EU: Crude Rapeseed Oil Market 2024

Crude Rapeseed Oil Market Size in the EU

For the fourth consecutive year, the EU crude rapeseed oil market recorded growth in sales value, which increased by X% to $X in 2022. The total consumption indicated tangible growth from 2012 to 2022: its value 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, consumption increased by X% against 2016 indices. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in years to come.

Crude Rapeseed Oil Production in the EU

In value terms, crude rapeseed oil production skyrocketed to $X in 2022 estimated in export price. The total production indicated a temperate expansion from 2012 to 2022: its value 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, production increased by X% against 2018 indices. The growth pace was the most rapid in 2021 when the production volume increased by X%. The level of production peaked in 2022 and is likely to see gradual growth in the immediate term.

Crude Rapeseed Oil Exports

Exports in the EU

In 2022, overseas shipments of crude rape, colza or mustard oil decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Total exports indicated slight 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 2018 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, crude rapeseed oil exports surged to $X in 2022. Over the period under review, exports, however, saw a temperate increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

France (X tons) and Germany (X tons) represented roughly X% of total exports in 2022. The Netherlands (X tons) ranks next in terms of the total exports with a X% share, followed by Belgium (X%) and Denmark (X%). Poland (X tons), the Czech Republic (X tons), Latvia (X tons), Hungary (X tons), Romania (X tons) and Lithuania (X tons) held a minor share of total exports.

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

In value terms, France ($X), Germany ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. Belgium, Denmark, the Czech Republic, Poland, Latvia, Hungary, Romania and Lithuania lagged somewhat behind, together accounting for a further X%.

Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries 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 the European Union amounted to $X per ton, rising by X% against the previous year. Export price indicated pronounced 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 2019 indices. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Romania ($X per ton) and France ($X per ton), while Latvia ($X per ton) and the Netherlands ($X per ton) were 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 the EU

In 2022, overseas purchases of crude rape, colza or mustard oil increased by X% to X tons, rising for the fifth year in a row after three years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, crude rapeseed oil imports surged to $X in 2022. In general, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Germany (X tons) represented roughly X% of total imports in 2022. Poland (X tons) took the next position in the ranking, followed by Lithuania (X tons) and Latvia (X tons). All these countries together held approx. X% share of total imports. Spain (X tons), Sweden (X tons), Denmark (X tons), Austria (X tons), Hungary (X tons) and France (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crude rapeseed oil importing markets in the European Union were the Netherlands ($X), Belgium ($X) and Germany ($X), with a combined X% share of total imports. Poland, Lithuania, Spain, Latvia, Denmark, Sweden, Austria, France and Hungary lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 the European Union stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated a moderate 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, crude rapeseed oil import 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. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Spain ($X per ton) and France ($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 Spain (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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