In 2023, Canada led the global export market for refined canola, rape, colza or mustard oil, accounting for over half of the market value. Germany and Belgium followed with notable shares. Over the last two years, countries like Denmark, Bulgaria, and Portugal saw significant growth, showing year-on-year increases over 10%. Conversely, the United Kingdom, France, and Brazil encountered declines. Over a five-year period, a compound annual growth rate indicated that newer market entrants are gradually emerging, albeit with smaller shares.
Looking ahead, markets to watch include burgeoning exporters like Namibia and Costa Rica, which experienced notable increases and offer potential for future growth. Geopolitical dynamics, trade agreements, and environmental regulations will play crucial roles in shaping the regional shares of exports.
Top countries in Export of Refined Canola, Rape, Colza or Mustard Oil Fractions Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 51.06 | 2023 | +2.89% | +3.2% | View data |
| 2 | 2 Germany | 12.58 | 2023 | +0.86% | +0.95% | View data |
| 3 | 3 Belgium | 7.83 | 2023 | +0.4% | +1.25% | View data |
| 4 | 4 Czech Republic | 3.84 | 2023 | +4.09% | +5.08% | View data |
| 5 | 5 Denmark | 3.1 | 2023 | +3.28% | +10.23% | View data |
| 6 | 6 Netherlands | 3.01 | 2023 | -4.06% | -4.17% | View data |
| 7 | 7 Austria | 2.98 | 2023 | +3.95% | +3.73% | View data |
| 8 | 8 Malaysia | 2.88 | 2023 | +3.57% | +3.28% | View data |
| 9 | 9 United States | 1.93 | 2023 | +1.22% | +2.34% | View data |
| 10 | 10 United Kingdom | 1.68 | 2023 | -3.88% | -5.18% | View data |
