Indonesia: Refined Rapeseed Oil Market 2025

Refined Rapeseed Oil Market Size in Indonesia

The Indonesian refined rapeseed oil market expanded slightly to $X in 2022, with an increase of 3.8% against the previous year. In general, consumption, however, recorded a perceptible contraction. Refined rapeseed oil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Refined Rapeseed Oil Production in Indonesia

In value terms, refined rapeseed oil production expanded slightly to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 23% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Refined Rapeseed Oil Exports

Exports from Indonesia

After three years of growth, shipments abroad of refined rape, colza or mustard oil decreased by -31.4% to X tons in 2022. Overall, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by 994% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped notably in the following year.

In value terms, refined rapeseed oil exports shrank rapidly to $X in 2022. In general, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by 1,007% against the previous year. The exports peaked at $X in 2021, and then reduced notably in the following year.

Exports by Country

The Philippines (X tons) was the main destination for refined rapeseed oil exports from Indonesia, with a 99% share of total exports. It was followed by Mauritania (X tons), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the Philippines totaled +41.7%.

In value terms, the Philippines ($X) remains the key foreign market for refined rape, colza or mustard oil exports from Indonesia, comprising 98% of total exports. The second position in the ranking was taken by Mauritania ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the Philippines amounted to +29.6%.

Export Prices by Country

The average refined rapeseed oil export price stood at $X per ton in 2022, falling by -6.3% against the previous year. Over the period under review, the export price showed a pronounced slump. The pace of growth appeared the most rapid in 2020 when the average export price increased by 13%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Mauritania totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (-8.0%).

Refined Rapeseed Oil Imports

Imports into Indonesia

In 2022, purchases abroad of refined rape, colza or mustard oil decreased by -75.9% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports saw a abrupt decline. The pace of growth was the most pronounced in 2015 when imports increased by 55% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, refined rapeseed oil imports dropped markedly to $X in 2022. In general, imports showed a noticeable decrease. The pace of growth was the most pronounced in 2015 when imports increased by 32% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank markedly in the following year.

Imports by Country

Australia (X tons), Malaysia (X tons) and Singapore (X tons) were the main suppliers of refined rapeseed oil imports to Indonesia, with a combined 95% 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 Singapore (with a CAGR of +20.4%), while imports for the other leaders experienced a decline.

In value terms, the largest refined rapeseed oil suppliers to Indonesia were Australia ($X), Malaysia ($X) and Singapore ($X), together accounting for 93% of total imports.

Among the main suppliers, Singapore, with a CAGR of +28.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average refined rapeseed oil import price stood at $X per ton in 2022, increasing by 35% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 +95.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 43%. Over the period under review, average import prices hit record highs 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 Malaysia ($X per ton) and Germany ($X per ton), while the price for Australia ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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