Rapeseed Oil Market Overview in the United Kingdom
In value terms, rapeseed oil production amounted to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 with an increase of % y-o-y. As a result, production attained the peak level of $. From 2012 to 2019, production growth remained at a lower figure.
The size of the rapeseed oil market in the UK declined 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). The market value increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of % y-o-y. Rapeseed oil consumption peaked at $ in 2011; however, from 2012 to 2019, consumption stood at a somewhat lower figure.