MERCOSUR: Rapeseed Oil Market 2025

Rapeseed Oil Market Size in MERCOSUR

The MERCOSUR rapeseed oil market rose modestly to $X in 2022, surging by 4.3% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +16.8% against 2018 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Rapeseed Oil Production in MERCOSUR

In value terms, rapeseed oil production reduced to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2015 when the production volume increased by 13% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Rapeseed Oil Exports

Exports in MERCOSUR

In 2022, rapeseed oil exports in MERCOSUR skyrocketed to X tons, with an increase of 54% against the previous year. In general, exports recorded temperate growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, rapeseed oil exports surged to $X in 2022. Over the period under review, exports recorded prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Paraguay (X tons) and Uruguay (X tons) dominates exports structure, together making up 87% of total exports. It was distantly followed by Brazil (X tons) and Chile (X tons), together mixing up a 9.8% share of total exports. Argentina (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Uruguay (with a CAGR of +32.9%), while the other leaders experienced more modest paces of growth.

In value terms, Paraguay ($X), Uruguay ($X) and Chile ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 92% share of total exports.

Uruguay, with a CAGR of +29.8%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, growing by 34% against the previous year. Export price indicated a pronounced 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, rapeseed oil export price increased by +103.5% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+7.2%), while the other leaders experienced mixed trends in the export price figures.

Rapeseed Oil Imports

Imports in MERCOSUR

In 2022, approx. X tons of rapeseed oil were imported in MERCOSUR; shrinking by -10.6% on 2021. Over the period under review, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 81%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, rapeseed oil imports rose sharply to $X in 2022. Overall, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 82%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Chile was the major importer of rapeseed oil in MERCOSUR, with the volume of imports resulting at X tons, which was near 69% of total imports in 2022. Colombia (X tons) took the second position in the ranking, distantly followed by Brazil (X tons). All these countries together held near 27% share of total imports. Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to rapeseed oil imports into Chile stood at +7.6%. At the same time, Colombia (+7.7%) and Brazil (+4.9%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +7.7% from 2012-2022. Argentina experienced a relatively flat trend pattern. While the share of Chile (+9.7 p.p.) and Colombia (+2.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported rapeseed oil in MERCOSUR, comprising 74% of total imports. The second position in the ranking was held by Colombia ($X), with an 11% share of total imports. It was followed by Brazil, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Chile amounted to +11.5%. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (+5.5% per year) and Brazil (+9.6% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, picking up by 21% against the previous year. Over the period under review, the import price showed a measured increase. The most prominent rate of growth was recorded in 2021 an increase of 70%. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform