Key Market Indicators
Korean consumption of rapeseed is projected to remain flat over the next five years. In 2021, the country ranked 11th in the world, with Slovakia taking the top spot at 5 thousand metric tons. Canada, Germany, and Spain rounded out the top four. Meanwhile, Korean production of rapeseed is expected to decline at an average rate of 5.3 percent annually from 875 metric tons in 2021. Since 1966, supply has dropped by 2.6 percent each year. In 2021, Macedonia took the lead at 875 metric tons; China, India, and France followed.
