Brazil: Rapeseed Oil Market 2025

Rapeseed Oil Market Size in Brazil

The Brazilian rapeseed oil market reached $X in 2022, rising by 2.1% against the previous year. In general, consumption saw a relatively flat trend pattern. Rapeseed oil consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Rapeseed Oil Production in Brazil

In value terms, rapeseed oil production declined to $X in 2022 estimated in export price. In general, production, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2014 when the production volume increased by 23%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Rapeseed Oil Exports

Exports from Brazil

In 2022, the amount of rapeseed oil exported from Brazil skyrocketed to X tons, rising by 262% compared with the year before. In general, exports saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rapeseed oil exports skyrocketed to $X in 2022. Overall, exports continue to indicate a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X tons) was the main destination for rapeseed oil exports from Brazil, accounting for a 66% share of total exports. Moreover, rapeseed oil exports to Mexico exceeded the volume sent to the second major destination, Argentina (X tons), twofold. The third position in this ranking was taken by India (X tons), with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico totaled +314.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+9.7% per year) and India (+622.2% per year).

In value terms, Mexico ($X), Argentina ($X) and India ($X) constituted the largest markets for rapeseed oil exported from Brazil worldwide, together accounting for 96% of total exports.

In terms of the main countries of destination, India, with a CAGR of +489.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average rapeseed oil export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price saw a perceptible decline. The pace of growth was the most pronounced in 2017 when the average export price increased by 9.7% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Trinidad and Tobago ($X per ton), while the average price for exports to Mexico ($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 Guatemala (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.

Rapeseed Oil Imports

Imports into Brazil

In 2022, overseas purchases of rapeseed oil decreased by -34% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, enjoyed a moderate expansion. The pace of growth was the most pronounced in 2017 with an increase of 65%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, rapeseed oil imports shrank to $X in 2022. In general, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 83% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Paraguay (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of rapeseed oil imports to Brazil, with a combined 92% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +188.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rapeseed oil suppliers to Brazil were Paraguay ($X), Germany ($X) and Belgium ($X), with a combined 90% share of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +147.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average rapeseed oil import price amounted to $X per ton, with an increase of 47% against the previous year. Overall, the import price continues to indicate a measured increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 53% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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