Sweden: Crude Rapeseed Oil Market 2025

Crude Rapeseed Oil Market Size in Sweden

The Swedish crude rapeseed oil market dropped markedly to $X in 2022, shrinking by -23.7% against the previous year. In general, consumption, however, showed a mild expansion. Crude rapeseed oil consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Crude Rapeseed Oil Production in Sweden

In value terms, crude rapeseed oil production fell significantly to $X in 2022 estimated in export price. Overall, production saw a mild increase. The pace of growth was the most pronounced in 2019 with an increase of 138% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Crude Rapeseed Oil Exports

Exports from Sweden

In 2022, overseas shipments of crude rape, colza or mustard oil decreased by -32.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 476% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, crude rapeseed oil exports dropped rapidly to $X in 2022. Overall, exports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2018 with an increase of 430%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of crude rapeseed oil exports from Sweden, with a combined 84% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +696.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Malaysia ($X) appeared to be the largest markets for crude rapeseed oil exported from Sweden worldwide, together comprising 77% of total exports.

The Netherlands, with a CAGR of +864.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crude rapeseed oil export price stood at $X per ton in 2022, declining by -2.8% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.2% 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 decreased by -32.1% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 60%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Malaysia ($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 the Netherlands (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Rapeseed Oil Imports

Imports into Sweden

In 2022, supplies from abroad of crude rape, colza or mustard oil decreased by -33.8% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 335%. Over the period under review, imports reached the peak figure at X tons in 2021, and then dropped rapidly in the following year.

In value terms, crude rapeseed oil imports fell remarkably to $X in 2022. Overall, imports, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 300%. Over the period under review, imports hit record highs at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

In 2022, Denmark (X tons) constituted the largest supplier of crude rapeseed oil to Sweden, with a 56% share of total imports. Moreover, crude rapeseed oil imports from Denmark exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The UK (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from Denmark amounted to +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+28.2% per year) and the UK (+30.4% per year).

In value terms, Denmark ($X) constituted the largest supplier of crude rape, colza or mustard oil to Sweden, comprising 61% of total imports. The second position in the ranking was taken by the UK ($X), with an 18% share of total imports. It was followed by France, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Denmark totaled +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+30.4% per year) and France (+21.2% per year).

Import Prices by Country

In 2022, the average crude rapeseed oil import price amounted to $X per ton, picking up by 5.8% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 import price increased by +54.9% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 52%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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 Belgium ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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