Report Update Nov 1, 2024

Portugal - Crude Rape, Colza or Mustard Oil - Market Analysis, Forecast, Size, Trends and Insights

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Portugal: Crude Rapeseed Oil Market 2024

Crude Rapeseed Oil Market Size in Portugal

In 2022, the Portuguese crude rapeseed oil market decreased by -18.4% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption showed a noticeable contraction. Crude rapeseed oil consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Crude Rapeseed Oil Production in Portugal

In value terms, crude rapeseed oil production declined rapidly to $X in 2022 estimated in export price. Overall, production saw modest growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 127%. Over the period under review, production attained the maximum level at $X in 2021, and then shrank significantly in the following year.

Crude Rapeseed Oil Exports

Exports from Portugal

In 2022, the amount of crude rape, colza or mustard oil exported from Portugal reduced dramatically to X kg, dropping by -99.8% against 2021. In general, exports faced a dramatic descent. The smallest decline of -88.8% was in 2013. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude rapeseed oil exports contracted sharply to $X in 2022. Over the period under review, exports continue to indicate a sharp slump. The smallest decline of -90.2% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Senegal (X kg) was the main destination for crude rapeseed oil exports from Portugal, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Senegal was relatively modest.

In value terms, Senegal ($X) emerged as the key foreign market for crude rape, colza or mustard oil exports from Portugal.

From 2012 to 2022, the average annual rate of growth in terms of value to Senegal was relatively modest.

Export Prices by Country

The average crude rapeseed oil export price stood at $X per ton in 2022, with an increase of 286% against the previous year. Over the period under review, the export price recorded a prominent increase. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Senegal.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +4.1% per year.

Crude Rapeseed Oil Imports

Imports into Portugal

In 2022, supplies from abroad of crude rape, colza or mustard oil decreased by -43.7% to X tons, falling for the third year in a row after two years of growth. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 68% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, crude rapeseed oil imports fell significantly to $X in 2022. Over the period under review, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of 56% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest crude rapeseed oil supplier to Portugal, with a 68% share of total imports. Moreover, crude rapeseed oil imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-8.0% per year) and France (-74.6% per year).

In value terms, Spain ($X), the Netherlands ($X) and France ($X) were the largest crude rapeseed oil suppliers to Portugal, with a combined 100% share of total imports.

Spain, with a CAGR of +3.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average crude rapeseed oil import price amounted to $X per ton, rising by 39% against the previous year. Over the period under review, the import price recorded a noticeable expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 43%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude rape, colza or mustard oil in the world?

The countries with the highest volumes of in 2021 were China, Canada and Germany, with a combined 43% share of global consumption. India, Poland, France, the United States, Japan, Belgium, the UK, Mexico, Pakistan and the Czech Republic lagged somewhat behind, together comprising a further 42%.

What are the largest producers of crude rape, colza or mustard oil in the world?

The countries with the highest volumes of in 2021 were Canada, Germany and China, together accounting for 43% of global production. These countries were followed by India, France, Poland, Japan, the United States, the UK, Belgium, Russia, Mexico and the Czech Republic, which together accounted for a further 42%.

What are the leading suppliers of crude rape, colza or mustard oil to Portugal?

In value terms, the Netherlands, Spain and Belgium were the largest crude rapeseed oil suppliers to Portugal, together comprising 100% of total imports.

What is the average export price for crude rape, colza or mustard oil in Portugal?

In 2021, the average crude rapeseed oil export price amounted to $1,009 per ton, remaining constant against the previous year.

What is the average import price for crude rape, colza or mustard oil in Portugal?

The average crude rapeseed oil import price stood at $1,349 per ton in 2021, jumping by 43% against the previous year.

This report provides an in-depth analysis of the crude rapeseed oil market in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 271 - Oil of Rapeseed or Canola oil

Country coverage:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023