Germany: Rapeseed Oil Market 2024

Rapeseed Oil Market Size in Germany

The German rapeseed oil market surged to $X in 2022, picking up by 51% against the previous year. In general, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +105.6% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Rapeseed Oil Production in Germany

In value terms, rapeseed oil production soared to $X in 2022 estimated in export price. Overall, the total production indicated a temperate expansion from 2012 to 2022: its value 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, production increased by +91.8% against 2017 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Rapeseed Oil Exports

Exports from Germany

After two years of growth, overseas shipments of rapeseed oil decreased by -21.3% to X tons in 2022. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 48% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell sharply in the following year.

In value terms, rapeseed oil exports totaled $X in 2022. Overall, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by 64%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

The Netherlands (X tons) was the main destination for rapeseed oil exports from Germany, with a 53% share of total exports. Moreover, rapeseed oil exports to the Netherlands exceeded the volume sent to the second major destination, Belgium (X tons), sixfold. Denmark (X tons) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-2.0% per year) and Denmark (+9.9% per year).

In value terms, the Netherlands ($X) remains the key foreign market for rapeseed oil exports from Germany, comprising 54% of total exports. The second position in the ranking was held by Belgium ($X), with a 7.8% share of total exports. It was followed by France, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+0.2% per year) and France (+8.8% per year).

Export Prices by Country

The average rapeseed oil export price stood at $X per ton in 2022, jumping by 31% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rapeseed oil export price increased by +80.5% against 2017 indices. The pace of growth was the most pronounced in 2021 an increase of 34% against the previous year. Over the period under review, the average export prices hit record highs 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 the UK ($X per ton) and Norway ($X per ton), while the average price for exports to Denmark ($X per ton) and Belgium ($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 the UK (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Rapeseed Oil Imports

Imports into Germany

In 2022, purchases abroad of rapeseed oil increased by 39% to X tons, rising for the fourth consecutive year after three years of decline. Over the period under review, total imports indicated prominent 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. Based on 2022 figures, imports increased by +93.3% against 2018 indices. The growth pace was the most rapid in 2014 when imports increased by 45%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, rapeseed oil imports skyrocketed to $X in 2022. Overall, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), Poland (X tons) and France (X tons) were the main suppliers of rapeseed oil imports to Germany, together comprising 52% of total imports. The Netherlands, Hungary, the Czech Republic, Austria and the UK lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +43.3%), 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 rapeseed oil suppliers to Germany, with a combined 51% share of total imports. The Netherlands, Austria, the Czech Republic, Hungary and the UK lagged somewhat behind, together accounting for a further 43%.

Hungary, with a CAGR of +46.1%, saw 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

In 2022, the average rapeseed oil import price amounted to $X per ton, surging by 20% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rapeseed oil import price increased by +68.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 34%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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