Mexico: Crude Rapeseed Oil Market 2025

Crude Rapeseed Oil Market Size in Mexico

The Mexican crude rapeseed oil market dropped modestly to $X in 2022, which is down by -4.9% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Crude Rapeseed Oil Production in Mexico

In value terms, crude rapeseed oil production contracted 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 +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -16.9% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 39% against the previous year. Crude rapeseed oil production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Crude Rapeseed Oil Exports

Exports from Mexico

In 2022, overseas shipments of crude rape, colza or mustard oil increased by 0.4% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 1,040% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude rapeseed oil exports skyrocketed to $X in 2022. In general, exports enjoyed a modest increase. The pace of growth appeared the most rapid in 2020 when exports increased by 107%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X kg), Costa Rica (X kg) and the Dominican Republic (X kg) were the main destinations of crude rapeseed oil exports from Mexico, together comprising 96% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +4.0%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) emerged as the key foreign market for crude rape, colza or mustard oil exports from Mexico, comprising 75% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a 16% share of total exports. It was followed by Australia, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +33.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+14.8% per year) and Australia (-17.9% per year).

Export Prices by Country

The average crude rapeseed oil export price stood at $X per ton in 2022, picking up by 80% against the previous year. Over the period under review, the export price saw a significant increase. The pace of growth appeared the most rapid in 2014 an increase of 1,210%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Costa Rica ($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 United States (+28.2%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Rapeseed Oil Imports

Imports into Mexico

In 2022, approx. X tons of crude rape, colza or mustard oil were imported into Mexico; dropping by -14.5% compared with 2021. Over the period under review, imports faced a precipitous decrease. The growth pace was the most rapid in 2017 when imports increased by 328% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, crude rapeseed oil imports reduced to $X in 2022. Overall, imports recorded a significant contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 232%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of crude rapeseed oil to Mexico, accounting for a 78% share of total imports. Moreover, crude rapeseed oil imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled -24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-28.8% per year) and Brazil (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of crude rape, colza or mustard oil to Mexico, comprising 80% of total imports. The second position in the ranking was taken by Canada ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at -24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-30.0% per year) and Brazil (0.0% per year).

Import Prices by Country

In 2022, the average crude rapeseed oil import price amounted to $X per ton, with an increase of 4% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 55%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.2%).

Source: IndexBox Platform

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