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Canada - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends And Insights
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Canada: Crude Soybean Oil Market Overview 2021

Crude Soybean Oil Market Size in Canada

In 2020, the Canadian crude soybean oil market decreased by -X% to $X for the first time since 2015, thus ending a four-year rising trend. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, the market reached the peak level at $X in 2019, and then fell in the following year.

Crude Soybean Oil Production in Canada

In value terms, crude soybean oil production dropped to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a temperate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2018 indices. The growth pace was the most rapid in 2010 when the production volume increased by X% y-o-y. Crude soybean oil production peaked at $X in 2011; however, from 2012 to 2020, production failed to regain the momentum.

Crude Soybean Oil Exports

Exports from Canada

In 2020, shipments abroad of crude soybean oil was finally on the rise to reach X tonnes after four years of decline. In general, exports continue to indicate noticeable growth. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. As a result, exports reached the peak of X tonnes. From 2016 to 2020, the growth exports remained at a lower figure.

In value terms, crude soybean oil exports soared to $X in 2020. Overall, exports posted a tangible increase. Exports peaked at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (X tonnes) was the main destination for crude soybean oil exports from Canada, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to the U.S. totaled +X%.

In value terms, the U.S. ($X) also remains the key foreign market for crude soybean oil exports from Canada.

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. amounted to +X%.

Export Prices by Country

In 2020, the average crude soybean oil export price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the maximum at $X per tonne in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the U.S..

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to -X% per year.

Crude Soybean Oil Imports

Imports into Canada

In 2020, approx. X tonnes of crude soybean oil were imported into Canada; picking up by X% compared with 2019. In general, imports, however, faced a abrupt slump. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, crude soybean oil imports soared to $X in 2020. Over the period under review, imports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the U.S. (X tonnes) constituted the largest crude soybean oil supplier to Canada, with a X% share of total imports. Moreover, crude soybean oil imports from the U.S. exceeded the figures recorded by the second-largest supplier, India (X tonnes), fivefold.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. amounted to -X%.

In value terms, the U.S. ($X) constituted the largest supplier of crude soybean oil to Canada, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. stood at -X%.

Import Prices by Country

The average crude soybean oil import price stood at $X per tonne in 2020, approximately equating the previous year. Overall, import price indicated perceptible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, crude soybean oil import price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was India ($X per tonne), while the price for the U.S. totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude soybean oil in the world?
+
The countries with the highest volumes of crude soybean oil consumption in 2020 were China (4.6M tonnes), India (3.6M tonnes) and the U.S. (2.3M tonnes), with a combined 34% share of global consumption.
What are the largest producers of crude soybean oil in the world?
+
The countries with the highest volumes of crude soybean oil production in 2020 were China (3.7M tonnes), the U.S. (3.3M tonnes) and Argentina (3.3M tonnes), together comprising 36% of global production.
What are the leading suppliers of crude soybean oil to Canada?
+
In value terms, the U.S. ($1.2M) constituted the largest supplier of crude soybean oil to Canada, comprising 84% of total imports. The second position in the ranking was occupied by India ($228K), with a 16% share of total imports.
What are the leading importers of crude soybean oil from Canada?
+
In value terms, the U.S. ($12M) remains the key foreign market for crude soybean oil exports from Canada.
What is the average export price for crude soybean oil in Canada?
+
The average crude soybean oil export price stood at $690 per tonne in 2020, with a decrease of -5.2% against the previous year.
What is the average import price for crude soybean oil in Canada?
+
In 2020, the average crude soybean oil import price amounted to $1,112 per tonne, leveling off at the previous year.

Product coverage:
• Prodcom 10412100 - Crude soya-bean oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the crude soybean 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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