What is the price of canola oil per kilogram/pound in Canada today?
The retail price range for Canada canola oil is between US$ 3.52 and US$ 3.91 per kilogram or between US$ 1.60 and US$ 1.78 per pound(lb). Click here to see today's exact prices of canola oil in Canada
The retail price range in Canadian Dollar for canola oil is between CAD 4.76 and CAD 5.28 per kilogram or between CAD 2.16 and CAD 2.40 per pound(lb) in Ottawa and Montréal.
Wholesale prices
In 2024, the approximate wholesale price range for Canada canola oil is between US$ 2.47 and US$ 2.74 per kilogram or between US$ 1.12 and US$ 1.24 per pound(lb).
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Canada Canola Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Canola Oil from Canada has seen a steady decline over the last five years. In 2011, the price was 1.26 US dollars per kg, and by 2021, it had dropped to 0.83 US dollars per kg. The lowest price was recorded in 2015, at 0.82 US dollars per kg. In 2021, the price rose to 1.35 US dollars per kg, before increasing further to 1.83 US dollars per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Canola Oil from Canada will be 1.81 US dollars per kg in 2023 and 1.79 US dollars per kg in 2024.The exports of canola oil from Canada are classified as:
- 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)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
- 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)
Canada Canola Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Canola Oil into Canada has seen a steady decline over the last five years. In 2012, the price was $1.26, and by 2016, it had dropped to $0.81. In 2017, the price rose slightly to $0.85, before dropping again to $0.84 in 2018 and $0.81 in 2019. The price then rose to $0.83 in 2020, before increasing to $1.35 in 2021 and $1.83 in 2022. Based on this data, it is likely that the import price per kilogram of Canola Oil into Canada will remain relatively stable in the next two years. We predict that the price will remain at $1.83 in 2023 and 2024.Export values for Canada canola oil
The total values in export for canola oil in Canada were US$ 2,346,285, US$ 2,643,754, US$ 2,737,098 and US$ 2,601,721 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Canada: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of canola oil in other countries across North America: Canada canola oil, US canola oil, Anguilla canola oil, Antigua and Barbuda canola oil, Bermuda canola oil, Bonaire, Sint Eustatius and Saba canola oil, St.Pierre and Miquelon canola oil, United States Minor Outlying Islands canola oil, Cayman Islands canola oil & Greenland canola oil.
Canada canola oil - Production, Exports, Imports, Seasons and HS Codes
The volume of canola oil shipped by Canada in 2020 was 3,407,584 tonnes. In 2019 Canada shipped 3,199,161 tonnes of canola oil. Through 2019 alone, the market for Canada canola oil (processed category) has reduced, with a change of -1.905 percent compared to the year 2018. Between 2017 and 2019, canola oil's exports grew by 3.34% netting the nation US$2,601.72m for the year 2019. Canada's canola oil exports are classified as:
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
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Canada canola oil export values
In 2019, Canada sold canola oil with a value of 2,601.72m USD, a reduction of -4.95% from 2018's total canola oil export of 2737.098m USD. The annual change in value of Canada canola oil between 2017 to 2018 was 3.531 percent.
The annual variation in the amount of Canada's canola oil exports between 2017 and 2019 was 3.34 per cent when compared to a variation of -1.905% in the growth rate between 2018 and 2019.
Canada's stake of the world's total canola oil's exports in 2019 was less than 1%. Canada is ranked position 51 in world exports of canola oil.
Export markets for Canada canola oil ( in '000$ )
Canada's top export markets for canola oil are US, China, South Korea, Chile and Mexico.
Import/Export Trends
Canada is a net exporter of canola oil. The annual growth of Canada canola oil in value between 2015 to 2019 was 6%, per annum, while annual growth in quantity for the same period was 3%, per annum.
Canada bought 17,372 tonnes of canola oil in 2019.