Report Update Nov 1, 2024

Azerbaijan - Refined Rape, Colza or Mustard Oil - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Refined Rapeseed Oil Market 2024

Refined Rapeseed Oil Market Size in Azerbaijan

The Azerbaijani refined rapeseed oil market rose remarkably to $X in 2022, increasing by 8.9% against the previous year. Over the period under review, consumption, however, showed a abrupt setback. Refined rapeseed oil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Refined Rapeseed Oil Production in Azerbaijan

In value terms, refined rapeseed oil production expanded notably to $X in 2022 estimated in export price. In general, production, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 42%. Refined rapeseed oil production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Refined Rapeseed Oil Exports

Exports from Azerbaijan

In 2019, approx. X kg of refined rape, colza or mustard oil were exported from Azerbaijan; leveling off at the previous year's figure. Overall, exports continue to indicate a dramatic curtailment. The smallest decline of 99.9% was in 2018. The exports peaked at X kg in 2017; however, from 2018 to 2019, the exports remained at a lower figure.

In value terms, refined rapeseed oil exports stood at $X in 2019. In general, exports faced a sharp contraction. The smallest decline of 99.9% was in 2018. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2019, the exports failed to regain momentum.

Exports by Country

Canada (X kg) was the main destination for refined rapeseed oil exports from Azerbaijan, accounting for a approx. 100% share of total exports.

From 2017 to 2019, the average annual growth rate of volume to Canada was relatively modest.

From 2017 to 2019, the average annual growth rate of value to Canada was relatively modest.

Export Prices by Country

In 2019, the average refined rapeseed oil export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price recorded a precipitous curtailment. The growth pace was the most rapid in 2018 a decrease of 99.9%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2019, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2017 to 2019, the rate of growth in terms of prices for the UK amounted to 0.0% per year.

Refined Rapeseed Oil Imports

Imports into Azerbaijan

In 2022, the amount of refined rape, colza or mustard oil imported into Azerbaijan soared to X tons, with an increase of 561% against the previous year. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 31,101%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, refined rapeseed oil imports skyrocketed to $X in 2022. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2014 with an increase of 15,859%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest refined rapeseed oil supplier to Azerbaijan, with a 65% share of total imports. Moreover, refined rapeseed oil imports from Russia exceeded the figures recorded by the second-largest supplier, Belarus (X tons), twofold.

From 2013 to 2022, the average annual growth rate of volume from Russia stood at +152.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+84.5% per year) and Turkey (+222.0% per year).

In value terms, Russia ($X) constituted the largest supplier of refined rape, colza or mustard oil to Azerbaijan, comprising 62% of total imports. The second position in the ranking was taken by Belarus ($X), with a 29% share of total imports.

From 2013 to 2022, the average annual rate of growth in terms of value from Russia stood at +143.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+86.1% per year) and Turkey (+174.5% per year).

Import Prices by Country

The average refined rapeseed oil import price stood at $X per ton in 2022, with an increase of 6.8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 29%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined rape, colza or mustard oil in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 34% of global consumption. Japan, Russia, Pakistan, Brazil, Indonesia, Nigeria, Bangladesh, Germany, Mexico and Poland lagged somewhat behind, together comprising a further 24%.

What are the largest producers of refined rape, colza or mustard oil in the world?

The country with the largest volume of refined rapeseed oil production was China, accounting for 17% of total volume. Moreover, refined rapeseed oil production in China exceeded the figures recorded by the second-largest producer, India, threefold. Canada ranked third in terms of total production with a 6.4% share.

What are the leading suppliers of refined rape, colza or mustard oil to Azerbaijan?

In value terms, Turkey constituted the largest supplier of refined rapeseed oil to Azerbaijan, comprising 86% of total imports. The second position in the ranking was occupied by Belarus, with an 8.6% share of total imports.

What is the average export price for refined rape, colza or mustard oil in Azerbaijan?

In 2017, the average refined rapeseed oil export price amounted to $2,879 per ton, stabilizing at the previous year.

What is the average import price for refined rape, colza or mustard oil in Azerbaijan?

The average refined rapeseed oil import price stood at $1,744 per ton in 2021, growing by 20% against the previous year.

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

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
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.

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