Canada - Oil Crops - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCanada's Exports of Oil Crops Surpass $949M in October 2023
Canada Oil Crops Exports
In October 2023, shipments abroad of oil crops (primary) was finally on the rise to reach 1.7M tons after two months of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern.
In value terms, oil crops exports skyrocketed to $949M (IndexBox estimates) in October 2023. Over the period under review, exports, however, recorded a mild setback.
| COUNTRY | Export Value of Oil Crops in Canada (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
| China | 520 | 718 | 384 | 448 | 433 | 394 | 350 | 238 | 81.7 | 233 | 153 | 36.9 | 581 |
| Japan | 153 | 107 | 135 | 105 | 71.4 | 150 | 65.9 | 69.4 | 88.1 | 27.6 | 106 | 64.0 | 68.3 |
| Mexico | 79.8 | 148 | 129 | 56.2 | 59.1 | 86.0 | 28.7 | 54.2 | 24.2 | 109 | 22.2 | 52.9 | 49.2 |
| Others | 422 | 575 | 432 | 270 | 142 | 146 | 121 | 148 | 95.8 | 96.2 | 92.3 | 109 | 250 |
| Total | 1,175 | 1,548 | 1,081 | 879 | 705 | 776 | 565 | 510 | 290 | 466 | 373 | 263 | 949 |
Exports by Country
China (1.1M tons) was the main destination for oil crops exports from Canada, accounting for a 63% share of total exports. Moreover, oil crops exports to China exceeded the volume sent to the second major destination, Japan (105K tons), tenfold.
From October 2022 to October 2023, the average monthly growth rate of volume to China stood at +2.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (-5.9% per month) and Mexico (-2.7% per month).
In value terms, China ($581M) emerged as the key foreign market for oil crops exports from Canada, comprising 61% of total exports. The second position in the ranking was taken by Japan ($68M), with a 7.2% share of total exports.
From October 2022 to October 2023, the average monthly rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (-6.5% per month) and Mexico (-4.0% per month).
Exports by Type
Rape or colza seed (895K tons), soya beans (747K tons) and linseed (9.3K tons) were the main products of oil crops exports from Canada, with a combined 99% share of total exports. These products were followed by mustard seed, sunflower seed, oilcrops, nes, cottonseed, sesame seed, ground-nut (in-shell) and coconuts, which together accounted for a further 0.7%.
From October 2022 to October 2023, the biggest increases were in groundnuts (with a CAGR of +13.2%), while shipments for the other products experienced more modest paces of growth.
In value terms, rape or colza seed ($512M), soya beans ($407M) and mustard seed ($15M) constituted the most exported types of oil crops (primary) from Canada worldwide, with a combined 98% share of total exports. Linseed, oilcrops, nes, sunflower seed, sesame seed, cottonseed, ground-nut (in-shell) and coconuts lagged somewhat behind, together accounting for a further 1.6%.
Sesame seed, with a CAGR of +3.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main product categories over the period under review, while shipments for the other products experienced more modest paces of growth.
Export Prices by Country
In October 2023, the oil crops price amounted to $571 per ton (FOB, Canada), with a decrease of -21% against the previous month. In general, the export price recorded a slight curtailment. The pace of growth appeared the most rapid in February 2023 an increase of 6.9% month-to-month. The export price peaked at $723 per ton in September 2023, and then contracted remarkably in the following month.
Average prices varied somewhat for the major external markets. In October 2023, the highest price was recorded for prices to Japan ($648 per ton) and Mexico ($619 per ton), while the average price for exports to Spain ($481 per ton) and Italy ($501 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (-0.4%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the oil crops 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 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 - Cottonseed
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 THE 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 EditionPRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
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4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
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7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
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8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
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9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012-2024
- Imports, In Value Terms, By Country, 2012-2024
- Import Prices, By Country, 2012-2024
- Exports, In Physical Terms, By Country, 2012-2024
- Exports, In Value Terms, By Country, 2012-2024
- Exports Prices, By Country, 2012-2024
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LIST OF FIGURES
- Market Volume, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply Vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply Vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, by Product
- Average Per Capita Consumption, by Product
- Exports and Growth, by Product
- Export Prices and Growth, by Product
- Production Volume and Growth
- Yield 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: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Harvested Area: Historical Data (2012–2024) and Forecast (2025–2035)
- Yield: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Physical Terms, by Country, 2024
- Imports, in Physical Terms, by Country, 2012-2024
- Imports, in Value Terms, by Country, 2012-2024
- Import Prices, by Country, 2012-2024
- Exports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, in Physical Terms, by Country, 2024
- Exports, in Physical Terms, by Country, 2012-2024
- Exports, in Value Terms, by Country, 2012-2024
- Export Prices, by Country, 2012-2024
