EU: Refined Rapeseed Oil Market 2024

Refined Rapeseed Oil Market Size in the EU

In 2022, the EU refined rapeseed oil market increased by X% to $X, rising for the third consecutive year after two years of decline. The total consumption indicated a notable 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, consumption increased by X% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Refined Rapeseed Oil Production in the EU

In value terms, refined rapeseed oil production soared to $X in 2022 estimated in export price. The total production indicated notable 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, production increased by X% against 2019 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

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Refined Rapeseed Oil Exports

Exports in the EU

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 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. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined significantly in the following year.

In value terms, refined rapeseed oil exports expanded remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

In 2022, Germany (X tons) was the key exporter of refined rape, colza or mustard oil, making up X% of total exports. It was distantly followed by Belgium (X tons), the Netherlands (X tons), the Czech Republic (X tons) and Denmark (X tons), together constituting a X% share of total exports. The following exporters - Austria (X tons), Estonia (X tons), Poland (X tons), France (X tons), Sweden (X tons), Spain (X tons) and Hungary (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to refined rapeseed oil exports from Germany stood at X%. At the same time, Spain (X%), Poland (X%), Estonia (X%), Hungary (X%), Austria (X%), Sweden (X%), the Czech Republic (X%) and Denmark (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Belgium and the Netherlands experienced a relatively flat trend pattern. By contrast, France (X%) illustrated a downward trend over the same period. While the share of Germany (X p.p.), Poland (X p.p.), Estonia (X p.p.) and the Czech Republic (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of France (X p.p.), Belgium (X p.p.) and the Netherlands (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest refined rapeseed oil supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Germany stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, increasing by X% against the previous year. Export price indicated a measured 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, refined rapeseed oil export price increased by X% against 2019 indices. As a result, the export price reached 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 Spain ($X per ton) and Austria ($X per ton), while Belgium ($X per ton) and Estonia ($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 the EU

In 2022, purchases abroad of refined rape, colza or mustard oil decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. 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 pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, refined rapeseed oil imports surged to $X in 2022. In general, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) represented the main importer of refined rape, colza or mustard oil, constituting X% of total imports. Belgium (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by France (X%), Poland (X%), Germany (X%) and Sweden (X%). Spain (X tons), Austria (X tons), Slovakia (X tons), the Czech Republic (X tons), Lithuania (X tons) and Ireland (X tons) followed a long way behind the leaders.

Imports into the Netherlands increased at an average annual rate of X% from 2012 to 2022. At the same time, Spain (X%), Slovakia (X%), Poland (X%), Germany (X%), Ireland (X%), France (X%), Lithuania (X%), Belgium (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Sweden (X%) and Austria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, Spain, Poland, Slovakia and Germany increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported refined rape, colza or mustard oil in the European Union, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by France, with a X% share.

In the Netherlands, refined rapeseed oil imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (X% per year) and France (X% per year).

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 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, refined rapeseed oil import price increased by X% against 2019 indices. As a result, import price attained the peak level 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 Germany ($X per ton) and Slovakia ($X per ton), while Sweden ($X per ton) and France ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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