Canada - Refined Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Canada - 2023
Contents:
- Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Canada (CIF) - 2023
- Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Canada (FOB) - 2023
- Imports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Canada
- Exports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Canada
Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Canada (CIF) - 2023
The average import price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $2,062 per ton in October 2023, falling by -9.6% against the previous month. Over the period under review, the import price showed a noticeable reduction. The most prominent rate of growth was recorded in September 2023 an increase of 7.5% month-to-month. The import price peaked at $2,789 per ton in November 2022; however, from December 2022 to October 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($2,878 per ton), while the price for Ukraine ($1,493 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Turkey (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Canada (FOB) - 2023
In October 2023, the average export price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $1,365 per ton, dropping by -30.3% against the previous month. Over the period under review, the export price showed a abrupt decline. The most prominent rate of growth was recorded in March 2023 an increase of 117% month-to-month. Over the period under review, the average export prices reached the peak figure at $4,177 per ton in November 2022; however, from December 2022 to October 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($2,241 per ton), while the average price for exports to Italy ($365 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (0.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Canada
In 2022, the amount of sunflower-seed or safflower oil, refined, but not chemically modified imported into Canada soared to 53K tons, with an increase of 20% against the previous year's figure. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +22.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.7% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 59% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $137M in 2022. Over the period under review, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 31.1 | 35.7 | 52.9 | 68.6 | 30.2% |
| Ukraine | 2.5 | 18.6 | 15.4 | 44.0 | 160.1% |
| Spain | 1.9 | 6.4 | 4.7 | 8.3 | 63.5% |
| Turkey | 0.8 | 0.5 | 2.8 | 5.5 | 90.1% |
| Netherlands | 2.4 | 2.0 | 2.4 | 3.3 | 11.2% |
| Others | 2.1 | 2.4 | 3.5 | 6.9 | 48.7% |
| Total | 40.9 | 65.8 | 81.7 | 137 | 49.6% |
Top Suppliers of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified to Canada in 2022:
- United States (23.2K tons)
- Ukraine (21.1K tons)
- Spain (2.8K tons)
- Turkey (2.5K tons)
- Netherlands (1.0K tons)
Exports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Canada
In 2022, after three years of growth, there was decline in shipments abroad of sunflower-seed or safflower oil, refined, but not chemically modified, when their volume decreased by -4.6% to 1.8K tons. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 70% against the previous year.
In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $5.1M in 2022. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 80%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in years to come.
| Export of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,278 | 2,353 | 2,670 | 4,761 | 55.0% |
| 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% |
| Hong Kong SAR | 11.3 | 10.2 | 10.9 | 6.7 | -16.0% |
| China | N/A | N/A | 41.0 | N/A | 0% |
| Netherlands | N/A | 38.4 | 168 | N/A | 337.5% |
| Others | 21.9 | 31.4 | 69.0 | 42.6 | 24.8% |
| Total | 1,428 | 2,565 | 3,140 | 5,061 | 52.5% |
Top Export Markets for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified from Canada in 2022:
- United States (1036.2 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)
- Hong Kong SAR (17.4 tons)
This report provides an in-depth analysis of the market for sunflower-seed or safflower oil, refined, but not chemically modified 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:
- Prodcom 10415400 - Refined sunflower-seed and safflower oil and their fractions (excluding chemically modified)
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
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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
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