Report Update Nov 1, 2024

Sri Lanka - Crude Rape, Colza or Mustard Oil - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Crude Rapeseed Oil Market 2024

Crude Rapeseed Oil Market Size in Sri Lanka

In 2022, the Sri Lankan crude rapeseed oil market decreased by -34.9% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption recorded a slight reduction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Crude Rapeseed Oil Production in Sri Lanka

In value terms, crude rapeseed oil production soared to $X in 2022 estimated in export price. Overall, production recorded a significant increase. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Crude Rapeseed Oil Exports

Exports from Sri Lanka

In 2022, approx. X kg of crude rape, colza or mustard oil were exported from Sri Lanka; waning by -99.8% against the previous year's figure. Over the period under review, exports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2018 with an increase of 16,300% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude rapeseed oil exports reduced markedly to $X in 2022. Overall, exports continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2018 with an increase of 10,147%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X kg) was the main destination for crude rapeseed oil exports from Sri Lanka, with a 57% share of total exports. Moreover, crude rapeseed oil exports to Oman exceeded the volume sent to the second major destination, Canada (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Oman stood at -36.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-29.9% per year) and Maldives (0.0% per year).

In value terms, Oman ($X) remains the key foreign market for crude rape, colza or mustard oil exports from Sri Lanka, comprising 86% of total exports. The second position in the ranking was held by Canada ($X), with a 4.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Oman stood at -36.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-44.8% per year) and Maldives (-38.0% per year).

Export Prices by Country

The average crude rapeseed oil export price stood at $X per ton in 2022, growing by 12% against the previous year. Overall, the export price, however, saw a perceptible reduction. The growth pace was the most rapid in 2013 an increase of 70%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Maldives ($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 Oman (+0.0%), while the prices for the other major destinations experienced a decline.

Crude Rapeseed Oil Imports

Imports into Sri Lanka

In 2022, imports of crude rape, colza or mustard oil into Sri Lanka shrank sharply to X tons, waning by -82.5% compared with the year before. Overall, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 358% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, crude rapeseed oil imports plummeted to $X in 2022. Over the period under review, imports showed a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 807%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) was the main crude rapeseed oil supplier to Sri Lanka, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to -14.6%.

In value terms, India ($X) constituted the largest supplier of crude rape, colza or mustard oil to Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to -9.0%.

Import Prices by Country

The average crude rapeseed oil import price stood at $X per ton in 2022, declining by -18.9% against the previous year. Over the period under review, the import price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2021 an increase of 98%. As a result, import price attained the peak level of $X per ton, and then fell rapidly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +6.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of in 2021 were China, Canada and Germany, with a combined 43% share of global consumption. India, Poland, France, the United States, Japan, Belgium, the UK, Mexico, Pakistan and the Czech Republic lagged somewhat behind, together accounting for a further 42%.

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

The countries with the highest volumes of in 2021 were Canada, Germany and China, together accounting for 43% of global production. India, France, Poland, Japan, the United States, the UK, Belgium, Russia, Mexico and the Czech Republic lagged somewhat behind, together comprising a further 42%.

What are the leading suppliers of crude rape, colza or mustard oil to Sri Lanka?

In value terms, India constituted the largest supplier of crude rapeseed oil to Sri Lanka, comprising 94% of total imports. The second position in the ranking was occupied by Germany, with a 6.1% share of total imports.

What are the leading importers of crude rape, colza or mustard oil from Sri Lanka?

In value terms, Maldives $702) remains the key foreign market for crude rapeseed oil exports from Sri Lanka.

What is the average export price for crude rape, colza or mustard oil in Sri Lanka?

In 2021, the average crude rapeseed oil export price amounted to $4,451 per ton, almost unchanged from the previous year.

What is the average import price for crude rape, colza or mustard oil in Sri Lanka?

In 2021, the average crude rapeseed oil import price amounted to $2,460 per ton, reducing by -85.6% against the previous year.

This report provides an in-depth analysis of the crude rapeseed oil market in Sri Lanka. 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:

FCL 271 - Oil of Rapeseed or Canola oil

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
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
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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
How to outsource production to other countries
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