Rapeseed domestic consumption in the US is projected to grow steadily from 2.11 million metric tons in 2024 to 2.3 million metric tons in 2028. In 2023, the consumption level stood at just below 2.1 million metric tons. The year-on-year growth rates from 2024 to 2028 hover around 2.3% annually, with a five-year compound annual growth rate (CAGR) of approximately 2.2%. This upward trend indicates a stable increase in demand.
Future trends to watch for include:
- The impact of alternative oils on rapeseed demand.
- Policy changes affecting agricultural production and consumption.
- Technological advancements in agriculture enhancing yield efficiencies.
