Report Update: May 1, 2024

Slovakia - Crude Rape, Colza Or Mustard Oil - Market Analysis, Forecast, Size, Trends And Insights

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Crude Rapeseed Oil Price in Slovakia - 2023

Crude Rapeseed Oil Price in Slovakia (FOB) - 2022

The average crude rapeseed oil export price stood at $1,724 per ton in 2022, growing by 32% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude rapeseed oil export price increased by +106.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 40% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Czech Republic ($1,799 per ton) and Hungary ($1,772 per ton), while the average price for exports to Italy ($1,248 per ton) and Austria ($1,460 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Rapeseed Oil Price in Slovakia (CIF) - 2023

In May 2023, the average crude rapeseed oil import price amounted to $1,482 per ton, which is down by -5.7% against the previous month. Overall, the import price showed a perceptible curtailment. The pace of growth was the most pronounced in December 2022 when the average import price increased by 16% against the previous month. The import price peaked at $2,104 per ton in May 2022; however, from June 2022 to May 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In May 2023, the country with the highest price was the Czech Republic ($1,555 per ton), while the price for Austria ($1,091 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Ukraine (0.0%), while the prices for the other major suppliers experienced a decline.

Crude Rapeseed Oil Exports in Slovakia

In 2022, after three years of growth, there was significant decline in shipments abroad of crude rape, colza or mustard oil, when their volume decreased by -21.8% to 13K tons. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 121% against the previous year. As a result, the exports attained the peak of 17K tons, and then plummeted in the following year.

In value terms, crude rapeseed oil exports rose modestly to $23M in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 209% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Crude Rapeseed Oil in Slovakia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Hungary	0.2	3.9	17.4	20.0	364.2%
Austria	N/A	N/A	N/A	1.0	0%
Italy	N/A	1.5	3.3	0.7	-31.7%
Estonia	0.1	N/A	N/A	0.3	44.2%
Poland	3.9	1.2	N/A	0.2	-62.8%
Lithuania	1.2	N/A	N/A	N/A	0%
Others	0.5	0.4	1.1	0.2	-26.3%
Total	5.9	7.1	21.8	22.5	56.2%

Top Export Markets for Crude Rapeseed Oil from Slovakia in 2022:

Hungary (11.3K tons)
Austria (0.7K tons)
Italy (0.6K tons)
Estonia (0.2K tons)
Poland (0.2K tons)

Crude Rapeseed Oil Imports in Slovakia

In 2022, after three years of growth, there was significant decline in purchases abroad of crude rape, colza or mustard oil, when their volume decreased by -54.8% to 2.7K tons. Overall, imports faced a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. As a result, imports attained the peak of 5.9K tons, and then reduced markedly in the following year.

In value terms, crude rapeseed oil imports fell significantly to $4.5M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +6.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 58% against the previous year. As a result, imports reached the peak of $6.4M, and then contracted notably in the following year.

Import of Crude Rapeseed Oil in Slovakia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Czech Republic	2,069	1,657	2,082	2,107	0.6%
Hungary	12.2	300	399	627	271.8%
Ukraine	N/A	N/A	N/A	381	0%
Serbia	N/A	N/A	388	283	-27.1%
Italy	N/A	3.5	83.2	68.0	340.8%
Poland	101	352	N/A	65.7	-13.4%
Austria	57.7	107	N/A	N/A	85.4%
France	N/A	1,358	782	N/A	-42.4%
Others	1,432	292	2,685	944	-13.0%
Total	3,673	4,070	6,419	4,476	6.8%

Top Suppliers of Crude Rapeseed Oil to Slovakia in 2022:

Czech Republic (1039.1 tons)
Hungary (380.4 tons)
Ukraine (317.5 tons)
Serbia (244.4 tons)
Italy (49.5 tons)
Poland (25.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the crude rapeseed oil market in Slovakia. 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:

Slovakia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Slovakia
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023