MERCOSUR: Crude Rapeseed Oil Market 2024

Crude Rapeseed Oil Market Size in MERCOSUR

The MERCOSUR crude rapeseed oil market rose slightly to $X in 2022, surging by X% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2022: its value 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, consumption increased by X% against 2019 indices. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Crude Rapeseed Oil Production in MERCOSUR

In value terms, crude rapeseed oil production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Crude Rapeseed Oil Exports

Exports in MERCOSUR

Crude rapeseed oil exports surged to X tons in 2022, growing by X% against the year before. Over the period under review, exports continue to indicate a measured expansion. 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 soared to $X in 2022. Overall, exports saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Paraguay (X tons) and Uruguay (X tons) dominates exports structure, together generating X% of total exports. Brazil (X tons) and Chile (X tons) followed a long way behind the leaders.

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

In value terms, the largest crude rapeseed oil supplying countries in MERCOSUR were Paraguay ($X), Uruguay ($X) and Chile ($X), together comprising X% of total exports. These countries were followed by Brazil, which accounted for a further X%.

Brazil, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the export price in MERCOSUR amounted to $X per ton, growing by X% against the previous year. Export price indicated a pronounced increase 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, crude rapeseed oil export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in years to come.

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 Chile ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

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

Crude Rapeseed Oil Imports

Imports in MERCOSUR

Crude rapeseed oil imports contracted to X tons in 2022, shrinking by X% on 2021. In general, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2017 when imports increased by X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, crude rapeseed oil imports expanded rapidly to $X in 2022. Over the period under review, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Chile was the key importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by Colombia (X tons) and Brazil (X tons), together mixing up a X% share of total imports.

Imports into Chile increased at an average annual rate of X% from 2012 to 2022. At the same time, Colombia (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Colombia and Chile increased by X and X percentage points, respectively.

In value terms, Chile ($X) constitutes the largest market for imported crude rape, colza or mustard oil in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports.

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

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price enjoyed temperate growth. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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