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

Earlier Report Observations

Between 2018 and 2023, the market volume for rapeseed, colza or mustard oil and fractions in Western Asia contracted significantly from 382 thousand tons to 171 thousand tons. This decline coincided with a substantial rise in exports, which increased from 60 thousand tons to 465 thousand tons over the period, while domestic production grew from 366 thousand tons to 515 thousand tons.

In 2023, production and export of rapeseed oil were bolstered by growing industrial applications in biodiesel manufacturing, cosmetics, and personal care products, which sustained higher output levels. Concurrently, supply chain disruptions and trade tensions, such as tariffs between major powers, influenced global trade flows and contributed to price volatility in related petrochemical markets.

By 2024, broader economic factors continued to affect commodity markets, including shifts in sunflower oil prices that could influence substitution trends. Furthermore, major industry participants like Bunge Loders Croklaan expanded their oil portfolios to meet organic demand in Europe, potentially supporting export channels for rapeseed oil from the region.

Production rapeseed, colza or mustard oil and fractions in Western 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

Production of rapeseed, colza, or mustard oil and fractions in Western Asia has increased for the second year in a row. In 2020, the region produced 547.8 thousand tonnes, marking a sharp 35.0% rise compared to 2019. Over the period from 2017 to 2020, production grew by 23.9%, with an average annual growth rate of 7.4%. The lowest production level was recorded in 2018 at 366.0 thousand tonnes, which also saw the largest decline of 17.2%.

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

In value, 2017-2020, M $ US

Following a two-year decline, production of rapeseed, colza, or mustard oil and fractions in Western Asia rebounded in 2020. The output was valued at 473.7 million US dollars, representing a 42.0% increase from the previous year. From 2017 to 2020, production rose by 20.8%, translating to an annualized growth rate of 6.5%. The lowest value was observed in 2019 at 333.6 million US dollars, with the largest drop of 11.5% occurring in 2018.

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

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

Exports in kind, K t

Exports of rapeseed, colza, or mustard oil and fractions from Western Asia have grown for the third consecutive year. In 2020, the region shipped 449.7 thousand tonnes abroad, up by 70.8% compared to 2019. Between 2017 and 2020, exports surged by 1 066.6%, equating to an average annual increase of 126.8%.

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

From 2017 to 2020, China accounted for 74.4% of total exports in volume, while the remaining flows were spread across a diverse group of smaller countries.

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

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

Exports in value, M $ US

Western Asia's exports of rapeseed, colza, or mustard oil and fractions have risen for the third year in a row. In 2020, export value reached 388.9 million US dollars, a 79.7% year-over-year increase. Over the 2017-2020 period, exports grew by 1 037.5%, with a compound annual growth rate of 124.9%.

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

Throughout 2017-2020, China dominated the export partner structure in value terms, holding a 72.5% share of total flows. Other markets contributed relatively modest shares.

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

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

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

Imports in kind, K t

In 2020, Western Asia imported 71.1 thousand tonnes of rapeseed, colza, or mustard oil and fractions, an 11.7% increase from 2019. Between 2017 and 2020, imports rose by 4.7%, with an annualized growth rate of 1.5%. The lowest import volume was recorded in 2019 at 63.7 thousand tonnes, while the highest was in 2018 at 75.9 thousand tonnes. The largest decline of 16.1% occurred in 2019, and the largest increase of 11.7% was seen in 2018.

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

From 2017 to 2020, Belgium (23.1% of import volume), Germany (8.5%), and Estonia (7.5%) were key suppliers of rapeseed, colza, or mustard oil and fractions to Western Asia. However, their combined share reached only 39.0% of total imports, with the remaining 61.0% distributed among numerous other partners.

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

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

Imports in value, M $ US

In 2020, cross-border shipments of rapeseed, colza, or mustard oil and fractions into Western Asia totaled 89.1 million US dollars, showing a solid 14.6% year-over-year uptick. Between 2017 and 2020, imports increased by 9.4%, equating to an annualized growth rate of 3.1%. The lowest value was recorded in 2019 at 77.8 million US dollars, which also saw the largest decline of 12.7%.

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

During 2017-2020, the supplier portfolio for rapeseed, colza, or mustard oil and fractions to Western Asia was broad. Belgium (22.2% of import value), Germany (8.4%), and Bangladesh (7.5%) together contributed only 38.1% of total imports, while many other countries held smaller but notable shares.

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

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