Asia-Pacific: Refined Rapeseed Oil Market 2024

Refined Rapeseed Oil Market Size in Asia-Pacific

The Asia-Pacific refined rapeseed oil market reached $X in 2022, surging by X% against the previous year. Over the period under review, consumption saw a mild reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Refined Rapeseed Oil Production in Asia-Pacific

In value terms, refined rapeseed oil production rose modestly to $X in 2022 estimated in export price. In general, production, however, recorded a slight curtailment. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Refined Rapeseed Oil Exports

Exports in Asia-Pacific

In 2022, shipments abroad of refined rape, colza or mustard oil increased by X% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a strong expansion 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, refined rapeseed oil exports skyrocketed to $X in 2022. In general, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

In 2022, Australia (X tons) was the key exporter of refined rape, colza or mustard oil, achieving X% of total exports. It was distantly followed by Malaysia (X tons) and Singapore (X tons), together constituting a X% share of total exports. Bangladesh (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Malaysia ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. Bangladesh and India lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, growing by X% against the previous year. Export price indicated a noticeable expansion 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, refined rapeseed oil export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in India ($X per ton) and Singapore ($X per ton), while Bangladesh ($X per ton) and Australia ($X per ton) were amongst the lowest.

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

Refined Rapeseed Oil Imports

Imports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in supplies from abroad of refined rape, colza or mustard oil, when their volume decreased by X% to X tons. Total imports indicated noticeable 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. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of import peaked at X tons in 2021, and then dropped markedly in the following year.

In value terms, refined rapeseed oil imports declined to $X in 2022. In general, imports, however, showed a temperate increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, New Zealand (X tons), distantly followed by the Philippines (X tons), Malaysia (X tons), Hong Kong SAR (X tons), China (X tons), Singapore (X tons) and Australia (X tons) were the main importers of refined rape, colza or mustard oil, together committing X% of total imports.

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

In value terms, the largest refined rapeseed oil importing markets in Asia-Pacific were New Zealand ($X), the Philippines ($X) and Malaysia ($X), together accounting for X% of total imports.

The Philippines, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, picking up by X% against the previous year. Import price indicated tangible 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, refined rapeseed oil import price increased by X% against 2019 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 importing countries. In 2022, major importing countries recorded the following prices: in Australia ($X per ton) and Malaysia ($X per ton), while the Philippines ($X per ton) and China ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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