South-Eastern Asia: Refined Rapeseed Oil Market 2024

Refined Rapeseed Oil Market Size in South-Eastern Asia

The Southeast Asian refined rapeseed oil market expanded markedly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, saw a noticeable downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Refined Rapeseed Oil Production in South-Eastern Asia

In value terms, refined rapeseed oil production expanded to $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Refined Rapeseed Oil Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of refined rape, colza or mustard oil decreased by X% to X tons, falling for the third year in a row after eight years of growth. Total exports indicated a remarkable 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. Based on 2022 figures, exports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, refined rapeseed oil exports skyrocketed to $X in 2022. In general, exports, however, posted strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Malaysia represented the major exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Singapore (X tons), creating a X% share of total exports.

Malaysia was also the fastest-growing in terms of the refined rape, colza or mustard oil exports, with a CAGR of X% from 2012 to 2022. Singapore experienced a relatively flat trend pattern. While the share of Malaysia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) remains the largest refined rapeseed oil supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports.

In Malaysia, refined rapeseed oil exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. Export price indicated a tangible 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. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%).

Refined Rapeseed Oil Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of refined rape, colza or mustard oil were finally on the rise to reach X tons after two years of decline. In general, imports saw buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, refined rapeseed oil imports soared to $X in 2022. Over the period under review, imports posted a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Philippines (X tons) and Malaysia (X tons) represented the largest importers of refined rape, colza or mustard oil in South-Eastern Asia, together recording near X% of total imports. Singapore (X tons) took the next position in the ranking, distantly followed by Indonesia (X tons). All these countries together held approx. X% share of total imports. The following importers - Vietnam (X tons) and Thailand (X tons) - together made up X% of total imports.

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

In value terms, the largest refined rapeseed oil importing markets in South-Eastern Asia were the Philippines ($X), Malaysia ($X) and Singapore ($X), with a combined X% share of total imports.

Among the main importing countries, the Philippines, with a CAGR of X%, 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 2022, the import price in South-Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Import 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, refined rapeseed oil import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked 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 Indonesia ($X per ton) and Thailand ($X per ton), while the Philippines ($X per ton) and Singapore ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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