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

Earlier Report Observations

The market for rapeseed, colza, and mustard oil in Southern Asia showed significant shifts between 2018 and 2020. The market volume declined from 2 945 тыс. т in 2018 to 2 538 тыс. т in 2019, before rebounding sharply to 4 079 тыс. т in 2020.

A period of sustained growth followed from 2020 to 2023, with the market volume reaching 5 152 тыс. т in 2023. This expansion was underpinned by India's position as the world's largest mustard oil producer, where record rapeseed-mustard output of 13.2 million tons was reported for the 2023-24 season.

In 2024, key policy measures were enacted to support the sector. The Indian government approved the National Mission on Edible Oils – Oilseeds with a focus on increasing rapeseed-mustard production and raised import duties on crude edible oils to protect domestic farmers and prices.

Production rapeseed, colza or mustard oil and fractions in Southern 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

In 2020, Southern Asia produced 4 081 K t of rapeseed, colza, or mustard oil and fractions, marking a 60.6% year-over-year increase. Production grew by 62.6% between 2017 and 2020, which translates to an annualized growth rate of 17.6%. The most significant drop occurred in 2019, with a decline of 13.8%.

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

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

Exports in kind, t

Southern Asia's exports of rapeseed, colza, or mustard oil and fractions have risen for the third year in a row. In 2020, exports reached 6 851 t, up 8.5% from the previous year. From 2017 to 2020, exports increased by 54.1%, with a compound annual growth rate (CAGR) of 15.5%.

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

Between 2017 and 2020, Southern Asia's rapeseed, colza, or mustard oil and fractions exports were distributed across a wide range of buyers. Saudi Arabia accounted for 18.6% of exports in kind, the United Arab Emirates for 16.1%, and Malaysia for 2.8%, together making up 37.5% of total exports. Many other countries held smaller but still significant shares.

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

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

Exports in value, K $ US

Exports of rapeseed, colza, or mustard oil and fractions from Southern Asia have grown for the third consecutive year. In 2020, the region exported 24 897 K $ US worth of these products, a sharp increase of 98.8% compared to 2019. Over the 2017-2020 period, exports surged by 167.8%, with a CAGR of 38.9%.

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

From 2017 to 2020, the value-based export structure for rapeseed, colza, or mustard oil and fractions from Southern Asia was highly diversified. The United Arab Emirates contributed 22.0% of exports in value terms, Saudi Arabia 21.8%, and Oman 3.7%, together accounting for 47.4% of total flows. The remaining 52.6% was spread among numerous smaller trading partners.

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

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

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

Imports in kind, t

Southern Asia's imports of rapeseed, colza, or mustard oil and fractions have increased for the second straight year. In 2020, imports totaled 5 301 t, a 32.9% rise from the prior year. Between 2017 and 2020, imports grew by 49.3%, equivalent to an annualized rate of 14.3%. The lowest volume was recorded in 2018 at 2 503 t, which also saw the largest decline of 29.5%. In contrast, 2019 experienced the biggest increase of 59.3%.

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

During 2017-2020, Turkey, Spain, and Australia were the top suppliers of rapeseed, colza, or mustard oil and fractions to Southern Asia in terms of volume. Turkey held 28.2% of imports in kind, Spain 19.9%, and Australia 4.2%, collectively representing 52.2% of total imports.

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

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

Imports in value, K $ US

The market for these imports showed volatility from 2017 to 2020. Imports reached their lowest point in 2018 at 3 019 K $ US, with a decline of 26.7% that year. By 2020, deliveries to Southern Asia amounted to 6 937 K $ US, a sharp gain of 75.5% compared to 2019. Overall, import volumes varied 2.3 times between the low in 2018 and the high in 2020.

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

In the 2017-2020 period, Turkey, Spain, and Australia played significant but not dominant roles as suppliers of rapeseed, colza, or mustard oil and fractions to Southern Asia in value terms. Turkey accounted for 28.4% of imports in value terms, Spain for 15.7%, and Australia for 4.5%, with their combined share reaching 48.6% of total imports.

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

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