Report Update Nov 1, 2024

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

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Ecuador: Refined Rapeseed Oil Market 2024

Refined Rapeseed Oil Market Size in Ecuador

The Ecuadorian refined rapeseed oil market was estimated at $X in 2022, surging by 6.2% against the previous year. In general, consumption, however, showed a slight slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Refined Rapeseed Oil Production in Ecuador

In value terms, refined rapeseed oil production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible setback. The pace of growth appeared the most rapid in 2013 with an increase of 33% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Refined Rapeseed Oil Exports

Exports from Ecuador

In 2022, overseas shipments of refined rape, colza or mustard oil increased by 102% to X tons, rising for the fourth consecutive year after five years of decline. In general, exports, however, saw a pronounced setback. The pace of growth appeared the most rapid in 2019 with an increase of 239% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, refined rapeseed oil exports soared to $X in 2022. Overall, exports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2019 with an increase of 233%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for refined rapeseed oil exports from Ecuador, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia totaled -2.4%.

In value terms, Colombia ($X) also remains the key foreign market for refined rape, colza or mustard oil exports from Ecuador.

From 2012 to 2022, the average annual growth rate of value to Colombia amounted to -4.6%.

Export Prices by Country

In 2022, the average refined rapeseed oil export price amounted to $X per ton, waning by -2.2% against the previous year. In general, the export price showed a perceptible reduction. The pace of growth was the most pronounced in 2013 an increase of 21%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to -2.2% per year.

Refined Rapeseed Oil Imports

Imports into Ecuador

In 2022, refined rapeseed oil imports into Ecuador fell to X tons, reducing by -5.5% compared with the previous year. Over the period under review, imports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 115%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, refined rapeseed oil imports rose significantly to $X in 2022. Overall, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2015 with an increase of 88% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest refined rapeseed oil supplier to Ecuador, accounting for a 69% share of total imports. Moreover, refined rapeseed oil imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Canada (X tons), fivefold. The third position in this ranking was taken by the United States (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at +30.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-15.5% per year) and the United States (+3.3% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of refined rape, colza or mustard oil to Ecuador, comprising 69% of total imports. The second position in the ranking was taken by the United States ($X), with a 20% share of total imports. It was followed by Canada, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at +21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.3% per year) and Canada (-24.7% per year).

Import Prices by Country

In 2022, the average refined rapeseed oil import price amounted to $X per ton, growing by 17% against the previous year. Over the period under review, the import price, however, showed a abrupt setback. The pace of growth was the most pronounced in 2017 when the average import price increased by 28%. The import price peaked at $X per ton in 2012; however, from 2013 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 the United States ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-6.6%), 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, with a combined 34% share of global consumption. These countries were followed by Japan, Russia, Pakistan, Brazil, Indonesia, Nigeria, Bangladesh, Germany, Mexico and Poland, which together accounted for a further 24%.

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

China constituted the country with the largest volume of refined rapeseed oil production, 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 Ecuador?

In value terms, Belgium constituted the largest supplier of refined rapeseed oil to Ecuador, comprising 53% of total imports. The second position in the ranking was occupied by the United States, with a 15% share of total imports. It was followed by the Netherlands, with a 12% share.

What are the leading importers of refined rape, colza or mustard oil from Ecuador?

In value terms, Colombia remains the key foreign market for refined rapeseed oil exports from Ecuador.

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

The average refined rapeseed oil export price stood at $3,901 per ton in 2021, picking up by 7.4% against the previous year.

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

In 2021, the average refined rapeseed oil import price amounted to $1,000 per ton, dropping by -19.9% against the previous year.

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

Ecuador

Data coverage:

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

Reasons to buy this report:

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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
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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