Canada - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Maize Oil Price in Canada - 2023
Contents:
- Refined Maize Oil Price in Canada (CIF) - 2023
- Refined Maize Oil Price in Canada (FOB) - 2023
- Refined Maize Oil Imports in Canada
- Refined Maize Oil Exports in Canada
Refined Maize Oil Price in Canada (CIF) - 2023
In June 2023, the average refined maize oil import price amounted to $2,057 per ton, with an increase of 21% against the previous month. Overall, import price indicated a pronounced expansion from June 2022 to June 2023: its price increased at an average monthly rate of +2.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, refined maize oil import price decreased by -22.7% against April 2023 indices. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 63% against the previous month. As a result, import price attained the peak level of $2,885 per ton. From November 2022 to June 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +2.4% per month.
Refined Maize Oil Price in Canada (FOB) - 2023
In June 2023, the average refined maize oil export price amounted to $1,997 per ton, shrinking by -5.2% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in March 2023 an increase of 31% month-to-month. The export price peaked at $2,212 per ton in October 2022; however, from November 2022 to June 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +1.8% per month.
Refined Maize Oil Imports in Canada
In 2022, approx. 12K tons of refined maize (corn) oil were imported into Canada; rising by 21% on 2021 figures. The total import volume increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, refined maize oil imports skyrocketed to $21M in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Refined Maize Oil in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.0 | 12.3 | 13.6 | 20.7 | 27.4% |
| Others | N/A | 0.1 | 0.2 | 0.3 | 73.2% |
| Total | 10.0 | 12.5 | 13.8 | 21.0 | 28.1% |
Top Suppliers of Refined Maize Oil to Canada in 2022:
- United States (11.8K tons)
Refined Maize Oil Exports in Canada
For the fourth consecutive year, Canada recorded growth in overseas shipments of refined maize (corn) oil, which increased by 67% to 16K tons in 2022. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, refined maize oil exports skyrocketed to $29M in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Refined Maize Oil in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.0 | 7.6 | 12.6 | 29.2 | 61.0% |
| Mexico | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Chile | 1.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.1 | 7.6 | 12.8 | 29.4 | 53.7% |
Top Export Markets for Refined Maize Oil from Canada in 2022:
- United States (15.5K tons)
- Mexico (0.2K tons)
This report provides an in-depth analysis of the refined maize 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:
- Prodcom 10621460 - Refined maize (corn) oil and its 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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The rate of growth of Refined Maize Oil reached its highest point in May 2023, with a massive 177% month-on-month increase. The value of imports for Refined Maize Oil surged to $1.9M in September 2023.
368
In February 2023, the maize oil price was recorded at $838 per ton (FOB, Canada), which was an increase of 5.6% compared to the previous month.
238
Linseed Oil exports in June 2023 experienced a slight contraction, reaching a value of $934K.
1508
Global maize oil consumption amounted to X thousand tons in 2015, falling by -X% against the previous year level.
1435
In 2015, the country with the largest volume of the maize oil output was the United States (X thousand tons), accounting for X% of global production.
1717
The maize oil market reached X million USD, rising with an annual increase of X%.
1401
The U.S. dominates in the global maize oil trade. In 2014, the U.S. exported X thousand tons of maize oil totaling X million USD, X% under the previous year. Its primary trading partner was Saudi Arabia, where it supplied X% of its total maize
2207
Global linseed oil consumption amounted to X thousand tons in 2015, shrinking by -X% against the previous year level.
3375
In 2015, the countries with the highest levels of linseed oil production were China (X thousand tons), Belgium (X thousand tons), the United States (X thousand tons), together accounting for X% of total output.
1820
Belgium continued its dominance in the global linseed oil trade. In 2014, Belgium exported X thousand tons of linseed oil totaling X million USD, X% under the previous year. Its primary trading partner was Germany, where it supplied X% of its to
