Rapeseed Oil Market Overview in Russia
In value terms, rapeseed oil production soared to $ in 2019 estimated in export prices. Overall, production showed a resilient expansion. The pace of growth appeared the most rapid in 2008 when the production volume increased by % y-o-y. Russia production peaked in 2019 and is expected to retain growth in the immediate term.
The size of the rapeseed oil market in Russia reduced to $ in 2019, waning 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, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of % year-to-year. Over the period under review, the market attained the peak level at $ in 2018, and then contracted in the following year.