Rapeseed Oil Market Overview in the Czech Republic
In value terms, rapeseed oil production expanded slightly to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011 with an increase of % y-o-y. Over the period under review, production hit record highs in 2019 and is likely to continue growth in the immediate term.
The size of the rapeseed oil market in the Czech Republic rose to $ in 2019, picking up 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 continues to indicate mild growth. The pace of growth was the most pronounced in 2013 with an increase of % against the previous year. Over the period under review, the market hit record highs at $ in 2009; however, from 2010 to 2019, consumption remained at a lower figure.