Eastern Europe: Rapeseed Oil Market 2024

Rapeseed Oil Market Size in Eastern Europe

For the third consecutive year, the East European rapeseed oil market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption enjoyed buoyant growth. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Rapeseed Oil Production in Eastern Europe

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

Rapeseed Oil Exports

Exports in Eastern Europe

In 2022, overseas shipments of rapeseed oil increased by X% to X tons, rising for the fifth consecutive year after two years of decline. Total exports indicated prominent growth 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 growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, rapeseed oil exports skyrocketed to $X in 2022. Over the period under review, exports posted prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Russia represented the major exporter of rapeseed oil in Eastern Europe, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Belarus (X tons) took the second position in the ranking, distantly followed by the Czech Republic (X tons) and Poland (X tons). All these countries together held approx. X% share of total exports. Hungary (X tons), Latvia (X tons), Ukraine (X tons), Estonia (X tons), Romania (X tons), Bulgaria (X tons) and Lithuania (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 shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest rapeseed oil supplying countries in Eastern Europe were Russia ($X), Belarus ($X) and the Czech Republic ($X), together accounting for X% of total exports. Poland, Hungary, Latvia, Estonia, Romania, Ukraine, Bulgaria and Lithuania lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Romania, with a CAGR of X%, 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

In 2022, the export price in Eastern Europe amounted to $X per ton, picking up by X% against the previous year. Export price indicated a noticeable expansion 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, rapeseed oil export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Rapeseed Oil Imports

Imports in Eastern Europe

In 2022, approx. X tons of rapeseed oil were imported in Eastern Europe; surging by X% against 2021. Total imports indicated a prominent 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 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, rapeseed oil imports soared to $X in 2022. Over the period under review, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Poland represented the major importer of rapeseed oil in Eastern Europe, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by Lithuania (X tons), Latvia (X tons), the Czech Republic (X tons), Hungary (X tons) and Slovakia (X tons), together generating a X% share of total imports. Estonia (X tons) followed a long way behind the leaders.

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

In value terms, Poland ($X) constitutes the largest market for imported rapeseed oil in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Lithuania ($X), with a X% share of total imports. It was followed by Latvia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Poland stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Latvia (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price showed a mild expansion. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the near future.

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

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

Source: IndexBox Platform

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