This report provides an analysis of the rapeseed oil market in Mexico, examining historical data from 2020 to 2024 and offering forecasts through 2035. The report highlights key trends in consumption, production, trade, and pricing, both globally and within Mexico. It also outlines the significant role of Canada and the United States as Mexico's primary trade partners in rapeseed oil, while offering insights into future market dynamics.
Market Context (2020-2024)
Globally, rapeseed oil consumption in 2024 was led by China, the United States, and Germany, which together accounted for nearly half of the global consumption. In terms of production, Germany, Canada, and China were the leading producers, contributing to 45% of the global output. Within this context, Mexico's market dynamics were influenced by these global trends, with imports primarily sourced from Canada and the United States.
Trade and Price Signals
In 2024, Canada was the dominant supplier of rapeseed oil to Mexico, contributing 81% of total imports, followed by the United States with a 19% share. On the export front, the United States was the main destination for Mexican rapeseed oil, accounting for 83% of exports, with Honduras being the second-largest importer. The average export price of rapeseed oil from Mexico rose to $3,178 per ton in 2024, marking a 19% increase from the previous year. Despite this increase, the export prices remained below the peak levels observed in 2019. Conversely, the average import price decreased by 21.2% to $1,394 per ton in 2024, following a peak in 2022.
Outlook to 2035
Looking ahead to 2035, the Mexican rapeseed oil market is expected to continue being shaped by its trade relationships with Canada and the United States. The global production and consumption trends will likely influence Mexico's market dynamics, with potential fluctuations in import and export prices. As the global demand for rapeseed oil evolves, Mexico may experience shifts in its trade patterns and pricing strategies, necessitating strategic adjustments to maintain competitiveness in the international market.
Frequently Asked Questions (FAQ) :
The countries with the highest volumes of consumption in 2024 were China, the United States and Germany, with a combined 49% share of global consumption.
The countries with the highest volumes of production in 2024 were Germany, Canada and China, with a combined 45% share of global production. India, France, Poland, Russia, Japan, the United States and the Czech Republic lagged somewhat behind, together comprising a further 34%.
In value terms, Canada constituted the largest supplier of rapeseed oil to Mexico, comprising 81% of total imports. The second position in the ranking was taken by the United States, with a 19% share of total imports.
In value terms, the United States remains the key foreign market for rapeseed oil exports from Mexico, comprising 83% of total exports. The second position in the ranking was held by Honduras, with a 9.3% share of total exports.
The average rapeseed oil export price stood at $3,178 per ton in 2024, surging by 19% against the previous year. Over the period under review, the export price saw a pronounced increase. The growth pace was the most rapid in 2018 an increase of 196%. Over the period under review, the average export prices attained the maximum at $5,186 per ton in 2019; however, from 2020 to 2024, the export prices stood at a somewhat lower figure.
The average rapeseed oil import price stood at $1,394 per ton in 2024, declining by -21.2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the average import price increased by 46%. As a result, import price reached the peak level of $2,003 per ton. From 2023 to 2024, the average import prices failed to regain momentum.
This report provides a comprehensive view of the rapeseed oil industry in Mexico, tracking demand, supply, and trade flows across the national value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply.
Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between domestic suppliers and international partners. The analysis is designed to support strategic planning, market entry, portfolio prioritization, and risk management in the rapeseed oil landscape in Mexico.
Domestic demand is shaped by both household and industrial usage, with trade flows linking local supply to imports and exports.
Pricing dynamics reflect unit values, freight costs, exchange rates, and regulatory shifts that affect sourcing decisions.
Supply depends on input availability and production efficiency, creating a distinct national cost curve.
Market concentration varies by segment, creating different competitive landscapes and entry barriers.
The 2035 outlook highlights where capacity investment and demand growth are most aligned within the country.
Report scope
The report combines market sizing with trade intelligence and price analytics for Mexico. It covers both historical performance and the forward outlook to 2035, allowing you to compare cycles, structural shifts, and policy impacts.
Market size and growth in value and volume terms
Consumption structure by end-use segments
Production capacity, output, and cost dynamics
Trade flows, exporters, importers, and balances
Price benchmarks, unit values, and margin signals
Competitive context and market entry conditions
Product coverage
FCL 271 - Oil of Rapeseed or Canola oil
Country coverage
Mexico
Country profile and benchmarks
This report provides a consistent view of market size, trade balance, prices, and per-capita indicators for Mexico. The profile highlights demand structure and trade position, enabling benchmarking against regional and global peers.
Methodology
The analysis is built on a multi-source framework that combines official statistics, trade records, company disclosures, and expert validation. Data are standardized, reconciled, and cross-checked to ensure consistency across time series.
International trade data (exports, imports, and mirror statistics)
National production and consumption statistics
Company-level information from financial filings and public releases
Price series and unit value benchmarks
Analyst review, outlier checks, and time-series validation
All data are normalized to a common product definition and mapped to a consistent set of codes. This ensures that comparisons across time are aligned and actionable.
Forecasts to 2035
The forecast horizon extends to 2035 and is based on a structured model that links rapeseed oil demand and supply to macroeconomic indicators, trade patterns, and sector-specific drivers. The model captures both cyclical and structural factors and reflects known policy and technology shifts in Mexico.
Historical baseline: 2012-2025
Forecast horizon: 2026-2035
Scenario-based sensitivity to income growth, substitution, and regulation
Capacity and investment outlook for major producing companies
Each projection is built from national historical patterns and the broader regional context, allowing the report to show where growth is concentrated and where risks are elevated.
Price analysis and trade dynamics
Prices are analyzed in detail, including export and import unit values, regional spreads, and changes in trade costs. The report highlights how seasonality, freight rates, exchange rates, and supply disruptions influence pricing and margins.
Price benchmarks by country and sub-region
Export and import unit value trends
Seasonality and calendar effects in trade flows
Price outlook to 2035 under baseline assumptions
Profiles of market participants
Key producers, exporters, and distributors are profiled with a focus on their operational scale, geographic footprint, product mix, and market positioning. This helps identify competitive pressure points, partnership opportunities, and routes to differentiation.
Business focus and production capabilities
Geographic reach and distribution networks
Cost structure and pricing strategy indicators
Compliance, certification, and sustainability context
How to use this report
Quantify domestic demand and identify the most attractive segments
Evaluate export opportunities and prioritize target destinations
Track price dynamics and protect margins
Benchmark performance against leading competitors
Build evidence-based forecasts for investment decisions
This report is designed for manufacturers, distributors, importers, wholesalers, investors, and advisors who need a clear, data-driven picture of rapeseed oil dynamics in Mexico.
FAQ
What is included in the rapeseed oil market in Mexico?
The market size aggregates consumption and trade data, presented in both value and volume terms.
How are the forecasts to 2035 built?
The projections combine historical trends with macroeconomic indicators, trade dynamics, and sector-specific drivers.
Does the report cover prices and margins?
Yes, it includes export and import unit values, regional spreads, and a pricing outlook to 2035.
Which benchmarks are included?
The report benchmarks market size, trade balance, prices, and per-capita indicators for Mexico.
Can this report support market entry decisions?
Yes, it highlights demand hotspots, trade routes, pricing trends, and competitive context.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
Per Capita Consumption: Historical Data (2012–2025) and Forecast (2026–2035)
Imports, In Physical Terms, By Country, 2012–2025
Imports, In Value Terms, By Country, 2012–2025
Import Prices, By Country, 2012–2025
Exports, In Physical Terms, By Country, 2012–2025
Exports, In Value Terms, By Country, 2012–2025
Export Prices, By Country, 2012–2025
LIST OF FIGURES
Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Trade Balance, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Trade Balance, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Per Capita Consumption: Historical Data (2012–2025) and Forecast (2026–2035)
Market Volume Forecast to 2035
Market Value Forecast to 2035
Market Size and Growth, By Product
Average Per Capita Consumption, By Product
Exports and Growth, By Product
Export Prices and Growth, By Product
Production Volume and Growth
Exports and Growth
Export Prices and Growth
Market Size and Growth
Per Capita Consumption
Imports and Growth
Import Prices
Production, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Production, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Imports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Imports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Imports, In Physical Terms, By Country, 2025
Imports, In Physical Terms, By Country, 2012–2025
Imports, In Value Terms, By Country, 2012–2025
Import Prices, By Country, 2012–2025
Exports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Exports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Exports, In Physical Terms, By Country, 2025
Exports, In Physical Terms, By Country, 2012–2025
Exports, In Value Terms, By Country, 2012–2025
Export Prices, By Country, 2012–2025
Feb 21, 2026
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