Report Update Nov 1, 2024

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

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Russian Federation: Crude Rapeseed Oil Market 2024

Crude Rapeseed Oil Market Size in the Russian Federation

The Russian crude rapeseed oil market expanded rapidly to $X in 2022, growing by 13% against the previous year. Overall, consumption saw a buoyant increase. Crude rapeseed oil consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Crude Rapeseed Oil Production in the Russian Federation

In value terms, crude rapeseed oil production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of 29%. Crude rapeseed oil production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Crude Rapeseed Oil Exports

Exports from the Russian Federation

In 2022, exports of crude rape, colza or mustard oil from Russia fell to X tons, declining by -7.4% on the previous year. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 61%. Over the period under review, the exports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, crude rapeseed oil exports dropped significantly to $X in 2022. Overall, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 69%. As a result, the exports attained the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Norway (X tons), China (X tons) and Latvia (X tons) were the main destinations of crude rapeseed oil exports from Russia, with a combined 78% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +131.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crude rapeseed oil exported from Russia were Norway ($X), China ($X) and Latvia ($X), together accounting for 79% of total exports.

China, with a CAGR of +131.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average crude rapeseed oil export price amounted to $X per ton, dropping by -14% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 44%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Latvia ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.2%), while the prices for the other major destinations experienced a decline.

Crude Rapeseed Oil Imports

Imports into the Russian Federation

In 2022, after two years of growth, there was significant decline in overseas purchases of crude rape, colza or mustard oil, when their volume decreased by -8.4% to X tons. In general, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 23,474% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, crude rapeseed oil imports contracted notably to $X in 2022. Over the period under review, imports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 15,898% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, Finland (X tons) constituted the largest crude rapeseed oil supplier to Russia, with a approx. 51% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Finland stood at +64.1%.

In value terms, Finland ($X) constituted the largest supplier of crude rape, colza or mustard oil to Russia.

From 2012 to 2022, the average annual rate of growth in terms of value from Finland stood at +58.0%.

Import Prices by Country

The average crude rapeseed oil import price stood at $X per ton in 2022, waning by -12.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 39%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Finland.

From 2012 to 2022, the rate of growth in terms of prices for Belarus amounted to +1.6% per year.

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, together comprising 43% of global consumption. These countries were followed by India, Poland, France, the United States, Japan, Belgium, the UK, Mexico, Pakistan and the Czech Republic, which together accounted for 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 comprising 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 the Russian Federation?

In value terms, Belarus constituted the largest supplier of crude rapeseed oil to Russia.

What are the leading importers of crude rape, colza or mustard oil from the Russian Federation?

In value terms, Norway, China and Latvia appeared to be the largest markets for crude rapeseed oil exported from Russia worldwide, with a combined 86% share of total exports.

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

In 2021, the average crude rapeseed oil export price amounted to $1,222 per ton, rising by 44% against the previous year.

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

In 2021, the average crude rapeseed oil import price amounted to $1,163 per ton, picking up by 39% against the previous year.

This report provides an in-depth analysis of the crude rapeseed oil market in the Russian Federation. 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:

Russia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Russian Federation
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