Slovenia: Crude Rapeseed Oil Market 2024

Crude Rapeseed Oil Market Size in Slovenia

The Slovene crude rapeseed oil market declined remarkably to $X in 2022, which is down by -34.5% against the previous year. Overall, consumption recorded a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Crude Rapeseed Oil Production in Slovenia

In value terms, crude rapeseed oil production fell to $X in 2022 estimated in export price. In general, production saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the production volume increased by 208%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Crude Rapeseed Oil Exports

Exports from Slovenia

In 2022, the amount of crude rape, colza or mustard oil exported from Slovenia contracted significantly to X tons, which is down by -28.1% on the previous year. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 121%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, crude rapeseed oil exports shrank to $X in 2022. Over the period under review, exports, however, posted mild growth. The growth pace was the most rapid in 2021 with an increase of 154%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X tons) was the main destination for crude rapeseed oil exports from Slovenia, accounting for a 99.9% share of total exports. It was followed by Croatia (X kg), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Austria stood at +37.2%.

In value terms, Austria ($X) remains the key foreign market for crude rape, colza or mustard oil exports from Slovenia, comprising 99.9% of total exports. The second position in the ranking was held by Croatia ($X), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria totaled +40.0%.

Export Prices by Country

In 2022, the average crude rapeseed oil export price amounted to $X per ton, picking up by 19% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 +92.3% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of 51%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Austria amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Rapeseed Oil Imports

Imports into Slovenia

In 2022, approx. X tons of crude rape, colza or mustard oil were imported into Slovenia; falling by -34.9% against 2021 figures. In general, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2014 with an increase of 81% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, crude rapeseed oil imports reduced rapidly to $X in 2022. Overall, imports recorded a slight contraction. The pace of growth was the most pronounced in 2021 with an increase of 99% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Serbia (X tons) was the main supplier of crude rapeseed oil to Slovenia, accounting for a 92% share of total imports. Moreover, crude rapeseed oil imports from Serbia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Serbia stood at +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+170.1% per year) and Croatia (+0.3% per year).

In value terms, Serbia ($X) constituted the largest supplier of crude rape, colza or mustard oil to Slovenia, comprising 89% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 6.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Serbia totaled +22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+175.9% per year) and Croatia (+4.0% per year).

Import Prices by Country

The average crude rapeseed oil import price stood at $X per ton in 2022, with an increase of 28% against the previous year. In general, the import price saw a tangible expansion. The growth pace was the most rapid in 2021 when the average import price increased by 45% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform