Rapeseed Oil and Meal

Global Market Outlook on Rapeseed Oil and Meal 

• The EU is the major producer of rapeseed in the world, but Canada leads the global exports contributing to more than 50 percent of the total exports, for both rapeseed oil and meal

Rapeseed Oil: Trade Dynamics

• Rapeseed oil production is highly influenced by the crush margins versus soybean in the EU

• Global demand remains strong though trade volume is expected to decline on reduced crush, production, and exports in Canada

Rapeseed Meal: Trade Dynamics

• Demand from China and the US is likely to drive global trade during 2023, owing to increasing demand from the animal husbandry sector

• The trade volumes are also dependent on the trend in substitute products and crushing volume, mainly that of soybean

• Rapeseed meal exports from India are in increasing trends. Currently, India is the most competitive supplier of rapeseed meal, owing to bulk production. India’s rapeseed meal exports are in an increasing trend in the fiscal year 2022–2023

Impact of Macroeconomic Factors on Rapeseed Oil and Meal

• The consumption rate of edible fats will likely increase with the increasing population

• There is also an increasing shift in the preference for vegetable-based oils over dairy derivatives in the developing countries, majorly due to the prices

• The increasing disposable income level in the developing countries impacts the price of Rapeseed oil and Meal

Population growth in developing countries

• The Asian population has been growing at 0.95 percent this year, with the increasing population consumption of vegetable-based fats is expected to increase

Strong per capita demand

• Per capita consumption of edible oil for the food use is likely to increase in the developing countries, such as India and China, by 2–3 percent

Lower China GDP growth rate affects demand

• Reduction in per capita GDP is likely to affect the consumption of edible oil, but the demand for protein meal will persist, despite GDP

Strong demand

• Rapeseed yields high amount of oil after palm, also the industrial uses of canola oil are high, hence the demand will continue to persist

Rapeseed Oil and Meal: Cost Structure Analysis

• Raw material is the key cost factor contributing to close to 80–85 percent of the total cost in the processing of rapeseed oil and meal. The processing cost for the rapeseed meal is low, since it is only a by-product of rapeseed oil and requires only two additional steps, which is oil extraction and drying before packing.

Key cost factors and feedstock that impact the materials:

• The raw material is the key cost factor, which constitutes to around 80 percent of the total production cost

• Labor cost accounts for nearly 2 percent, the total variable costs amount to around 10 percent, and the utilities amount to another 2 percent

Key factors affecting feedstock price

• Global production of rapeseed and price of solvents (hexane)

Why Should You Buy This Report

• Information about the rapeseed oil market size, value chain analysis, supply-demand analysis and trade dynamics.
• Regional market snapshot and analysis of North America, Europe, and Asia.
• Porter’s five force analysis of the global rapeseed oil market.
• Rapeseed oil and rapeseed meal price analysis, cost structure analysis, rapeseed price outlook, etc.
• Supplier profiles of key players. 
• Rapeseed oil suppliers profiles of key players.