil imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

In value terms, France ($X) constituted the largest supplier of crude rape, colza or mustard oil to Belgium, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average crude rapeseed oil import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price saw a moderate increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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