Analyzing the global rapeseed oil and mustard oil market size by country in 2023, India leads with 2.64 million metric tons, followed by China with 2.12 million metric tons. The United States, Japan, Canada, and Germany are notable contributors. Year-over-year, the United States and Canada saw increases of 0.63% and 0.44%, respectively. Significant growth was also noted in countries like Bangladesh (1.3%) and Ireland (2.71%), while Belarus and Hungary experienced declines of -1.53% and -2.64% respectively. Smaller markets in Morocco and Tajikistan showed substantial growth at 14.87% each, indicating emerging potential.
Future Trends to Watch:
- Rising health awareness may drive demand for rapeseed and mustard oils, known for their beneficial fat content.
- Emerging markets in regions like Africa and Southeast Asia could see increased consumption influenced by shifting dietary patterns.
- Trade policies and climatic changes will impact production and export capacities, influencing global supply-demand dynamics.
- Innovation in oil extraction and processing technologies will potentially enhance efficiency and production volumes.
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 2,640 | 2023 | +0.42% | -0.14% | View data |
| 2 | 2 China | 2,120 | 2018 | View data | ||
| 3 | 3 Japan | 841 | 2023 | -0.36% | -0.095% | View data |
| 4 | 4 United States | 708 | 2023 | +0.71% | +0.63% | View data |
| 5 | 5 Canada | 598 | 2023 | +0.67% | +0.44% | View data |
| 6 | 6 United Kingdom of Great Britain and Northern Ireland | 489 | 2023 | |||
| 7 | 7 Germany | 431 | 2023 | +0.23% | +0.14% | View data |
| 8 | 8 Australia | 209 | 2023 | +0.48% | +0.49% | View data |
| 9 | 9 France | 203 | 2023 | 0% | 0% | View data |
| 10 | 10 Mexico | 203 | 2023 | 0% | +0.5% | View data |