Canada - Crude Rape, Colza Or Mustard Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Rapeseed Oil Price in Canada - 2023
Contents:
- Crude Rapeseed Oil Price in Canada (FOB) - 2023
- Crude Rapeseed Oil Price in Canada (CIF) - 2023
- Crude Rapeseed Oil Exports in Canada
- Crude Rapeseed Oil Imports in Canada
Crude Rapeseed Oil Price in Canada (FOB) - 2023
In June 2023, the average crude rapeseed oil export price amounted to $1,368 per ton, leveling off at the previous month. Overall, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in March 2023 an increase of 16% against the previous month. The export price peaked at $1,910 per ton in July 2022; however, from August 2022 to June 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In June 2023, the country with the highest price was Mexico ($1,580 per ton), while the average price for exports to the United States totaled $1,367 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-1.8%), while the prices for the other major destinations experienced a decline.
Crude Rapeseed Oil Price in Canada (CIF) - 2023
In June 2023, the average crude rapeseed oil import price amounted to $1,196 per ton, surging by 67% against the previous month. Over the period under review, import price indicated modest growth from June 2022 to June 2023: its price increased at an average monthly rate of +1.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, crude rapeseed oil import price increased by +67.0% against May 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($1,202 per ton), while the price for India totaled $991 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.3%).
Crude Rapeseed Oil Exports in Canada
In 2022, overseas shipments of crude rape, colza or mustard oil decreased by -29.5% to 976K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a deep setback. The growth pace was the most rapid in 2020 when exports increased by 8.2% against the previous year. As a result, the exports reached the peak of 1.7M tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, crude rapeseed oil exports reduced slightly to $1.6B in 2022. The total export value increased at an average annual rate of +11.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 29% against the previous year. As a result, the exports attained the peak of $1.6B, and then fell modestly in the following year.
Export of Crude Rapeseed Oil in Canada (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 231 | 183 | 548 | 916 | 58.3% |
China | 624 | 808 | 755 | 283 | -23.2% |
South Korea | 107 | 88.4 | 159 | 147 | 11.2% |
Chile | 87.8 | 91.6 | 106 | 74.9 | -5.2% |
Mexico | 0.3 | N/A | 3.8 | 74.7 | 529.1% |
Japan | 18.2 | 23.9 | 7.0 | 25.7 | 12.2% |
Others | 59.5 | 51.4 | 26.1 | 33.4 | -17.5% |
Total | 1,128 | 1,246 | 1,606 | 1,554 | 11.3% |
Top Export Markets for Crude Rapeseed Oil from Canada in 2022:
- United States (550.1K tons)
- China (185.1K tons)
- South Korea (97.9K tons)
- Chile (53.5K tons)
- Mexico (50.1K tons)
- Japan (16.2K tons)
Crude Rapeseed Oil Imports in Canada
In 2022, the amount of crude rape, colza or mustard oil imported into Canada surged to 6.8K tons, picking up by 96% on 2021 figures. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 112%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, crude rapeseed oil imports skyrocketed to $5.3M in 2022. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 104% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.
Import of Crude Rapeseed Oil in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1.6 | 3.4 | 2.4 | 4.0 | 35.7% |
India | 0.1 | 0.1 | 0.3 | 1.1 | 122.4% |
United Kingdom | N/A | N/A | 0.1 | 0.1 | 0.0% |
Others | N/A | N/A | N/A | 0.1 | 0% |
Total | 1.7 | 3.5 | 2.7 | 5.3 | 46.1% |
Top Suppliers of Crude Rapeseed Oil to Canada in 2022:
- United States (5.4K tons)
- India (1.2K tons)
- United Kingdom (0.1K tons)
This report provides an in-depth analysis of the crude rapeseed 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 271 - Oil of Rapeseed or Canola oil
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
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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
This report provides an in-depth analysis of the crude rapeseed oil market in Canada.
This report provides an in-depth analysis of the rapeseed oil market in Canada.
This report provides an in-depth analysis of the refined rapeseed oil market in Canada.
This report provides an in-depth analysis of the global crude rapeseed oil market.
This report provides an in-depth analysis of the global rapeseed oil market.
This report provides an in-depth analysis of the global refined rapeseed oil market.
This report provides an in-depth analysis of the crude rapeseed oil market in Canada.
This report provides an in-depth analysis of the rapeseed oil market in Canada.
This report provides an in-depth analysis of the refined rapeseed oil market in Canada.
This report provides an in-depth analysis of the global crude rapeseed oil market.
During the period analyzed, Crude Rapeseed Oil exports peaked at 1.7M tons in 2018, but slightly decreased from 2019 to 2023. In terms of value, exports of Crude Rapeseed Oil significantly increased to $1.7B in 2023.
In September 2022, the crude rapeseed oil price stood at $2,236 per ton (FOB, Canada), with an increase of 36% against the previous month.
The Rapeseed Oil exports reached a peak of 3.4M tons in 2020; however, they remained at a lower figure from 2021 to 2023. In terms of value, Rapeseed Oil exports notably increased to $5.3B in 2023.
The export value of Rapeseed Oil dropped sharply to $316M in June 2023.
Refined Rapeseed Oil exports reached their peak in December 2023, with a total value of $304M.
Discover the top import markets for rapeseed oil based on key statistics and data from the IndexBox market intelligence platform.
Global rapeseed oil consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
Global rapeseed oil exports amounted to X thousand tons in 2015, remaining constant against the previous year level.
Global rapeseed oil imports amounted to X thousand tons in 2015, leveling off at the previous year level.
In 2015, the countries with the highest levels of production were China (X thousand tons), Germany (X thousand tons), Canada (X thousand tons), together accounting for X% of total output.