Macedonia: Rapeseed Oil Market 2020

Rapeseed Oil Market Size in Macedonia

The revenue of the rapeseed oil market in Macedonia amounted to $X in 2018, lowering 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). Over the period under review, rapeseed oil consumption continues to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. In that year, the rapeseed oil market reached its peak level of $X, and then declined slightly in the following year.

Rapeseed Oil Exports

Exports from Macedonia

Rapeseed oil exports from Macedonia stood at X kg in 2018, remaining relatively unchanged against the previous year. Over the period under review, rapeseed oil exports, however, continue to indicate extraordinary growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. In that year, rapeseed oil exports reached their peak of X kg, leveling off in the following year.

In value terms, rapeseed oil exports totaled $X in 2018. In general, rapeseed oil exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2017 when exports increased by X% y-o-y. In that year, rapeseed oil exports reached their peak of $X, and then declined slightly in the following year.

Exports by Country

Canada was the largest exporter of rapeseed oil exported in the world, with the volume of exports reaching X tons, which was approx. X% of total exports in 2018. It was distantly followed by Germany (X tons), Russia (X tons), Belgium (X tons) and the Czech Republic (X tons), together achieving a X% share of total exports. The United Arab Emirates (X tons), the Netherlands (X tons), France (X tons), Australia (X tons), Denmark (X tons), Ukraine (X tons) and the UK (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to rapeseed oil exports from Canada stood at +X%. At the same time, Russia (+X%), Ukraine (+X%), the Czech Republic (+X%), Germany (+X%), Australia (+X%), the United Arab Emirates (+X%), Belgium (+X%) and Denmark (+X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2018. By contrast, France (-X%), the Netherlands (-X%) and the UK (-X%) illustrated a downward trend over the same period. Canada (+X p.p.), Germany (+X p.p.), Russia (+X p.p.), the Czech Republic (+X p.p.), Belgium (+X p.p.), the United Arab Emirates (+X p.p.) and Ukraine (+X p.p.) significantly strengthened its position in terms of the global exports, while the Netherlands and the UK saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) remains the largest rapeseed oil supplier from Macedonia, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by Belgium, with a X% share.

In Canada, rapeseed oil exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Germany (+X% per year) and Belgium (+X% per year).

Export Prices by Country

The rapeseed oil export price in Macedonia stood at $X per ton in 2018, shrinking by -X% against the previous year. In general, the rapeseed oil export price continues to indicate a moderate descent. The pace of growth appeared the most rapid in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices for rapeseed oil attained their peak figure at $X per ton in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in France ($X per ton) and the UK ($X per ton), while Russia ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the UK, while the other leaders experienced more modest paces of growth.

Rapeseed Oil Imports

Imports into Macedonia

Rapeseed oil imports into Macedonia stood at X tons in 2018, increasing by X% against the previous year. Overall, rapeseed oil imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. Over the period under review, rapeseed oil imports attained their peak figure in 2018 and are likely to continue its growth in the immediate term.

In value terms, rapeseed oil imports amounted to $X in 2018. Over the period under review, rapeseed oil imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2017 when imports increased by X% y-o-y. In that year, rapeseed oil imports reached their peak of $X, and then declined slightly in the following year.

Imports by Country

The U.S. represented the key importer of rapeseed oil imported in the world, with the volume of imports finishing at X tons, which was near X% of total imports in 2018. It was distantly followed by China (X tons), the Netherlands (X tons), Norway (X tons) and Belgium (X tons), together generating a X% share of total imports. The following importers - Germany (X tons), India (X tons), Sweden (X tons), Poland (X tons), France (X tons), South Korea (X tons) and Chile (X tons) - together made up X% of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Poland (+X%), India (+X%), Chile (+X%), Sweden (+X%), South Korea (+X%), Norway (+X%), the Netherlands (+X%), China (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2018. By contrast, France (-X%) and Germany (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), China (+X p.p.), the Netherlands (+X p.p.), Norway (+X p.p.), India (+X p.p.), Sweden (+X p.p.), Poland (+X p.p.) and South Korea (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Germany (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported rapeseed oil into Macedonia, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: China (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2018, the rapeseed oil import price in Macedonia amounted to $X per ton, lowering by -X% against the previous year. Overall, the rapeseed oil import price continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2011 when the import price increased by X% y-o-y. Over the period under review, the import prices for rapeseed oil reached their maximum at $X per ton in 2013; however, from 2014 to 2018, import prices failed to regain their momentum.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in France ($X per ton) and Germany ($X per ton), while India ($X per ton) and China ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform