Germany's rapeseed imports hit record 5.7 MT in FY 2023

 

Germany's rapeseed imports hit record 5.7 MT in FY 2023

Germany is the leading rapeseed importer in the world. As, rapeseeds are used in the edible oil, biodiesel, and animal feed production. It is the most important source of vegetable oil and can be used in cooking. Despite being record harvest, Germany is continuously making record imports of rapeseed to meet these requirements. 

According to the Germany import data, Germany’s rapeseed imports during the fiscal year 2022 were estimated to be around $632 million. Over 5.72 million tons worth of shipments were made by Germany last year. Germany’s majority of the rapeseed imports came from Australia which was the biggest rapeseed supplier to Germany.


Germany import export data reflects that Australia has exported around 1.4 million tonnes of rapeseed to Germany this year. The exports were estimated to be over $300 million in FY 2022. Other major rapeseed exporters to Germany were Netherlands, Ukraine, France, Czech Republic, Belgium and Romania.


Whereas, Germany made a noticeable amount of rapeseed exports last year. Germany was the second largest rapeseed oil exporter in the world after Canada. Germany export data shows $1.8 billion during FY 2022. The Netherlands accounted for over 60% share of Germany's overall rapeseed oil exports. In terms of imports share, Belgium (7%), Norway (5%), France (4.7%), Denmark, and Poland (3.4%).


Also, Germany is a prominent exporter of rapeseed oil. Germany ranks second on the list of top rapeseed oil exporters in the world. Germany customs data shows that around $1.8 billion worth of rapeseed oil shipments were made during FY 2022. The Netherlands was the top importer of rapeseed oil from Germany with over 60% market share. 


Whereas, Belgium, Norway, France, Poland, Czech Republic, Italy and Austria were among most favoured destinations for Germany's rapeseed oil exports. Milchwirtschaftliche Industrie, Nestle Deutschland, Frutarom Savory Solutions, B. Braun Melsungen AG and Markus-muhle GMBH are some of the top rapeseed oil exporting companies from Germany. 


Also, Germany is the 6th biggest rapeseed oil importer globally. Germany's rapeseed oil imports mostly came from European Union nations. These were Belgium, Poland, Czech Republic, France, Netherlands, Denmark and Norway.


The major competitors in the field of global rapeseed exports for Germany are Australia which is the top exporter. Whereas, Ukraine, Netherlands and France are other major rapeseed oil exporters.


Rapeseed producers from Germany can begin a successful rapeseed export business by finding useful insights into the global market through Exim Global Trade Intelligence System. Exim Trade Data is a reputed global import export data provider offering useful insights into the global agri products demand for Germany.


Their platform helps you gain insights into rapeseed, and other agricultural produce by price, quantity, unit, country, importer, exporter, competitors, port details. You can make more informed decisions on product pricing, evaluation of production quantity, procurement, sourcing, and gain potential business leads.


It gives you access to the unlimited views of global buyers and suppliers for your business. Based on their purchasing behaviour, you can increase your business sales. This business intelligence tool helps you identify key performing areas for your company and helps you streamline your business according to the international market trends.


Comments

Post a Comment

Popular posts from this blog

Turkey's fruits & vegetable exports hit record $212 Mn in April

Image
  Turkey is among the leading exporters of fruits and vegetables globally. Turkey is the biggest exporter of hazelnuts and fids. As per Turkey customs data , the overall fruits and vegetables exports from Turkey hit a record $212 million in April 2024. Experts predict Turkey's fruit market to reach 2.6 billion euros in 2024 with 9% expected annual growth rate. In the fiscal year 2023, Turkey's fruits and vegetables exports sales bombed. According to Turkey import export data , the country's fruits exports went up by 8.5% last year. Turkey's fruits exports were recorded to be $5.4 billion in FY 2023. Turkey's key fruits exports includes citrus fruits, grapes, apricots, dates, figs, apples and melons.   Russia was the biggest importer of fruits from Turkey with nearly billion dollars of fruit imports from Turkey. Export share wise, Germany (12%), Italy (8%), Iraq (7%), and the United Kingdom (4%) were the major markets for Turkish fruits exports. Ferrero Hazelnut Comp...
Read more

Russia's Textiles & Footwear Trade Analysis FY 2023

Image
  Well, Russia’s textiles exports are not as sound as crude oil, gas, and fertilizers exports. Knitted Fabrics were the most exported items from Russia. During the financial year 2023, Russia’s knitted fabrics exports stood at around $598 million as per Russia import export data . Moldova was the leading destination for Russian knitted fabrics items representing around 47% market share.  Uzbekistan was the second leading destination for Russian knitted fabrics exports with 27% market share. The fastest growing markets for Russia's knitted fabrics exports are Ukraine, Azerbaijan, Tajikistan, Turkey and Lithuania. Whereas, non-knitted or crocheted articles were the second most exported commodity from Russia. According to Russia customs data reports, over 136 million dollars worth of non-knitted or crocheted articles were exported from Russia in the fiscal year 2023. Russia's majority of the knitted and non-knitted textiles articles exports were made to Namibia and Spain respect...
Read more

USA's Agricultural & Poultry Market: Stats & Figures

Image
  Agriculture and poultry are the major revenue driven industries of the USA. Some of the leading agricultural exports of the USA are grains, soybeans, corn, fruits, vegetables, tree nuts and livestock products. In 2023, the USA's overall agricultural exports remained at $178 billion. Further, according to the experts, the USA's agricultural exports might see a fall to $170 billion in 2024.  According to the US import export data , the country's agricultural exports hit an all time high of $196 billion in 2022. China remained the biggest market for USA's agricultural exports with a record 19% market share. China's major interest came in the USA's soybeans, beef and cotton items. Along with China, Canada, Mexico and Japan were other significant markets. Soybeans are the top revenue generating commodity for the USA. In 2023, the exports of soybeans from the USA were recorded to be $28 billion. Although, there was a steep decline of 18% in the USA’s soybeans export...
Read more