Eastern Europe: Refined Rapeseed Oil Market 2024

Refined Rapeseed Oil Market Size in Eastern Europe

For the third consecutive year, the East European refined rapeseed oil market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Refined Rapeseed Oil Production in Eastern Europe

In value terms, refined rapeseed oil production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Refined Rapeseed Oil Exports

Exports in Eastern Europe

After four years of growth, shipments abroad of refined rape, colza or mustard oil decreased by X% to X tons in 2022. 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 pace of growth appeared the most rapid in 2013 when exports increased by X%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, refined rapeseed oil exports surged to $X in 2022. Overall, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

The Czech Republic represented the largest exporter of refined rape, colza or mustard oil in Eastern Europe, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Estonia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%), Hungary (X%) and Bulgaria (X%). The following exporters - Russia (X tons) and Romania (X tons) - each finished at a X% share of total exports.

Exports from the Czech Republic increased at an average annual rate of X% from 2012 to 2022. At the same time, Romania (X%), Bulgaria (X%), Poland (X%), Estonia (X%), Hungary (X%) and Russia (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Poland (X p.p.), Bulgaria (X p.p.), Estonia (X p.p.), Romania (X p.p.) and Hungary (X p.p.) significantly strengthened its position in terms of the total exports, while Russia and the Czech Republic saw its share reduced by X% and X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual rate of growth in terms of value in the Czech Republic amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Estonia (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, jumping by X% against the previous year. Export price indicated a notable increase 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, refined rapeseed oil export price increased by X% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Poland ($X per ton) and Russia ($X per ton), while Romania ($X per ton) and Bulgaria ($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.

Refined Rapeseed Oil Imports

Imports in Eastern Europe

For the third year in a row, Eastern Europe recorded growth in overseas purchases of refined rape, colza or mustard oil, which increased by X% to X tons in 2022. Total imports indicated buoyant 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, refined rapeseed oil imports soared to $X in 2022. Overall, imports continue to indicate a resilient expansion. The growth pace was the most rapid 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) was the main importer of refined rape, colza or mustard oil, constituting X% of total imports. Slovakia (X tons) ranks second in terms of the total imports with a X% share, followed by the Czech Republic (X%), Lithuania (X%) and Latvia (X%). The following importers - Romania (X tons) and Estonia (X tons) - each amounted to a X% share of total imports.

Imports into Poland increased at an average annual rate of X% from 2012 to 2022. At the same time, Slovakia (X%), Lithuania (X%), the Czech Republic (X%), Latvia (X%) and Romania (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Estonia (X%) illustrated a downward trend over the same period. While the share of Slovakia (X p.p.) and Poland (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Lithuania (X p.p.), Latvia (X p.p.), Estonia (X p.p.) and the Czech Republic (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported refined rape, colza or mustard oil in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total imports. It was followed by Lithuania, with a X% share.

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

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, jumping by X% against the previous year. Import price indicated a pronounced increase 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, refined rapeseed oil import price increased by X% against 2017 indices. The most prominent rate of growth was recorded 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 immediate term.

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

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

Source: IndexBox Platform

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