Report Update Jan 1, 2025

Northern America - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights

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Northern America: Rapeseed Oil Market 2025

Rapeseed Oil Market Size in Northern America

For the fourth consecutive year, the North American rapeseed oil market recorded growth in sales value, which increased by 34% to $X in 2022. Overall, consumption recorded a strong increase. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Rapeseed Oil Production in Northern America

In value terms, rapeseed oil production rose slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 16% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Rapeseed Oil Exports

Exports in Northern America

In 2022, approx. X tons of rapeseed oil were exported in Northern America; shrinking by -16.9% against the previous year's figure. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 14% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, rapeseed oil exports expanded markedly to $X in 2022. Over the period under review, exports, however, showed a temperate expansion. The growth pace was the most rapid in 2021 when exports increased by 50% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

Canada prevails in exports structure, accounting for X tons, which was near 96% of total exports in 2022. The United States (X tons) followed a long way behind the leaders.

Canada experienced a relatively flat trend pattern with regard to volume of exports of rapeseed oil. The United States (-11.1%) illustrated a downward trend over the same period. While the share of Canada (+7.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (-7.1 p.p.) displayed negative dynamics.

In value terms, Canada ($X) remains the largest rapeseed oil supplier in Northern America, comprising 97% of total exports. The second position in the ranking was taken by the United States ($X), with a 2.9% share of total exports.

In Canada, rapeseed oil exports increased at an average annual rate of +3.7% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, surging by 37% against the previous year. Overall, the export price recorded a measured increase. The pace of growth was the most pronounced in 2021 an increase of 60%. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat 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 (+3.8%).

Rapeseed Oil Imports

Imports in Northern America

In 2022, approx. X tons of rapeseed oil were imported in Northern America; growing by 8.8% on 2021. The total import volume increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 22% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, rapeseed oil imports soared to $X in 2022. Overall, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 83%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

The purchases of the one major importers of rapeseed oil, namely the United States, represented more than two-thirds of total import.

The United States was also the fastest-growing in terms of the rapeseed oil imports, with a CAGR of +4.1% from 2012 to 2022. While the share of the United States (+8.1 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 rapeseed oil in Northern America.

In the United States, rapeseed oil imports increased at an average annual rate of +8.2% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, surging by 28% against the previous year. In general, the import price saw perceptible growth. The growth pace was the most rapid in 2021 an increase of 65%. Over the period under review, import prices reached the peak figure 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 +3.9% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rapeseed oil in Northern America?

The United States remains the largest rapeseed oil consuming country in Northern America, accounting for 68% of total volume. Moreover, rapeseed oil consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada, twofold.

What are the largest producers of rapeseed oil in Northern America?

The country with the largest volume of rapeseed oil production was Canada, accounting for 84% of total volume. Moreover, rapeseed oil production in Canada exceeded the figures recorded by the second-largest producer, the United States, fivefold.

What are the leading suppliers of rapeseed oil in Northern America?

In value terms, Canada remains the largest rapeseed oil supplier in Northern America, comprising 96% of total exports. The second position in the ranking was occupied by the United States, with a 4.3% share of total exports.

What are the leading importers of rapeseed oil in Northern America?

In value terms, the United States constitutes the largest market for imported rapeseed oil in Northern America, comprising 99% of total imports. The second position in the ranking was occupied by Canada, with a 1.2% share of total imports.

What is the average export price for rapeseed oil in Northern America?

The rapeseed oil export price in Northern America stood at $1,326 per ton in 2021, increasing by 60% against the previous year.

What is the average import price for rapeseed oil in Northern America?

The rapeseed oil import price in Northern America stood at $1,443 per ton in 2021, increasing by 61% against the previous year.

This report provides an in-depth analysis of the 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
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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. CONSUMPTION BY COUNTRY
3. 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
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
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
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
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, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
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, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024