Czech Republic: Crude Rapeseed Oil Market 2024

Crude Rapeseed Oil Market Size in the Czech Republic

The Czech crude rapeseed oil market totaled $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, enjoyed significant growth. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Crude Rapeseed Oil Production in the Czech Republic

In value terms, crude rapeseed oil production surged to $X in 2022 estimated in export price. Overall, production, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Crude Rapeseed Oil Exports

Exports from the Czech Republic

In 2022, overseas shipments of crude rape, colza or mustard oil decreased by X% to X tons, falling for the sixth year in a row after five years of growth. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude rapeseed oil exports reached $X in 2022. Overall, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Austria (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of crude rapeseed oil exports from the Czech Republic, with a combined X% share of total exports.

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

In value terms, the largest markets for crude rapeseed oil exported from the Czech Republic were Austria ($X), Germany ($X) and the Netherlands ($X), together accounting for X% of total exports.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crude rapeseed oil export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, export price indicated temperate growth 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 2018 indices. The pace of growth was the most pronounced in 2021 an increase of X%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Austria ($X per ton) and Germany ($X per ton), while the average price for exports to Bulgaria ($X per ton) and the Netherlands ($X 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 Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Rapeseed Oil Imports

Imports into the Czech Republic

In 2022, purchases abroad of crude rape, colza or mustard oil increased by X% to X tons, rising for the second year in a row after four years of decline. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, crude rapeseed oil imports skyrocketed to $X in 2022. Overall, imports continue to indicate a tangible expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Hungary (X tons) and Estonia (X tons) were the main suppliers of crude rapeseed oil imports to the Czech Republic, with a combined X% share of total imports. The Netherlands, Poland, Slovakia and Lithuania lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest crude rapeseed oil suppliers to the Czech Republic were Germany ($X), Hungary ($X) and Estonia ($X), with a combined X% share of total imports. The Netherlands, Poland, Slovakia and Lithuania lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average crude rapeseed oil import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price enjoyed a notable expansion. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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