MERCOSUR: Refined Rapeseed Oil Market 2024

Refined Rapeseed Oil Market Size in MERCOSUR

The MERCOSUR refined rapeseed oil market expanded slightly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2020 when the market value increased by X%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Refined Rapeseed Oil Production in MERCOSUR

In value terms, refined rapeseed oil production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable setback. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Refined Rapeseed Oil Exports

Exports in MERCOSUR

In 2022, overseas shipments of refined rape, colza or mustard oil decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate measured growth. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, refined rapeseed oil exports soared to $X in 2022. In general, exports, however, saw a notable expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Brazil (X tons) and Chile (X tons) were the main exporters of refined rape, colza or mustard oil in 2022, finishing at near X% and X% of total exports, respectively. Uruguay (X tons) ranks next in terms of the total exports with an X% share, followed by Argentina (X%). Colombia (X tons) held a minor share of total exports.

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

In value terms, the largest refined rapeseed oil supplying countries in MERCOSUR were Chile ($X), Brazil ($X) and Uruguay ($X), with a combined X% share of total exports. Argentina and Colombia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Colombia, with a CAGR of X%, recorded 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

The export price in MERCOSUR stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price continues to indicate mild growth. 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 Chile ($X per ton) and Uruguay ($X per ton), while Argentina ($X per ton) and Brazil ($X per ton) were amongst the lowest.

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

Refined Rapeseed Oil Imports

Imports in MERCOSUR

In 2022, supplies from abroad of refined rape, colza or mustard oil decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped notably in the following year.

In value terms, refined rapeseed oil imports reached $X in 2022. Total imports indicated a noticeable 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, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, Argentina (X tons), Chile (X tons), Brazil (X tons), Colombia (X tons) and Peru (X tons) was the key importer of refined rape, colza or mustard oil in MERCOSUR, creating X% of total import. Ecuador (X tons) and Uruguay (X tons) followed a long way behind the leaders.

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

In value terms, the largest refined rapeseed oil importing markets in MERCOSUR were Argentina ($X), Chile ($X) and Brazil ($X), together comprising X% of total imports.

Chile, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 MERCOSUR stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated a measured 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 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Uruguay ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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