Switzerland: Refined Rapeseed Oil Market 2024

Refined Rapeseed Oil Market Size in Switzerland

For the third consecutive year, the Swiss refined rapeseed oil market recorded growth in sales value, which increased by 6.8% to $X in 2022. In general, consumption, however, saw a slight downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Refined Rapeseed Oil Production in Switzerland

In value terms, refined rapeseed oil production dropped modestly to $X in 2022 estimated in export price. In general, production showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 4%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Refined Rapeseed Oil Exports

Exports from Switzerland

In 2022, overseas shipments of refined rape, colza or mustard oil decreased by -27.2% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports saw a pronounced decrease. The most prominent rate of growth was recorded in 2019 with an increase of 172% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, refined rapeseed oil exports fell notably to $X in 2022. Overall, exports faced a abrupt downturn. The growth pace was the most rapid in 2015 with an increase of 141% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for refined rapeseed oil exports from Switzerland, with a 73% share of total exports. Moreover, refined rapeseed oil exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+53.5% per year) and Italy (-45.0% per year).

In value terms, the largest markets for refined rapeseed oil exported from Switzerland were the UK ($X), Germany ($X) and Italy ($X), with a combined 91% share of total exports.

The UK, with a CAGR of +63.6%, saw 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 a decline.

Export Prices by Country

The average refined rapeseed oil export price stood at $X per ton in 2022, surging by 11% against the previous year. Overall, the export price, however, recorded a abrupt setback. The growth pace was the most rapid in 2015 an increase of 14% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a 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 the UK ($X per ton), while the average price for exports to Germany ($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 UK (+6.6%), while the prices for the other major destinations experienced a decline.

Refined Rapeseed Oil Imports

Imports into Switzerland

For the third consecutive year, Switzerland recorded growth in supplies from abroad of refined rape, colza or mustard oil, which increased by 28% to X tons in 2022. Overall, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 59% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, refined rapeseed oil imports surged to $X in 2022. In general, imports enjoyed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of refined rapeseed oil to Switzerland, accounting for a 85% share of total imports. Moreover, refined rapeseed oil imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+18.7% per year) and France (+25.9% per year).

In value terms, Germany ($X) constituted the largest supplier of refined rape, colza or mustard oil to Switzerland, comprising 81% of total imports. The second position in the ranking was taken by Belgium ($X), with a 7.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+19.7% per year) and France (+28.0% per year).

Import Prices by Country

In 2022, the average refined rapeseed oil import price amounted to $X per ton, jumping by 31% against the previous year. Overall, import price indicated a modest 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, refined rapeseed oil import price increased by +66.1% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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