What is the price of palm oil per kilogram/pound in Canada today?
The retail price range for Canada palm oil is between US$ 8.78 and US$ 12.68 per kilogram or between US$ 3.98 and US$ 5.75 per pound(lb). Click here to see today's exact prices of palm oil in Canada
The retail price range in Canadian Dollar for palm oil is between CAD 11.85 and CAD 17.11 per kilogram or between CAD 5.37 and CAD 7.76 per pound(lb) in Ottawa and Montréal.
Wholesale prices
In 2024, the approximate wholesale price range for Canada palm oil is between US$ 6.14 and US$ 8.87 per kilogram or between US$ 2.79 and US$ 4.02 per pound(lb).
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Canada Palm Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Palm Oil from Canada has seen a significant fluctuation over the past five years. In 2017, the price was at its highest at $1.25, followed by a sharp decline to $0.80 in 2018. In 2019, the price rose to $1.09, before increasing again to $1.25 in 2020. The latest data shows that the price has risen to $1.61 in 2021 and $2.73 in 2022. Based on this trend, it is likely that the export price per kilogram of Palm Oil from Canada will continue to increase in the next two years, with an estimated price of $3.36 in 2023 and $4.99 in 2024.The palm oil exports from Canada are categorised as:
- Crude palm kernel and babassu oil (HS code 151321)
- Crude palm oil (HS code 151110)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
Canada Palm Oil Import Prices - Historical, Trends and Prediction
The import price of Palm Oil into Canada over the last five years has been quite volatile. In 2017, the price per kilogram was $1.25, which was the highest in the five year period. This was followed by a sharp decline in 2018 to $0.80 per kilogram. In 2019, the price rose to $1.09 per kilogram, before increasing again in 2020 to $1.25 per kilogram. The price then rose to its highest point in the five year period in 2021, at $1.61 per kilogram. Finally, in 2022, the price per kilogram was $2.73. Based on the data, it is likely that the price of Palm Oil into Canada will continue to increase in the next two years. We predict that the price per kilogram in 2023 will be around $3.00, and in 2024 it will be around $3.50.Export values for Canada palm oil
The total values in export for palm oil in Canada were US$ 420, US$ 2,488, US$ 3,879 and US$ 3,233 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 palm oil in other countries across North America: Canada palm oil, US palm oil, Anguilla palm oil, Antigua and Barbuda palm oil, Bermuda palm oil, Bonaire, Sint Eustatius and Saba palm oil, St.Pierre and Miquelon palm oil, United States Minor Outlying Islands palm oil, Cayman Islands palm oil & Greenland palm oil.
Canada palm oil - Production, Exports, Imports, Seasons and HS Codes
The amount of palm oil shipped by Canada in 2020 was 2,872 metric tons. In 2019 Canada shipped 2,969 tonnes of palm oil. For 2019 alone, the demand for Canada palm oil (processed category) has gone down, with a change of -38.568 % compared to the year 2018. Between 2017 and 2019, palm oil's exports went up by 48.75 pc netting the nation US$3.23m for the year 2019. Canada's palm oil exports are categorised as:
- Crude palm oil (HS code 151110)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm kernel and babassu oil (HS code 151321)
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Canada palm oil export values
In 2019, Canada shipped palm oil worth 3.23m USD, a decrease of -16.73% from 2018's total palm oil export of 3.879m USD. The yearly reduction in value of Canada palm oil between 2017 to 2018 was 55.908 percent.
The annual/yearly change in the quantity of Canada's palm oil exports between 2017 and 2019 was 48.75 percent compared to a variation of -38.568% in the period between 2018 and 2019.
Canada's share of the world's total palm oil's exports in 2019 was less than 1%. Canada is ranked position 22 in world exports of palm oil.
Export markets for Canada palm oil ( in '000$ )
Canada's top destinations for palm oil are US, Turkey, Barbados, Ecuador and Chile.
Import/Export Trends
Canada is a net importer of palm oil. The annual growth of Canada palm oil in value between 2015 to 2019 was 47%, per year, while annual growth in quantity during the same period was 59%, per annum.
Canada brought in 129,362 tonnes of palm oil in 2019.