The volume of canola oil sold by Austria in 2020 was 102,502 metric tonnes. In 2019 Austria sold 83,689 tonnes of canola oil. For 2019 alone, the interest in Austria canola oil (processed category) has escalated, changing by 11.412 percent compared to the year 2018. Between 2017 and 2019, canola oil's exports grew by 26.69 pc netting Austria US$92.67m for the year 2019. Austria's canola oil exports are classified as:
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
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Österreich rapsöl export values
In 2019, Austria supplied canola oil valued at 92.67m USD, a surge of 11.57% from 2018's total canola oil export of 83.057m USD. The yearly increase in value of Austria canola oil between 2017 to 2018 was 6.407 per cent.
The yearly variation in the volume of Austria's canola oil exports between 2017 and 2019 was 26.69 per cent compared to a variation of 11.412% in the period between 2018 and 2019.
Austria's stake of the world's total canola oil's exports in 2019 was less than 1%. The country is ranked number 37 in world exports of canola oil.
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Export markets for Österreich rapsöl ( in '000$ )
Austria's best performing export markets for canola oil are Poland, Germany, Slovakia, Czech Republic and Hungary.
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Import/Export Trends
Austria is a net importer of canola oil. The annual growth of Austria canola oil in value between 2015 to 2019 was 17%, per year, while annual growth in quantity for the same period was -13%, per annum.
Austria brought in 118,452 tonnes of canola oil in 2019.
