Canada: Refined Rapeseed Oil Market 2025

Refined Rapeseed Oil Market Size in Canada

In 2022, the Canadian refined rapeseed oil market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a mild slump. Refined rapeseed oil consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Refined Rapeseed Oil Production in Canada

In value terms, refined rapeseed oil production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2016 when the production volume increased by 11% against the previous year. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Refined Rapeseed Oil Exports

Exports from Canada

After three years of growth, overseas shipments of refined rape, colza or mustard oil decreased by -5% to X tons in 2022. Overall, total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by 23% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped modestly in the following year.

In value terms, refined rapeseed oil exports skyrocketed to $X in 2022. In general, exports, however, posted resilient growth. The growth pace was the most rapid in 2021 when exports increased by 65%. Over the period under review, the exports reached the maximum 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 refined rapeseed oil exports from Canada, accounting for a 91% share of total exports. Moreover, refined rapeseed oil exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+57.0% per year) and China (-31.8% per year).

In value terms, the United States ($X) remains the key foreign market for refined rape, colza or mustard oil exports from Canada, comprising 91% of total exports. The second position in the ranking was held by Mexico ($X), with a 7.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+62.5% per year) and China (-30.1% per year).

Export Prices by Country

The average refined rapeseed oil export price stood at $X per ton in 2022, picking up by 33% against the previous year. In general, the export price showed a noticeable increase. The growth pace was the most rapid in 2021 an increase of 63% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($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 (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Rapeseed Oil Imports

Imports into Canada

In 2022, approx. X tons of refined rape, colza or mustard oil were imported into Canada; growing by 6.7% compared with the previous year's figure. Overall, imports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 7.9% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, refined rapeseed oil imports surged to $X in 2022. In general, imports, however, saw a noticeable decrease. The growth pace was the most rapid in 2021 when imports increased by 34%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of refined rapeseed oil to Canada, accounting for a 86% share of total imports. Moreover, refined rapeseed oil imports from the United States exceeded the figures recorded by the second-largest supplier, Australia (X tons), more than tenfold. The third position in this ranking was held by India (X tons), with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+174.9% per year) and India (+18.6% per year).

In value terms, the United States ($X) constituted the largest supplier of refined rape, colza or mustard oil to Canada, comprising 84% of total imports. The second position in the ranking was taken by Australia ($X), with a 5% share of total imports. It was followed by Spain, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+175.9% per year) and Spain (+26.1% per year).

Import Prices by Country

In 2022, the average refined rapeseed oil import price amounted to $X per ton, increasing by 25% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined rapeseed oil import price increased by +56.1% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($X per ton) and India ($X per ton), while the price for the United States ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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