Global Refined Rapeseed Oil Market 2025

Refined Rapeseed Oil Market Size

The global refined rapeseed oil market totaled $X in 2022, with an increase of 4.2% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 9.5% against the previous year. Over the period under review, the global market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Refined Rapeseed Oil Production

In value terms, refined rapeseed oil production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild shrinkage. The growth pace was the most rapid in 2020 with an increase of 9.6% against the previous year. Global production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Refined Rapeseed Oil Exports

Exports

After three years of growth, shipments abroad of refined rape, colza or mustard oil decreased by -11.9% to X tons in 2022. In general, total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 16%. The global exports peaked at X tons in 2021, and then declined in the following year.

In value terms, refined rapeseed oil exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2021 with an increase of 55% against the previous year. The global exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Canada (X tons) represented the main exporter of refined rape, colza or mustard oil, achieving 46% of total exports. Germany (X tons) held the second position in the ranking, distantly followed by Belgium (X tons). All these countries together held near 23% share of total exports. The Netherlands (X tons), the Czech Republic (X tons), Australia (X tons), Denmark (X tons), the United States (X tons), Austria (X tons), the UK (X tons) and Estonia (X tons) took a little share of total exports.

Exports from Canada increased at an average annual rate of +4.3% from 2012 to 2022. At the same time, Australia (+13.5%), Estonia (+11.0%), Austria (+9.0%), the Czech Republic (+6.1%), Germany (+5.2%) and Denmark (+3.7%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in the world, with a CAGR of +13.5% from 2012-2022. Belgium and the Netherlands experienced a relatively flat trend pattern. By contrast, the United States (-2.1%) and the UK (-4.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany and Australia increased by +1.8 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) remains the largest refined rapeseed oil supplier worldwide, comprising 49% of global exports. The second position in the ranking was held by Germany ($X), with a 16% share of global exports. It was followed by Belgium, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value in Canada totaled +8.7%. In the other countries, the average annual rates were as follows: Germany (+8.0% per year) and Belgium (+1.9% per year).

Export Prices by Country

In 2022, the average refined rapeseed oil export price amounted to $X per ton, jumping by 33% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 export price increased by +98.7% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 45% against the previous year. The global export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Austria ($X per ton) and Canada ($X per ton), while the United States ($X per ton) and Belgium ($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 Czech Republic (+5.1%), while the other global leaders experienced more modest paces of growth.

Refined Rapeseed Oil Imports

Imports

In 2022, after ten years of growth, there was significant decline in purchases abroad of refined rape, colza or mustard oil, when their volume decreased by -9.3% to X tons. In general, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 12% against the previous year. Over the period under review, global imports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, refined rapeseed oil imports soared to $X in 2022. Over the period under review, imports, however, saw a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 53% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

The United States was the key importer of refined rape, colza or mustard oil in the world, with the volume of imports reaching X tons, which was near 46% of total imports in 2022. The Netherlands (X tons) held an 8.5% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (4.7%). France (X tons), China (X tons), Mexico (X tons), Poland (X tons), Germany (X tons), Sweden (X tons), Israel (X tons), Austria (X tons), the UK (X tons) and New Zealand (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to refined rapeseed oil imports into the United States stood at +4.6%. At the same time, Mexico (+34.6%), China (+11.2%), Poland (+9.1%), Israel (+7.1%), Germany (+6.2%), France (+4.8%), New Zealand (+4.6%), the Netherlands (+4.6%), the UK (+4.1%) and Belgium (+4.0%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer imported in the world, with a CAGR of +34.6% from 2012-2022. By contrast, Sweden (-2.3%) and Austria (-5.5%) illustrated a downward trend over the same period. While the share of Mexico (+2.6 p.p.) and China (+1.9 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Sweden (-2.2 p.p.) and Austria (-3.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported refined rape, colza or mustard oil worldwide, comprising 50% of global imports. The second position in the ranking was held by the Netherlands ($X), with a 7.7% share of global imports. It was followed by Belgium, with a 4% share.

In the United States, refined rapeseed oil imports expanded at an average annual rate of +8.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (+6.0% per year) and Belgium (+5.7% per year).

Import Prices by Country

In 2022, the average refined rapeseed oil import price amounted to $X per ton, jumping by 30% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 +91.1% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 41% against the previous year. Global import price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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