Eastern Europe: Crude Rapeseed Oil Market 2024

Crude Rapeseed Oil Market Size in Eastern Europe

For the third year in a row, the East European crude rapeseed oil market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption saw a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Crude Rapeseed Oil Production in Eastern Europe

In value terms, crude rapeseed oil production skyrocketed to $X in 2022 estimated in export price. In general, production showed a remarkable increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Crude Rapeseed Oil Exports

Exports in Eastern Europe

In 2022, shipments abroad 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. Total exports indicated a moderate increase from 2012 to 2022: its volume 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, exports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, crude rapeseed oil exports rose notably to $X in 2022. Overall, exports, however, showed strong growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Russia dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. Poland (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (X%), Latvia (X%) and Ukraine (X%). The following exporters - Hungary (X tons) and Romania (X tons) - together made up X% of total exports.

Exports from Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Latvia (X%), Ukraine (X%), Romania (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Poland (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, Latvia, Ukraine, Romania and Hungary increased by X, X, X, X and X percentage points, respectively.

In value terms, Russia ($X) remains the largest crude rapeseed oil supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

In Russia, crude rapeseed oil exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, growing by X% against the previous year. Export price indicated modest 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 most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Romania ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Crude Rapeseed Oil Imports

Imports in Eastern Europe

In 2022, imports of crude rape, colza or mustard oil in Eastern Europe reached X tons, remaining relatively unchanged against the previous year's figure. Total imports indicated a remarkable increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, crude rapeseed oil imports surged to $X in 2022. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Poland (X tons), distantly followed by Lithuania (X tons), Latvia (X tons), Hungary (X tons) and the Czech Republic (X tons) represented the largest importers of crude rape, colza or mustard oil, together constituting X% of total imports. Estonia (X tons) and Romania (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Romania (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 importing markets in Eastern Europe were Poland ($X), Lithuania ($X) and Latvia ($X), with a combined X% share of total imports. Hungary, the Czech Republic, Estonia and Romania lagged somewhat behind, together comprising a further X%.

Estonia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Hungary ($X per ton), while Latvia ($X per ton) and Romania ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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