Global Rapeseed Oil Market Overview
In value terms, rapeseed oil production reduced to $ in 2018 estimated in export prices. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the production volume increased by % y-o-y. Over the period under review, global production attained the peak level at $ in 2013; however, from 2014 to 2018, production remained at a lower figure.
Canada ( tonnes) remains the largest rapeseed oil producing country worldwide, accounting for % of total volume. Moreover, rapeseed oil production in Canada exceeded the figures recorded by the second-largest producer, France ( tonnes), sixfold. The third position in this ranking was occupied by Russia ( tonnes), with a % share.
In Canada, rapeseed oil production expanded at an average annual rate of +% over the period from 2007-2018. The remaining producing countries recorded the following average annual rates of production growth: France (+% per year) and Russia (+% per year).
The global rapeseed oil market value rose remarkably to $ in 2018, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 when the market value increased by % y-o-y. Global consumption peaked at $ in 2013; however, from 2014 to 2018, consumption remained at a lower figure.
From 2007 to 2018, the biggest increases were in the UK, while rapeseed oil consumption for the other global leaders experienced more modest paces of growth.
In value terms, the U.S. ($), China ($) and the Netherlands ($) constituted the countries with the highest levels of market value in 2018, together accounting for % of the global market. France, Norway, the UK, the United Arab Emirates, Sweden, Canada, Chile, South Korea and Russia lagged somewhat behind, together comprising a further %.
The UK saw the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while rapeseed oil market for the other global leaders experienced more modest paces of growth.
In 2018, the highest levels of rapeseed oil per capita consumption was registered in Norway ( kg per person), followed by the Netherlands ( kg per person), the United Arab Emirates ( kg per person) and Sweden ( kg per person), while the world average per capita consumption of rapeseed oil was estimated at kg per person.
In Norway, rapeseed oil per capita consumption expanded at an average annual rate of +% over the period from 2007-2018. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the Netherlands (+% per year) and the United Arab Emirates (-% per year).