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China - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights

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Rapeseed Oil Prices in China

China Rapeseed Oil Import Price in August 2022

In August 2022, the rapeseed oil price stood at $1,688 per ton (CIF, China), waning by -4.2% against the previous month. Over the last seven-month period, it increased at an average monthly rate of +3.2%. The pace of growth appeared the most rapid in February 2022 an increase of 12% m-o-m. The import price peaked at $1,763 per ton in July 2022, and then fell modestly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Canada ($3,079 per ton), while the price for Kazakhstan ($1,439 per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+159.6%), while the prices for the other major suppliers experienced more modest paces of growth.

China Rapeseed Oil Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was vegetable oils; excluding low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified ($13.8 per kg), while the price for vegetable oils; low erucic acid rape or colza oil and its fractions, crude ($1,677 per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified (+9.2%), while the prices for the other products experienced more modest paces of growth.

China Rapeseed Oil Imports

For the third month in a row, China recorded decline in supplies from abroad of rapeseed oil, which decreased by -19.8% to 54K tons in August 2022. In general, imports continue to indicate a deep slump. The pace of growth was the most pronounced in May 2022 when imports increased by 61% m-o-m. Over the period under review, imports reached the maximum at 122K tons in January 2022; however, from February 2022 to August 2022, imports remained at a lower figure.

In value terms, rapeseed oil imports declined notably to $91M (IndexBox estimates) in August 2022. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in May 2022 with an increase of 69% m-o-m. As a result, imports attained the peak of $202M. From June 2022 to August 2022, the growth of imports failed to regain momentum.

China Rapeseed Oil Imports by Type

In August 2022, vegetable oils; low erucic acid rape or colza oil and its fractions, crude (53K tons) was the main type of rapeseed oil supplied to China, with a 99% share of total imports. It was followed by vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified (603 tons), with a 1.1% share of total imports. The third position in this ranking was taken by vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude (3.1 tons), with less than 0.1% share.

From January 2022 to August 2022, the average monthly growth rate of the volume of import of vegetable oils; low erucic acid rape or colza oil and its fractions, crude totaled -10.8%. With regard to the other supplied products, the following average monthly rates of growth were recorded: vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified (-21.0% per month) and vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude (-21.4% per month).

In value terms, vegetable oils; low erucic acid rape or colza oil and its fractions, crude ($90M) constituted the largest type of rapeseed oil supplied to China, comprising 98% of total imports. The second position in the ranking was held by vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified ($1.6M), with a 1.8% share of total imports. It was followed by vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude, with less than 0.1% share.

China Rapeseed Oil Imports by Country

In August 2022, Russia (39K tons) constituted the largest rapeseed oil supplier to China, with a 72% share of total imports. Moreover, rapeseed oil imports from Russia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (11K tons), fourfold. Belarus (2.5K tons) ranked third in terms of total imports with a 4.7% share.

From January 2022 to August 2022, the average monthly growth rate of volume from Russia was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: the United Arab Emirates (-14.0% per month) and Belarus (-40.6% per month).

In value terms, Russia ($64M) constituted the largest supplier of rapeseed oil to China, comprising 70% of total imports. The second position in the ranking was held by the United Arab Emirates ($20M), with a 22% share of total imports. It was followed by Belarus, with a 4.3% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of value from Russia totaled +1.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: the United Arab Emirates (-8.6% per month) and Belarus (-41.6% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the rapeseed oil market in China. 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:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

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How to diversify your business and benefit from new market opportunities
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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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023