France: Crude Rapeseed Oil Market 2024

Crude Rapeseed Oil Market Size in France

In 2022, the French crude rapeseed oil market increased by 27% to $X, rising for the third consecutive year after six years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Crude Rapeseed Oil Production in France

In value terms, crude rapeseed oil production skyrocketed to $X in 2022 estimated in export price. Overall, production showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by 72% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in years to come.

Crude Rapeseed Oil Exports

Exports from France

In 2022, shipments abroad of crude rape, colza or mustard oil increased by 9.2% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 59%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, crude rapeseed oil exports soared to $X in 2022. In general, exports continue to indicate prominent growth. The growth pace was the most rapid in 2021 with an increase of 136% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Belgium (X tons) was the main destination for crude rapeseed oil exports from France, with a 49% share of total exports. Moreover, crude rapeseed oil exports to Belgium exceeded the volume sent to the second major destination, Spain (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium amounted to +21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+11.0% per year) and Germany (+6.3% per year).

In value terms, Belgium ($X) remains the key foreign market for crude rape, colza or mustard oil exports from France, comprising 51% of total exports. The second position in the ranking was held by Spain ($X), with a 15% share of total exports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Belgium amounted to +25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+15.3% per year) and Germany (+7.4% per year).

Export Prices by Country

The average crude rapeseed oil export price stood at $X per ton in 2022, surging by 26% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 export price increased by +102.7% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of 48% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and Chile ($X per ton), while the average price for exports to China ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+35.6%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Rapeseed Oil Imports

Imports into France

In 2022, the amount of crude rape, colza or mustard oil imported into France fell modestly to X tons, waning by -2.1% on the year before. In general, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 153% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, crude rapeseed oil imports soared to $X in 2022. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 133% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), the United Arab Emirates (X tons) and Belgium (X tons) were the main suppliers of crude rapeseed oil imports to France, with a combined 81% share of total imports. Germany, Romania and Italy lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +122.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest crude rapeseed oil suppliers to France were the Netherlands ($X), the United Arab Emirates ($X) and Belgium ($X), together comprising 77% of total imports. Germany, Romania and Italy lagged somewhat behind, together comprising a further 17%.

Among the main suppliers, Romania, with a CAGR of +111.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average crude rapeseed oil import price amounted to $X per ton, growing by 29% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 +101.2% against 2018 indices. The pace of growth appeared the most rapid in 2020 an increase of 41% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+31.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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