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Singapore - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights
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Singapore: Rapeseed Oil Market Overview 2021

Rapeseed Oil Market Size in Singapore

The Singaporean rapeseed oil market reduced rapidly to $X in 2020, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2011; however, from 2012 to 2020, consumption stood at a somewhat lower figure.

Rapeseed Oil Exports

Exports from Singapore

In 2020, exports of rapeseed oil from Singapore expanded remarkably to X tonnes, with an increase of X% on 2019 figures. In general, total exports indicated a perceptible increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. from 2018 to 2020, the growth exports remained at a lower figure.

In value terms, rapeseed oil exports expanded slightly to $X in 2020. Over the period under review, exports showed buoyant growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. from 2018 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

The Philippines (X tonnes) was the main destination for rapeseed oil exports from Singapore, accounting for a X% share of total exports. Moreover, rapeseed oil exports to the Philippines exceeded the volume sent to the second major destination, Fiji (X tonnes), sevenfold. The third position in this ranking was occupied by Indonesia (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the Philippines stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+X% per year) and Indonesia (+X% per year).

In value terms, the Philippines ($X) remains the key foreign market for rapeseed oil exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Fiji ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the Philippines amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+X% per year) and Indonesia (+X% per year).

Export Prices by Country

The average rapeseed oil export price stood at $X per tonne in 2020, falling by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. Over the period under review, average export prices reached the maximum at $X per tonne in 2019, and then contracted in the following year.

Average prices varied noticeably for the major foreign markets. In 2020, the countries with the highest prices were Australia ($X per tonne) and Fiji ($X per tonne), while the average price for exports to Indonesia ($X per tonne) and Thailand ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Australia, while the prices for the other major destinations experienced more modest paces of growth.

Rapeseed Oil Imports

Imports into Singapore

In 2020, imports of rapeseed oil into Singapore shrank notably to X tonnes, declining by -X% on the previous year's figure. Overall, imports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tonnes in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

In value terms, rapeseed oil imports dropped to $X in 2020. Over the period under review, imports recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. Imports peaked at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tonnes), Malaysia (X tonnes) and Australia (X tonnes) were the main suppliers of rapeseed oil imports to Singapore, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in the United Arab Emirates, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Malaysia ($X) and Australia ($X) appeared to be the largest rapeseed oil suppliers to Singapore, with a combined X% share of total imports.

Among the main suppliers, the United Arab Emirates saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average rapeseed oil import price amounted to $X per tonne, increasing by X% against the previous year. Overall, the import price, however, showed a slight curtailment. Over the period under review, average import prices reached the peak figure at $X per tonne in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Australia ($X per tonne) and Germany ($X per tonne), while the price for Canada ($X per tonne) and Malaysia ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rapeseed oil in the world?
+
The countries with the highest volumes of rapeseed oil consumption in 2020 were China (5.1M tonnes), India (2.6M tonnes) and Germany (2.5M tonnes), with a combined 39% share of global consumption. These countries were followed by the U.S., France, Canada, Poland, Japan, Belgium, Mexico, the UK, Norway and the Netherlands, which together accounted for a further 44%.
What are the largest producers of rapeseed oil in the world?
+
The countries with the highest volumes of rapeseed oil production in 2020 were Canada (4.9M tonnes), China (3.5M tonnes) and Germany (3.3M tonnes), with a combined 44% share of global production. India, France, Poland, Japan, the UK, the U.S., Belgium, Russia and Mexico lagged somewhat behind, together comprising a further 39%.
What are the leading suppliers of rapeseed oil to Singapore?
+
In value terms, the United Arab Emirates ($7.4M), Malaysia ($3.8M) and Australia ($3.2M) appeared to be the largest rapeseed oil suppliers to Singapore, with a combined 89% share of total imports.
What are the leading importers of rapeseed oil from Singapore?
+
In value terms, the Philippines ($8.4M) remains the key foreign market for rapeseed oil exports from Singapore, comprising 73% of total exports. The second position in the ranking was occupied by Fiji ($1.2M), with a 10% share of total exports. It was followed by Indonesia, with a 5.3% share.
What is the average export price for rapeseed oil in Singapore?
+
The average rapeseed oil export price stood at $1,095 per tonne in 2020, waning by -8.7% against the previous year.
What is the average import price for rapeseed oil in Singapore?
+
In 2020, the average rapeseed oil import price amounted to $1,179 per tonne, rising by 24% against the previous year.

Product coverage:
• FCL 271 - Oil of Rapeseed or Canola oil

This report provides an in-depth analysis of the rapeseed oil market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Singapore

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Singapore
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020
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