Canada - Refined Rape, Colza Or Mustard Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Rapeseed Oil Price in Canada - 2023
Contents:
- Refined Rapeseed Oil Price in Canada (FOB) - 2023
- Refined Rapeseed Oil Price in Canada (CIF) - 2023
- Refined Rapeseed Oil Exports in Canada
- Refined Rapeseed Oil Imports in Canada
Refined Rapeseed Oil Price in Canada (FOB) - 2023
The average refined rapeseed oil export price stood at $1,697 per ton in June 2023, remaining relatively unchanged against the previous month. Over the period under review, the export price, however, continues to indicate a mild descent. The export price peaked at $2,124 per ton in June 2022; however, from July 2022 to June 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In June 2023, the country with the highest price was Mexico ($1,781 per ton), while the average price for exports to the United States stood at $1,692 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-1.0%).
Refined Rapeseed Oil Price in Canada (CIF) - 2023
The average refined rapeseed oil import price stood at $1,996 per ton in June 2023, with a decrease of -3.7% against the previous month. Overall, the import price saw a mild reduction. The most prominent rate of growth was recorded in October 2022 an increase of 48% month-to-month. As a result, import price attained the peak level of $3,100 per ton. From November 2022 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 India ($2,053 per ton), while the price for the United States totaled $1,983 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Australia (+2.1%), while the prices for the other major suppliers experienced a decline.
Refined Rapeseed Oil Exports in Canada
In 2022, shipments abroad of refined rape, colza or mustard oil decreased by -5% to 1.7M tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 5.1%.
In value terms, refined rapeseed oil exports surged to $3.3B in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 65%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
Export of Refined Rapeseed Oil in Canada (Billion USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1.4 | 1.4 | 2.3 | 3.0 | 28.9% |
Mexico | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
Total | 1.5 | 1.6 | 2.6 | 3.3 | 30.1% |
Top Export Markets for Refined Rapeseed Oil from Canada in 2022:
- United States (1516.4K tons)
- Mexico (137.3K tons)
Refined Rapeseed Oil Imports in Canada
In 2022, approx. 13K tons of refined rape, colza or mustard oil were imported into Canada; surging by 6.7% on 2021. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 7.9%.
In value terms, refined rapeseed oil imports soared to $30M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.5% 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 +79.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
Import of Refined Rapeseed Oil in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 17.4 | 15.2 | 19.4 | 25.3 | 13.3% |
Australia | N/A | N/A | 1.3 | 1.5 | 15.4% |
India | 0.6 | 0.7 | 0.5 | 1.0 | 18.6% |
Spain | N/A | N/A | N/A | 1.0 | 0% |
Others | 1.4 | 0.7 | 1.1 | 1.1 | -7.7% |
Total | 19.4 | 16.7 | 22.4 | 29.9 | 15.5% |
Top Suppliers of Refined Rapeseed Oil to Canada in 2022:
- United States (11.7K tons)
- Australia (0.7K tons)
- India (0.4K tons)
- Spain (0.3K tons)
This report provides an in-depth analysis of the refined 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:
- Prodcom 10415600 - Refined rape, colza or mustard 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
This report provides an in-depth analysis of the refined rapeseed oil market in Canada.
This report provides an in-depth analysis of the rapeseed oil market in Canada.
This report provides an in-depth analysis of the crude rapeseed oil market in Canada.
This report provides an in-depth analysis of the global refined rapeseed oil market.
This report provides an in-depth analysis of the global rapeseed oil market.
This report provides an in-depth analysis of the global crude rapeseed oil market.
This report provides an in-depth analysis of the refined rapeseed oil market in Canada.
This report provides an in-depth analysis of the rapeseed oil market in Canada.
This report provides an in-depth analysis of the crude rapeseed oil market in Canada.
This report provides an in-depth analysis of the global refined rapeseed oil market.
Refined Rapeseed Oil exports reached their peak in December 2023, with a total value of $304M.
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.
The export value of Rapeseed Oil dropped sharply to $316M in June 2023.
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.
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.
Discover the top import markets for refined rapeseed oil and their key statistics. Learn about the countries with the highest import values, such as the United States, Netherlands, and Belgium.
Discover the top import markets for rapeseed oil based on key statistics and data from the IndexBox market intelligence platform.
Global rapeseed oil consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
Global rapeseed oil exports amounted to X thousand tons in 2015, remaining constant against the previous year level.
Global rapeseed oil imports amounted to X thousand tons in 2015, leveling off at the previous year level.