Slovakia: Crude Rapeseed Oil Market 2025

Crude Rapeseed Oil Market Size in Slovakia

In 2022, the Slovak crude rapeseed oil market decreased by -1.3% to $X, falling for the fourth consecutive year after three years of growth. In general, consumption, however, recorded a prominent expansion. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Crude Rapeseed Oil Production in Slovakia

In value terms, crude rapeseed oil production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 28% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Crude Rapeseed Oil Exports

Exports from Slovakia

After two years of growth, overseas shipments of crude rape, colza or mustard oil decreased by -21.8% to X tons in 2022. In general, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 121%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, crude rapeseed oil exports expanded modestly to $X in 2022. Over the period under review, exports faced a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 209%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Hungary (X tons) was the main destination for crude rapeseed oil exports from Slovakia, with a 87% share of total exports. Moreover, crude rapeseed oil exports to Hungary exceeded the volume sent to the second major destination, Austria (X tons), more than tenfold. Italy (X tons) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume to Hungary amounted to -9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-23.4% per year) and Italy (+43.0% per year).

In value terms, Hungary ($X) remains the key foreign market for crude rape, colza or mustard oil exports from Slovakia, comprising 89% of total exports. The second position in the ranking was held by Austria ($X), with a 4.3% share of total exports. It was followed by Italy, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hungary amounted to -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-22.7% per year) and Italy (+43.4% per year).

Export Prices by Country

The average crude rapeseed oil export price stood at $X per ton in 2022, growing by 32% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude rapeseed oil export price increased by +106.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 40%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Czech Republic ($X per ton) and Hungary ($X per ton), while the average price for exports to Italy ($X per ton) and Austria ($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 Estonia (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Rapeseed Oil Imports

Imports into Slovakia

After two years of growth, purchases abroad of crude rape, colza or mustard oil decreased by -54.8% to X tons in 2022. In general, imports saw a sharp downturn. The most prominent rate of growth was recorded in 2013 with an increase of 223%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, crude rapeseed oil imports contracted sharply to $X in 2022. Overall, imports showed a precipitous slump. The pace of growth was the most pronounced in 2018 when imports increased by 125%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest supplier of crude rapeseed oil to Slovakia, with a 39% share of total imports. Moreover, crude rapeseed oil imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Hungary (X tons), threefold. The third position in this ranking was held by Ukraine (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic stood at -9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+33.1% per year) and Ukraine (+222.7% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of crude rape, colza or mustard oil to Slovakia, comprising 47% of total imports. The second position in the ranking was taken by Hungary ($X), with a 14% share of total imports. It was followed by Ukraine, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Czech Republic stood at -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+39.5% per year) and Ukraine (+167.3% per year).

Import Prices by Country

The average crude rapeseed oil import price stood at $X per ton in 2022, picking up by 54% against the previous year. In general, the import price, however, recorded a abrupt shrinkage. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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