Rapeseed Oil Market Overview in the USA
In value terms, rapeseed oil production amounted to $ in 2019. In general, production recorded a strong expansion. The growth pace was the most rapid in 2008 with an increase of % year-to-year. The U.S. production peaked in 2019 and is likely to see steady growth in the immediate term.
The revenue of the rapeseed oil market in the U.S. was estimated at $ 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). In general, consumption enjoyed a strong expansion. The most prominent rate of growth was recorded in 2008 when the market value increased by % year-to-year. The U.S. consumption peaked at $ in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.