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Belgium - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRapeseed Oil Price in Belgium - 2023
Contents:
- Rapeseed Oil Price in Belgium (CIF) - 2023
- Rapeseed Oil Price in Belgium (FOB) - 2023
- Rapeseed Oil Imports in Belgium
- Rapeseed Oil Exports in Belgium
Rapeseed Oil Price in Belgium (CIF) - 2023
The average rapeseed oil import price stood at $1,159 per ton in June 2023, growing by 3.8% against the previous month. Over the period under review, the import price, however, showed a pronounced reduction. The pace of growth was the most pronounced in February 2023 an increase of 4.5% against the previous month. The import price peaked at $1,887 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the highest price was recorded for prices from the United Arab Emirates ($1,280 per ton) and Germany ($1,166 per ton), while the price for France ($1,077 per ton) and the Netherlands ($1,123 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (-2.7%), while the prices for the other major suppliers experienced a decline.
Rapeseed Oil Price in Belgium (FOB) - 2023
In June 2023, the average rapeseed oil export price amounted to $1,324 per ton, waning by -5.5% against the previous month. Over the period under review, the export price showed a pronounced contraction. The growth pace was the most rapid in April 2023 when the average export price increased by 7.6% month-to-month. Over the period under review, the average export prices attained the maximum at $1,873 per ton in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was France ($2,931 per ton), while the average price for exports to China ($961 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Rapeseed Oil Imports in Belgium
In 2022, purchases abroad of rapeseed oil decreased by -8.7% to 564K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.2% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 36%. As a result, imports reached the peak of 617K tons, and then fell in the following year.
In value terms, rapeseed oil imports skyrocketed to $942M in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 80% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
Import of Rapeseed Oil in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 87.2 | 96.7 | 347 | 479 | 76.4% |
Netherlands | 154 | 170 | 267 | 304 | 25.4% |
Germany | 64.1 | 94.0 | 117 | 107 | 18.6% |
United Kingdom | 47.2 | 58.0 | 40.7 | 40.1 | -5.3% |
Others | 4.6 | 15.8 | 11.9 | 12.1 | 38.0% |
Total | 357 | 434 | 783 | 942 | 38.2% |
Top Suppliers of Rapeseed Oil to Belgium in 2022:
- France (270.0K tons)
- Netherlands (193.7K tons)
- Germany (69.3K tons)
- United Kingdom (24.3K tons)
Rapeseed Oil Exports in Belgium
In 2022, overseas shipments of rapeseed oil decreased by -27.8% to 339K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a modest expansion. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year.
In value terms, rapeseed oil exports shrank to $559M in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 45%. As a result, the exports attained the peak of $609M, and then reduced in the following year.
Export of Rapeseed Oil in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 40.7 | 45.9 | 162 | 187 | 66.2% |
Netherlands | 105 | 137 | 102 | 133 | 8.2% |
France | 55.1 | 48.8 | 156 | 67.9 | 7.2% |
Norway | 8.5 | 31.9 | 28.2 | 47.5 | 77.5% |
Spain | 7.0 | 13.4 | 41.4 | 32.0 | 66.0% |
China | 14.8 | 32.7 | 38.9 | 28.7 | 24.7% |
United Kingdom | 11.4 | 24.3 | 23.9 | 21.4 | 23.4% |
Sweden | 31.3 | 47.7 | 13.2 | 13.7 | -24.1% |
Israel | 17.4 | 21.2 | 19.6 | 1.3 | -57.9% |
Others | 12.0 | 16.4 | 23.6 | 26.4 | 30.1% |
Total | 304 | 419 | 609 | 559 | 22.5% |
Top Export Markets for Rapeseed Oil from Belgium in 2022:
- Germany (107.1K tons)
- Netherlands (82.0K tons)
- France (41.8K tons)
- Norway (30.2K tons)
- China (21.7K tons)
- Spain (18.4K tons)
- United Kingdom (14.2K tons)
- Sweden (8.0K tons)
- Israel (0.6K tons)
This report provides an in-depth analysis of the rapeseed oil market in Belgium. 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:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the rapeseed oil market in Belgium.
This report provides an in-depth analysis of the crude rapeseed oil market in Belgium.
This report provides an in-depth analysis of the refined rapeseed oil market in Belgium.
This report provides an in-depth analysis of the global rapeseed oil market.
This report provides an in-depth analysis of the global crude rapeseed oil market.
This report provides an in-depth analysis of the global refined rapeseed oil market.
This report provides an in-depth analysis of the rapeseed oil market in Belgium.
This report provides an in-depth analysis of the crude rapeseed oil market in Belgium.
This report provides an in-depth analysis of the refined rapeseed oil market in Belgium.
This report provides an in-depth analysis of the global rapeseed oil market.
Discover the top import markets for rapeseed oil based on key statistics and data from the IndexBox market intelligence platform.
Global rapeseed oil consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
Global rapeseed oil exports amounted to X thousand tons in 2015, remaining constant against the previous year level.
Global rapeseed oil imports amounted to X thousand tons in 2015, leveling off at the previous year level.
In 2015, the countries with the highest levels of production were China (X thousand tons), Germany (X thousand tons), Canada (X thousand tons), together accounting for X% of total output.
Discover the world's leading import markets for crude rapeseed oil based on import value in 2023. Learn about the key countries driving global trade in this popular vegetable oil.
Discover the top import markets for refined rapeseed oil and their key statistics. Learn about the countries with the highest import values, such as the United States, Netherlands, and Belgium.
Discover the top import markets for rapeseed oil based on key statistics and data from the IndexBox market intelligence platform.
Global rapeseed oil consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
Global rapeseed oil exports amounted to X thousand tons in 2015, remaining constant against the previous year level.