In 2023, Canada dominated global rapeseed oil exports with a significant lead, accounting for nearly half of the market share. Russia and Belarus followed, though with much smaller contributions. In contrast, the United States and Kazakhstan experienced declines in their export shares over the past year. Notably, countries like India and Japan demonstrated remarkable growth, with Japan nearly doubling its share. While established exporters maintained their positions, there was a movement among smaller players like India and Pakistan, indicating potential shifts in the market dynamics.
Future Trends to Watch:
- The consistent demand in emerging markets such as India may further influence the global distribution of export shares, encouraging diversification.
- Environmental policies and biofuel interest might reshape the production and export dynamics, especially in climate-conscious countries.
- Potential geopolitical influences could disrupt established supply chains, benefiting nimble and adaptive markets looking to expand their market share.
Top countries in Rapeseed Oil Export Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 45.94 | 2023 | +6.07% | +0.28% | View data |
| 2 | 2 Russia | 18.16 | 2023 | -6.3% | +16.44% | View data |
| 3 | 3 Belarus | 7.54 | 2023 | +5% | +12.76% | View data |
| 4 | 4 United Arab Emirates | 6.82 | 2023 | +28.73% | +17.62% | View data |
| 5 | 5 Ukraine | 3.88 | 2023 | +221.43% | +13.24% | View data |
| 6 | 6 Australia | 2.37 | 2023 | -10.81% | +0.87% | View data |
| 7 | 7 United States | 0.85 | 2023 | -10.61% | -8.1% | View data |
| 8 | 8 Kazakhstan | 0.57 | 2023 | -11.11% | -3.98% | View data |
| 9 | 9 Paraguay | 0.26 | 2023 | -10% | +2.38% | View data |
| 10 | 10 India | 0.14 | 2023 | 0% | +20.11% | View data |
