A notable observation from the 2023 rapeseed and mustard oil market is India's leading position with 27.1 thousand metric tons, despite a slight -0.14% decrease from the previous year. China follows with 21.81 thousand metric tons. In contrast, the United States and Canada saw increases of 0.63% and 0.44%, respectively. Although the UK and Germany remain major players, emerging countries like Bangladesh and the Czech Republic exhibit significant increases, at 1.3% and 1.66% respectively. The global market is characterized by diverse regional consumption patterns, with Morocco and Tajikistan seeing exceptional surges of 14.87%.
Looking ahead to 2024, the global rapeseed and mustard oil market is predicted to continue its dynamic shifts. Key trends include increased consumption in Asia, particularly China and India, while developed markets focus on sustainability and healthier oil alternatives. Technological advancements in extraction and production processes, coupled with consumer demand for high-quality, non-GMO products, are likely to drive future growth.
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 27.1 | 2023 | +0.42% | -0.14% | View data |
| 2 | 2 China | 21.81 | 2018 | View data | ||
| 3 | 3 Japan | 8.65 | 2023 | -0.36% | -0.095% | View data |
| 4 | 4 United States | 7.28 | 2023 | +0.71% | +0.63% | View data |
| 5 | 5 Canada | 6.15 | 2023 | +0.67% | +0.44% | View data |
| 6 | 6 United Kingdom of Great Britain and Northern Ireland | 5.03 | 2023 | |||
| 7 | 7 Germany | 4.43 | 2023 | +0.23% | +0.14% | View data |
| 8 | 8 Australia | 2.15 | 2023 | +0.48% | +0.49% | View data |
| 9 | 9 France | 2.09 | 2023 | 0% | 0% | View data |
| 10 | 10 Mexico | 2.09 | 2023 | 0% | +0.5% | View data |
