Report Update Nov 1, 2024

Russian Federation - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Russian Federation: Rapeseed Oil Market 2024

Rapeseed Oil Market Size in the Russian Federation

In 2022, the Russian rapeseed oil market increased by 151% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption saw a prominent expansion. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Rapeseed Oil Production in the Russian Federation

In value terms, rapeseed oil production rose significantly to $X in 2022 estimated in export price. In general, production, however, showed strong growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 29%. Rapeseed oil production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Rapeseed Oil Exports

Exports from the Russian Federation

In 2022, after five years of growth, there was significant decline in overseas shipments of rapeseed oil, when their volume decreased by -7.3% to X tons. In general, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2018 when exports increased by 59%. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, rapeseed oil exports reduced sharply to $X in 2022. Overall, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. As a result, the exports reached the peak of $X, and then contracted notably in the following year.

Exports by Country

China (X tons), Norway (X tons) and Latvia (X tons) were the main destinations of 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 +136.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rapeseed oil exported from Russia were China ($X), Norway ($X) and Latvia ($X), with a combined 78% share of total exports.

China, with a CAGR of +135.8%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 rapeseed oil export price amounted to $X per ton, declining by -14.1% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 44% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

Average prices varied noticeably for the major foreign 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.

Rapeseed Oil Imports

Imports into the Russian Federation

In 2022, supplies from abroad of rapeseed oil decreased by -8.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, showed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 11,452% against the previous year. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, rapeseed oil imports shrank dramatically to $X in 2022. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 7,288% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

In 2022, Belarus (X tons) was the main supplier of rapeseed oil to Russia, accounting for a 99% share of total imports. It was followed by Finland (X tons), with a 0.2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Belarus amounted to +149.9%.

In value terms, Belarus ($X) constituted the largest supplier of rapeseed oil to Russia, comprising 99% of total imports. The second position in the ranking was taken by Finland ($X), with a 0.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Belarus totaled +147.1%.

Import Prices by Country

In 2022, the average rapeseed oil import price amounted to $X per ton, with a decrease of -12.7% against the previous year. In general, the import price saw a perceptible reduction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 39% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+2.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rapeseed oil in the world?

The countries with the highest volumes of rapeseed oil consumption in 2021 were China, the United States and India, with a combined 41% share of global consumption. Germany, Poland, France, Canada, Japan, Belgium, the UK, Mexico, the Netherlands and Norway lagged somewhat behind, together accounting for a further 42%.

What are the largest producers of rapeseed oil in the world?

The countries with the highest volumes of rapeseed oil production in 2021 were Canada, Germany and China, with a combined 43% share 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 rapeseed oil to the Russian Federation?

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

What are the leading importers of rapeseed oil from the Russian Federation?

In value terms, China, Norway and Latvia appeared to be the largest markets for rapeseed oil exported from Russia worldwide, together accounting for 86% of total exports.

What is the average export price for rapeseed oil in the Russian Federation?

In 2021, the average rapeseed oil export price amounted to $1,229 per ton, growing by 44% against the previous year.

What is the average import price for rapeseed oil in the Russian Federation?

The average rapeseed oil import price stood at $1,165 per ton in 2021, increasing by 39% against the previous year.

This report provides an in-depth analysis of the 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