Report Update Nov 1, 2024

Saudi Arabia - Refined Rape, Colza or Mustard Oil - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Refined Rapeseed Oil Market 2024

Refined Rapeseed Oil Market Size in Saudi Arabia

The Saudi refined rapeseed oil market declined to $X in 2022, which is down by -10.1% against the previous year. Overall, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +11.8% against 2020 indices. Refined rapeseed oil consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Refined Rapeseed Oil Production in Saudi Arabia

In value terms, refined rapeseed oil production contracted to $X in 2022 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +13.8% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 72% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Refined Rapeseed Oil Exports

Exports from Saudi Arabia

In 2022, approx. X tons of refined rape, colza or mustard oil were exported from Saudi Arabia; reducing by -19.5% on the previous year's figure. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 234% against the previous year. The exports peaked at X tons in 2021, and then fell significantly in the following year.

In value terms, refined rapeseed oil exports declined remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 126% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Jordan (X tons) was the main destination for refined rapeseed oil exports from Saudi Arabia, accounting for a approx. 100% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Jordan totaled +37.3%.

In value terms, Jordan ($X) also remains the key foreign market for refined rape, colza or mustard oil exports from Saudi Arabia.

From 2013 to 2022, the average annual growth rate of value to Jordan totaled +34.0%.

Export Prices by Country

In 2022, the average refined rapeseed oil export price amounted to $X per ton, declining by -8.7% against the previous year. In general, the export price saw a perceptible descent. The most prominent rate of growth was recorded in 2015 an increase of 34% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for Finland amounted to +23.9% per year.

Refined Rapeseed Oil Imports

Imports into Saudi Arabia

In 2020, refined rapeseed oil imports into Saudi Arabia surged to X tons, picking up by 29% compared with the previous year's figure. Over the period under review, imports continue to indicate slight growth. The pace of growth appeared the most rapid in 2018 with an increase of 276%. As a result, imports reached the peak of X tons. From 2019 to 2020, the growth of imports failed to regain momentum.

In value terms, refined rapeseed oil imports surged to $X in 2020. Overall, imports recorded a tangible expansion. The pace of growth appeared the most rapid in 2018 with an increase of 219% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2020, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2020, Bangladesh (X tons) was the main refined rapeseed oil supplier to Saudi Arabia, accounting for a approx. 90% share of total imports.

From 2012 to 2020, the average annual rate of growth in terms of volume from Bangladesh stood at +7.7%.

In value terms, Bangladesh ($X) constituted the largest supplier of refined rape, colza or mustard oil to Saudi Arabia.

From 2012 to 2020, the average annual rate of growth in terms of value from Bangladesh totaled +11.0%.

Import Prices by Country

The average refined rapeseed oil import price stood at $X per ton in 2020, declining by -3.2% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2013 an increase of 30%. As a result, import price attained the peak level of $X per ton. From 2014 to 2020, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2020, the rate of growth in terms of prices for Bangladesh amounted to +3.1% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 34% of global consumption. These countries were followed by Japan, Russia, Pakistan, Brazil, Indonesia, Nigeria, Bangladesh, Germany, Mexico and Poland, which together accounted for a further 24%.

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

China constituted the country with the largest volume of refined rapeseed oil production, comprising approx. 17% of total volume. Moreover, refined rapeseed oil production in China exceeded the figures recorded by the second-largest producer, India, threefold. Canada ranked third in terms of total production with a 6.4% share.

What are the leading suppliers of refined rape, colza or mustard oil to Saudi Arabia?

In value terms, the largest refined rapeseed oil suppliers to Saudi Arabia were Oman, the United Arab Emirates and Bangladesh, with a combined 88% share of total imports. The Netherlands, Belgium and Canada lagged somewhat behind, together accounting for a further 8.6%.

What are the leading importers of refined rape, colza or mustard oil from Saudi Arabia?

In value terms, Jordan remains the key foreign market for refined rapeseed oil exports from Saudi Arabia, comprising 73% of total exports. The second position in the ranking was occupied by Lebanon, with a 25% share of total exports.

What is the average export price for refined rape, colza or mustard oil in Saudi Arabia?

In 2021, the average refined rapeseed oil export price amounted to $1,239 per ton, shrinking by -4.1% against the previous year.

What is the average import price for refined rape, colza or mustard oil in Saudi Arabia?

In 2021, the average refined rapeseed oil import price amounted to $1,671 per ton, with a decrease of -2.7% against the previous year.

This report provides an in-depth analysis of the refined rapeseed oil market in Saudi Arabia. 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:

Prodcom 10415600 - Refined rape, colza or mustard oil and their fractions (excluding chemically modified)

Country coverage:

Saudi Arabia

Data coverage:

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