Market research

Rapeseed, colza or mustard oil and fractions market in South Korea

$Rapeseed, colza or mustard oil and fractions market in South Korea$

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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Earlier Report Observations

Between 2018 and 2023, the market volume for rapeseed, colza or mustard oil and fractions in South Korea showed significant volatility. It began at 127 thousand tonnes in 2018, rose sharply to 156.9 thousand tonnes in 2019, then fell to 136.7 thousand tonnes in 2020 before surging to a period high of 166.1 thousand tonnes in 2021.

The market retreated to 145.3 thousand tonnes in 2022 and then saw a moderate recovery to 153 thousand tonnes in 2023. Over the full period, the market volume increased by 21%, despite the pronounced fluctuations between years.

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 South Korea
  1. 5.1.1. Annual dynamics of production in South Korea in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in South Korea in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, 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, 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 South Korea in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to South Korea 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 South Korea in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to South Korea 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 South Korea, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to South Korea 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 South Korea in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to South Korea 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 South Korea in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to South Korea 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 South Korea, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to South Korea 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 South Korea in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from South Korea 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 South Korea in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from South Korea 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 South Korea, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from South Korea 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 South Korea in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from South Korea 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 South Korea in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from South Korea 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 South Korea, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from South Korea 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 South Korea

In kind, 2017-2020, 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

South Korea's production of rapeseed, colza, or mustard oil and fractions declined for the second consecutive year. In 2020, the country produced 1 300 tonnes, marking an 18.8% decrease from the previous year. Over the period from 2017 to 2020, production fell by 34.9%, with a compound annual growth rate of 13.3%. The highest production level was recorded in 2018 at 2 800 tonnes, which saw a 40.3% increase. However, the largest decline occurred in 2019, with a 42.9% drop.

Annual dynamics of production in South Korea in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	40.3%	(42.9%)	(18.8%)	(13.3%)

Source: SHEV.io

In value, 2017-2020, K $ US

South Korea's production value of rapeseed, colza, or mustard oil and fractions declined for the third consecutive year. In 2020, the output was valued at 2 208 thousand US dollars, representing a 1.2% decrease from the previous year. From 2017 to 2020, production value decreased by 49%, with a compound annual growth rate of 20.1%.

Annual dynamics of production in South Korea in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.7%)	(47.4%)	(1.2%)	(20.1%)

Source: SHEV.io

Exports rapeseed, colza or mustard oil and fractions from South Korea

Exports in kind, K t

The market exhibited volatility during the observed period. Exports reached their lowest point in 2017 and peaked in 2018, showing a 4.2-fold swing. In 2020, South Korea exported 0.2 thousand tonnes of rapeseed, colza, or mustard oil and fractions, which is 45.8% lower than in 2019. The highest export volume was recorded in 2018 at 0.4 thousand tonnes, with a significant increase of 319.9% that year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	319.9%	(22.3%)	(45.8%)	20.9%

Source: SHEV.io

From 2017 to 2020, Japan, Australia, and the Philippines were the leading destinations for South Korea's exports in kind. Japan accounted for 32.2% of exports, Australia for 26.8%, and the Philippines for 15.9%. Together, these three countries represented 74.9% of total export flows.

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

Source: SHEV.io

World map of product's exports from South Korea in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

The data shows irregular changes, indicating a volatile market environment. Export values dropped to their minimum in 2017 and climbed to their maximum in 2018, reflecting a 2.9-fold shift. In 2020, South Korea exported 0.3 million US dollars of rapeseed, colza, or mustard oil and fractions, representing a 34.1% decrease compared to the previous year. The highest value was recorded in 2018 at 0.7 million US dollars, with a 194.1% increase that year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	194.1%	(28.5%)	(34.1%)	11.5%

Source: SHEV.io

Throughout 2017 to 2020, Japan, Australia, and the Philippines formed the core group of markets for South Korea's exports in value terms. Japan held a 28.8% share, Australia 20.3%, and the Philippines 15.2%. Collectively, these three countries accounted for 64.4% of total export flows.

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

Source: SHEV.io

World map of product's exports from South Korea in value, 2017-2020

Source: SHEV.io

Imports rapeseed, colza or mustard oil and fractions to South Korea

Imports in kind, K t

In 2020, South Korea imported 135.6 thousand tonnes of rapeseed, colza, or mustard oil and fractions, which is a notable decline of 12.9% compared to 2019. From 2017 to 2020, imports decreased by 2.2%, equating to an annualized rate of 0.7%. The lowest import volume was recorded in 2018 at 124.6 thousand tonnes, while the highest was in 2019 at 155.6 thousand tonnes, with a 24.9% increase that year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(10.1%)	24.9%	(12.9%)	(0.7%)

Source: SHEV.io

From 2017 to 2020, Canada was the primary source for South Korea's imports of rapeseed, colza, or mustard oil and fractions in kind, absorbing 90.2% of total imports.

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

Source: SHEV.io

World map of product's imports to South Korea in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

In 2020, South Korea's imports of rapeseed, colza, or mustard oil and fractions amounted to 113.9 million US dollars, representing an 8.0% decrease from 2019. Over the period from 2017 to 2020, imports decreased by 4%, with a compound annual growth rate of 1.3%. The lowest value was recorded in 2018 at 108.1 million US dollars, with an 8.9% decline that year. The highest value was in 2019 at 123.7 million US dollars, which saw a 14.5% increase.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(8.9%)	14.5%	(8.0%)	(1.3%)

Source: SHEV.io

From 2017 to 2020, Canada played a leading role in South Korea's imports in value terms, accounting for 88.1% of total flows, with the remainder distributed across other partners.

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

Source: SHEV.io

World map of product's imports to South Korea in value, 2017-2020

Source: SHEV.io