Canada: Chemically Modified Oils Market 2025

Chemically Modified Oils Market Size in Canada

The Canadian chemically modified oils market shrank markedly to $X in 2022, reducing by -62.5% against the previous year. In general, consumption saw a noticeable descent. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Chemically Modified Oils Production in Canada

In value terms, chemically modified oils production fell to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of 41%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Chemically Modified Oils Exports

Exports from Canada

Chemically modified oils exports from Canada skyrocketed to X tons in 2022, increasing by 64% on 2021. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, chemically modified oils exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for chemically modified oils exports from Canada, with a 84% share of total exports. Moreover, chemically modified oils exports to the United States exceeded the volume sent to the second major destination, Singapore (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +42.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+160.5% per year) and El Salvador (+6.3% per year).

In value terms, the United States ($X) remains the key foreign market for animal or vegetable fats and oils chemically modified exports from Canada, comprising 83% of total exports. The second position in the ranking was held by Singapore ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +51.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+151.2% per year) and El Salvador (+12.1% per year).

Export Prices by Country

In 2022, the average chemically modified oils export price amounted to $X per ton, surging by 43% against the previous year. Overall, the export price continues to indicate a perceptible expansion. The growth pace was the most rapid in 2021 an increase of 48% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to the United States ($X 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 (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Chemically Modified Oils Imports

Imports into Canada

In 2022, the amount of animal or vegetable fats and oils chemically modified imported into Canada surged to X tons, rising by 34% on the year before. Over the period under review, imports, however, continue to indicate a pronounced decrease. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, chemically modified oils imports soared to $X in 2022. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) was the main chemically modified oils supplier to Canada, with a approx. 97% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -3.6%.

In value terms, the United States ($X) constituted the largest supplier of animal or vegetable fats and oils chemically modified to Canada.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States was relatively modest.

Import Prices by Country

The average chemically modified oils import price stood at $X per ton in 2022, surging by 15% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 15% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +4.1% per year.

Source: IndexBox Platform

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