Rapeseed Oil Market Overview in the Netherlands
In value terms, rapeseed oil production rose sharply to $ in 2019 estimated in export prices. In general, the total production indicated a prominent increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2015 indices. The most prominent rate of growth was recorded in 2008 when the production volume increased by % year-to-year. Rapeseed oil production peaked at $ in 2011; however, from 2012 to 2019, production remained at a lower figure.
The size of the rapeseed oil market in the Netherlands 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). Over the period under review, consumption posted a significant increase. The most prominent rate of growth was recorded in 2009 when the market value increased by % year-to-year. Over the period under review, the market attained the maximum level in 2019 and is likely to see steady growth in the immediate term.