Australia - Refined Rape, Colza Or Mustard Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIn 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.
| COUNTRY | Export Price of Refined Rapeseed Oil in Australia (USD per ton) | |||||||
|---|---|---|---|---|---|---|---|---|
| Dec 2023 | Jan 2024 | Feb 2024 | Mar 2024 | Apr 2024 | May 2024 | Jun 2024 | Jul 2024 | |
| China | 3,100 | 2,903 | 1,845 | 3,862 | 2,927 | 3,133 | 3,014 | 1,790 |
| Vietnam | 1,003 | 1,013 | 996 | 1,058 | 847 | 963 | 919 | 1,578 |
| South Korea | 1,789 | 1,089 | 1,341 | 1,180 | 1,321 | 1,374 | 1,380 | 1,328 |
| Taiwan (Chinese) | 1,725 | 1,742 | 1,702 | 1,259 | 1,513 | 1,886 | 1,202 | 1,232 |
| New Zealand | 1,393 | 1,299 | 1,079 | 1,110 | 1,130 | 1,135 | 1,249 | 1,180 |
| United States | 1,038 | 1,107 | 1,613 | 1,396 | 1,103 | 1,533 | 1,160 | 1,140 |
| Indonesia | 1,202 | 1,188 | 1,190 | 1,109 | 1,127 | 1,115 | 1,107 | 1,094 |
| Average | 1,295 | 1,192 | 1,183 | 1,203 | 1,155 | 1,261 | 1,228 | 1,210 |
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).
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:
- 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
