In 2023, Canada led the global market as the top exporter of Rape, Colza, and Mustard Oil with an export value of $2.37 billion. Germany followed, with $0.969 billion, and the Czech Republic at $0.438 billion. Poland, Belgium, France, the Netherlands, Russia, Australia, and the United Kingdom also featured among the top exporters, each contributing less than $0.4 billion. Over the past two years, the yearly increase in export value was moderate, with Canada's exports showing significant growth. The overall 5-year CAGR for this market indicates steady, albeit uneven, growth among different nations.
Future trends to watch for include:
- Technological advancements in oil extraction and processing that could impact production costs and competitive advantages.
- Shifts in global agricultural policies, impacting the supply of raw materials.
- Potential market expansions in Asia and Africa due to rising demand.
- Environmental considerations potentially influencing production practices and trade regulations.
Top countries in Top Exporters of Rape, Colza and Mustard Oil
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 Canada | 2,370 | 2016 | |
| 2 | 2 Germany | 969.03 | 2016 | |
| 3 | 3 Czech Republic | 437.86 | 2016 | |
| 4 | 4 Poland | 369.06 | 2016 | |
| 5 | 5 Belgium | 295.8 | 2016 | |
| 6 | 6 France | 248.4 | 2016 | |
| 7 | 7 Netherlands | 228.06 | 2016 | |
| 8 | 8 Russia | 168.67 | 2016 | |
| 9 | 9 Australia | 126.04 | 2016 | |
| 10 | 10 United Kingdom | 117.63 | 2016 |
