European Rapeseed Oil Trade Intensifies with Rising Exports from Germany, France and Belgium
Sep 15, 2021
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In 2020, European rapeseed oil exports soared to 3.1M tons, reaching $3B in value terms. Germany is the largest supplier in the EU, accounting for 35% of European export volume. Belgium and France follow Germany, comprising a combined 26%-share. Last year, these three key exporters ramped up the supplies abroad significantly. France became the fastest-growing exporter among European countries. The rapeseed oil export price in the EU jumped by +6.7% y-o-y to $970 per ton in 2020.