Global Rapeseed Oil and Mustard Oil Demand by Country

In 2023, China led the global demand for rapeseed oil and mustard oil with a substantial volume of 4.98 million metric tons, significantly ahead of other major consumers. India, the United States, Germany, and France followed, collectively accounting for a substantial share of the global demand. Countries like India and Belgium experienced a decrease in demand by 0.14% and 1.47% respectively, whereas the United States and Poland saw an increase by 1.61% and 2.52%. Smaller European countries like Austria and Italy saw notable declines as well, by 2.09% and 7.47% respectively. On an encouraging note, emerging markets such as Russia, Uruguay, and Indonesia showed significant growth with increases of 4.37%, 3.71%, and 3.71% respectively. In North America, Canada saw a moderate increase of 0.71%.

Future trends to watch for include the continued growth in demand in emerging markets, driven by rising population and changing dietary preferences. Additionally, environmental sustainability and health benefits associated with rapeseed and mustard oils are likely to spur demand in developed markets. Close attention should also be paid to policy changes and agricultural advancements that could impact production and supply chains worldwide.