The forecasted rapeseed supply in the US indicates a steady growth from 2024 to 2028, with values increasing from 2.48 to 2.69 million metric tons. In 2023, the actual supply stood lower as no exact value for 2023 is provided, but it's implied to be less than in 2024. Year-on-year growth from 2024 to 2025 is 2.02%, from 2025 to 2026 is 1.98%, from 2026 to 2027 is 2.33%, and from 2027 to 2028 is 1.89%. The compound annual growth rate over the five-year forecast period averages around 2.14%.
Future trends to watch include:
- Impact of climate change on rapeseed crop yields.
- Market demand fluctuations due to changes in consumer preferences for oil types.
- Technological advancements in crop cultivation and seed quality.