Market research

Rapeseed, colza or mustard oil and fractions market in Central America

$Rapeseed, colza or mustard oil and fractions market in Central America$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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"Central America" region includes following countries:

Belize

Costa Rica

El Salvador

Guatemala

Honduras

Mexico

Nicaragua

Panama

Earlier Report Observations

The rapeseed, colza, or mustard oil market in Central America showed considerable volatility in volume from 2018 to 2022. Starting at 647 thousand tons in 2018, the market size fell to 567 thousand tons the following year before a modest recovery to 580 thousand tons in 2020. A significant expansion to 658 thousand tons occurred in 2021, but this gain was reversed in 2022 when consumption contracted to 564 thousand tons.

Market volume rebounded sharply in 2023, growing by 24% to reach 697 thousand tons. This increase took place amid armed conflicts in the Middle East and Europe, which elevated the cost of key agricultural inputs like petroleum, phosphate, and potassium in Costa Rica, indirectly pressuring the vegetable oils sector through higher raw material expenses. Looking at 2024, industry emphasis was placed on investing in technology and training to bolster the logistics chain and competitiveness within Costa Rica's vegetable oil market, particularly for palm oil, a dynamic that could influence conditions for rapeseed and similar oils.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Central America
  1. 5.1.1. Annual dynamics of production in Central America in kind, 2018-2023, K t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Belize in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Belize by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Belize in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Belize by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Belize, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Belize by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Belize in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Belize by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Belize in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Belize by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Belize, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Belize by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Belize in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Belize by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Belize in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Belize by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Belize, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Belize by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Belize in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Belize by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Belize in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Belize by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Belize, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Belize by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production rapeseed, colza or mustard oil and fractions in Central America

In kind, 2017-2020, K t

Top producers of rapeseed, colza or mustard oil and fractions, 2017-2020

Source: SHEV.io

World map of production of rapeseed, colza or mustard oil and fractions, 2017-2020

Source: SHEV.io

Central America's production of rapeseed, colza, or mustard oil and fractions has declined for the third year in a row. In 2020, the region produced 528.9 thousand tonnes, marking a 1.6% decrease from the previous year. Looking at the period from 2017 to 2020, production fell by 14.9%, which translates to an average annual decline of 5.2%.

Annual dynamics of production in Central America in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(8.9%)	(5.1%)	(1.6%)	(5.2%)

Source: SHEV.io

Exports rapeseed, colza or mustard oil and fractions from Central America

Exports in kind, t

The market displayed an unstable pattern during this period. The lowest export volume was recorded in 2018 at 25 tonnes, while the highest occurred in 2017, resulting in a peak-to-trough ratio of 101 times. In 2020, Central America's exports of rapeseed, colza, or mustard oil and fractions totaled 807 tonnes, representing a dramatic increase of 844.3% compared to the year before. The largest decline was seen in 2018, with a drop of 99.0%.

Annual dynamics of product's exports from Central America in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(99.0%)	241.3%	844.3%	(31.7%)

Source: SHEV.io

From 2017 to 2020, the United States was the primary market for Central America's exports of rapeseed, colza, or mustard oil and fractions in kind, accounting for 56.8% of total flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Central America in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

The market exhibited an unstable trend throughout the timeframe. The lowest export value was recorded in 2018 at 0.6 million US dollars, while the highest was in 2017, showing a 5.7-fold gap. In 2020, Central America exported 1.0 million US dollars worth of rapeseed, colza, or mustard oil and fractions, indicating a steep rise of 25.7% year-over-year. The largest decline occurred in 2018, with a decrease of 82.5%.

Annual dynamics of product's exports from Central America in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(82.5%)	22.7%	25.7%	(35.4%)

Source: SHEV.io

Throughout 2017 to 2020, the United States remained the principal buyer of rapeseed, colza, or mustard oil and fractions from Central America in value terms, taking 46.6% of total exports.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Central America in value, 2017-2020

Source: SHEV.io

Imports rapeseed, colza or mustard oil and fractions to Central America

Imports in kind, t

The market showed signs of volatility over the observed period. The minimum import volume was recorded in 2019 at 29 301 tonnes, while the maximum was in 2017, resulting in a 3.3-fold variation. In 2020, Central America's imports of rapeseed, colza, or mustard oil and fractions reached 51 969 tonnes, amounting to a sharp increase of 77.4% from the previous year. The largest decline was recorded in 2019, with a drop of 63.9%.

Annual dynamics of product's imports to Central America in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(15.3%)	(63.9%)	77.4%	(18.5%)

Source: SHEV.io

In 2017 to 2020, the partner structure for imports in kind was dominated by the United States and Canada, which together accounted for 97.1% of total flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Central America in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

The market showed signs of volatility over the observed period. The minimum import value was recorded in 2019 at 35.8 million US dollars, while the peak hit in 2017, with a 3.1-fold gap. In 2020, cross-border shipments of rapeseed, colza, or mustard oil and fractions to Central America were recorded at 62.6 million US dollars, amounting to an abrupt rise of 74.8% compared to 2019. The largest decline occurred in 2019, with a decrease of 62.0%.

Annual dynamics of product's imports to Central America in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(13.8%)	(62.0%)	74.8%	(17.0%)

Source: SHEV.io

From 2017 to 2020, the United States and Canada clearly led the country ranking for imports in value terms, with their combined share reaching 96.6% of total flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Central America in value, 2017-2020

Source: SHEV.io