MERCOSUR: Rapeseed Oil Market 2024

Rapeseed Oil Market Size in MERCOSUR

For the third consecutive year, the MERCOSUR rapeseed oil market recorded growth in sales value, which increased by X% to $X in 2022. The total consumption indicated a prominent increase 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 2018 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Rapeseed Oil Production in MERCOSUR

In value terms, rapeseed oil production dropped to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible slump. The growth pace was the most rapid in 2015 with an increase of X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Rapeseed Oil Exports

Exports in MERCOSUR

In 2022, the amount of rapeseed oil exported in MERCOSUR surged to X tons, with an increase of X% compared with the previous year. Overall, exports recorded a noticeable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rapeseed oil exports surged to $X in 2022. Over the period under review, exports continue to indicate buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Paraguay (X tons) and Uruguay (X tons) dominates exports structure, together generating X% of total exports. Brazil (X tons) took the next position in the ranking, followed by Chile (X tons). All these countries together took near X% share of total exports.

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

In value terms, the largest rapeseed oil supplying countries in MERCOSUR were Paraguay ($X), Uruguay ($X) and Chile ($X), together accounting for X% of total exports.

Uruguay, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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

The export price in MERCOSUR stood at $X per ton in 2022, with an increase of X% against the previous year. Export price indicated tangible 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, rapeseed oil export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the export price increased by X%. The level of export peaked in 2022 and is likely to see steady 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 Chile ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced mixed trends in the export price figures.

Rapeseed Oil Imports

Imports in MERCOSUR

In 2022, imports of rapeseed oil in MERCOSUR fell to X tons, shrinking by X% compared with 2021. Over the period under review, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, rapeseed oil imports stood at $X in 2022. Overall, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Chile represented the key importer of rapeseed oil in MERCOSUR, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. Colombia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Brazil (X%). Argentina (X tons) held a relatively small share of total imports.

Chile was also the fastest-growing in terms of the rapeseed oil imports, with a CAGR of X% from 2012 to 2022. At the same time, Brazil (X%) and Colombia (X%) displayed positive paces of growth. Argentina experienced a relatively flat trend pattern. From 2012 to 2022, the share of Chile increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported rapeseed oil in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Chile totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Brazil (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price continues to indicate noticeable growth. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Argentina ($X per ton) and Colombia ($X per ton), while Brazil ($X per ton) and Chile ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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