Rapeseed oilcake market in Southern Asia

Earlier Report Observations

The rapeseed oilcake market in Southern Asia experienced substantial growth in both volume and value from 2018 to 2023. Market volume increased from 5 213 thousand tons to 7 690 thousand tons, while the market's value more than doubled, rising from 1 509 million US dollars to 2 945 million US dollars. This expansion was driven by a significant rise in domestic production, which grew by over 2 200 thousand tons over the period.

A growing domestic supply was complemented by rising imports, which contributed to the overall market size. Exports remained relatively modest and declined sharply in the later years, further directing supply toward the domestic market. The consistent growth trajectory indicates a strengthening regional demand for rapeseed oilcake as a feed ingredient.

In 2024, major policy initiatives were launched that directly target the market's foundation. The National Mission on Edible Oils – Oilseeds (NMEO-Oilseeds) aims to increase the production of key oilseeds like rapeseed-mustard through better seeds, cluster farming, and improved infrastructure. Concurrently, the government raised import duties on crude edible oils to protect domestic farmers. These measures are designed to enhance raw material availability and processing efficiency, which directly increases the supply and quality of rapeseed oilcake.

Production rapeseed oilcake in Southern Asia

In kind, 2017-2020, K t

Top producers of rapeseed oilcake, 2017-2020

World map of production of rapeseed oilcake, 2017-2020

Southern Asia's rapeseed oilcake production has increased for the third consecutive year. In 2020, the region produced 5 589 K t of rapeseed oilcake, marking a moderate 6.4% rise compared to the previous year. From 2017 to 2020, production grew by 23.6%, which translates to an annualized growth rate of 7.3%.

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

In value, 2017-2020, M $ US

In 2020, the output of rapeseed oilcake in Southern Asia was valued at 1 540 M $ US, showing a limited advance of 6.7% over the prior year. Over the period from 2017 to 2020, production increased by 31.2%, with a compound annual growth rate (CAGR) of 9.5%. The largest increase occurred in 2018 at 26.4%, while the largest decline was recorded in 2019 at 2.8%.

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

Exports rapeseed oilcake from Southern Asia

Exports in kind, K t

In 2020, Southern Asia exported 95.2 K t of rapeseed oilcake, corresponding to a slight rise of 2.8% from the year before. From 2017 to 2020, exports increased by 27.1%, with a CAGR of 8.3%. The maximum volume was recorded in 2018 at 112.8 K t. The largest increase occurred in 2018 at 50.5%, while the largest decline was in 2019 at 17.9%.

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

From 2017 to 2020, Vietnam, Myanmar, and Indonesia were the main destinations for rapeseed oilcake exports from Southern Asia. Vietnam accounted for 42.4% of exports in kind, Myanmar for 1.1%, and Indonesia for 0.6%, together absorbing 44.2% of total exports.

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

In 2020, rapeseed oilcake deliveries from Southern Asia stood at 26 234 K $ US, up by 3.2% compared to the previous year. Over the period from 2017 to 2020, exports increased by 34.9%, with a CAGR of 10.5%. The maximum value was recorded in 2018 at 32 680 K $ US. The largest increase occurred in 2018 at 68.1%, while the largest decline was in 2019 at 22.2%.

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

Throughout 2017 to 2020, Vietnam, Myanmar, and Indonesia remained the key partners for rapeseed oilcake exports in value terms. Vietnam accounted for 40.9% of exports in value, Myanmar for 1.2%, and Indonesia for 0.8%, together representing 42.9% of total flows.

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 oilcake to Southern Asia

Imports in kind, K t

The market showed signs of volatility over the observed period. The lowest imports were recorded in 2019 at 67.4 K t, while the highest were in 2017, reflecting a 3.1-fold gap between these years. In 2020, Southern Asia's volume of rapeseed oilcake imports stood at 190.1 K t, up by 182.1% relative to the prior year. The largest decline occurred in 2019 at 66.9%.

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

From 2017 to 2020, Switzerland and the United Arab Emirates headed the list of markets for rapeseed oilcake imports to Southern Asia, together accounting for 2.1% of total flows.

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

Volatility characterized the market behavior during these years. The lowest value was observed in 2019 at 17 889 K $ US, while the highest occurred in 2017, with a peak-to-trough ratio of 3.2 times. In 2020, rapeseed oilcake deliveries to Southern Asia came to 52 805 K $ US, up by 195.2% year-over-year. The largest decline was recorded in 2019 at 68.5%.

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

From 2017 to 2020, Switzerland and the United Arab Emirates consistently remained the main markets for rapeseed oilcake imports in value terms, together accounting for 2.2% of total flows.

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

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