Netherlands: Refined Rapeseed Oil Market 2024

Refined Rapeseed Oil Market Size in the Netherlands

In 2022, the Dutch refined rapeseed oil market decreased by -35% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a pronounced increase. Refined rapeseed oil consumption peaked at $X in 2021, and then reduced notably in the following year.

Refined Rapeseed Oil Production in the Netherlands

In value terms, refined rapeseed oil production contracted significantly to $X in 2022 estimated in export price. In general, production recorded a abrupt descent. The pace of growth was the most pronounced in 2013 when the production volume increased by 75% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Refined Rapeseed Oil Exports

Exports from the Netherlands

Refined rapeseed oil exports from the Netherlands rose slightly to X tons in 2022, surging by 4.3% compared with the previous year's figure. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, refined rapeseed oil exports skyrocketed to $X in 2022. In general, exports posted a mild increase. The pace of growth was the most pronounced in 2020 when exports increased by 50%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Belgium (X tons), Ireland (X tons) and the UK (X tons) were the main destinations of refined rapeseed oil exports from the Netherlands, with a combined 67% share of total exports. France, Germany, Spain and the United States lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +47.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for refined rapeseed oil exported from the Netherlands were Belgium ($X), Ireland ($X) and the UK ($X), together accounting for 64% of total exports. Germany, France, Spain and the United States lagged somewhat behind, together comprising a further 25%.

Among the main countries of destination, Spain, with a CAGR of +42.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average refined rapeseed oil export price stood at $X per ton in 2022, surging by 40% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 export price increased by +80.7% 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 destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($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 Germany (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Rapeseed Oil Imports

Imports into the Netherlands

In 2022, approx. X tons of refined rape, colza or mustard oil were imported into the Netherlands; dropping by -24.2% on 2021 figures. Overall, imports, however, saw a tangible expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 60%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, refined rapeseed oil imports dropped to $X in 2022. In general, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 67%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest refined rapeseed oil supplier to the Netherlands, accounting for a 73% share of total imports. Moreover, refined rapeseed oil imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The UK (X tons) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-6.1% per year) and the UK (+19.0% per year).

In value terms, Germany ($X) constituted the largest supplier of refined rape, colza or mustard oil to the Netherlands, comprising 76% of total imports. The second position in the ranking was taken by Belgium ($X), with a 17% share of total imports. It was followed by the UK, with a 2.1% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-5.3% per year) and the UK (+25.4% per year).

Import Prices by Country

In 2022, the average refined rapeseed oil import price amounted to $X per ton, picking up by 19% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 +83.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 48% against the previous year. Over the period under review, average import prices reached the maximum 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 highest price was recorded for prices from Sweden ($X per ton) and Germany ($X per ton), while the price for Belgium ($X per ton) and France ($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 UK (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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