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Report Northern America - Crude Rape, Colza or Mustard Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Northern America - Crude Rape, Colza or Mustard Oil - Market Analysis, Forecast, Size, Trends and Insights

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Northern America: Crude Rapeseed Oil Market 2024

Crude Rapeseed Oil Market Size in Northern America

In 2022, the North American crude rapeseed oil market increased by 18% to $X, rising for the fourth consecutive year after two years of decline. The market value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Crude Rapeseed Oil Production in Northern America

In value terms, crude rapeseed oil production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight reduction. The growth pace was the most rapid in 2016 with an increase of 20%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Crude Rapeseed Oil Exports

Exports in Northern America

In 2022, the amount of crude rape, colza or mustard oil exported in Northern America reduced remarkably to X tons, which is down by -30.8% on 2021. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 14% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, crude rapeseed oil exports reduced to $X in 2022. Overall, exports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 32% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Canada dominates exports structure, resulting at X tons, which was near 97% of total exports in 2022. The United States (X tons) followed a long way behind the leaders.

Canada was also the fastest-growing in terms of the crude rape, colza or mustard oil exports, with a CAGR of -4.8% from 2012 to 2022. The United States (-18.2%) illustrated a downward trend over the same period. While the share of Canada (+9.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (-9.9 p.p.) displayed negative dynamics.

In value terms, Canada ($X) remains the largest crude rapeseed oil supplier in Northern America, comprising 97% of total exports. The second position in the ranking was held by the United States ($X), with a 2.7% share of total exports.

In Canada, crude rapeseed oil exports plunged by an average annual rate of -2.3% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, rising by 36% against the previous year. Overall, the export price recorded a pronounced expansion. The pace of growth appeared the most rapid in 2021 an increase of 56% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.6%).

Crude Rapeseed Oil Imports

Imports in Northern America

In 2022, supplies from abroad of crude rape, colza or mustard oil increased by 42% to X tons, rising for the second year in a row after four years of decline. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 60% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, crude rapeseed oil imports skyrocketed to $X in 2022. In general, imports saw a notable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 207% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

The United States (X tons) represented roughly 99% of total imports in 2022.

The United States was also the fastest-growing in terms of the crude rape, colza or mustard oil imports, with a CAGR of +3.0% from 2012 to 2022. While the share of the United States (+20 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported crude rape, colza or mustard oil in Northern America.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +5.8%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, increasing by 16% against the previous year. In general, the import price continues to indicate a measured expansion. The growth pace was the most rapid in 2021 an increase of 92% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain 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 +2.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Canada remains the largest crude rapeseed oil consuming country in Northern America, accounting for 72% of total volume. Moreover, crude rapeseed oil consumption in Canada exceeded the figures recorded by the second-largest consumer, the United States, threefold.
The country with the largest volume of crude rapeseed oil production was Canada, accounting for 84% of total volume. Moreover, crude rapeseed oil production in Canada exceeded the figures recorded by the second-largest producer, the United States, fivefold.
In value terms, Canada remains the largest crude rapeseed oil supplier in Northern America, comprising 95% of total exports. The second position in the ranking was occupied by the United States, with a 5.1% share of total exports.
In value terms, the United States constitutes the largest market for imported crude rape, colza or mustard oil in Northern America.
The export price in Northern America stood at $1,157 per ton in 2021, with an increase of 56% against the previous year.
The import price in Northern America stood at $1,356 per ton in 2021, rising by 81% against the previous year.

This report provides an in-depth analysis of the crude rapeseed oil market in Northern America. 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:

  • Bermuda
  • Canada
  • Greenland
  • Saint Pierre and Miquelon
  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Northern America, split by region and country
  • Trade (exports and imports) in Northern America
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Bermuda
    • Canada
    • Greenland
    • Saint Pierre and Miquelon
    • United States

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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