In 2023, Canada led global rapeseed oil exports with 3.2 million metric tons, followed by Russia at 1.27 million metric tons and Belarus at 0.525 million metric tons. Significant yearly growth was noted in Russia (16.44%), the United Arab Emirates (17.62%), Ukraine (13.24%), and India (20.11%). Conversely, the United States experienced a decline of 8.1%, and China decreased by 12.94%. Over the past two years, Japan showed remarkable growth at 37.97%. The compounded annual growth rate (CAGR) highlights the stability and gradual expansion of the market over the last five years.
Future trends to watch include the impact of geopolitical dynamics on Russia and Ukraine, potential expansions in the United Arab Emirates and India due to industrial investments, and sustainability initiatives shaping production practices globally. Technological advancements and trade policies will also play critical roles in shaping export capacities and market shares.
Top countries in Rapeseed Oil Export by Country
# | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Canada | 3,200 | 2023 | +6.07% | +0.28% | View data |
2 | 2 Russia | 1,270 | 2023 | -6.3% | +16.44% | View data |
3 | 3 Belarus | 525 | 2023 | +5% | +12.76% | View data |
4 | 4 United Arab Emirates | 475 | 2023 | +28.73% | +17.62% | View data |
5 | 5 Ukraine | 270 | 2023 | +221.43% | +13.24% | View data |
6 | 6 Australia | 165 | 2023 | -10.81% | +0.87% | View data |
7 | 7 United States | 59 | 2023 | -10.61% | -8.1% | View data |
8 | 8 Kazakhstan | 40 | 2023 | -11.11% | -3.98% | View data |
9 | 9 Paraguay | 18 | 2023 | -10% | +2.38% | View data |
10 | 10 India | 10 | 2023 | 0% | +20.11% | View data |