Rapeseed Oil Market Overview in Poland
In value terms, rapeseed oil production amounted to $ in 2019 estimated in export prices. In general, the total production indicated a resilient 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 2011 indices. The pace of growth appeared the most rapid in 2008 when the production volume increased by % y-o-y. Over the period under review, production attained the maximum level in 2019 and is likely to continue growth in the immediate term.
The value of the rapeseed oil market in Poland rose remarkably to $ in 2019, growing 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). In general, consumption showed a resilient expansion. The most prominent rate of growth was recorded in 2008 when the market value increased by % year-to-year. Rapeseed oil consumption peaked in 2019 and is expected to retain growth in years to come.