Report Update Nov 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Vietnam: Refined Rapeseed Oil Market 2024

Refined Rapeseed Oil Market Size in Vietnam

The Vietnamese refined rapeseed oil market reached $X in 2022, surging by 3.4% against the previous year. Over the period under review, consumption, however, recorded a abrupt decrease. Refined rapeseed oil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Refined Rapeseed Oil Production in Vietnam

In value terms, refined rapeseed oil production rose slightly to $X in 2022 estimated in export price. In general, production, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 22% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Refined Rapeseed Oil Exports

Exports from Vietnam

In 2022, shipments abroad of refined rape, colza or mustard oil was finally on the rise to reach X tons after four years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, refined rapeseed oil exports surged to $X in 2022. In general, exports continue to indicate a measured expansion. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand was relatively modest.

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

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand totaled +4.7%.

Export Prices by Country

In 2022, the average refined rapeseed oil export price amounted to $X per ton, picking up by 53% against the previous year. Overall, the export price posted pronounced growth. The growth pace was the most rapid in 2021 when the average export price increased by 114% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +3.7% per year.

Refined Rapeseed Oil Imports

Imports into Vietnam

In 2022, overseas purchases of refined rape, colza or mustard oil decreased by -46.2% to X tons, falling for the second year in a row after five years of growth. Overall, imports recorded a slight decline. The growth pace was the most rapid in 2019 with an increase of 39% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, refined rapeseed oil imports declined rapidly to $X in 2022. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 34% against the previous year. Imports peaked at $X in 2021, and then fell notably in the following year.

Imports by Country

Malaysia (X tons), Japan (X tons) and Canada (X tons) were the main suppliers of refined rapeseed oil imports to Vietnam, together accounting for 76% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +66.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Japan ($X) and Australia ($X) constituted the largest refined rapeseed oil suppliers to Vietnam, together accounting for 76% of total imports.

Japan, with a CAGR of +80.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average refined rapeseed oil import price stood at $X per ton in 2022, surging by 49% against the previous year. Overall, the import price showed a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($X per ton) and Australia ($X per ton), while the price for Malaysia ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+17.9%), 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 refined rape, colza or mustard oil in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 34% share of global consumption. These countries were followed by Japan, Russia, Pakistan, Brazil, Indonesia, Nigeria, Bangladesh, Germany, Mexico and Poland, which together accounted for a further 24%.

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

China constituted the country with the largest volume of refined rapeseed oil production, accounting for 17% of total volume. Moreover, refined rapeseed oil production in China exceeded the figures recorded by the second-largest producer, India, threefold. Canada ranked third in terms of total production with a 6.4% share.

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

In value terms, Malaysia, Japan and Canada constituted the largest refined rapeseed oil suppliers to Vietnam, with a combined 83% share of total imports.

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

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

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

In 2021, the average refined rapeseed oil export price amounted to $1,108 per ton, approximately mirroring the previous year.

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

In 2021, the average refined rapeseed oil import price amounted to $1,828 per ton, growing by 60% against the previous year.

This report provides an in-depth analysis of the refined 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:

Prodcom 10415600 - Refined rape, colza or mustard oil and their fractions (excluding chemically modified)

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