Rapeseed Oil Market Overview in Romania
In value terms, rapeseed oil production totaled $ in 2019 estimated in export prices. Over the period under review, production enjoyed a significant increase. The growth pace was the most rapid in 2008 when the production volume increased by % year-to-year. Over the period under review, production hit record highs in 2019 and is expected to retain growth in the near future.
The value of the rapeseed oil market in Romania soared to $ in 2019, with an increase of % 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 continues to indicate significant growth. The most prominent rate of growth was recorded in 2008 with an increase of % year-to-year. Rapeseed oil consumption peaked in 2019 and is likely to continue growth in the immediate term.