Market research

Rapeseed oilcake market in South Korea

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The South Korean rapeseed oilcake market volume expanded from 362 000 tons in 2018 to 387 000 tons in 2020, with imports supplying over 99% of the total. This initial growth period coincided with rising international oil prices, which affected costs and dynamics in related industries, including feed ingredients. The market was also influenced by an entrenched oligopoly of four major refiners, reinforcing a concentrated supply structure, alongside forecasts for continuous change in the domestic oil market.

After a slight dip to 380 000 tons in 2021, market volume surged to 425 000 tons in 2022 and reached 521 000 tons in 2023. This strong expansion aligned with broader industry shifts toward sustainability, where tightening environmental regulations and the rising demand for used cooking oil as a biofuel feedstock increased global rapeseed oil production, thereby boosting the availability of rapeseed oilcake for import into South Korea.

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. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, K t
  2. 7.1.2. In value, M $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, K t
  2. 7.2.2. In value, M $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production rapeseed oilcake in South Korea

In kind, 2017-2020, t

Top producers of rapeseed oilcake, 2017-2020

Source: SHEV.io

World map of production of rapeseed oilcake, 2017-2020

Source: SHEV.io

South Korea's rapeseed oilcake production has declined for two consecutive years. In 2019, production stood at 2,724 tons, but by 2020 it had dropped sharply to 1,700 tons—a 37.6% decrease from the previous year. Looking at the broader 2017-2020 period, production fell by 41.4%, with an average annual decline of 16.3%. The peak was in 2018 at 4,864 tons, which marked a 67.8% increase from 2017. However, this was followed by the steepest drop of 44.0% in 2019.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	67.8%	(44.0%)	(37.6%)	(16.3%)

Source: SHEV.io

Exports rapeseed oilcake from South Korea

According to market analysis, South Korea did not export any rapeseed oilcake between 2017 and 2020.

Imports rapeseed oilcake to South Korea

Imports in kind, K t

South Korea's imports of foreign rapeseed oilcake have risen for three years in a row. In 2019, imports were 363.4 thousand tons, and by 2020 they had increased to 385.2 thousand tons—a modest 6.0% uptick. Over the 2017-2020 span, imports grew by 105.2%, translating to an average annual growth rate of 27.1%.

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	90.4%	1.7%	6.0%	27.1%

Source: SHEV.io

From 2017 to 2020, India was the primary source of rapeseed oilcake for South Korea, consistently accounting for 97.7% of total imports by volume.

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, K $ US

The market showed an unstable trend during this period. The lowest value was in 2017 at 46,628 thousand US dollars, while the peak came in 2018 at 97,919 thousand US dollars—a 2.1-fold difference. In 2019, the value dropped by 7.3% to 90,775 thousand US dollars, but by 2020 it had recovered slightly to 96,217 thousand US dollars, up 6.0% from the previous year. The largest increase occurred in 2018, with a jump of 107.1% from 2017.

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