Canada - Crude Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Palm Oil Price in Canada - 2023
Contents:
- Crude Palm Oil Price in Canada (CIF) - 2022
- Crude Palm Oil Price in Canada (FOB) - 2022
- Crude Palm Oil Imports in Canada
- Crude Palm Oil Exports in Canada
Crude Palm Oil Price in Canada (CIF) - 2022
The average crude palm oil import price stood at $421 per ton in 2022, dropping by -3.2% against the previous year. Overall, the import price recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 an increase of 6.5% against the previous year. Over the period under review, average import prices reached the maximum at $550 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 ($428 per ton) and Ghana ($423 per ton), while the price for Ecuador ($362 per ton) and Cote d'Ivoire ($412 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+0.6%), while the prices for the other major suppliers experienced a decline.
Crude Palm Oil Price in Canada (FOB) - 2022
The average crude palm oil export price stood at $192 per ton in 2022, dropping by -3.5% against the previous year. In general, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 392% against the previous year. As a result, the export price reached the peak level of $3,008 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Togo ($192 per ton), while the average price for exports to Barbados ($192 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 (+12.9%).
Crude Palm Oil Imports in Canada
In 2022, crude palm oil imports into Canada surged to 525 tons, picking up by 31% on the year before. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +11.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 64%. As a result, imports reached the peak of 623 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, crude palm oil imports skyrocketed to $221K in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.2% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 61% against the previous year. As a result, imports reached the peak of $255K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Crude Palm Oil in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 79.7 | 166 | 89.4 | 118 | 14.0% |
| Nigeria | 14.4 | 25.3 | 16.4 | 30.2 | 28.0% |
| Guinea | 4.5 | 18.8 | 2.2 | 18.1 | 59.0% |
| Togo | 16.2 | 7.4 | 6.5 | 17.3 | 2.2% |
| United States | 18.2 | 10.4 | 14.3 | 11.2 | -14.9% |
| Cameroon | 6.1 | N/A | 18.5 | 6.6 | 2.7% |
| Ecuador | 8.7 | 14.6 | 3.1 | 6.3 | -10.2% |
| Cote d'Ivoire | 0.6 | 2.7 | 12.6 | 4.2 | 91.3% |
| Others | 9.3 | 9.0 | 11.1 | 9.3 | 0.0% |
| Total | 158 | 255 | 174 | 221 | 11.8% |
Top Suppliers of Crude Palm Oil to Canada in 2022:
- Ghana (278.7 tons)
- Nigeria (70.7 tons)
- Guinea (42.7 tons)
- Togo (40.8 tons)
- United States (26.6 tons)
- Ecuador (17.3 tons)
- Cameroon (15.7 tons)
- Cote d'Ivoire (10.2 tons)
Crude Palm Oil Exports in Canada
In 2022, shipments abroad of crude palm oil increased by 1,361% to 28 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, crude palm oil exports soared to $5.4K in 2022. Overall, exports, however, recorded a deep contraction.
| Export of Crude Palm Oil in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Togo | N/A | N/A | N/A | 2.8 | 0% |
| Guinea | N/A | N/A | N/A | 1.9 | 0% |
| Barbados | 0.9 | 0.8 | 0.4 | 0.7 | -8.0% |
| United States | 5.9 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.8 | 0.8 | 0.4 | 5.4 | -7.4% |
Top Export Markets for Crude Palm Oil from Canada in 2022:
- Togo (14.5 tons)
- Guinea (9.9 tons)
- Barbados (3.6 tons)
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
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In July 2023, the import growth of Palm Oil surged by 33% compared to the previous month, showcasing rapid expansion. However, in September 2023, the value of Palm Oil imports declined to $14M.
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The global palm oil market revenue amounted to $48B in 2017, surging by 10% against the previous year. This figure reflect...
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The global palm oil market increased from X tons in 2007 to X tons in 2016, expanding with an annual average growth rate of +X% per year over that period.
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