Southern Asia: Rapeseed Oil Market 2024

Rapeseed Oil Market Size in Southern Asia

The South Asian rapeseed oil market stood at $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Rapeseed Oil Production in Southern Asia

In value terms, rapeseed oil production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Rapeseed Oil Exports

Exports in Southern Asia

After five years of growth, overseas shipments of rapeseed oil decreased by X% to X tons in 2022. Overall, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then reduced in the following year.

In value terms, rapeseed oil exports shrank slightly to $X in 2022. Over the period under review, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

India (X tons) and Bangladesh (X tons) prevails in exports structure, together making up X% of total exports. It was distantly followed by Pakistan (X tons), committing an X% share of total exports.

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

In value terms, India ($X), Bangladesh ($X) and Pakistan ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Pakistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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 Southern Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Rapeseed Oil Imports

Imports in Southern Asia

In 2022, the amount of rapeseed oil imported in Southern Asia contracted significantly to X tons, reducing by X% against 2021 figures. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, rapeseed oil imports dropped dramatically to $X in 2022. Overall, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Pakistan (X tons) represented the key importer of rapeseed oil, making up X% of total imports. It was distantly followed by India (X tons), creating a X% share of total imports. Sri Lanka (X tons), Afghanistan (X tons) and Bhutan (X tons) followed a long way behind the leaders.

Pakistan was also the fastest-growing in terms of the rapeseed oil imports, with a CAGR of X% from 2012 to 2022. At the same time, Sri Lanka (X%) and Afghanistan (X%) displayed positive paces of growth. By contrast, Bhutan (X%) and India (X%) illustrated a downward trend over the same period. Pakistan (X p.p.), Sri Lanka (X p.p.) and Afghanistan (X p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X) constitutes the largest market for imported rapeseed oil in Southern Asia, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Pakistan stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: India (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, with an increase of X% against the previous year. In general, the import price continues to indicate slight growth. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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