Canada - Sunflower Oilcake - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Canada - Sunflower Oilcake - Market Analysis, Forecast, Size, Trends And Insights

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Sunflower Oilcake Price in Canada - 2023

Contents:

  1. Sunflower Oilcake Price in Canada (CIF) - 2023
  2. Sunflower Oilcake Price in Canada (FOB) - 2022
  3. Sunflower Oilcake Imports in Canada
  4. Sunflower Oilcake Exports in Canada

Sunflower Oilcake Price in Canada (CIF) - 2023

The average sunflower oilcake import price stood at $243 per ton in June 2023, rising by 23% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $262 per ton in August 2022; however, from September 2022 to June 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +0.6% per month.

Sunflower Oilcake Price in Canada (FOB) - 2022

In 2022, the average sunflower oilcake export price amounted to $434 per ton, falling by -10.3% against the previous year. In general, the export price, however, saw a pronounced expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 79%. Over the period under review, the average export prices attained the peak figure at $483 per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($2,019 per ton), while the average price for exports to Cuba ($79 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 (-3.5%), while the prices for the other major destinations experienced a decline.

Sunflower Oilcake Imports in Canada

In 2022, supplies from abroad of sunflower oilcake decreased by -25.7% to 20K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 22%.

In value terms, sunflower oilcake imports declined to $4.1M in 2022. In general, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 47% against the previous year.

Import of Sunflower Oilcake in Canada (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States2.13.14.54.024.0%
United Kingdom0.10.10.10.10.0%
Others0.10.1N/AN/A0.0%
Total2.33.34.74.121.3%

Top Suppliers of Sunflower Oilcake to Canada in 2022:

  1. United States (19.5K tons)
  2. United Kingdom (0.4K tons)

Sunflower Oilcake Exports in Canada

In 2022, approx. 493 tons of sunflower oilcake were exported from Canada; increasing by 76% on 2021 figures. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 450%. As a result, the exports attained the peak of 809 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, sunflower oilcake exports skyrocketed to $214K in 2022. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 601%. As a result, the exports attained the peak of $292K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Sunflower Oilcake in Canada (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Chile9.520193.6148149.8%
United States16.868.234.354.247.8%
Cuba7.022.77.811.417.7%
Indonesia8.3N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total41.729213621472.5%

Top Export Markets for Sunflower Oilcake from Canada in 2022:

  1. United States (275.7 tons)
  2. Cuba (144.0 tons)
  3. Chile (73.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sunflower oilcake 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:

  • Prodcom 10414150 - Oilcake and other solid residues resulting from the extraction of sunflower seed fats or oils

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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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