Europe: Crude Rapeseed Oil Market 2024

Crude Rapeseed Oil Market Size in Europe

The Europe crude rapeseed oil market rose notably to $X in 2023, picking up by X% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Crude Rapeseed Oil Production in Europe

In value terms, crude rapeseed oil production expanded notably to $X in 2023 estimated in export price. The total production indicated a pronounced increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Crude Rapeseed Oil Exports

Exports in Europe

In 2023, crude rapeseed oil exports in Europe soared to X tons, increasing by X% against the previous year. Total exports indicated a remarkable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, crude rapeseed oil exports rose modestly to $X in 2023. Overall, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

Russia was the main exporter of crude rape, colza or mustard oil in Europe, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by Germany (X tons), France (X tons), Ukraine (X tons), Belarus (X tons) and the Netherlands (X tons), together achieving a X% share of total exports. Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to crude rapeseed oil exports from Russia stood at X%. At the same time, Ukraine (X%), Belarus (X%), France (X%), Belgium (X%), Germany (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. While the share of Russia (X p.p.), Ukraine (X p.p.) and Belarus (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the Netherlands (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest crude rapeseed oil supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by France, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and France (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then dropped dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the other leaders experienced a decline in the export price figures.

Crude Rapeseed Oil Imports

Imports in Europe

For the sixth year in a row, Europe recorded growth in purchases abroad of crude rape, colza or mustard oil, which increased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in the near future.

In value terms, crude rapeseed oil imports contracted remarkably to $X in 2023. Over the period under review, imports saw a temperate increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then reduced markedly in the following year.

Imports by Country

The Netherlands (X tons), Belgium (X tons), Norway (X tons) and Germany (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Sweden (X tons), creating a X% share of total imports. The following importers - Latvia (X tons), Spain (X tons), Poland (X tons), the UK (X tons), Austria (X tons), Russia (X tons) and Hungary (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Russia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Norway ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Germany, Sweden, Spain, Latvia, Poland, the UK, Austria, Russia and Hungary lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2023, the import price in Europe amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price recorded a mild shrinkage. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2022, and then declined sharply in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in the UK ($X per ton) and Austria ($X per ton), while Latvia ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform