Rapeseed, colza or mustard oil and fractions market in Latvia

Earlier Report Observations

From 2018 to 2021, the rapeseed oil market in Latvia showed significant growth followed by stabilization. In 2018, an increase in rapeseed planted area driven by demand for biofuels and exports within the EU laid the foundation for production. The market volume reached 108 thousand tons in 2019, supported by the rising popularity of cold-pressed rapeseed oil as a natural product in the food and cosmetics industries. In 2020, sustained growth in rapeseed crushing for biodiesel in Europe maintained production, although the overall market volume slightly decreased to 103 thousand tons. By 2021, despite a drop in domestic output, growing biodiesel production in the EU for renewable energy goals helped keep consumption at 101 thousand tons.

During the 2022-2025 period, the market continued to evolve under external influences. In 2022, market volume rose to 113 thousand tons, driven by increasing consumer demand and advancements in seed processing techniques. However, in 2023, price volatility due to fluctuating crop yields and shifting trade policies contributed to a decline to 109 thousand tons. EU renewable energy policies and biodiesel mandates kept rapeseed oil demand high in 2024, while global supply chain disruptions affected trade flows. By 2025, the biodiesel segment remained the largest consumer of rapeseed oil in Europe, and technological advancements such as cold pressing and hexane-free methods supported market development in Latvia.

Production rapeseed, colza or mustard oil and fractions in Latvia

In kind, 2018-2021, K t

From 2018 to 2021, Latvia ranked 30th globally in the production volume 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

After rising for two years, Latvia's production of rapeseed, colza, or mustard oil and fractions declined. In 2021, Latvia produced 55 K t, down 14.2% from the previous year. Over the 2018-2021 period, production increased by 5.4%, with a compound annual growth rate of 1.8%. The highest production was recorded in 2020 at 64 K t, while the largest year-on-year increase occurred in 2019 at 15.0%.

Annual dynamics of production in Latvia in kind, 2018-2021, K t

Exports rapeseed, colza or mustard oil and fractions from Latvia

Exports in kind, t

The market showed an unstable trend during this period. Exports reached their lowest point in 2019 at 5 961 t and peaked in 2020 at 13 203 t, representing a 2.2-fold difference. In 2021, exports from Latvia totaled 7 365 t, a decrease of 44.2% compared to the previous year. The largest increase was recorded in 2020 at 121.5%.

Annual dynamics of product's exports from Latvia in kind, 2018-2021, t

From 2018 to 2021, the main markets for Latvia's exports in kind were Lithuania (33.4% of exports), Estonia (29.3%), and Denmark (25.7%), together accounting for 88.5% of total flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Latvia in kind, 2018-2021

Exports in value, K $ US

The market exhibited volatility during these years. Export values fluctuated 2.2 times between the low of 2019 at 5 067 K $ US and the high of 2020 at 11 253 K $ US. In 2021, exports totaled 9 912 K $ US, reflecting an 11.9% decline from the prior year. The largest decrease occurred in 2019 at 31.6%, while the largest increase was in 2020 at 122.1%.

Annual dynamics of product's exports from Latvia in value, 2018-2021, K $ US

From 2018 to 2021, three main markets—Lithuania, Estonia, and Denmark—together absorbed 87.4% of Latvia's total export value for rapeseed, colza, or mustard oil and fractions.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Latvia in value, 2018-2021

Imports rapeseed, colza or mustard oil and fractions to Latvia

Imports in kind, t

In 2021, Latvia's imports of rapeseed, colza, or mustard oil and fractions amounted to 53 380 t, a 1.4% increase year-over-year. Over the 2018-2021 period, imports grew by 44.2%, with a compound annual growth rate of 13.0%. The highest import volume was recorded in 2019 at 54 381 t. The largest decline occurred in 2020 at 3.2%, while the largest increase was in 2019 at 46.9%.

Annual dynamics of product's imports to Latvia in kind, 2018-2021, t

From 2018 to 2021, three main markets—Russia, Estonia, and Lithuania—together supplied 91.6% of Latvia's total imports in kind of rapeseed, colza, or mustard oil and fractions.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Latvia in kind, 2018-2021

Imports in value, K $ US

The volume of rapeseed, colza, or mustard oil and fractions imports into Latvia increased for the third consecutive year. In 2021, import volume reached 71 383 K $ US, marking a 50.7% rise from 2020. Between 2018 and 2021, imports increased by 122.4%, equating to an annualized rate of 30.5%.

Annual dynamics of product's imports to Latvia in value, 2018-2021, K $ US

Throughout 2018-2021, Russia (53.9% of imports in value terms), Estonia (25.0%), and Lithuania (11.4%) formed the core of Latvia's imports, together accounting for 90.3% of total flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Latvia in value, 2018-2021