Report Update Apr 1, 2024

Colombia - Crude Rape, Colza or Mustard Oil - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Crude Rapeseed Oil Market 2024

Crude Rapeseed Oil Market Size in Colombia

The Colombian crude rapeseed oil market contracted significantly to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a buoyant increase. As a result, consumption reached the peak level of $X, and then shrank significantly in the following year.

Crude Rapeseed Oil Exports

Exports from Colombia

In 2018, the amount of crude rape, colza or mustard oil exported from Colombia stood at X tons, remaining relatively unchanged against 2017. Over the period under review, exports recorded a abrupt descent. The smallest decline of X% was in 2015. The exports peaked at X tons in 2014; however, from 2015 to 2018, the exports failed to regain momentum.

In value terms, crude rapeseed oil exports totaled $X in 2018. Overall, exports saw a abrupt contraction. The smallest decline of X% was in 2015. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2018, the exports remained at a lower figure.

Exports by Country

Aruba (X tons) was the main destination for crude rapeseed oil exports from Colombia, accounting for a approx. X% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to Aruba was relatively modest.

From 2012 to 2018, the average annual growth rate of value to Aruba was relatively modest.

Export Prices by Country

In 2018, the average crude rapeseed oil export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price recorded a strong expansion. The growth pace was the most rapid in 2015 a decrease of X% against the previous year. The export price peaked in 2018 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Aruba.

From 2012 to 2018, the rate of growth in terms of prices for Ecuador amounted to X% per year.

Crude Rapeseed Oil Imports

Imports into Colombia

In 2022, crude rapeseed oil imports into Colombia expanded notably to X tons, increasing by X% against the previous year's figure. Over the period under review, imports showed resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, crude rapeseed oil imports dropped dramatically to $X in 2022. Overall, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then contracted remarkably in the following year.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of crude rapeseed oil to Colombia, with a X% share of total imports. Moreover, crude rapeseed oil imports from Canada exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (X% per year) and Paraguay (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from Canada totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (X% per year) and Paraguay (X% per year).

Import Prices by Country

The average crude rapeseed oil import price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Uruguay ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude rape, colza or mustard oil in the world?

The countries with the highest volumes of consumption in 2023 were China, Canada and India, together accounting for 47% of global consumption. Germany, the United States, Japan, Belgium, Poland, Mexico, Pakistan, Norway and the Netherlands lagged somewhat behind, together comprising a further 35%.

What are the largest producers of crude rape, colza or mustard oil in the world?

The countries with the highest volumes of production in 2022 were Canada, China and India, together accounting for 47% of global production. Germany, Russia, Japan, the United States, France, Belgium, Poland, Mexico, Pakistan and the United Arab Emirates lagged somewhat behind, together comprising a further 39%.

What are the leading suppliers of crude rape, colza or mustard oil to Colombia?

In value terms, Canada constituted the largest supplier of crude rape, colza or mustard oil to Colombia, comprising 75% of total imports. The second position in the ranking was held by Uruguay, with a 15% share of total imports.

What is the average export price for crude rape, colza or mustard oil in Colombia?

In 2018, the average crude rapeseed oil export price amounted to $2,225 per ton, leveling off at the previous year.

What is the average import price for crude rape, colza or mustard oil in Colombia?

In 2022, the average crude rapeseed oil import price amounted to $1,024 per ton, declining by -25.9% against the previous year.

This report provides an in-depth analysis of the crude rapeseed oil market in Colombia. 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:

FCL 271 - Oil of Rapeseed or Canola oil

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
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