Global Rapeseed Oil Market 2024

Rapeseed Oil Market Size

The global rapeseed oil market expanded significantly to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Global consumption peaked in 2022 and is likely to see gradual growth in the near future.

Rapeseed Oil Production

In value terms, rapeseed oil production expanded sharply to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. Over the period under review, global production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Rapeseed Oil Exports

Exports

In 2022, shipments abroad of rapeseed oil decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The global exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, rapeseed oil exports skyrocketed to $X in 2022. Overall, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Canada was the largest exporter of rapeseed oil in the world, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. Germany (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Russia (X%), France (X%), Belarus (X%), the Netherlands (X%) and the United Arab Emirates (X%). Belgium (X tons), the Czech Republic (X tons), Australia (X tons), Denmark (X tons) and Poland (X tons) followed a long way behind the leaders.

Canada experienced a relatively flat trend pattern with regard to volume of exports of rapeseed oil. At the same time, Belarus (X%), Russia (X%), France (X%), Australia (X%), Denmark (X%), the United Arab Emirates (X%), Germany (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. The Netherlands experienced a relatively flat trend pattern. By contrast, Poland (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, Belarus and France increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Canada amounted to X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and Russia (X% per year).

Export Prices by Country

In 2022, the average rapeseed oil export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price enjoyed notable growth. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Belarus ($X per ton) and Canada ($X per ton), while Russia ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

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

Rapeseed Oil Imports

Imports

In 2022, purchases abroad of rapeseed oil decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, rapeseed oil imports expanded markedly to $X in 2022. In general, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, the United States (X tons), distantly followed by China (X tons), the Netherlands (X tons), Belgium (X tons), Norway (X tons) and Germany (X tons) were the key importers of rapeseed oil, together constituting X% of total imports. The following importers - Poland (X tons), France (X tons), Sweden (X tons), Lithuania (X tons), South Korea (X tons), Spain (X tons) and Latvia (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to rapeseed oil imports into the United States stood at X%. At the same time, Spain (X%), Poland (X%), Lithuania (X%), Germany (X%), Latvia (X%), Belgium (X%), the Netherlands (X%), South Korea (X%) and Norway (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Sweden and China experienced a relatively flat trend pattern. By contrast, France (X%) illustrated a downward trend over the same period. The United States (X p.p.), the Netherlands (X p.p.), Poland (X p.p.), Belgium (X p.p.) and Germany (X p.p.) significantly strengthened its position in terms of the global imports, while China saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported rapeseed oil worldwide, comprising X% of global imports. The second position in the ranking was taken by China ($X), with a X% share of global imports. It was followed by the Netherlands, with an X% share.

In the United States, rapeseed oil imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average rapeseed oil import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, import price indicated notable 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 import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the United States ($X per ton) and South Korea ($X per ton), while Latvia ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :