Rapeseed oilcake market in Latin America and the Caribbean

Earlier Report Observations

The rapeseed oilcake market in Latin America and the Caribbean opened the period at 760 thousand tons in 2018, supported by the activity of state-owned companies and significant players in Mexico, particularly in Nuevo León, which were engaged in international sales of oilseed residues. Market volume then contracted to 735 thousand tons in 2019 and stabilized near 736 thousand tons in 2020.

After growing to 808 thousand tons in 2021, the market experienced a decline to 700 thousand tons in 2022. A recovery followed in 2023, with volume reaching 799 thousand tons. This rebound coincided with the consolidation of state and private actors in the Mexican oilcake sector, strengthening local production structures. Furthermore, a reported 9.5% increase in sunflower oil refining capacity in India influenced global oilseed product supply, affecting competitive dynamics in the region.

In 2024, the market continued to be shaped by international players and technological advancements. Cargill inaugurated a new cold-pressed rapeseed oil facility in Canada, reflecting expansion by major global agribusinesses. Regionally, the adoption of membrane filtration technologies in South America reduced costs and improved quality in vegetable oil production. Concurrently, stricter food labeling regulations in Mexico began driving demand for healthier oils, influencing production and commercialization trends for oilseed by-products.

Production rapeseed oilcake in Latin America and the Caribbean

In kind, 2017-2020, K t

Top producers of rapeseed oilcake, 2017-2020

World map of production of rapeseed oilcake, 2017-2020

Latin America and the Caribbean saw rapeseed oilcake production decline for the third year in a row. In 2020, the region produced 730.8 K t of rapeseed oilcake, which was 1.4% lower than in 2019. Looking at the period from 2017 to 2020, production fell by 11.3%, averaging an annual decrease of 3.9%.

Annual dynamics of production in Latin America and the Caribbean in kind, 2017-2020, K t

In value, 2017-2020, M $ US

Latin America and the Caribbean experienced a third consecutive annual decline in rapeseed oilcake production. In 2020, the output was valued at 175.0 M $ US, marking a gradual contraction of 9.9% compared to the previous year. Over the 2017-2020 period, production decreased by 25.6%, with an average annual decline of 9.4%.

Annual dynamics of production in Latin America and the Caribbean in value, 2017-2020, M $ US

Exports rapeseed oilcake from Latin America and the Caribbean

Exports in kind, t

The market showed significant volatility during these years. Export levels fluctuated widely, with a 4.7-fold difference between the peak in 2020 and the low in 2018. In 2020, cross-border shipments of rapeseed oilcake from Latin America and the Caribbean totaled 7 617 t, representing a strong increase of 16.8% from 2019. The lowest volume was recorded in 2018 at 1 605 t. The largest decline occurred in 2018, falling by 40.4%, while the largest increase was in 2019, surging by 306.3%.

Annual dynamics of product's exports from Latin America and the Caribbean in kind, 2017-2020, t

From 2017 to 2020, Vietnam, the United States, and Myanmar were the key partners for exports in kind. Vietnam accounted for 36.5% of exports, the United States for 22.5%, and Myanmar for 13.8%. Together, these three countries represented 72.9% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Latin America and the Caribbean in kind, 2017-2020

Exports in value, K $ US

The data reveals irregular changes, pointing to a volatile market environment. The highest export value was recorded in 2020, while the lowest was in 2018, with a 4.1-fold gap between them. In 2020, Latin America and the Caribbean's rapeseed oilcake export volume reached 1 824 K $ US, reflecting an uptick of 6.8% from the previous year. The minimum value was in 2018 at 446 K $ US. The largest decline occurred in 2018, dropping by 41.9%, and the largest increase was in 2019, rising by 282.8%.

Annual dynamics of product's exports from Latin America and the Caribbean in value, 2017-2020, K $ US

Over the 2017-2020 period, Vietnam, the United States, and Myanmar stood out as the main markets for exports in value terms. Vietnam accounted for 37.7% of exports, the United States for 22.5%, and Myanmar for 12.1%. Collectively, these three countries represented 72.3% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Latin America and the Caribbean in value, 2017-2020

Imports rapeseed oilcake to Latin America and the Caribbean

Imports in kind, t

The market exhibited an unstable trend throughout the timeframe. Imports reached their maximum in 2017 and fell to their lowest point in 2019, with a 49-fold gap between these years. In 2020, imported rapeseed oilcake volumes in Latin America and the Caribbean totaled 12 736 t, which was 2 762.8% higher year-over-year. The minimum value was recorded in 2019 at 445 t. The largest decline occurred in 2019, dropping by 97.6%.

Annual dynamics of product's imports to Latin America and the Caribbean in kind, 2017-2020, t

From 2017 to 2020, Canada and the United States together absorbed 94.2% of total imports in kind of rapeseed oilcake to Latin America and the Caribbean, indicating a high degree of concentration in the market.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Latin America and the Caribbean in kind, 2017-2020

Imports in value, K $ US

The market showed an unstable trend throughout the period. Imports peaked in 2017 and bottomed in 2019, with a 43-fold difference between these years. In 2020, Latin America and the Caribbean imported approximately 3 289 K $ US of rapeseed oilcake, marking a sharp uptick of 2 716.8% compared to 2019. The minimum value was recorded in 2019 at 117 K $ US. The largest decline occurred in 2019, falling by 97.6%.

Annual dynamics of product's imports to Latin America and the Caribbean in value, 2017-2020, K $ US

Throughout 2017-2020, the country structure of imports in value terms was shaped primarily by Canada and the United States, which together accounted for 93.3% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Latin America and the Caribbean in value, 2017-2020