Slovenia: Rapeseed Oil Market 2025

Rapeseed Oil Market Size in Slovenia

The Slovene rapeseed oil market skyrocketed to $X in 2022, increasing by 269% against the previous year. Over the period under review, consumption, however, saw a perceptible descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Rapeseed Oil Production in Slovenia

In value terms, rapeseed oil production contracted modestly to $X in 2022 estimated in export price. Overall, production showed a deep reduction. The pace of growth appeared the most rapid in 2016 when the production volume increased by 225% against the previous year. Rapeseed oil production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Rapeseed Oil Exports

Exports from Slovenia

In 2022, rapeseed oil exports from Slovenia dropped rapidly to X tons, waning by -40.1% compared with the previous year's figure. Over the period under review, exports, however, saw a mild increase. The most prominent rate of growth was recorded in 2014 when exports increased by 119%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, rapeseed oil exports reduced dramatically to $X in 2022. Overall, exports, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 188% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Austria (X tons) was the main destination for rapeseed oil exports from Slovenia, with a 85% share of total exports. Moreover, rapeseed oil exports to Austria exceeded the volume sent to the second major destination, Croatia (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria totaled +36.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (-19.8% per year) and Serbia (+14.9% per year).

In value terms, Austria ($X) remains the key foreign market for rapeseed oil exports from Slovenia, comprising 81% of total exports. The second position in the ranking was held by Croatia ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria stood at +39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (-15.6% per year) and Serbia (+15.6% per year).

Export Prices by Country

The average rapeseed oil export price stood at $X per ton in 2022, with an increase of 22% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rapeseed oil export price increased by +89.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 51%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Rapeseed Oil Imports

Imports into Slovenia

In 2022, the amount of rapeseed oil imported into Slovenia contracted to X tons, which is down by -10.1% compared with the previous year. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 52%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, rapeseed oil imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2021 with an increase of 87%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Serbia (X tons) constituted the largest supplier of rapeseed oil to Slovenia, with a 53% share of total imports. Moreover, rapeseed oil imports from Serbia exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Serbia totaled +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+7.4% per year) and Germany (+64.7% per year).

In value terms, Serbia ($X), Austria ($X) and Germany ($X) were the largest rapeseed oil suppliers to Slovenia, with a combined 81% share of total imports. Hungary, Croatia, the Netherlands and the Czech Republic lagged somewhat behind, together comprising a further 16%.

Among the main suppliers, the Netherlands, with a CAGR of +176.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average rapeseed oil import price amounted to $X per ton, surging by 35% against the previous year. In general, the import price saw a temperate expansion. The most prominent rate of growth was recorded in 2021 an increase of 36%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and Croatia ($X per ton), while the price for Serbia ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform