Canada - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRapeseed Oil Price in Canada - 2023
Contents:
- Rapeseed Oil Price in Canada (FOB) - 2023
- Rapeseed Oil Price in Canada (CIF) - 2023
- Rapeseed Oil Exports in Canada
- Rapeseed Oil Imports in Canada
Rapeseed Oil Price in Canada (FOB) - 2023
In June 2023, the average rapeseed oil export price amounted to $1,593 per ton, increasing by 2.1% against the previous month. Overall, the export price, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 4.5% m-o-m. The export price peaked at $2,048 per ton in June 2022; however, from July 2022 to June 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In June 2023, the country with the highest price was Mexico ($1,771 per ton), while the average price for exports to China ($1,488 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 Mexico (-1.0%), while the prices for the other major destinations experienced a decline.
Rapeseed Oil Price in Canada (CIF) - 2023
The average rapeseed oil import price stood at $1,435 per ton in June 2023, picking up by 42% against the previous month. In general, the import price, however, saw a noticeable descent. The most prominent rate of growth was recorded in February 2023 an increase of 51% month-to-month. As a result, import price reached the peak level of $2,611 per ton. From March 2023 to June 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($1,432 per ton), while the price for India amounted to $1,384 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (-1.3%), while the prices for the other major suppliers experienced a decline.
Rapeseed Oil Exports in Canada
In 2022, shipments abroad of rapeseed oil decreased by -15.8% to 2.7M tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 6.6%. As a result, the exports attained the peak of 3.4M tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, rapeseed oil exports soared to $4.8B in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Rapeseed Oil in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,583 | 1,569 | 2,834 | 3,917 | 35.3% |
| Mexico | 76.7 | 101 | 250 | 335 | 63.5% |
| China | 636 | 824 | 798 | 285 | -23.5% |
| South Korea | 113 | 93.5 | 166 | 147 | 9.2% |
| Chile | 88.7 | 92.4 | 107 | 75.8 | -5.1% |
| Others | 107 | 142 | 55.0 | 89.9 | -5.6% |
| Total | 2,604 | 2,823 | 4,211 | 4,849 | 23.0% |
Top Export Markets for Rapeseed Oil from Canada in 2022:
- United States (2066.4K tons)
- Mexico (187.4K tons)
- China (186.3K tons)
- South Korea (97.9K tons)
- Chile (53.9K tons)
Rapeseed Oil Imports in Canada
In 2022, the amount of rapeseed oil imported into Canada surged to 20K tons, growing by 26% compared with the year before. The total import volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, rapeseed oil imports soared to $35M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +18.6% 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 +74.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Rapeseed Oil in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 19.3 | 18.5 | 21.7 | 29.3 | 14.9% |
| India | 0.6 | 0.8 | 0.8 | 2.1 | 51.8% |
| Australia | N/A | N/A | 1.3 | 1.5 | 15.4% |
| Spain | N/A | N/A | N/A | 1.0 | 0% |
| Others | 1.3 | 0.7 | 1.3 | 1.3 | 0.0% |
| Total | 21.1 | 20.2 | 25.1 | 35.2 | 18.6% |
Top Suppliers of Rapeseed Oil to Canada in 2022:
- United States (17.1K tons)
- India (1.5K tons)
- Australia (0.7K tons)
- Spain (0.3K tons)
This report provides an in-depth analysis of the rapeseed oil market 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 271 - Oil of Rapeseed or Canola oil
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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This report provides an in-depth analysis of the rapeseed oil market in Canada.
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This report provides an in-depth analysis of the crude rapeseed oil market in Canada.
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This report provides an in-depth analysis of the refined rapeseed oil market in Canada.
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This report provides an in-depth analysis of the global rapeseed oil market.
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This report provides an in-depth analysis of the global crude rapeseed oil market.
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This report provides an in-depth analysis of the global refined rapeseed oil market.
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This report provides an in-depth analysis of the rapeseed oil market in Canada.
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This report provides an in-depth analysis of the crude rapeseed oil market in Canada.
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This report provides an in-depth analysis of the refined rapeseed oil market in Canada.
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This report provides an in-depth analysis of the global rapeseed oil market.
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The Rapeseed Oil exports reached a peak of 3.4M tons in 2020; however, they remained at a lower figure from 2021 to 2023. In terms of value, Rapeseed Oil exports notably increased to $5.3B in 2023.
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The export value of Rapeseed Oil dropped sharply to $316M in June 2023.
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During the period analyzed, Crude Rapeseed Oil exports peaked at 1.7M tons in 2018, but slightly decreased from 2019 to 2023. In terms of value, exports of Crude Rapeseed Oil significantly increased to $1.7B in 2023.
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In September 2022, the crude rapeseed oil price stood at $2,236 per ton (FOB, Canada), with an increase of 36% against the previous month.
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Refined Rapeseed Oil exports reached their peak in December 2023, with a total value of $304M.
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Discover the top import markets for rapeseed oil based on key statistics and data from the IndexBox market intelligence platform.
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Global rapeseed oil consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
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Global rapeseed oil exports amounted to X thousand tons in 2015, remaining constant against the previous year level.
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Global rapeseed oil imports amounted to X thousand tons in 2015, leveling off at the previous year level.
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In 2015, the countries with the highest levels of production were China (X thousand tons), Germany (X thousand tons), Canada (X thousand tons), together accounting for X% of total output.
