Canada - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGroundnut Oil Price in Canada - 2023
Contents:
- Groundnut Oil Price in Canada (CIF) - 2023
- Groundnut Oil Price in Canada (FOB) - 2022
- Groundnut Oil Imports in Canada
- Groundnut Oil Exports in Canada
Groundnut Oil Price in Canada (CIF) - 2023
In June 2023, the average groundnut oil import price amounted to $3,214 per ton, rising by 81% against the previous month. Over the period under review, import price indicated a pronounced expansion from June 2022 to June 2023: its price increased at an average monthly rate of +2.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, groundnut oil import price increased by +81.2% against May 2023 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 June 2023, the country with the highest price was China ($3,900 per ton), while the price for India ($2,672 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Groundnut Oil Price in Canada (FOB) - 2022
In 2022, the average groundnut oil export price amounted to $2,271 per ton, growing by 85% against the previous year. In general, the export price saw a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,814 per ton), while the average price for exports to Hong Kong SAR stood at $480 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.
Groundnut Oil Imports in Canada
In 2022, after three years of growth, there was decline in overseas purchases of groundnut oil, when their volume decreased by -1.7% to 4.1K tons. The total import volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of 4.1K tons, and then dropped in the following year.
In value terms, groundnut oil imports soared to $9.4M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 29%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Groundnut Oil in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.0 | 4.4 | 5.9 | 7.5 | 23.3% |
| China | 0.4 | 0.5 | 0.6 | 0.7 | 20.5% |
| Hong Kong SAR | 0.4 | 0.6 | 0.7 | 0.5 | 7.7% |
| India | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Argentina | 0.7 | 0.4 | 0.5 | 0.2 | -34.1% |
| Others | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Total | 5.7 | 6.1 | 7.9 | 9.4 | 18.1% |
Top Suppliers of Groundnut Oil to Canada in 2022:
- United States (3221.1 tons)
- Argentina (209.8 tons)
- China (197.3 tons)
- Hong Kong SAR (162.9 tons)
- India (152.7 tons)
Groundnut Oil Exports in Canada
In 2022, shipments abroad of groundnut oil decreased by -57.2% to 23 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw strong growth. The growth pace was the most rapid in 2020 with an increase of 146% against the previous year.
In value terms, groundnut oil exports reduced dramatically to $53K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 80%.
| Export of Groundnut Oil in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.7 | 3.8 | 18.4 | 47.5 | 76.1% |
| Hong Kong SAR | 2.9 | 4.2 | 6.7 | 5.2 | 21.5% |
| Nigeria | 1.9 | 2.6 | 2.2 | N/A | 7.6% |
| Malaysia | N/A | N/A | 6.4 | N/A | 0% |
| France | 4.2 | 24.3 | 23.4 | N/A | 136.0% |
| India | N/A | N/A | 1.6 | N/A | 0% |
| Taiwan (Chinese) | 2.2 | 3.2 | 2.6 | N/A | 8.7% |
| Others | 5.9 | 8.1 | 5.2 | N/A | -6.1% |
| Total | 25.7 | 46.1 | 66.5 | 52.6 | 27.0% |
Top Export Markets for Groundnut Oil from Canada in 2022:
- United States (12.5 tons)
- Hong Kong SAR (10.7 tons)
This report provides an in-depth analysis of the 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:
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the groundnut oil market in Canada.
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This report provides an in-depth analysis of the market for ground-nut oil and its fractions in Canada.
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This report provides an in-depth analysis of the crude groundnut oil market in Canada.
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This report provides an in-depth analysis of the refined groundnut oil market in Canada.
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This report provides an in-depth analysis of the global groundnut oil market.
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Global Market for Ground-Nut Oil And Its Fractions. This report provides an in-depth analysis of the global market for ground-nut oil and its fractions.
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This report provides an in-depth analysis of the global crude groundnut oil market.
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This report provides an in-depth analysis of the global refined groundnut oil market.
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This report provides an in-depth analysis of the groundnut oil market in Canada.
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This report provides an in-depth analysis of the market for ground-nut oil and its fractions in Canada.
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Global groundnut oil imports reached $671M in 2020. In physical terms, global imports spiked by +15% y-o-y to 444K tons in 2020, mainly due to rising demand from China. China represents the world’s largest importer of groundnut oil, with a 61%-share of global import volume. In 2020, China’s groundnut oil imports jumped from $225M to $433M. Brazil and Argentina remain the key exporters of groundnut oil.
1707
In 2015, the countries with the highest levels of ground-nut oil production were China (X thousand tons), India (X thousand tons), Nigeria (X thousand tons), together accounting for X% of total output.
2328
Argentina dominates in the global ground-nut oil trade. In 2014, Argentina exported X thousand tons of ground-nut oil totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total grou
1013
Global groundnut oil imports reached $671M in 2020. In physical terms, global imports spiked by +15% y-o-y to 444K tons in 2020, mainly due to rising demand from China. China represents the world’s largest importer of groundnut oil, with a 61%-share of global import volume. In 2020, China’s groundnut oil imports jumped from $225M to $433M. Brazil and Argentina remain the key exporters of groundnut oil.
1707
In 2015, the countries with the highest levels of ground-nut oil production were China (X thousand tons), India (X thousand tons), Nigeria (X thousand tons), together accounting for X% of total output.
2328
Argentina dominates in the global ground-nut oil trade. In 2014, Argentina exported X thousand tons of ground-nut oil totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total grou
