The United States leads global rapeseed oil imports with significant growth at 11.08% in 2023. China's share declined by 7.37%, while Mexico saw a substantial increase of 21.78%. Belarus notably expanded its market presence by 90.37%. In contrast, Russia's imports fell by 18.61%, and Japan decreased by 6.51%. Ukraine and Kazakhstan experienced complete cessation (-100%) of imports. Canada's imports moderately increased by 4.56%.
Future trends to watch:
- Potential shifts in major Asian economies affecting their import strategies.
- Impact of geopolitical events on Eastern European countries' import activities.
- Continued growth in North American markets, particularly in the United States and Mexico.
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 44.56 | 2023 | +5.45% | +11.08% | View data |
| 2 | 2 China | 23.77 | 2023 | 0% | -7.37% | View data |
| 3 | 3 Norway | 8.17 | 2023 | +10% | +2.42% | View data |
| 4 | 4 Mexico | 4.46 | 2023 | +64.84% | +21.78% | View data |
| 5 | 5 South Korea | 2.53 | 2023 | +25% | +6.34% | View data |
| 6 | 6 Chile | 1.71 | 2023 | -8% | +0.35% | View data |
| 7 | 7 Belarus | 1.49 | 2023 | -20% | +90.37% | View data |
| 8 | 8 Israel | 1.19 | 2023 | +6.67% | +10.3% | View data |
| 9 | 9 New Zealand | 0.97 | 2023 | 0% | +0.95% | View data |
| 10 | 10 Russia | 0.74 | 2023 | -16.67% | -18.61% | View data |
