Report Update Nov 1, 2024

Canada - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights

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Canada: Crude Groundnut Oil Market 2024

Crude Groundnut Oil Market Size in Canada

The Canadian crude groundnut oil market surged to $X in 2022, increasing by 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a strong increase. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Crude Groundnut Oil Exports

Exports from Canada

In 2022, overseas shipments of crude groundnut oil increased by 231% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 324%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, crude groundnut oil exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 593% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for crude groundnut oil exports from Canada, accounting for a approx. 100% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +22.8%.

In value terms, the United States ($X) also remains the key foreign market for crude groundnut oil exports from Canada.

From 2013 to 2022, the average annual rate of growth in terms of value to the United States totaled +17.3%.

Export Prices by Country

The average crude groundnut oil export price stood at $X per ton in 2022, increasing by 8.8% against the previous year. Over the period under review, the export price posted a significant increase. The most prominent rate of growth was recorded in 2014 an increase of 215% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

From 2013 to 2022, the rate of growth in terms of prices for the United States amounted to -4.5% per year.

Crude Groundnut Oil Imports

Imports into Canada

For the fourth year in a row, Canada recorded growth in overseas purchases of crude groundnut oil, which increased by 28% to X tons in 2022. Overall, imports showed a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 85%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, crude groundnut oil imports surged to $X in 2022. In general, imports recorded a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of 77%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of crude groundnut oil to Canada, accounting for a 72% share of total imports. Moreover, crude groundnut oil imports from the United States exceeded the figures recorded by the second-largest supplier, Argentina (X tons), sevenfold. India (X tons) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +28.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+2.1% per year) and India (+64.6% per year).

In value terms, the United States ($X) constituted the largest supplier of crude groundnut oil to Canada, comprising 72% of total imports. The second position in the ranking was held by Argentina ($X), with a 10% share of total imports. It was followed by India, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +25.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-0.6% per year) and India (+61.3% per year).

Import Prices by Country

The average crude groundnut oil import price stood at $X per ton in 2022, dropping by -3.7% against the previous year. Over the period under review, the import price saw a pronounced downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by 7% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Argentina ($X per ton) and India ($X per ton), while the price for China ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude groundnut oil in the world?

China remains the largest crude groundnut oil consuming country worldwide, comprising approx. 46% of total volume. Moreover, crude groundnut oil consumption in China exceeded the figures recorded by the second-largest consumer, Nigeria, sixfold. India ranked third in terms of total consumption with a 5.2% share.

What are the largest producers of crude groundnut oil in the world?

The country with the largest volume of crude groundnut oil production was China, comprising approx. 39% of total volume. Moreover, crude groundnut oil production in China exceeded the figures recorded by the second-largest producer, Nigeria, fivefold. India ranked third in terms of total production with a 7% share.

What are the leading suppliers of crude groundnut oil to Canada?

In value terms, the United States constituted the largest supplier of crude groundnut oil to Canada, comprising 61% of total imports. The second position in the ranking was occupied by Argentina, with a 28% share of total imports. It was followed by Hong Kong SAR, with a 5.6% share.

What are the leading importers of crude groundnut oil from Canada?

In value terms, the United States remains the key foreign market for crude groundnut oil exports from Canada.

What is the average export price for crude groundnut oil in Canada?

In 2021, the average crude groundnut oil export price amounted to $14,812 per ton, picking up by 1,284% against the previous year.

What is the average import price for crude groundnut oil in Canada?

The average crude groundnut oil import price stood at $1,005 per ton in 2021, rising by 16% against the previous year.

This report provides an in-depth analysis of the crude groundnut 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 244 - Oil of Groundnuts

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
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 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
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