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Canada - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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Canada: Virgin Olive Oil Market Overview 2021

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Virgin Olive Oil Market Size in Canada

After two years of decline, the Canadian virgin olive oil market increased by X% to $X in 2019. Over the period under review, the total consumption indicated a temperate expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2017 to 2019, the growth of the market remained at a lower figure.

Virgin Olive Oil Exports

Exports from Canada

In 2019, overseas shipments of olive oil (virgin) decreased by -X% to X tonnes, falling for the third year in a row after two years of growth. Over the period under review, exports showed a deep setback. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at X tonnes in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, virgin olive oil exports reduced modestly to $X in 2019. Overall, exports saw a noticeable setback. The pace of growth was the most pronounced in 2016 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (X tonnes) was the main destination for virgin olive oil exports from Canada, with a X% share of total exports. Moreover, virgin olive oil exports to the U.S. exceeded the volume sent to the second major destination, France (X tonnes), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume to the U.S. totaled -X%.

In value terms, the U.S. ($X) remains the key foreign market for virgin olive oil exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to the U.S. amounted to -X%.

Export Prices by Country

The average virgin olive oil export price stood at $X per tonne in 2019, with an increase of X% against the previous year. In general, export price indicated a moderate increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, virgin olive oil export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked in 2019 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to France totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the U.S..

Virgin Olive Oil Imports

Imports into Canada

Virgin olive oil imports into Canada rose notably to X tonnes in 2019, surging by X% against the previous year's figure. In general, total imports indicated a noticeable expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Imports peaked at X tonnes in 2016; however, from 2017 to 2019, imports failed to regain the momentum.

In value terms, virgin olive oil imports fell slightly to $X in 2019. Over the period under review, total imports indicated a tangible expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2016 indices. The growth pace was the most rapid in 2016 when imports increased by X% y-o-y. As a result, imports attained the peak of $X. From 2017 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2019, Italy (X tonnes) constituted the largest virgin olive oil supplier to Canada, with a X% share of total imports. Moreover, virgin olive oil imports from Italy exceeded the figures recorded by the second-largest supplier, Tunisia (X tonnes), twofold. The third position in this ranking was occupied by Spain (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (+X% per year) and Spain (+X% per year).

In value terms, Italy ($X) constituted the largest supplier of virgin olive oil to Canada, comprising X% of total imports. The second position in the ranking was occupied by Tunisia ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (+X% per year) and Spain (+X% per year).

Import Prices by Country

In 2019, the average virgin olive oil import price amounted to $X per tonne, with a decrease of -X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per tonne in 2017; however, from 2018 to 2019, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, the countries with the highest prices were Italy ($X per tonne) and Spain ($X per tonne), while the price for Greece ($X per tonne) and Tunisia ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Tunisia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for olive oil (virgin) in the world?
+
The countries with the highest volumes of virgin olive oil consumption in 2019 were Spain (969K tonnes), Italy (755K tonnes) and Greece (340K tonnes), together comprising 55% of global consumption. The U.S., Morocco, France, Tunisia, Algeria, Brazil, Portugal, Syrian Arab Republic and Germany lagged somewhat behind, together comprising a further 28%.
What are the largest producers of olive oil (virgin) in the world?
+
Spain (1.7M tonnes) remains the largest virgin olive oil producing country worldwide, accounting for 45% of total volume. Moreover, virgin olive oil production in Spain exceeded the figures recorded by the second-largest producer, Italy (477K tonnes), fourfold. Greece (434K tonnes) ranked third in terms of total production with a 12% share.
What are the leading suppliers of olive oil (virgin) to Canada?
+
In value terms, Italy ($67M) constituted the largest supplier of virgin olive oil to Canada, comprising 47% of total imports. The second position in the ranking was occupied by Tunisia ($27M), with a 19% share of total imports. It was followed by Spain, with a 19% share.
What are the leading importers of olive oil (virgin) from Canada?
+
In value terms, the U.S. ($1.2M) remains the key foreign market for virgin olive oil exports from Canada, comprising 98% of total exports. The second position in the ranking was occupied by France ($13K), with a 1.1% share of total exports.
What is the average export price for olive oil (virgin) in Canada?
+
The average virgin olive oil export price stood at $5,167 per tonne in 2019, growing by 6.5% against the previous year.
What is the average import price for olive oil (virgin) in Canada?
+
In 2019, the average virgin olive oil import price amounted to $4,307 per tonne, shrinking by -13.2% against the previous year.

Product coverage:
• FCL 261 - Oil of Olives, Virgin

This report provides an in-depth analysis of the virgin olive 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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
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, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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