Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Canada - 2023
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Canada (FOB) - 2023
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Canada (CIF) - 2022
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Canada
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Canada
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Canada (FOB) - 2023
In December 2023, the average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $2,785 per ton, picking up by 42% against the previous month. Over the period under review, the export price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 79% against the previous month. The export price peaked at $3,951 per ton in December 2022; however, from January 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Colombia ($4,011 per ton), while the average price for exports to the United States ($1,215 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Canada (CIF) - 2022
The average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $4,466 per ton in 2022, jumping by 58% against the previous year. Overall, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds increased by +104.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 89%. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,760 per ton), while the price for Belgium stood at $2,687 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.4%).
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Canada
In 2022, overseas shipments of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds decreased by -1.7% to 1.2K tons, falling for the second year in a row after two years of growth. In general, exports, however, saw resilient growth. The growth pace was the most rapid in 2020 with an increase of 880% against the previous year. As a result, the exports reached the peak of 6.9K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds fell to $4M in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 841%. As a result, the exports attained the peak of $20M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 971 | 1,168 | 1,667 | 1,153 | 5.9% |
| Japan | 130 | 278 | 481 | 821 | 84.8% |
| Colombia | N/A | 232 | 266 | 583 | 58.5% |
| Brazil | 12.1 | 535 | 369 | 526 | 251.6% |
| Thailand | N/A | 114 | 46.2 | 315 | 66.2% |
| Guatemala | N/A | 38.0 | 231 | 219 | 140.1% |
| Taiwan (Chinese) | 47.1 | 26.0 | 85.8 | 129 | 39.9% |
| China | 907 | 15,540 | 628 | 107 | -51.0% |
| South Korea | N/A | 1,954 | 34.8 | N/A | -98.2% |
| Others | 65.9 | 191 | 259 | 103 | 16.1% |
| Total | 2,134 | 20,075 | 4,068 | 3,956 | 22.8% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Canada in 2022:
- United States (262.6 tons)
- Colombia (219.7 tons)
- Japan (202.8 tons)
- Brazil (196.2 tons)
- Thailand (111.2 tons)
- Guatemala (85.0 tons)
- Taiwan (Chinese) (50.2 tons)
- China (41.5 tons)
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Canada
After three years of growth, supplies from abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds decreased by -61.4% to 502 tons in 2022. Overall, imports continue to indicate a pronounced slump. The growth pace was the most rapid in 2020 when imports increased by 68%.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds reduced notably to $2.2M in 2022. In general, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by 85% against the previous year. As a result, imports reached the peak of $3.7M, and then contracted notably in the following year.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.2 | 1.8 | 3.2 | 2.0 | 18.6% |
| Belgium | 0.1 | 0.2 | 0.3 | 0.2 | 26.0% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 1.4 | 2.0 | 3.7 | 2.2 | 16.3% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Canada in 2022:
- United States (423.1 tons)
- Belgium (75.5 tons)
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