Report Update Nov 1, 2024

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

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Vietnam: Crude Rapeseed Oil Market 2024

Crude Rapeseed Oil Market Size in Vietnam

The Vietnamese crude rapeseed oil market contracted dramatically to $X in 2022, waning by -50.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then dropped notably in the following year.

Crude Rapeseed Oil Exports

Exports from Vietnam

In 2022, overseas shipments of crude rape, colza or mustard oil decreased by -64.4% to X tons, falling for the third consecutive year after five years of growth. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 31,434% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, crude rapeseed oil exports declined dramatically to $X in 2022. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2019 when exports increased by 21,515% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for crude rapeseed oil exports from Vietnam, with a approx. 100% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to China totaled -41.9%.

In value terms, China ($X) also remains the key foreign market for crude rape, colza or mustard oil exports from Vietnam.

From 2013 to 2022, the average annual rate of growth in terms of value to China totaled -43.2%.

Export Prices by Country

The average crude rapeseed oil export price stood at $X per ton in 2022, shrinking by -41.4% against the previous year. In general, the export price showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of 32% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for China.

From 2013 to 2022, the rate of growth in terms of prices for China amounted to -2.2% per year.

Crude Rapeseed Oil Imports

Imports into Vietnam

Crude rapeseed oil imports into Vietnam reduced sharply to X tons in 2022, with a decrease of -64.1% compared with the previous year. In general, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2014 when imports increased by 93% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped significantly in the following year.

In value terms, crude rapeseed oil imports dropped dramatically to $X in 2022. Over the period under review, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 163%. Over the period under review, imports hit record highs at $X in 2021, and then fell remarkably in the following year.

Imports by Country

In 2022, Australia (X tons) was the main crude rapeseed oil supplier to Vietnam, accounting for a 95% share of total imports. It was followed by Japan (X tons), with a 2.7% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Australia totaled +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-3.1% per year) and the United States (-36.7% per year).

In value terms, Australia ($X) constituted the largest supplier of crude rape, colza or mustard oil to Vietnam, comprising 97% of total imports. The second position in the ranking was held by Japan ($X), with a 1.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia totaled +30.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-0.4% per year) and the United States (-34.6% per year).

Import Prices by Country

The average crude rapeseed oil import price stood at $X per ton in 2022, rising by 52% against the previous year. Over the period under review, the import price continues to indicate a prominent expansion. 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 Australia ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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, together comprising 43% 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, with a combined 43% share of global production. India, France, Poland, Japan, the United States, the UK, Belgium, Russia, Mexico and the Czech Republic lagged somewhat behind, together accounting for a further 42%.

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

In value terms, Australia constituted the largest supplier of crude rapeseed oil to Vietnam, comprising 94% of total imports. The second position in the ranking was occupied by the United States, with a 3.9% share of total imports.

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

In value terms, China remains the key foreign market for crude rapeseed oil exports from Vietnam.

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

In 2021, the average crude rapeseed oil export price amounted to $897 per ton, stabilizing at the previous year.

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

In 2021, the average crude rapeseed oil import price amounted to $851 per ton, falling by -4.2% against the previous year.

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

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
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
Find deeper insights into current market developments
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