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Northern America - Oil Crops - Market Analysis, Forecast, Size, Trends and Insights
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Northern America: Oil Crops Market Overview 2021

Oil Crops Market Size in Northern America

In 2020, the North American oil crops market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Oil Crops Production in Northern America

In value terms, oil crops production amounted to $X in 2020 estimated in export prices. The total production indicated a noticeable expansion 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 2017 indices. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. The level of production peaked at $X in 2014; however, from 2015 to 2020, production stood at a somewhat lower figure.

The U.S. (X tonnes) constituted the country with the largest volume of oil crops production, comprising approx. X% of total volume. Moreover, oil crops production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X tonnes), fourfold.

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

The average oil crops yield reached X tonnes per ha in 2020, almost unchanged from the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the yield increased by X% year-to-year. Over the period under review, the oil crops yield reached the maximum level at X tonnes per ha in 2016; however, from 2017 to 2020, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of oil crops (primary) were harvested in Northern America; surging by X% against 2019. The harvested area increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to oil crops production reached the maximum at X ha in 2017; however, from 2018 to 2020, the harvested area failed to regain the momentum.

Production By Country in Northern America

The U.S. (X tonnes) constituted the country with the largest volume of oil crops production, accounting for X% of total volume. Moreover, oil crops production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X tonnes), fourfold.

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

Oil Crops Exports

Exports in Northern America

In 2020, shipments abroad of oil crops (primary) increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Total exports indicated buoyant growth from 2007 to 2020: its volume 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, exports increased by +X% against 2018 indices. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, oil crops exports surged to $X in 2020. Total exports indicated a strong increase from 2007 to 2020: its value 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, exports increased by +X% against 2018 indices. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, exports hit record highs in 2020 and are likely to continue growth in years to come.

Exports by Country

In 2020, the U.S. (X tonnes) represented the largest exporter of oil crops (primary), committing X% of total exports. It was distantly followed by Canada (X tonnes), generating a X% share of total exports.

The U.S. was also the fastest-growing in terms of the oil crops (primary) exports, with a CAGR of +X% from 2007 to 2020. At the same time, Canada (+X%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest oil crops supplier in Northern America, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

In the U.S., oil crops exports expanded at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

The oil crops export price in Northern America stood at $X per tonne in 2020, surging by X% against the previous year. Export price indicated a mild expansion from 2007 to 2020: its price 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 growth pace was the most rapid in 2008 when the export price increased by X% y-o-y. The level of export peaked at $X per tonne in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2020, the country with the highest price was Canada ($X per tonne), while 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..

Oil Crops Imports

Imports in Northern America

For the third consecutive year, Northern America recorded decline in overseas purchases of oil crops (primary), which decreased by -X% to X tonnes in 2020. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

In value terms, oil crops imports dropped modestly to $X in 2020. Total imports indicated pronounced growth 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, imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

The U.S. represented the major importing country with an import of about X tonnes, which finished at X% of total imports. It was distantly followed by Canada (X tonnes), committing a X% share of total imports.

The U.S. experienced a relatively flat trend pattern with regard to volume of imports of oil crops (primary). At the same time, Canada (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +X% from 2007-2020. Canada (+X p.p.) significantly strengthened its position in terms of the total imports, while the U.S. saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, the U.S. ($X) constitutes the largest market for imported oil crops (primary) in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

In the U.S., oil crops imports expanded at an average annual rate of +X% over the period from 2007-2020.

Import Prices by Country

The oil crops import price in Northern America stood at $X per tonne in 2020, growing by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011 when the import price increased by X% y-o-y. The level of import peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2020, the country with the highest price was the U.S. ($X per tonne), while Canada amounted to $X per tonne.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for oil crops (primary) in Northern America?
+
The country with the largest volume of oil crops consumption was the U.S. (45M tonnes), comprising approx. 81% of total volume. Moreover, oil crops consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Canada (11M tonnes), fourfold.
What are the largest producers of oil crops (primary) in Northern America?
+
The U.S. (109M tonnes) constituted the country with the largest volume of oil crops production, accounting for 80% of total volume. Moreover, oil crops production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (27M tonnes), fourfold.
What are the leading suppliers of oil crops (primary) in Northern America?
+
In value terms, the U.S. ($26.6B) remains the largest oil crops supplier in Northern America, comprising 79% of total exports. The second position in the ranking was occupied by Canada ($7B), with a 21% share of total exports.
What are the leading importers of oil crops (primary) in Northern America?
+
In value terms, the U.S. ($967M) constitutes the largest market for imported oil crops (primary) in Northern America, comprising 74% of total imports. The second position in the ranking was occupied by Canada ($345M), with a 26% share of total imports.
What is the average export price for oil crops (primary) in Northern America?
+
In 2020, the oil crops export price in Northern America amounted to $408 per tonne, picking up by 8.4% against the previous year.
What is the average import price for oil crops (primary) in Northern America?
+
In 2020, the oil crops import price in Northern America amounted to $677 per tonne, rising by 7.4% against the previous year.

Product coverage:
• FCL 249 - Coconuts
• FCL 236 - Soybeans
• FCL 242 - Groundnuts, in shell
• FCL 333 - Linseed
• FCL 270 - Rapeseed or colza seed
• FCL 267 - Sunflower seed
• FCL 289 - Sesame seed
• FCL 292 - Mustard seed
• FCL 296 - Poppy seed
• FCL 265 - Castor Beans
• FCL 336 -
• FCL 277 -
• FCL 310 -
• FCL 263 -
• FCL 299 - Melonseed
• FCL 254 -
• FCL 339 -
• FCL 280 -
• FCL 305 -
• FCL 275 -
• FCL 311 -
• FCL 312 -
• FCL 329 -

This report provides an in-depth analysis of the oil crops market in Northern America. 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:
• Bermuda
• Greenland
• Saint Pierre and Miquelon

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Northern America, split by region and country
• Trade (exports and imports) in Northern America
• 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

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
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
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
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
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

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

The Largest Exporters on The Market and How They Succeed

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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Bermuda
• Canada
• Greenland
• Saint Pierre and Miquelon
• USA
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, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Harvested Area, By Country, 2007–2020
Table 7:
Yield, By Country, 2007–2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Harvested Area, By Country, 2020
Figure 24:
Harvested Area, By Country, 2007–2020
Figure 25:
Yield, By Country, 2007–2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020
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