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Canada - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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Canada: Refined Olive Oil Market Overview 2021

Refined Olive Oil Market Size in Canada

In 2019, the Canadian refined olive oil market decreased by -X% to $X, falling for the eighth year in a row after five years of growth. In general, consumption continues to indicate a slight descent. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. From 2012 to 2019, the growth of the market failed to regain the momentum.

Refined Olive Oil Production in Canada

In value terms, refined olive oil production declined modestly to $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. As a result, production attained the peak level of $X. From 2012 to 2019, production growth failed to regain the momentum.

Refined Olive Oil Exports

Exports from Canada

For the fifth year in a row, Canada recorded growth in overseas shipments of refined olive oil, which increased by X% to X tonnes in 2019. In general, exports saw prominent growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure in 2019 and are expected to retain growth in years to come.

In value terms, refined olive oil exports rose remarkably to $X in 2019. Over the period under review, exports saw a strong increase. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure in 2019 and are expected to retain growth in the near future.

Exports by Country

The U.S. (X tonnes), Singapore (X tonnes) and Bahamas (X tonnes) were the main destinations of refined olive oil exports from Canada, together comprising X% of total exports. These countries were followed by Lao People's Democratic Republic, Cuba and Belgium, which together accounted for a further X 2007 to 2019, the biggest increases were in Belgium (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

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

From 2007 to 2019, the average annual growth rate of value to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+X% per year) and Bahamas (X% per year).

Export Prices by Country

In 2019, the average refined olive oil export price amounted to $X per tonne, dropping by -X% against the previous year. In general, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2019, export prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Cuba, while the prices for the other major destinations experienced more modest paces of growth.

Refined Olive Oil Imports

Imports into Canada

In 2019, imports of refined olive oil into Canada declined to X tonnes, waning by -X% compared with the previous year's figure. Over the period under review, imports showed a pronounced curtailment. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. From 2011 to 2019, the growth imports failed to regain the momentum.

In value terms, refined olive oil imports fell rapidly to $X in 2019. Overall, imports recorded a pronounced descent. The pace of growth appeared the most rapid in 2016 when imports increased by X% year-to-year. Imports peaked at $X in 2008; however, from 2009 to 2019, imports remained at a lower figure.

Imports by Country

Spain (X tonnes), Italy (X tonnes) and the U.S. (X tonnes) were the main suppliers of refined olive oil imports to Canada, together accounting for X% of total imports. Tunisia, Portugal and Turkey lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Tunisia, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest refined olive oil suppliers to Canada were Spain ($X), Italy ($X) and the U.S. ($X), with a combined X% share of total imports. Tunisia, Portugal and Turkey lagged somewhat behind, together accounting for a further X terms of the main suppliers, Portugal saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average refined olive oil import price amounted to $X per tonne, falling by -X% against the previous year. Overall, the import price recorded a slight reduction. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the maximum at $X per tonne in 2008; however, from 2009 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Portugal, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined olive oil in the world?
+
The countries with the highest volumes of refined olive oil consumption in 2019 were China (672K tonnes), the U.S. (356K tonnes) and India (263K tonnes), together accounting for 28% of global consumption. These countries were followed by Spain, Japan, Indonesia, Germany, Russia, Brazil, Pakistan, Bangladesh, France and Italy, which together accounted for a further 28%.
What are the largest producers of refined olive oil in the world?
+
The countries with the highest volumes of refined olive oil production in 2019 were China (664K tonnes), Spain (417K tonnes) and the U.S. (277K tonnes), together comprising 30% of global production. These countries were followed by India, Japan, Indonesia, Germany, Russia, Pakistan, Brazil, Italy, Bangladesh and France, which together accounted for a further 29%.
What are the leading suppliers of refined olive oil to Canada?
+
In value terms, the largest refined olive oil suppliers to Canada were Spain ($11M), Italy ($8.5M) and the U.S. ($3.4M), with a combined 81% share of total imports. These countries were followed by Tunisia, Portugal and Turkey, which together accounted for a further 15%.
What are the leading importers of refined olive oil from Canada?
+
In value terms, the U.S. ($485K) remains the key foreign market for refined olive oil exports from Canada, comprising 68% of total exports. The second position in the ranking was occupied by Singapore ($131K), with a 19% share of total exports. It was followed by Bahamas, with a 4.8% share.
What is the average export price for refined olive oil in Canada?
+
In 2019, the average refined olive oil export price amounted to $1,634 per tonne, which is down by -4.4% against the previous year.
What is the average import price for refined olive oil in Canada?
+
The average refined olive oil import price stood at $3,476 per tonne in 2019, waning by -13.4% against the previous year.

Product coverage:
• Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined 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 2007–2020
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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