Canada - Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Sunflower-Seed and Safflower Oil in Canada - 2023
Contents:
- Price for Sunflower-Seed and Safflower Oil in Canada (CIF) - 2023
- Price for Sunflower-Seed and Safflower Oil in Canada (FOB) - 2023
- Imports of Sunflower-Seed and Safflower Oil in Canada
- Exports of Sunflower-Seed and Safflower Oil in Canada
Price for Sunflower-Seed and Safflower Oil in Canada (CIF) - 2023
The average sunflower-seed and safflower oil import price stood at $2,248 per ton in June 2023, which is down by -5.8% against the previous month. Over the period under review, the import price continues to indicate a noticeable contraction. The growth pace was the most rapid in November 2022 an increase of 27% month-to-month. Over the period under review, average import prices attained the maximum at $3,428 per ton in August 2022; however, from September 2022 to June 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the countries with the highest prices were Spain ($2,563 per ton) and the United States ($2,479 per ton), while the price for Ukraine ($1,718 per ton) and Turkey ($2,040 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Romania (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Sunflower-Seed and Safflower Oil in Canada (FOB) - 2023
In June 2023, the average sunflower-seed and safflower oil export price amounted to $1,545 per ton, with an increase of 15% against the previous month. Over the period under review, the export price, however, faced a abrupt decline. The pace of growth was the most pronounced in March 2023 an increase of 143% m-o-m. Over the period under review, the average export prices reached the maximum at $5,555 per ton in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was the United States ($2,933 per ton), while the average price for exports to Israel ($370 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sunflower-Seed and Safflower Oil in Canada
In 2022, the amount of sunflower-seed and safflower oil imported into Canada surged to 58K tons, increasing by 28% against 2021 figures. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.0% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 56% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, sunflower-seed and safflower oil imports soared to $139M in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sunflower-Seed and Safflower Oil in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 31.3 | 35.9 | 53.0 | 69.0 | 30.1% |
| Ukraine | 2.6 | 18.7 | 15.5 | 45.2 | 159.1% |
| Spain | 2.0 | 6.9 | 4.7 | 9.2 | 66.3% |
| Turkey | 0.9 | 0.5 | 2.9 | 5.5 | 82.8% |
| Netherlands | 2.5 | 2.1 | 2.5 | 3.4 | 10.8% |
| Others | 2.7 | 2.7 | 3.6 | 7.1 | 38.0% |
| Total | 41.9 | 66.8 | 82.2 | 139 | 49.1% |
Top Suppliers of Sunflower-Seed and Safflower Oil to Canada in 2022:
- United States (24.0K tons)
- Ukraine (23.0K tons)
- Spain (4.3K tons)
- Turkey (2.5K tons)
- Netherlands (1.2K tons)
Exports of Sunflower-Seed and Safflower Oil in Canada
In 2022, sunflower-seed and safflower oil exports from Canada stood at 2K tons, remaining constant against the previous year. In general, exports posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 63%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, sunflower-seed and safflower oil exports surged to $5.7M in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 74% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Sunflower-Seed and Safflower Oil in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,346 | 2,487 | 2,854 | 5,352 | 58.4% |
| Singapore | 37.7 | 64.4 | 110 | 128 | 50.3% |
| South Korea | 30.6 | 25.7 | 66.0 | 39.6 | 9.0% |
| Czech Republic | N/A | N/A | N/A | 34.6 | 0% |
| France | N/A | 24.5 | N/A | 22.5 | -4.2% |
| United Arab Emirates | 41.8 | 0.4 | N/A | 14.3 | -30.1% |
| Burkina Faso | 6.1 | 17.0 | 5.5 | 12.5 | 27.0% |
| Japan | 55.0 | N/A | N/A | N/A | 0% |
| China | N/A | N/A | 41.0 | N/A | 0% |
| Netherlands | N/A | 38.4 | 168 | N/A | 337.5% |
| Others | 38.1 | 41.7 | 85.0 | 49.3 | 9.0% |
| Total | 1,555 | 2,699 | 3,328 | 5,653 | 53.8% |
Top Export Markets for Sunflower-Seed and Safflower Oil from Canada in 2022:
- United States (1207.8 tons)
- Singapore (327.4 tons)
- South Korea (101.9 tons)
- Czech Republic (90.3 tons)
- France (58.6 tons)
- United Arab Emirates (37.3 tons)
- Burkina Faso (32.4 tons)
This report provides an in-depth analysis of the market for sunflower-seed and safflower oil in Canada. 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 268 - Oil of Sunflower Seed
- FCL 281 - Oil of Safflower Seed
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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
-
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
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