Southern Asia: Rapeseed Oil Market 2024

Rapeseed Oil Market Size in Southern Asia

The South Asian rapeseed oil market was estimated at $X in 2022, flattening at the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Rapeseed Oil Production in Southern Asia

In value terms, rapeseed oil production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 42% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Rapeseed Oil Exports

Exports in Southern Asia

In 2022, after five years of growth, there was decline in shipments abroad of rapeseed oil, when their volume decreased by -4.1% to X tons. Over the period under review, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2019 with an increase of 57%. The volume of export peaked at X tons in 2021, and then contracted in the following year.

In value terms, rapeseed oil exports rose to $X in 2022. Overall, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 54% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

India (X tons) and Bangladesh (X tons) dominates exports structure, together constituting 91% of total exports. It was distantly followed by Pakistan (X tons), mixing up an 8.3% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +47.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest rapeseed oil supplying countries in Southern Asia were India ($X), Bangladesh ($X) and Pakistan ($X), with a combined 100% share of total exports.

In terms of the main exporting countries, Pakistan, with a CAGR of +47.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, with an increase of 7.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.5%. The growth pace was the most rapid in 2013 when the export price increased by 23%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.1%), while the other leaders experienced mixed trends in the export price figures.

Rapeseed Oil Imports

Imports in Southern Asia

In 2022, rapeseed oil imports in Southern Asia shrank rapidly to X tons, declining by -91% on the previous year. Overall, imports recorded a precipitous slump. The pace of growth appeared the most rapid in 2014 with an increase of 513%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, rapeseed oil imports contracted significantly to $X in 2022. In general, imports saw a dramatic slump. The pace of growth was the most pronounced in 2014 when imports increased by 408%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons) and Afghanistan (X tons) prevails in imports structure, together creating 77% of total imports. Sri Lanka (X tons) ranks next in terms of the total imports with an 8.3% share, followed by Nepal (6.7%) and Bhutan (5.4%). Bangladesh (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of +8.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Afghanistan ($X) and Sri Lanka ($X) constituted the countries with the highest levels of imports in 2022, with a combined 87% share of total imports.

Sri Lanka, with a CAGR of +9.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, increasing by 26% against the previous year. Overall, the import price showed a tangible increase. The pace of growth was the most pronounced in 2021 when the import price increased by 55% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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