Czech Republic: Rapeseed Oil Market Overview 2020

Rapeseed Oil Market Size in the Czech Republic

The revenue of the rapeseed oil market in the Czech Republic amounted to $X in 2018, declining by -X% against the previous year. Overall, rapeseed oil consumption continues to indicate a mild setback. The pace of growth was the most pronounced in 2013 when the market value increased by X% y-o-y. Over the period under review, the rapeseed oil market attained its peak figure level at $X in 2011; however, from 2012 to 2018, consumption remained at a lower figure.

Rapeseed Oil Production in the Czech Republic

In value terms, rapeseed oil production stood at $X in 2018 estimated in export prices. In general, the total output indicated a resilient increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, rapeseed oil production increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 when production volume increased by X% against the previous year. In that year, rapeseed oil production attained its peak level of $X. From 2012 to 2018, rapeseed oil production growth remained at a somewhat lower figure.

Rapeseed Oil Exports

Exports from the Czech Republic

In 2018, the rapeseed oil exports from the Czech Republic totaled X tonnes, going up by X% against the previous year. In general, rapeseed oil exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, rapeseed oil exports reached their peak figure at X tonnes in 2016; however, from 2017 to 2018, exports remained at a lower figure.

In value terms, rapeseed oil exports amounted to $X in 2018. Overall, rapeseed oil exports continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, rapeseed oil exports attained their peak figure at $X in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

Exports by Country

Poland (X tonnes), Austria (X tonnes) and Germany (X tonnes) were the main destinations of rapeseed oil exports from the Czech Republic, with a combined X% share of total exports. Hungary, Slovakia, Italy and Romania lagged somewhat behind, together accounting for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Romania, while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Austria ($X) and Germany ($X) appeared to be the largest markets for rapeseed oil exported from the Czech Republic worldwide, together comprising X% of total exports. Hungary, Slovakia, Italy and Romania lagged somewhat behind, together comprising a further X terms of the main countries of destination, Romania recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average rapeseed oil export price amounted to $X per tonne, picking up by X% against the previous year. Overall, the rapeseed oil export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2018, the highest prices were recorded for prices to Romania ($X per tonne) and Poland ($X per tonne), while the average price for exports to Italy ($X per tonne) and Austria ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Rapeseed Oil Imports

Imports into the Czech Republic

Rapeseed oil imports into the Czech Republic stood at X tonnes in 2018, declining by -X% against the previous year. Overall, rapeseed oil imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, rapeseed oil imports attained their maximum at X tonnes in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

In value terms, rapeseed oil imports amounted to $X in 2018. In general, rapeseed oil imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2009 when imports increased by X% y-o-y. Over the period under review, rapeseed oil imports attained their peak figure at $X in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, 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), sevenfold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Poland totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+X% per year) and Germany (+X% per year).

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

From 2007 to 2018, the average annual growth rate of value from Poland amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average rapeseed oil import price stood at $X per tonne in 2018, approximately reflecting the previous year. Over the period under review, the rapeseed oil import price, however, continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. In that year, the average import prices for rapeseed oil attained their peak level of $X per tonne. From 2012 to 2018, the growth in terms of the average import prices for rapeseed oil remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2018, the countries with the highest prices were Austria ($X per tonne) and Germany ($X per tonne), while the price for Slovakia ($X per tonne) and Poland ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform