Finland: Refined Rapeseed Oil Market 2025

Refined Rapeseed Oil Market Size in Finland

In 2022, after two years of growth, there was significant decline in the Finnish refined rapeseed oil market, when its value decreased by -7.2% to $X. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +18.8% against 2014 indices. Refined rapeseed oil consumption peaked at $X in 2021, and then declined in the following year.

Refined Rapeseed Oil Production in Finland

In value terms, refined rapeseed oil production contracted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by 28% against the previous year. As a result, production reached the peak level of $X, and then declined in the following year.

Refined Rapeseed Oil Exports

Exports from Finland

In 2022, overseas shipments of refined rape, colza or mustard oil increased by 618% to X tons, rising for the third year in a row after three years of decline. Overall, exports, however, recorded a sharp reduction. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, refined rapeseed oil exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a significant decline. 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

Germany (X tons) was the main destination for refined rapeseed oil exports from Finland, with a 61% share of total exports. Moreover, refined rapeseed oil exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), fivefold. Sweden (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +43.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (0.0% per year) and Sweden (-42.4% per year).

In value terms, Germany ($X) emerged as the key foreign market for refined rape, colza or mustard oil exports from Finland, comprising 63% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 13% share of total exports. It was followed by Belgium, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +60.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+1,575.7% per year) and Belgium (0.0% per year).

Export Prices by Country

The average refined rapeseed oil export price stood at $X per ton in 2022, falling by -15.2% against the previous year. In general, the export price, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2018 an increase of 59% against the previous year. The export price peaked at $X per ton in 2021, and then dropped rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Portugal ($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 Saudi Arabia (+71.3%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Rapeseed Oil Imports

Imports into Finland

In 2022, imports of refined rape, colza or mustard oil into Finland was estimated at X tons, picking up by 10% compared with the previous year. Overall, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by 69% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, refined rapeseed oil imports soared to $X in 2022. In general, imports enjoyed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Estonia (X tons) constituted the largest refined rapeseed oil supplier to Finland, accounting for a 68% share of total imports. Moreover, refined rapeseed oil imports from Estonia exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. The third position in this ranking was held by Poland (X tons), with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Estonia stood at +43.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.3% per year) and Poland (+71.4% per year).

In value terms, Estonia ($X) constituted the largest supplier of refined rape, colza or mustard oil to Finland, comprising 69% of total imports. The second position in the ranking was held by Germany ($X), with an 8.6% share of total imports. It was followed by Poland, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from Estonia stood at +46.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.0% per year) and Poland (+59.9% per year).

Import Prices by Country

In 2022, the average refined rapeseed oil import price amounted to $X per ton, surging by 36% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined rapeseed oil import price increased by +91.3% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the UK ($X per ton) and the Netherlands ($X per ton), while the price for Belgium ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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