It was distantly followed by Malaysia (71K tonnes), constituting a 27% share of total exports. Exports by CountryĪustralia represented the major exporter of rapeseed oil exported in Asia-Pacific, with the volume of exports accounting for 167K tonnes, which was approx. In value terms, rapeseed oil exports totaled $282M ( IndexBox estimates) in 2018. Based on 2018 figures, rapeseed oil exports increased by +20.2% against 2016 indices. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The total exports indicated temperate growth from 2007 to 2018: its volume increased at an average annual rate of +2.8% over the last eleven years. In 2018, the amount of rapeseed oil exported in Asia-Pacific totaled 267K tonnes, going up by 4.7% against the previous year. The remaining producing countries recorded the following average annual rates of production growth: India (+1.0% per year) and Japan (+1.9% per year). In China, rapeseed oil production increased at an average annual rate of +3.9% over the period from 2007-2018. The third position in this ranking was occupied by Japan (1.2M tonnes), with a 10% share. Moreover, rapeseed oil production in China exceeded the figures recorded by the second-largest producer, India (2.6M tonnes), threefold. Production By CountryĬhina (6.6M tonnes) constituted the country with the largest volume of rapeseed oil production, accounting for 59% of total volume. The total output volume increased at an average annual rate of +2.9% over the period from 2007 to 2018 the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. In 2018, the amount of rapeseed oil produced in Asia-Pacific totaled 11M tonnes, jumping by 3.2% against the previous year. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.4% for the period from 2018 to 2030, which is projected to bring the market volume to 17M tonnes by the end of 2030. Market Forecast to 2030ĭriven by increasing demand for rapeseed oil in Asia-Pacific, the market is expected to continue an upward consumption trend over the next decade. The countries with the highest levels of rapeseed oil per capita consumption in 2018 were Australia (16,769 kg per 1000 persons), Japan (9,202 kg per 1000 persons) and China (5,144 kg per 1000 persons). Pakistan and Australia lagged somewhat behind, together comprising a further 4.4%. In value terms, China ($9.4B), India ($5.8B) and Japan ($2.5B) appeared to be the countries with the highest levels of market value in 2018, with a combined 93% share of the total market. In other countries, the average annual rates were as follows: India (+1.6% per year) and Japan (+1.8% per year). The third position in this ranking was occupied by Japan (1.2M tonnes), with a 9.3% share.įrom 2007 to 2018, the average annual growth rate of volume in China amounted to +4.3%. Moreover, rapeseed oil consumption in China exceeded the figures recorded by the second-largest consumer, India (2.8M tonnes), threefold. Consumption By CountryĬhina (7.5M tonnes) remains the largest rapeseed oil-consuming country in Asia-Pacific, accounting for 59% of total volume. Over the period under review, the rapeseed oil market reached its peak figure level in 2018 and is expected to retain its growth in the immediate term. The market value increased at an average annual rate of +4.6% from 2007 to 2018 however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The revenue of the rapeseed oil market in Asia-Pacific amounted to $19.1B in 2018, rising by 6.2% against the previous year. Here is a summary of the report’s key findings. IndexBox has just published a new report: ‘Asia-Pacific – Rapeseed Oil – Market Analysis, Forecast, Size, Trends and Insights’. In 2018, the amount of rapeseed oil produced in Asia-Pacific totaled 11M tonnes, jumping by 3.2%. 1.6M tonnes of rapeseed oil were imported in Asia-Pacific surging by 15%. From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Malaysia.
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