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Canada - Crude Rape, Colza Or Mustard Oil - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Canada - Crude Rape, Colza Or Mustard Oil - Market Analysis, Forecast, Size, Trends And Insights

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Jan 26, 2023

Crude Rapeseed Oil Price in Canada Surges 36% to New Record of $2,236 per Ton

Canada Crude Rapeseed Oil Export Price in September 2022

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. In general, export price indicated strong growth from January 2022 to September 2022: its price increased at an average monthly rate of +5.7% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, crude rapeseed oil export price increased by +35.6% against August 2022 indices. The pace of growth was the most pronounced in June 2022 an increase of 39% against the previous month. The export price peaked in September 2022.

Average prices varied noticeably for the major foreign markets. In September 2022, the highest price was recorded for prices to Mexico ($2,392 per ton) and China ($2,286 per ton), while the average price for exports to South Korea ($2,184 per ton) and the United States ($2,243 per ton) were amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Canada Crude Rapeseed Oil Exports

In September 2022, overseas shipments of crude rape, colza or mustard oil decreased by -48.1% to 40K tons for the first time since June 2022, thus ending a two-month rising trend. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 when exports increased by 96% month-to-month. The exports peaked at 121K tons in May 2022; however, from June 2022 to September 2022, the exports stood at a somewhat lower figure.

In value terms, crude rapeseed oil exports fell dramatically to $90M (IndexBox estimates) in September 2022. In general, total exports indicated a buoyant expansion from January 2022 to September 2022: its value increased at an average monthly rate of +5.2% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, exports decreased by -29.6% against August 2022 indices. The most prominent rate of growth was recorded in February 2022 when exports increased by 98% m-o-m. The exports peaked at 155K tons in May 2022; however, from June 2022 to September 2022, the exports failed to regain momentum.

Canada Crude Rapeseed Oil Exports by Country

the United States (32K tons) was the main destination for crude rapeseed oil exports from Canada, accounting for a 80% share of total exports. Moreover, crude rapeseed oil exports to the United States exceeded the volume sent to the second major destination, South Korea (6K tons), fivefold. The third position in this ranking was taken by China (2K tons), with a 5% share.

From January 2022 to September 2022, the average monthly rate of growth in terms of volume to the United States stood at +10.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: South Korea (+12.7% per month) and China (-8.3% per month).

In value terms, the United States ($72M) remains the key foreign market for crude rapeseed oil exports from Canada, comprising 80% of total exports. The second position in the ranking was held by South Korea ($13M), with a 15% share of total exports. It was followed by China, with a 5.1% share.

From January 2022 to September 2022, the average monthly growth rate of value to the United States stood at +16.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: South Korea (+23.3% per month) and China (-2.9% per month).

Factors Affecting Crude Rapeseed Oil Prices

The price of crude rapeseed oil in Canada has been on the rise in recent years, due to a variety of factors. One major factor is the increasing demand for biodiesel fuel. Biodiesel is a renewable, clean-burning fuel made from vegetable oils, like rapeseed oil. As more countries adopt stricter environmental regulations, the demand for biodiesel is expected to continue to grow.

Another factor that has contributed to rising crude rapeseed oil prices is the increasing cost of production. Rapeseed oil is a commodity crop, meaning that prices are largely determined by global supply and demand dynamics. When demand exceeds supply, prices tend to increase. Additionally, bad weather can lead to product shortages and price hikes. For example, droughts in key producing regions can damage crops and reduce yields.

Source: IndexBox Market Intelligence Platform

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:

  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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