Key Market Indicators
Belgian rapeseed consumption is projected to drop to 3 thousand metric tons by 2026 from 4 thousand metric tons in 2021. This marks a 5.6% decrease from the 2021 figure. Since 2017, Belgian demand has remained stable, ranking 14th in 2021. Bangladesh came in first with 4 thousand metric tons. Canada, Germany, and Spain took the next three places. Belgian rapeseed production is forecasted to decline to 32,620 metric tons by 2026 from 35,660 metric tons in 2021, a 1.2% year on year average. Since 2005, the country's supply has dropped by 2% year on year. In 2021, Belgium was 43rd with Argentina taking the top spot. China, India, and France followed in second, third, and fourth place respectively.
