What is the price of canola oil per kilogram/pound in Australia today?
The retail price range for Australia canola oil is between US$ 3.86 and US$ 7.72 per kilogram or between US$ 1.75 and US$ 3.50 per pound(lb). Click here to see today's exact prices of canola oil in Australia
The retail price range in Australian Dollar for canola oil is between AUD 5.81 and AUD 11.62 per kilogram or between AUD 2.63 and AUD 5.27 per pound(lb) in Canberra and Melbourne.
Wholesale prices
In 2024, the approximate wholesale price range for Australia canola oil is between US$ 2.70 and US$ 5.41 per kilogram or between US$ 1.23 and US$ 2.45 per pound(lb).
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Australia Canola Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Canola Oil from Australia has seen a steady increase over the last five years. In 2017, the price was 0.92 US $ per kg, and in 2021 it was 1.34 US $ per kg. This represents an increase of 46.7%. The highest price was in 2022, when it was 1.78 US $ per kg. The lowest price was in 2014, when it was 0.98 US $ per kg. Based on this trend, it is predicted that the export price per kilogram of Canola Oil from Australia will be 2.22 US $ per kg in 2023 and 2.66 US $ per kg in 2024.The canola oil exports from Australia are classified as:
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
Australia Canola Oil Import Prices - Historical, Trends and Prediction
The import price of Canola Oil into Australia over the last five years has seen a steady decline. In 2017, the price per kilogram was $0.92, followed by $0.95 in 2018 and $0.88 in 2019. The price then rose slightly to $0.98 in 2020, before increasing significantly to $1.34 in 2021 and $1.78 in 2022. This suggests that the import price of Canola Oil into Australia is likely to continue to increase in the coming years. Based on this trend, it is predicted that the import price of Canola Oil into Australia will be $2.22 in 2023 and $2.66 in 2024.Export values for Australia canola oil
The total values in export for canola oil in Australia were US$ 127,375, US$ 152,196, US$ 151,645 and US$ 145,953 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Australia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of canola oil in other countries across Oceania: Fiji canola oil, French Polynesia canola oil, Guam canola oil, Micronesia canola oil, New Caledonia canola oil, Papua New Guinea canola oil, Samoa canola oil, Solomon Islands canola oil, Tonga canola oil & Vanuatu canola oil.
Australia canola oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of canola oil exported by Australia in 2020 was 181,919 tons. In 2019 Australia sold 166,643 tonnes of canola oil. Through 2019 alone, the demand for Australia canola oil (processed category) has gone up, changing by 4.875 per cent compared to the year 2018. Between 2017 and 2019, canola oil's exports went up by 0.33 pc netting the nation US$145.95m for the year 2019. Australia's canola oil exports are categorised as:
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
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Australia canola oil export values
In 2019, Australia supplied canola oil worth 145.95m USD, a reduction of -3.76% from 2018's total canola oil export of 151.645m USD. The yearly change in value of Australia canola oil between 2017 to 2018 was -0.36203317%.
The annual variation in the volume of Australia's canola oil exports between 2017 and 2019 was 0.33 pc compared to a variation of 4.875% in the period between 2018 and 2019.
Australia's share of the world's total canola oil's exports in 2019 was 3.1 pc. Australia holds position 9 in world exports of canola oil.
Export markets for Australia canola oil ( in '000$ )
Australia's leading destinations for canola oil are Indonesia, New Zealand, Fiji, New Caledonia and China.
Import/Export Trends
Australia is a net exporter of canola oil. The annual growth of Australia canola oil in value between 2015 to 2019 was 12%, per annum, while annual growth in quantity through the same period was 21%, per annum.
Australia bought 16,644 tonnes of canola oil in 2019.