Australia - Crude Rape, Colza Or Mustard Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAustralia's Crude Rapeseed Oil Exports Plunge to $117 Million in 2023
Australia Crude Rapeseed Oil Exports
Crude rapeseed oil exports from Australia amounted to 100K tons in 2023, surging by 3.6% compared with the year before. Over the period under review, total exports indicated a modest increase from 2013 to 2023: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by +105.1% against 2018 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 73%. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in the near future.
In value terms, crude rapeseed oil exports shrank significantly to $117M (IndexBox estimates) in 2023. Overall, exports recorded a modest increase. The most prominent rate of growth was recorded in 2021 with an increase of 107%. The exports peaked at $161M in 2022, and then declined significantly in the following year.
| COUNTRY | Export Value of Crude Rapeseed Oil in Australia (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| South Korea | 34.0 | 30.7 | 7.4 | 1.3 | 2.8 | N/A | N/A | N/A | N/A | 23.8 | 37.0 |
| China | 23.8 | 22.7 | 23.3 | N/A | N/A | 0.2 | 0.1 | 0.1 | 0.1 | 6.0 | 30.2 |
| Taiwan (Chinese) | 0.3 | 3.7 | 0.4 | N/A | N/A | N/A | N/A | N/A | 0.3 | 23.9 | 23.8 |
| New Zealand | 1.5 | 0.2 | 0.1 | N/A | N/A | N/A | N/A | N/A | N/A | 14.0 | 16.7 |
| Malaysia | 32.8 | 11.4 | 8.4 | N/A | N/A | N/A | N/A | N/A | N/A | 15.6 | 5.2 |
| Vietnam | 1.3 | 2.2 | 1.2 | N/A | N/A | N/A | N/A | N/A | N/A | 3.1 | 2.1 |
| Japan | 5.9 | 3.0 | 4.9 | N/A | N/A | N/A | N/A | N/A | N/A | 1.8 | 1.5 |
| Others | 1.2 | 1.3 | 17.2 | 47.1 | 69.9 | 41.8 | 67.4 | 54.9 | 113 | 72.6 | 0.7 |
| Total | 101 | 75.3 | 62.8 | 48.4 | 72.7 | 42.0 | 67.5 | 55.0 | 114 | 161 | 117 |
Exports by Country
South Korea (35K tons), China (26K tons) and Taiwan (Chinese) (18K tons) were the main destinations of crude rapeseed oil exports from Australia, together comprising 79% of total exports.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +55.7%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for crude rapeseed oil exported from Australia were South Korea ($37M), China ($30M) and Taiwan (Chinese) ($24M), with a combined 78% share of total exports.
In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +56.9%, saw the highest rates of growth with regard to 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
In 2023, the crude rapeseed oil price stood at $1,175 per ton (FOB, Australia), falling by -29.6% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 37%. Over the period under review, the average export prices reached the maximum at $1,669 per ton in 2022, and then declined sharply in the following year.
Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the countries with the highest prices were New Zealand ($1,364 per ton) and Taiwan (Chinese) ($1,352 per ton), while the average price for exports to Malaysia ($951 per ton) and South Korea ($1,064 per ton) were amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the crude rapeseed oil market in Australia. 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 2030.
Product coverage:
- FCL 271 - Oil of Rapeseed or Canola oil
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
