Rapeseed Oil Market Overview in Belgium
In value terms, rapeseed oil production amounted to $ in 2019 estimated in export prices. In general, production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2008 when the production volume increased by % y-o-y. Rapeseed oil production peaked in 2019 and is expected to retain growth in years to come.
The revenue of the rapeseed oil market in Belgium expanded markedly 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 showed a strong increase. The growth pace was the most rapid in 2008 when the market value increased by % year-to-year. Rapeseed oil consumption peaked in 2019 and is likely to see steady growth in the near future.