Asia-Pacific: Crude Rapeseed Oil Market 2025

Crude Rapeseed Oil Market Size in Asia-Pacific

The Asia-Pacific crude rapeseed oil market fell to $X in 2022, waning by -8.8% against the previous year. Over the period under review, consumption recorded a perceptible shrinkage. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Crude Rapeseed Oil Production in Asia-Pacific

In value terms, crude rapeseed oil production expanded to $X in 2022 estimated in export price. Overall, production showed a perceptible downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by 71%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Crude Rapeseed Oil Exports

Exports in Asia-Pacific

In 2022, approx. X tons of crude rape, colza or mustard oil were exported in Asia-Pacific; growing by 9.4% compared with 2021 figures. Overall, exports showed a mild increase. The growth pace was the most rapid in 2019 when exports increased by 1,165% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, crude rapeseed oil exports soared to $X in 2022. Over the period under review, exports saw a prominent increase. The pace of growth appeared the most rapid in 2019 when exports increased by 855%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Australia prevails in exports structure, amounting to X tons, which was approx. 82% of total exports in 2022. It was distantly followed by Japan (X tons), creating a 5.4% share of total exports. India (X tons), Pakistan (X tons) and Bangladesh (X tons) held a relatively small share of total exports.

Exports from Australia increased at an average annual rate of +1.5% from 2012 to 2022. At the same time, Pakistan (+156.0%), Bangladesh (+39.3%), Japan (+19.2%) and India (+10.0%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +156.0% from 2012-2022. From 2012 to 2022, the share of Japan, Pakistan, Bangladesh and India increased by +4.3, +3.6, +2.8 and +2.1 percentage points, respectively.

In value terms, Australia ($X) remains the largest crude rapeseed oil supplier in Asia-Pacific, comprising 82% of total exports. The second position in the ranking was taken by India ($X), with a 6.1% share of total exports. It was followed by Japan, with a 4.9% share.

In Australia, crude rapeseed oil exports increased at an average annual rate of +5.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (+16.9% per year) and Japan (+22.3% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, rising by 39% against the previous year. Overall, the export price saw measured growth. 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 origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.3%), while the other leaders experienced more modest paces of growth.

Crude Rapeseed Oil Imports

Imports in Asia-Pacific

In 2022, after five years of growth, there was significant decline in overseas purchases of crude rape, colza or mustard oil, when their volume decreased by -45.4% to X tons. In general, imports showed a slight descent. The most prominent rate of growth was recorded in 2018 when imports increased by 27% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined rapidly in the following year.

In value terms, crude rapeseed oil imports shrank dramatically to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 43%. As a result, imports reached the peak of $X, and then dropped sharply in the following year.

Imports by Country

China was the major importer of crude rape, colza or mustard oil in Asia-Pacific, with the volume of imports amounting to X tons, which was near 83% of total imports in 2022. It was distantly followed by South Korea (X tons), creating an 11% share of total imports. The following importers - Taiwan (Chinese) (X tons) and Japan (X tons) - each resulted at a 3.8% share of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of crude rape, colza or mustard oil. At the same time, South Korea (+3.9%) and Japan (+2.5%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +3.9% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. While the share of South Korea (+4.1 p.p.) and China (+2.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported crude rape, colza or mustard oil in Asia-Pacific, comprising 81% of total imports. The second position in the ranking was held by South Korea ($X), with a 12% share of total imports. It was followed by Taiwan (Chinese), with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +1.1%. In the other countries, the average annual rates were as follows: South Korea (+7.0% per year) and Taiwan (Chinese) (+3.4% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, jumping by 39% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 +94.0% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in South Korea ($X per ton) and Japan ($X per ton), while China ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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