Canada - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingCanada's September 2023 Palm Oil Imports Decline Slightly to $14M
Canada Palm Oil Imports
In September 2023, the amount of palm oil imported into Canada contracted to 9.7K tons, which is down by -7.6% against the previous month's figure. In general, imports saw a slight contraction. The growth pace was the most rapid in July 2023 when imports increased by 33% against the previous month.
In value terms, palm oil imports contracted to $14M (IndexBox estimates) in September 2023. Overall, imports continue to indicate a perceptible downturn. The growth pace was the most rapid in November 2022 when imports increased by 21% m-o-m.
| COUNTRY | Import Value of Palm Oil in Canada (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | |
| Malaysia | 12.9 | 7.7 | 10.2 | 11.2 | 9.6 | 10.1 | 8.1 | 8.9 | 10.9 | 8.1 | 10.0 | 9.4 | 8.8 |
| Indonesia | 4.1 | 4.0 | 3.4 | 4.2 | 2.4 | 2.5 | 1.7 | 2.8 | 2.5 | 2.4 | 3.6 | 3.1 | 3.4 |
| Colombia | 0.8 | 0.7 | 1.7 | 1.5 | 0.3 | 0.3 | 0.5 | 0.3 | 1.1 | 1.1 | 0.8 | 1.2 | 1.0 |
| United States | 1.0 | 1.0 | 1.0 | 0.6 | 0.4 | 0.8 | 0.7 | 1.1 | 0.6 | 0.8 | 0.7 | 1.0 | 0.8 |
| Others | 0.4 | 0.6 | 0.7 | 0.6 | 1.3 | 0.3 | 0.7 | 0.5 | 0.6 | 0.5 | 0.1 | 0.7 | 0.2 |
| Total | 19.2 | 14.0 | 16.9 | 18.0 | 14.0 | 14.0 | 11.7 | 13.5 | 15.7 | 12.9 | 15.2 | 15.5 | 14.2 |
Imports by Country
Malaysia (5.3K tons), Indonesia (3.2K tons) and Colombia (647 tons) were the main suppliers of palm oil imports to Canada, together comprising 94% of total imports.
From September 2022 to September 2023, the biggest increases were in Colombia (with a CAGR of +6.7%), while purchases for the other leaders experienced mixed trend patterns.
In value terms, Malaysia ($8.8M) constituted the largest supplier of palm oil to Canada, comprising 62% of total imports. The second position in the ranking was taken by Indonesia ($3.4M), with a 24% share of total imports. It was followed by Colombia, with a 6.9% share.
From September 2022 to September 2023, the average monthly rate of growth in terms of value from Malaysia stood at -3.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Indonesia (-1.7% per month) and Colombia (+1.9% per month).
Imports by Type
In September 2023, refined palm oil (9.6K tons) was the main type of palm oil supplied to Canada, with a 99% share of total imports. It was followed by crude palm oil (103 tons), with a 1.1% share of total imports.
From September 2022 to September 2023, the average monthly rate of growth in terms of the volume of import of refined palm oil stood at -1.4%.
In value terms, refined palm oil ($14M) constituted the largest type of palm oil supplied to Canada, comprising 100% of total imports. The second position in the ranking was taken by crude palm oil ($42K), with a 0.3% share of total imports.
Import Prices by Country
In September 2023, the palm oil price amounted to $1,475 per ton (CIF, Canada), approximately equating the previous month. In general, the import price recorded a mild downturn. The pace of growth appeared the most rapid in June 2023 an increase of 5.8% m-o-m. Over the period under review, average import prices reached the maximum at $1,735 per ton in October 2022; however, from November 2022 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($2,282 per ton), while the price for Indonesia ($1,057 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+0.6%), while the prices for the other major suppliers experienced a decline.
This report provides an in-depth analysis of the 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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
