Rapeseed, colza or mustard oil and fractions market in Eastern Asia

Earlier Report Observations

From 2018 to 2020, the market volume for rapeseed, colza, and mustard oil in Eastern Asia saw modest fluctuations, starting at 6.1 million tons before dipping to 5.9 million tons in 2019. This initial decline coincided with the US-China trade dispute, which introduced price volatility and affected market sentiment. The subsequent recovery to 6.1 million tons in 2020 was supported by growing imports, partly facilitated by expanding crush capacity in Canada, a key supply region.

The market expanded significantly to 6.7 million tons in 2021. However, in 2022, volume contracted sharply to 5.8 million tons. This drop was primarily driven by a steep reduction in imports into China, which fell by approximately 50%, coupled with a reported decrease in domestic consumption within the region that year.

A strong rebound followed in 2023, with market volume surging to 7.7 million tons. This growth occurred amid global supply constraints, including drought-reduced canola harvests in Canada and sustained demand for biodiesel in the European Union, which influenced trade flows and prices. Looking ahead, China's anti-dumping investigation into Canadian imports has begun altering trade patterns, while rising consumer preference for healthier, non-GMO, and cold-pressed oils is shaping long-term demand dynamics.

Production rapeseed, colza or mustard oil and fractions in Eastern Asia

In kind, 2017-2020, K t

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

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

Eastern Asia's production of rapeseed, colza, or mustard oil and fractions has declined for the second year in a row. In 2020, the region produced 3,948 thousand tonnes, marking a 3.4% decrease from the previous year. Looking at the period from 2017 to 2020, production fell by 15.1%, which translates to an average annual decline of 5.3%. The highest production level was recorded in 2018 at 4,672 thousand tonnes. The most significant drop occurred in 2019 with a 12.5% decrease, while the largest increase was seen in 2018 at 0.5%.

Annual dynamics of production in Eastern Asia in kind, 2017-2020, K t

In value, 2017-2020, M $ US

In 2020, the value of rapeseed, colza, or mustard oil and fractions production in Eastern Asia reached 5,518 million US dollars, representing a 4.5% increase compared to the previous year. Over the 2017-2020 period, production value decreased by 5%, with a compound annual growth rate of -1.7%. The lowest value was recorded in 2019 at 5,278 million US dollars, while the highest was in 2018 at 5,910 million US dollars. The most substantial decline occurred in 2019 with a 10.7% drop.

Annual dynamics of production in Eastern Asia in value, 2017-2020, M $ US

Exports rapeseed, colza or mustard oil and fractions from Eastern Asia

Exports in kind, K t

Exports of rapeseed, colza, or mustard oil and fractions from Eastern Asia have fallen for the third consecutive year. In 2020, export volumes totaled 9 thousand tonnes, reflecting a 37.1% decrease from the previous year. From 2017 to 2020, exports declined by 55.2%, averaging an annual reduction of 23.5%.

Annual dynamics of product's exports from Eastern Asia in kind, 2017-2020, K t

Between 2017 and 2020, exports in kind were spread across numerous partner countries. Malaysia accounted for 7.0% of exports, Singapore for 4.9%, and Vietnam for 3.4%, with these three countries together making up just 15.3% of total export flows.

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

World map of product's exports from Eastern Asia in kind, 2017-2020

Exports in value, M $ US

Exports of rapeseed, colza, or mustard oil and fractions from Eastern Asia have decreased for the third year in a row. In 2020, export value stood at 12 million US dollars, showing a sharp 31.9% drop compared to 2019. Over the 2017-2020 period, exports fell by 49.9%, with a compound annual growth rate of -20.6%.

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

The structure of exports in value terms from 2017 to 2020 was diversified, with Vietnam contributing 6.2%, Malaysia 5.8%, and Singapore 4.1% of total export value. Combined, these three countries represented only 16.1% of total flows, and no single country held a clearly dominant position.

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

World map of product's exports from Eastern Asia in value, 2017-2020

Imports rapeseed, colza or mustard oil and fractions to Eastern Asia

Imports in kind, K t

Imports of rapeseed, colza, or mustard oil and fractions into Eastern Asia have risen for the third consecutive year. In 2020, the region imported approximately 2,146 thousand tonnes, which is a 16.2% increase from the previous year. From 2017 to 2020, imports grew by 118.8%, averaging an annual increase of 29.8%.

Annual dynamics of product's imports to Eastern Asia in kind, 2017-2020, K t

From 2017 to 2020, Canada was the leading source of imports in kind, accounting for 69.2% of the total. The United Arab Emirates followed with 8.9%, and Russia with 7.2%. Together, these three countries made up 85.3% of total import flows.

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

World map of product's imports to Eastern Asia in kind, 2017-2020

Imports in value, M $ US

Imports of rapeseed, colza, or mustard oil and fractions into Eastern Asia have increased for the third year in a row. In 2020, import value reached 1,833 million US dollars, indicating a 20.2% year-over-year rise. Between 2017 and 2020, imports surged by 119.5%, with an average annual growth rate of 30.0%.

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

During the 2017-2020 period, Canada remained the principal supplier in value terms, representing 68.0% of imports. The United Arab Emirates accounted for 8.7%, and Russia for 7.5%. Collectively, these three countries contributed 84.1% of total import value.

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

World map of product's imports to Eastern Asia in value, 2017-2020