U.S. - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRapeseed Oil Price Continues its Upward Trend, Reaching $2,046 per Ton
U.S. Rapeseed Oil Import Price per Ton July 2022
In July 2022, the rapeseed oil price per ton stood at $2,046, with an increase of 1.8% against the previous month. Over the period from January 2022 to July 2022, it increased at an average monthly rate of +3.2%. The most prominent rate of growth was recorded in April 2022 an increase of 6% m-o-m. The import price peaked in July 2022.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From January 2022 to July 2022, the rate of growth in terms of prices for Canada amounted to +3.2% per month.
U.S. Rapeseed Oil Import Prices by Type
Average prices varied somewhat amongst the major supplied products. In July 2022, the highest price was recorded for prices from vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude ($2,314 per ton) and vegetable oils; excluding low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified ($2,162 per ton), while the price for vegetable oils; low erucic acid rape or colza oil and its fractions, crude ($1,826 per ton) and vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified ($2,093 per ton) were amongst the lowest.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by vegetable oils; low erucic acid rape or colza oil and its fractions, crude (+4.9%), while the prices for the other products experienced more modest paces of growth.
U.S. Rapeseed Oil Imports
In July 2022, supplies from abroad of rapeseed oil increased by 1.3% to 167K tons, rising for the second month in a row after two months of decline. The total import volume increased at an average monthly rate of +2.7% over the period from January 2022 to July 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain months. The pace of growth was the most pronounced in March 2022 when imports increased by 22% month-to-month. As a result, imports attained the peak of 181K tons. From April 2022 to July 2022, the growth of imports remained at a lower figure.
In value terms, rapeseed oil imports amounted to $342M (IndexBox estimates) in July 2022. The total import value increased at an average monthly rate of +6.0% from January 2022 to July 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in March 2022 with an increase of 26% against the previous month. Over the period under review, imports hit record highs in July 2022.
U.S. Rapeseed Oil Imports by Type
In July 2022, vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified (134K tons) constituted the largest type of rapeseed oil supplied to the United States, accounting for a 80% share of total imports. Moreover, vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified exceeded the figures recorded for the second-largest type, vegetable oils; low erucic acid rape or colza oil and its fractions, crude (31K tons), fourfold. Vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude (1.7K tons) ranked third in terms of total imports with a 1% share.
From January 2022 to July 2022, the average monthly rate of growth in terms of the volume of import of vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified was relatively modest. With regard to the other supplied products, the following average monthly rates of growth were recorded: vegetable oils; low erucic acid rape or colza oil and its fractions, crude (+15.2% per month) and vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude (-0.1% per month).
In value terms, vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified ($280M) constituted the largest type of rapeseed oil supplied to the United States, comprising 82% of total imports. The second position in the ranking was held by vegetable oils; low erucic acid rape or colza oil and its fractions, crude ($57M), with a 17% share of total imports. It was followed by vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude, with a 1.1% share.
U.S. Rapeseed Oil Imports by Country
In July 2022, Canada (163K tons) was the main supplier of rapeseed oil to the United States, accounting for a approximately 98% share of total imports.
From January 2022 to July 2022, the average monthly rate of growth in terms of volume from Canada stood at +2.7%.
In value terms, Canada ($334M) constituted the largest supplier of rapeseed oil to the United States.
From January 2022 to July 2022, the average monthly growth rate of value from Canada totaled +5.9%.
This report provides an in-depth analysis of the rapeseed oil market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 271 - Oil of Rapeseed or Canola oil
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
