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Canada - Refined Soybean Oil And Its Fractions - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Canada: Refined Soybean Oil Market Overview 2021

Refined Soybean Oil Market Size in Canada

In 2020, the Canadian refined soybean oil market was finally on the rise to reach $X for the first time since 2016, thus ending a three-year declining trend. In general, consumption showed a pronounced descent. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2012 to 2020, the growth of the market remained at a somewhat lower figure.

Refined Soybean Oil Production in Canada

In value terms, refined soybean oil production declined significantly 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. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2019, and then contracted sharply in the following year.

Refined Soybean Oil Exports

Exports from Canada

In 2020, overseas shipments of refined soybean oil and its fractions decreased by -X% to X tonnes for the first time since 2014, thus ending a five-year rising trend. Overall, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2019, and then reduced sharply in the following year.

In value terms, refined soybean oil exports dropped dramatically to $X in 2020. In general, exports, however, posted a strong increase. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Exports peaked at $X in 2019, and then declined dramatically in the following year.

Exports by Country

The U.S. (X tonnes) was the main destination for refined 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. amounted to +X%.

In value terms, the U.S. ($X) also remains the key foreign market for refined 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

The average refined soybean oil export price stood at $X per tonne in 2020, with an increase of X% against the previous year. In general, the export price, however, saw a slight shrinkage. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2012 to 2020, the growth in terms of the average export prices failed to regain the momentum.

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.

Refined Soybean Oil Imports

Imports into Canada

In 2020, the amount of refined soybean oil and its fractions imported into Canada soared to X tonnes, with an increase of X% compared with the previous year's figure. Over the period under review, imports, however, saw a perceptible slump. Over the period under review, imports reached the peak figure at X tonnes in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, refined soybean oil imports soared to $X in 2020. In general, imports, however, showed a mild descent. Over the period under review, imports hit record highs at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the U.S. (X tonnes) was the main supplier of refined soybean oil to Canada, accounting for a X% share of total imports. Moreover, refined soybean oil imports from the U.S. exceeded the figures recorded by the second-largest supplier, India (X tonnes), more than tenfold.

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

From 2007 to 2020, the average annual growth rate of value from the U.S. totaled -X%.

Import Prices by Country

The average refined soybean oil import price stood at $X per tonne in 2020, remaining constant against the previous year. In general, import price indicated a noticeable expansion 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, refined soybean oil import price decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. The import price peaked at $X per tonne in 2011; however, from 2012 to 2020, import prices stood at a somewhat 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. amounted to $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 AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined soybean oil and its fractions in the world?
+
The countries with the highest volumes of refined soybean oil consumption in 2020 were China (1.7M tonnes), the U.S. (835K tonnes) and India (764K tonnes), together comprising 32% of global consumption. Japan, Russia, Brazil, Italy, Pakistan, Indonesia, the UK, Bangladesh, Nigeria and Germany lagged somewhat behind, together accounting for a further 25%.
What are the largest producers of refined soybean oil and its fractions in the world?
+
The countries with the highest volumes of refined soybean oil production in 2020 were China (1.7M tonnes), the U.S. (895K tonnes) and India (601K tonnes), with a combined 32% share of global production. These countries were followed by Brazil, Japan, Russia, the Netherlands, Pakistan, Bangladesh, Nigeria, Italy, Indonesia and the UK, which together accounted for a further 26%.
What are the leading suppliers of refined soybean oil and its fractions to Canada?
+
In value terms, the U.S. ($42M) constituted the largest supplier of refined soybean oil to Canada, comprising 89% of total imports. The second position in the ranking was occupied by India ($4.1M), with a 8.8% share of total imports.
What are the leading importers of refined soybean oil and its fractions from Canada?
+
In value terms, the U.S. ($85M) remains the key foreign market for refined soybean oil exports from Canada.
What is the average export price for refined soybean oil and its fractions in Canada?
+
The average refined soybean oil export price stood at $807 per tonne in 2020, with an increase of 5.6% against the previous year.
What is the average import price for refined soybean oil and its fractions in Canada?
+
In 2020, the average refined soybean oil import price amounted to $1,060 per tonne, almost unchanged from the previous year.

Product coverage:
• Prodcom 10415100 - Refined soya-bean oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined 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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