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Australia - Refined Rape, Colza Or Mustard Oil - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2025

Australia - Refined Rape, Colza Or Mustard Oil - Market Analysis, Forecast, Size, Trends And Insights

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Nov 9, 2024

In Australia, the Price of Refined Rapeseed Oil Experiences a Slight Dip, Settling at $1,210 per Ton.

Australia Refined Rapeseed Oil Export Price in July 2024

In July 2024, the refined rapeseed oil price stood at $1,210 per ton, therefore (FOB, Australia), remained relatively stable against the previous month. In general, the export price continues to indicate a mild downturn. The growth pace was the most rapid in May 2024 an increase of 9.2% month-to-month. Over the period under review, the average export prices hit record highs at $1,295 per ton in December 2023; however, from January 2024 to July 2024, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was China ($1,790 per ton), while the average price for exports to Indonesia ($1,094 per ton) was amongst the lowest.

From December 2023 to July 2024, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.

Australia Refined Rapeseed Oil Export Prices By Country (USD Per Ton)
COUNTRYExport Price of Refined Rapeseed Oil in Australia (USD per ton)
Dec 2023Jan 2024Feb 2024Mar 2024Apr 2024May 2024Jun 2024Jul 2024
China3,1002,9031,8453,8622,9273,1333,0141,790
Vietnam1,0031,0139961,0588479639191,578
South Korea1,7891,0891,3411,1801,3211,3741,3801,328
Taiwan (Chinese)1,7251,7421,7021,2591,5131,8861,2021,232
New Zealand1,3931,2991,0791,1101,1301,1351,2491,180
United States1,0381,1071,6131,3961,1031,5331,1601,140
Indonesia1,2021,1881,1901,1091,1271,1151,1071,094
Average1,2951,1921,1831,2031,1551,2611,2281,210

Australia Refined Rapeseed Oil Exports

In December 2024, refined rapeseed oil exports from Australia amounted to 26K tons, picking up by 4.3% on November 2024 figures. Over the period under review, exports enjoyed strong growth. The growth pace was the most rapid in August 2024 with an increase of 323% m-o-m. Over the period under review, the exports attained the maximum in December 2024.

In value terms, refined rapeseed oil exports stood at $35M (IndexBox estimates) in December 2024. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in August 2024 with an increase of 379% month-to-month. The exports peaked in December 2024.

Australia Refined Rapeseed Oil Exports by Country

New Zealand (2.3K tons) was the main destination for refined rapeseed oil exports from Australia, with a 40% share of total exports. Moreover, refined rapeseed oil exports to New Zealand exceeded the volume sent to the second major destination, the United States (1.1K tons), twofold. Indonesia (743 tons) ranked third in terms of total exports with a 13% share.

From December 2023 to July 2024, the average monthly growth rate of volume to New Zealand stood at -6.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United States (+0.6% per month) and Indonesia (+13.7% per month).

In value terms, New Zealand ($2.7M) remains the key foreign market for refined rapeseed oil exports from Australia, comprising 39% of total exports. The second position in the ranking was held by the United States ($1.2M), with a 17% share of total exports. It was followed by Indonesia, with a 12% share.

From December 2023 to July 2024, the average monthly rate of growth in terms of value to New Zealand stood at -8.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United States (+2.0% per month) and Indonesia (+12.2% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the refined 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:

  • Prodcom 10415600 - Refined rape, colza or mustard oil and their fractions (excluding chemically modified)

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:

  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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Products: Market Size and Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports and Growth, By Type
    13. Products: Export Prices and Growth, By Type
    14. Production Volume and Growth
    15. Exports and Growth
    16. Export Prices and Growth
    17. Market Size and Growth
    18. Per Capita Consumption
    19. Imports and Growth
    20. Import Prices
    21. Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    22. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country, 2012–2024
    29. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    30. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country, 2012–2024

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