Earlier Report Observations
The Australian market for rapeseed, colza, and mustard oil expanded significantly between 2018 and 2023, with consumption volume rising from 245.5 thousand tons to 388.8 thousand tons. After a slight dip to 237.2 thousand tons in 2019, the market surged by over 30% in 2020 and maintained steady growth through 2023.
This expansion was supported by increased domestic production capacity, notably through Cargill's $50 million investment in 2023 to upgrade and expand oilseed crushing facilities in Newcastle, Narrabri, and Footscray. The investment aimed to boost output of rapeseed oil and meet growing demand for omega-enriched products, enhancing local supply.
Global market dynamics, including trade flows such as exports from Canada to Australia, also contributed to the availability and activity within the Australian market over the period.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2025
- 4.1.1.3. Exports, 2018-2025
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Australia
- 5.1.1. Annual dynamics of production in Australia in kind, 2018-2023, K t
- 5.1.2. Annual dynamics of production in Australia in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Australia
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, K t
- 6.1.2.1. Annual dynamics of product's imports to Australia in kind, 2018-2025, K t
- 6.1.2.2. Dynamics of product's imports in kind to Australia by countries, 2018-2025, K t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
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6.1.3. Imports in value, M $ US
- 6.1.3.1. Annual dynamics of product's imports to Australia in value, 2018-2025, M $ US
- 6.1.3.2. Dynamics of product's imports in value to Australia by countries, 2018-2025, M $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Australia, 2018-2025, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Australia by countries, 2018-2025, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, K t
- 6.2.2.1. Annual dynamics of product's imports to Australia in kind, 2018-2025, K t
- 6.2.2.2. Dynamics of product's imports in kind to Australia by countries, 2018-2025, K t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
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6.2.3. Imports in value, M $ US
- 6.2.3.1. Annual dynamics of product's imports to Australia in value, 2018-2025, M $ US
- 6.2.3.2. Dynamics of product's imports in value to Australia by countries, 2018-2025, M $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Australia, 2018-2025, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Australia by countries, 2018-2025, $ US/t
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, K t
- 7.1.2.1. Annual dynamics of product's exports from Australia in kind, 2018-2025, K t
- 7.1.2.2. Dynamics of product's exports in kind from Australia by countries, 2018-2025, K t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
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7.1.3. Exports in value, M $ US
- 7.1.3.1. Annual dynamics of product's exports from Australia in value, 2018-2025, M $ US
- 7.1.3.2. Dynamics of product's exports in value from Australia by countries, 2018-2025, M $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
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7.1.4. Average price of product's exports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's exports from Australia, 2018-2025, $ US/t
- 7.1.4.2. Dynamics of average price of product's exports from Australia by countries, 2018-2025, $ US/t
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, K t
- 7.2.2.1. Annual dynamics of product's exports from Australia in kind, 2018-2025, K t
- 7.2.2.2. Dynamics of product's exports in kind from Australia by countries, 2018-2025, K t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
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7.2.3. Exports in value, M $ US
- 7.2.3.1. Annual dynamics of product's exports from Australia in value, 2018-2025, M $ US
- 7.2.3.2. Dynamics of product's exports in value from Australia by countries, 2018-2025, M $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
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7.2.4. Average price of product's exports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's exports from Australia, 2018-2025, $ US/t
- 7.2.4.2. Dynamics of average price of product's exports from Australia by countries, 2018-2025, $ US/t
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, K t
- 8.1.2. In value, M $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, K t
- 8.2.2. In value, M $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2025
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production rapeseed, colza or mustard oil and fractions in Australia
In kind, 2018-2021, K t
Between 2018 and 2021, Australia ranked 14th globally in the production of rapeseed, colza, or mustard oil and fractions.
Top producers of rapeseed, colza or mustard oil and fractions, 2018-2021
World map of production of rapeseed, colza or mustard oil and fractions, 2018-2021
Australia's production of rapeseed, colza, or mustard oil and fractions grew for the third year in a row. In 2021, the country produced 509.7 thousand tonnes, which represents a 26.6% increase compared to the previous year. Over the period from 2018 to 2021, production rose by 33%, translating to an average annual growth rate of 10.0%.
Annual dynamics of production in Australia in kind, 2018-2021, K t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 0.2% | 4.9% | 26.6% | 10.0% |
Exports rapeseed, colza or mustard oil and fractions from Australia
Exports in kind, K t
The market exhibited significant volatility during these years. Export volumes reached their lowest point in 2020 at 104.9 thousand tonnes and peaked in 2021 at 188.1 thousand tonnes, showing a 1.8-fold variation between these extremes. In 2021, exports surged by 79.3% compared to 2020. The largest decline occurred in 2020, with a drop of 35.8%.
Annual dynamics of product's exports from Australia in kind, 2018-2021, K t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 6.1% | (35.8%) | 79.3% | 6.9% |
From 2018 to 2021, Indonesia, New Zealand, and Italy remained the primary buyers of rapeseed, colza, or mustard oil and fractions from Australia. Indonesia accounted for 1.7% of exports in kind, New Zealand for 1.0%, and Italy for 0.7%. Together, these three countries made up 3.4% of Australia's total exports in kind.
Structure of product's exports in kind by countries, 2018-2021
World map of product's exports from Australia in kind, 2018-2021
Exports in value, M $ US
The data shows irregular fluctuations, pointing to a volatile market environment. Import levels varied 2.5 times, with the low recorded in 2020 at 101.7 million US dollars and the high in 2021 at 252.6 million US dollars. In 2021, exports increased by 148.3% compared to the previous year. The largest decline was observed in 2020, at 28.9%.
Annual dynamics of product's exports from Australia in value, 2018-2021, M $ US
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (2.5%) | (28.9%) | 148.3% | 19.8% |
Between 2018 and 2021, Australia's exports of rapeseed, colza, or mustard oil and fractions in value terms were widely distributed across various markets. Indonesia contributed 1.7% of exports in value terms, New Zealand 1.0%, and Japan 0.8%. Collectively, these three countries accounted for just 3.5% of total export flows.
Structure of product's exports in value by countries, 2018-2021
World map of product's exports from Australia in value, 2018-2021
Imports rapeseed, colza or mustard oil and fractions to Australia
Imports in kind, K t
Australia's imports of rapeseed, colza, or mustard oil and fractions declined for the second consecutive year. In 2021, imports stood at 11.1 thousand tonnes, reflecting a substantial decrease of 23.7% compared to 2020. Over the 2018-2021 period, imports fell by 31.4%, with a compound annual growth rate of -11.8%. The highest import volume was recorded in 2019 at 16.6 thousand tonnes, which saw the largest increase of 2.6%.
Annual dynamics of product's imports to Australia in kind, 2018-2021, K t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 2.6% | (12.4%) | (23.7%) | (11.8%) |
From 2018 to 2021, Malaysia was the dominant source for Australia's imports in kind of rapeseed, colza, or mustard oil and fractions, making up 81.0% of total flows. The remaining share was distributed among several smaller markets.
Structure of product's imports in kind by countries, 2018-2021
World map of product's imports to Australia in kind, 2018-2021
Imports in value, M $ US
Australia's imports of rapeseed, colza, or mustard oil and fractions in value terms decreased for the second year in a row. In 2021, imports amounted to 18.0 million US dollars, marking a slight year-on-year decline of 1.5%. Between 2018 and 2021, imports dropped by 7.1%, equivalent to an average annual decrease of 2.4%. The peak value was in 2019 at 19.6 million US dollars, which also saw the largest increase of 1.1%. The largest decline occurred in 2020, at 6.8%.
Annual dynamics of product's imports to Australia in value, 2018-2021, M $ US
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 1.1% | (6.8%) | (1.5%) | (2.4%) |
Between 2018 and 2021, Malaysia continued to be the leading supplier of rapeseed, colza, or mustard oil and fractions to Australia in value terms, accounting for 76.7% of total imports. The rest was spread across numerous other countries.
Structure of product's imports in value by countries, 2018-2021
World map of product's imports to Australia in value, 2018-2021
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