Report Update: Jan 1, 2025

U.S. - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights

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Rapeseed Oil Prices in the United States

U.S. Rapeseed Oil Import Price per Ton in August 2022

In August 2022, the rapeseed oil price per ton amounted to $1.9K (CIF, US), declining by -5.8% against the previous month. Over the last seven months, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in April 2022 an increase of 6% against the previous month. Over the period under review, average import prices hit record highs at $2.0K per ton in July 2022, and then contracted in the following month.

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

From January 2022 to August 2022, the rate of growth in terms of prices for Canada amounted to +1.8% per month.

U.S. Rapeseed Oil Import Prices by Type

Average prices varied somewhat amongst the major supplied products. In August 2022, the highest price was recorded for prices from vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude ($2.3K per ton) and vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified ($2.0K per ton), while the price for vegetable oils; low erucic acid rape or colza oil and its fractions, crude ($1.7K per ton) and vegetable oils; excluding low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified ($1.7K per ton) were amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by vegetable oils; low erucic acid rape or colza oil and its fractions, crude (+2.8%), while the prices for the other products experienced more modest paces of growth.

U.S. Rapeseed Oil Imports

In August 2022, purchases abroad of rapeseed oil increased by 9.2% to 182K tons, rising for the third month in a row after two months of decline. The total import volume increased at an average monthly rate of +3.6% from January 2022 to August 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in March 2022 with an increase of 22% month-to-month. Over the period under review, imports attained the maximum in August 2022.

In value terms, rapeseed oil imports amounted to $351M (IndexBox estimates) in August 2022. The total import value increased at an average monthly rate of +5.5% over the period from January 2022 to August 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in March 2022 with an increase of 26% month-to-month. Imports peaked in August 2022.

U.S. Rapeseed Oil Imports by Type

In August 2022, vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified (123K tons) constituted the largest type of rapeseed oil supplied to the United States, with a 67% share of total imports. Moreover, vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified exceeded the figures recorded for the second-largest type, vegetable oils; low erucic acid rape or colza oil and its fractions, crude (56K tons), twofold. Vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude (2.8K tons) ranked third in terms of total imports with a 1.5% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of the volume of import of vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified was relatively modest. With regard to the other supplied products, the following average monthly rates of growth were recorded: vegetable oils; low erucic acid rape or colza oil and its fractions, crude (+22.8% per month) and vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude (+7.7% per month).

In value terms, vegetable oils; low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified ($251M) constituted the largest type of rapeseed oil supplied to the United States, comprising 71% of total imports. The second position in the ranking was held by vegetable oils; low erucic acid rape or colza oil and its fractions, crude ($93M), with a 26% share of total imports. It was followed by vegetable oils; excluding low erucic acid rape or colza oil and its fractions, crude, with a 1.8% share.

U.S. Rapeseed Oil Imports by Country

In August 2022, Canada (177K tons) was the main supplier of rapeseed oil to the United States, with a approximately 97% share of total imports.

From January 2022 to August 2022, the average monthly rate of growth in terms of volume from Canada amounted to +3.5%.

In value terms, Canada ($341M) constituted the largest supplier of rapeseed oil to the United States.

From January 2022 to August 2022, the average monthly growth rate of value from Canada amounted to +5.4%.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the rapeseed oil market in the U.S.. 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:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024