In 2023, the US rapeseed oil exports were estimated at approximately 62.0 thousand metric tons. The forecast indicates a steady growth in exports from 2024 to 2028, reaching 66.0 thousand metric tons by 2028. The year-on-year variations suggest a modest upward trend, with projected increases of roughly 1.6% from 2024 to 2025, and subsequent years showcasing stable exports into 2026 before gradual growth resumes. The compound annual growth rate (CAGR) over this period is anticipated to be around 1.2%.
Future trends to watch for include:
- Potential impacts of climate change and regulations governing sustainable agriculture on crop yield.
- Market demand from growing industries such as biofuels and food manufacturing.
- Trade policies affecting exports, including tariffs and trade agreements.
