The projected import of rapeseed oil in the US shows a steady increase from 3.13 million metric tons in 2024 to 3.64 million metric tons in 2028. The year-on-year growth averages approximately 3.6%, indicating a consistent rise in demand over this period. In 2023, the import figure was estimated at slightly below the 2024 level, showcasing a continuous upward trend.
Future trends to watch for include:
- Potential impacts of global agricultural policies on rapeseed production and export availability.
- Changes in US domestic production capacity, which may affect import reliance.
- Shifts in consumer preferences towards alternative oils or higher demand in the food and energy sectors.