Report Update Apr 1, 2024

Canada - Crude Palm Oil - Market Analysis, Forecast, Size, Trends and Insights

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Canada: Crude Palm Oil Market 2024

Crude Palm Oil Market Size in Canada

The Canadian crude palm oil market skyrocketed to $X in 2022, jumping by X% against the previous year. In general, consumption enjoyed a prominent increase. Crude palm oil consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Crude Palm Oil Production in Canada

In value terms, crude palm oil production amounted to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X,700%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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Crude Palm Oil Exports

Exports from Canada

In 2022, overseas shipments of crude palm oil were finally on the rise to reach X tons after two years of decline. In general, exports recorded a strong increase. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, crude palm oil exports skyrocketed to $X in 2022. Overall, exports, however, recorded a abrupt decline. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Togo (X tons), Guinea (X tons) and Barbados (X tons) were the main destinations of crude palm oil exports from Canada.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Barbados (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crude palm oil exported from Canada were Togo ($X), Guinea ($X) and Barbados ($X).

Barbados, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crude palm oil export price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Togo ($X per ton), while the average price for exports to Barbados ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Crude Palm Oil Imports

Imports into Canada

Crude palm oil imports into Canada skyrocketed to X tons in 2022, increasing by X% against 2021. Overall, imports posted buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, crude palm oil imports soared to $X in 2022. Over the period under review, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Ghana (X tons) constituted the largest crude palm oil supplier to Canada, accounting for a X% share of total imports. Moreover, crude palm oil imports from Ghana exceeded the figures recorded by the second-largest supplier, Nigeria (X tons), fourfold. The third position in this ranking was held by Guinea (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Ghana stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Guinea (X% per year).

In value terms, Ghana ($X) constituted the largest supplier of crude palm oil to Canada, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total imports. It was followed by Guinea, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ghana stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Guinea (X% per year).

Import Prices by Country

In 2022, the average crude palm oil import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price recorded a perceptible contraction. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Nigeria ($X per ton) and Ghana ($X per ton), while the price for Ecuador ($X per ton) and Cote d'Ivoire ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the prices for the other major suppliers experienced a decline.

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Frequently Asked Questions (FAQ) :

What are the largest markets for crude palm oil in the world?

The country with the largest volume of crude palm oil consumption was Indonesia, comprising approx. 54% of total volume. Moreover, crude palm oil consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Malaysia, threefold. The third position in this ranking was taken by India, with an 8.5% share.

What are the largest producers of crude palm oil in the world?

Indonesia constituted the country with the largest volume of crude palm oil production, accounting for 59% of total volume. Moreover, crude palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia, twofold. Thailand ranked third in terms of total production with a 3.6% share.

What are the leading suppliers of crude palm oil to Canada?

In value terms, Ghana constituted the largest supplier of crude palm oil to Canada, comprising 53% of total imports. The second position in the ranking was held by Nigeria, with a 14% share of total imports. It was followed by Guinea, with an 8.2% share.

What are the leading importers of crude palm oil from Canada?

In value terms, Togo, Guinea and Barbados $691) constituted the largest markets for crude palm oil exported from Canada worldwide.

What is the average export price for crude palm oil in Canada?

The average crude palm oil export price stood at $192 per ton in 2022, declining by -3.5% against the previous year.

What is the average import price for crude palm oil in Canada?

In 2022, the average crude palm oil import price amounted to $421 per ton, which is down by -3.2% against the previous year.

This report provides an in-depth analysis of the crude palm 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 257 - Oil of palm

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

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

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1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023