Forecast: Rapeseed Oil and Mustard Oil Demand in Spain

The demand for rapeseed oil and mustard oil in Spain is projected to increase steadily from 112.0 thousand metric tons in 2024 to 121.0 thousand metric tons in 2028, representing a year-on-year growth rate of approximately 2%. Over the past two years, the demand has shown a stable rise, and the compound annual growth rate (CAGR) for the last five years is approximately 2.0%, underscoring a consistent upward trend.

Future trends to watch for:

  • Shifts in consumer dietary preferences towards healthier oils.
  • Changes in agricultural policies, particularly concerning crop yields and subsidies.
  • Impact of global supply chain disruptions on oil imports and prices.