Germany: Crude Rapeseed Oil Market 2024

Crude Rapeseed Oil Market Size in Germany

The German crude rapeseed oil market surged to $X in 2022, increasing by 30% against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 +102.5% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Crude Rapeseed Oil Production in Germany

In value terms, crude rapeseed oil production surged to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by 34%. Crude rapeseed oil production peaked in 2022 and is expected to retain growth in the near future.

Crude Rapeseed Oil Exports

Exports from Germany

In 2022, after two years of growth, there was significant decline in shipments abroad of crude rape, colza or mustard oil, when their volume decreased by -21.1% to X tons. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 71% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, crude rapeseed oil exports declined slightly to $X in 2022. Overall, exports, however, recorded pronounced growth. The growth pace was the most rapid in 2013 when exports increased by 64% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for crude rapeseed oil exports from Germany, with a 64% share of total exports. Moreover, crude rapeseed oil exports to the Netherlands exceeded the volume sent to the second major destination, Denmark (X tons), sixfold. The third position in this ranking was held by Norway (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+20.8% per year) and Norway (+5.9% per year).

In value terms, the Netherlands ($X) remains the key foreign market for crude rape, colza or mustard oil exports from Germany, comprising 63% of total exports. The second position in the ranking was taken by Norway ($X), with a 12% share of total exports. It was followed by Denmark, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+9.8% per year) and Denmark (+22.7% per year).

Export Prices by Country

In 2022, the average crude rapeseed oil export price amounted to $X per ton, jumping by 26% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 +72.1% against 2017 indices. The growth pace was the most rapid in 2021 when the average export price increased by 34%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to China ($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 the UK (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Rapeseed Oil Imports

Imports into Germany

In 2022, crude rapeseed oil imports into Germany skyrocketed to X tons, increasing by 81% against the year before. Overall, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

Imports by Country

Belgium (X tons), France (X tons) and Poland (X tons) were the main suppliers of crude rapeseed oil imports to Germany, with a combined 58% 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 +44.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), France ($X) and Poland ($X) were the largest crude rapeseed oil suppliers to Germany, together comprising 58% of total imports.

Belgium, with a CAGR of +47.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average crude rapeseed oil import price stood at $X per ton in 2022, picking up by 22% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 +73.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 38%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and the UK ($X per ton), while the price for Poland ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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