Czech Republic: Rapeseed Oil Market Overview 2021

Rapeseed Oil Market Size in the Czech Republic

In 2019, after three years of growth, there was significant decline in the Czech rapeseed oil market, when its value decreased by -X% to $X. In general, consumption, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Rapeseed oil consumption peaked at $X in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.

Rapeseed Oil Production in the Czech Republic

In value terms, rapeseed oil production rose modestly to $X in 2019 estimated in export prices. In general, the total production indicated a notable expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, production attained the peak level of $X. From 2012 to 2019, production growth remained at a somewhat lower figure.

Rapeseed Oil Exports

Exports from the Czech Republic

In 2019, overseas shipments of rapeseed oil increased by X% to X tonnes for the first time since 2016, thus ending a two-year declining trend. Overall, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2012 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2016; however, from 2017 to 2019, exports remained at a lower figure.

In value terms, rapeseed oil exports rose markedly to $X in 2019. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at $X in 2016; however, from 2017 to 2019, exports remained at a lower figure.

Exports by Country

Austria (X tonnes), Germany (X tonnes) and Poland (X tonnes) were the main destinations of rapeseed oil exports from the Czech Republic, together accounting for X% of total exports. Hungary, Slovakia and the Netherlands lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Germany ($X) and Poland ($X) appeared to be the largest markets for rapeseed oil exported from the Czech Republic worldwide, with a combined X% share of total exports. Hungary, Slovakia and the Netherlands lagged somewhat behind, together comprising a further X terms of the main countries of destination, Hungary (+X% per year) saw 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 average rapeseed oil export price stood at $X per tonne in 2019, leveling off at the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2011; however, from 2012 to 2019, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2019, the countries with the highest prices were the Netherlands ($X per tonne) and Slovakia ($X per tonne), while the average price for exports to Austria ($X per tonne) and Hungary ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced a decline.

Rapeseed Oil Imports

Imports into the Czech Republic

Rapeseed oil imports into the Czech Republic declined to X tonnes in 2019, waning by -X% against the previous year's figure. Over the period under review, imports, however, posted a notable expansion. The pace of growth was the most pronounced in 2009 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2013; however, from 2014 to 2019, imports failed to regain the momentum.

In value terms, rapeseed oil imports shrank to $X in 2019. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. Imports peaked at $X in 2013; however, from 2014 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Poland (X tonnes) constituted the largest rapeseed oil supplier to the Czech Republic, accounting for a X% share of total imports. Moreover, rapeseed oil imports from Poland exceeded the figures recorded by the second-largest supplier, Austria (X tonnes), threefold. The third position in this ranking was occupied by Hungary (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Poland amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+X% per year) and Hungary (+X% per year).

In value terms, Poland ($X) constituted the largest supplier of rapeseed oil to the Czech Republic, comprising X% of total imports. The second position in the ranking was occupied by Austria ($X), with a X% share of total imports. It was followed by Hungary, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Poland totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+X% per year) and Hungary (+X% per year).

Import Prices by Country

In 2019, the average rapeseed oil import price amounted to $X per tonne, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2011 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the highest prices were recorded for prices from Germany ($X per tonne) and the Netherlands ($X per tonne), while the price for Ukraine ($X per tonne) and Poland ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Hungary, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rapeseed oil in the world?

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The countries with the highest volumes of rapeseed oil consumption in 2019 were China (4.9M tonnes), Germany (2.6M tonnes) and India (2.5M tonnes), with a combined 39% share of global consumption. The U.S., France, Canada, Poland, Japan, Belgium, the UK, Mexico, the Netherlands and Norway lagged somewhat behind, together comprising a further 44%.

What are the largest producers of rapeseed oil in the world?

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The countries with the highest volumes of rapeseed oil production in 2019 were Canada (4.5M tonnes), China (3.6M tonnes) and Germany (3.2M tonnes), with a combined 44% share of global production. India, France, Poland, Japan, the UK, the U.S., Belgium, Russia and Mexico lagged somewhat behind, together accounting for a further 39%.

What are the leading suppliers of rapeseed oil to the Czech Republic?

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In value terms, Poland ($23M) constituted the largest supplier of rapeseed oil to the Czech Republic, comprising 56% of total imports. The second position in the ranking was occupied by Austria ($9.1M), with a 23% share of total imports. It was followed by Hungary, with a 4.6% share.

What are the leading importers of rapeseed oil from the Czech Republic?

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In value terms, Austria ($72M), Germany ($68M) and Poland ($48M) appeared to be the largest markets for rapeseed oil exported from the Czech Republic worldwide, with a combined 72% share of total exports. Hungary, Slovakia and the Netherlands lagged somewhat behind, together comprising a further 25%.

What is the average export price for rapeseed oil in the Czech Republic?

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In 2019, the average rapeseed oil export price amounted to $869 per tonne, remaining relatively unchanged against the previous year.

What is the average import price for rapeseed oil in the Czech Republic?

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In 2019, the average rapeseed oil import price amounted to $898 per tonne, surging by 1.5% against the previous year.