Ukraine: Vegetable Oils Market 2025

Vegetable Oils Market Size in Ukraine

In 2022, after four years of growth, there was significant decline in the Ukrainian vegetable oils market, when its value decreased by X% to $X. In general, consumption showed a deep setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Vegetable Oils Production in Ukraine

In value terms, vegetable oils production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. Vegetable oils production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Vegetable Oils Exports

Exports from Ukraine

For the seventh consecutive year, Ukraine recorded decline in overseas shipments of vegetable fats and oils, which decreased by X% to X tons in 2022. In general, exports showed a dramatic descent. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, vegetable oils exports dropped notably to $X in 2022. Overall, exports showed a sharp curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belarus (X tons) was the main destination for vegetable oils exports from Ukraine, with a X% share of total exports. Moreover, vegetable oils exports to Belarus exceeded the volume sent to the second major destination, Moldova (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Belarus amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (X% per year) and Georgia (X% per year).

In value terms, Belarus ($X) remains the key foreign market for vegetable fats and oils exports from Ukraine, comprising X% of total exports. The second position in the ranking was held by Georgia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Belarus stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (X% per year) and Moldova (X% per year).

Export Prices by Country

The average vegetable oils export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable oils export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Belarus ($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 Georgia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Oils Imports

Imports into Ukraine

In 2022, imports of vegetable fats and oils into Ukraine reduced notably to X tons, waning by X% on the previous year. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, vegetable oils imports surged to $X in 2022. Overall, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Malaysia (X tons), Indonesia (X tons) and Sweden (X tons) were the main suppliers of vegetable oils imports to Ukraine, with a combined X% share of total imports. Belgium and the Netherlands lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest vegetable oils suppliers to Ukraine were Malaysia ($X), Indonesia ($X) and Sweden ($X), with a combined X% share of total imports. Belgium and the Netherlands lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to 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 vegetable oils import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable oils import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and Sweden ($X per ton), while the price for Indonesia ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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