Rapeseed Oil Market Overview in Chile
In value terms, rapeseed oil production expanded notably to $ in 2019 estimated in export prices. Overall, production posted buoyant growth. The most prominent rate of growth was recorded in 2012 with an increase of % year-to-year. Over the period under review, production hit record highs in 2019 and is expected to retain growth in years to come.
The revenue of the rapeseed oil market in Chile reduced to $ in 2019, which is down 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). Over the period under review, consumption, however, saw a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of % year-to-year. Over the period under review, the market hit record highs at $ in 2018, and then reduced in the following year.