Rapeseed Oil Market Overview in Canada
In value terms, rapeseed oil production fell modestly to $ in 2018 estimated in export prices. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the production volume increased by % against the previous year. Rapeseed oil production peaked at $ in 2012; however, from 2013 to 2018, production failed to regain the momentum.
The revenue of the rapeseed oil market in Canada fell markedly to $ in 2018, reducing 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). Overall, consumption saw a sharp slump. The most prominent rate of growth was recorded in 2013 with an increase of % y-o-y. Rapeseed oil consumption peaked at $ in 2007; however, from 2008 to 2018, consumption failed to regain the momentum.