In 2023, the demand for rapeseed oil and mustard oil in Denmark stood at 170.0 Thousand Metric Tons. Forecasts for 2024 predict an increase to 171.0 Thousand Metric Tons, with a consistent annual growth of 1.0 Thousand Metric Tons through 2028, reaching 175.0 Thousand Metric Tons. This indicates a steady year-on-year growth rate of approximately 0.58%. The compound annual growth rate (CAGR) from 2023 to 2028 is thus 0.58% per year.
Future trends to watch for:
• Increasing consumer preference for healthier and natural oils due to rising health awareness.
• Potential impact of environmental regulations on production and import of rapeseed and mustard oils.
• Fluctuations in global commodity prices impacting market dynamics in Denmark.
