Argentina: Crude Rapeseed Oil Market 2025

Crude Rapeseed Oil Market Size in Argentina

The Argentinian crude rapeseed oil market amounted to $X in 2022, picking up by 3.6% against the previous year. Overall, consumption, however, recorded a perceptible downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Crude Rapeseed Oil Production in Argentina

In value terms, crude rapeseed oil production declined notably to $X in 2022 estimated in export price. Over the period under review, production faced a precipitous shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by 246%. Crude rapeseed oil production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Crude Rapeseed Oil Exports

Exports from Argentina

For the tenth consecutive year, Argentina recorded decline in shipments abroad of crude rape, colza or mustard oil, which decreased by -53.2% to X tons in 2022. Overall, exports continue to indicate a dramatic decline. The smallest decline of -0.7% was in 2015. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude rapeseed oil exports declined dramatically to $X in 2022. In general, exports showed a sharp decline. The smallest decline of -10.6% was in 2015. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons) was the main destination for crude rapeseed oil exports from Argentina, with a 86% share of total exports. Moreover, crude rapeseed oil exports to Brazil exceeded the volume sent to the second major destination, the United States (X tons), tenfold. The third position in this ranking was taken by Chile (X tons), with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil totaled -24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-25.5% per year) and Chile (+62.7% per year).

In value terms, Brazil ($X) remains the key foreign market for crude rape, colza or mustard oil exports from Argentina, comprising 81% of total exports. The second position in the ranking was held by the United States ($X), with an 11% share of total exports. It was followed by Chile, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil amounted to -23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-25.0% per year) and Chile (+46.6% per year).

Export Prices by Country

In 2022, the average crude rapeseed oil export price amounted to $X per ton, growing by 36% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude rapeseed oil export price increased by +56.8% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Rapeseed Oil Imports

Imports into Argentina

After two years of growth, supplies from abroad of crude rape, colza or mustard oil decreased by -3% to X tons in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 2,333% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, crude rapeseed oil imports reduced to $X in 2022. Over the period under review, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 1,523% against the previous year. Imports peaked at $X in 2021, and then declined modestly in the following year.

Imports by Country

In 2022, Paraguay (X tons) constituted the largest supplier of crude rapeseed oil to Argentina, accounting for a 70% share of total imports. Moreover, crude rapeseed oil imports from Paraguay exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Paraguay amounted to +19.6%.

In value terms, Paraguay ($X) constituted the largest supplier of crude rape, colza or mustard oil to Argentina, comprising 80% of total imports. The second position in the ranking was taken by the UK ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Paraguay amounted to +24.0%.

Import Prices by Country

The average crude rapeseed oil import price stood at $X per ton in 2022, increasing by 2.8% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude rapeseed oil import price increased by +58.0% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 54% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Paraguay ($X per ton), while the price for the UK stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+3.6%).

Source: IndexBox Platform

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