What is the price of soyabean oil per kilogram/pound in Canada today?
The retail price range for Canada soyabean oil is between US$ 1.94 and US$ 6.79 per kilogram or between US$ 0.88 and US$ 3.08 per pound(lb). Click here to see today's exact prices of soyabean oil in Canada
The retail price range in Canadian Dollar for soyabean oil is between CAD 2.62 and CAD 9.17 per kilogram or between CAD 1.19 and CAD 4.16 per pound(lb) in Ottawa and Montréal.
Wholesale prices
In 2024, the approximate wholesale price range for Canada soyabean oil is between US$ 1.36 and US$ 4.76 per kilogram or between US$ 0.62 and US$ 2.16 per pound(lb).
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Canada Soyabean Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Soyabean oil from Canada has seen a steady decline over the last five years. In 2011, the price was 1.28 US dollars per kg, and by 2021, it had dropped to 0.76 US dollars per kg. In 2022, the price increased to 1.48 US dollars per kg, which is the highest price in the last five years. The trend suggests that the export price per kilogram of Soyabean oil from Canada is likely to remain around 1.48 US dollars per kg in 2023 and 2024.The exports of soyabean oil from Canada are categorised as:
- Crude soya-bean oil, whether or not degummed (HS code 150710)
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
Canada Soyabean Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soyabean oil into Canada has seen a steady decline over the last five years. In 2012, the price was $1.21, dropping to $1.15 in 2013. This trend continued in 2014, when the price fell to $0.92, and then to $0.76 in 2015. In 2016, the price rose slightly to $0.77, before increasing to $0.83 in 2017. The price then dropped again in 2018 to $0.78, before reaching its lowest point of $0.76 in 2019. The price has since increased to $0.79 in 2020, and then to $1.39 in 2021. The most recent data shows that the price has risen to $1.48 in 2022. Based on this trend, it is likely that the price of Soyabean oil into Canada will continue to increase in the next two years. We predict that the price will reach $1.51 in 2023, and $1.54 in 2024.Export values for Canada soyabean oil
The total values in export for soyabean oil in Canada were US$ 127,794, US$ 118,224, US$ 131,929 and US$ 126,681 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 soyabean oil in other countries across North America: Canada soyabean oil, US soyabean oil, Anguilla soyabean oil, Antigua and Barbuda soyabean oil, Bermuda soyabean oil, Bonaire, Sint Eustatius and Saba soyabean oil, St.Pierre and Miquelon soyabean oil, United States Minor Outlying Islands soyabean oil, Cayman Islands soyabean oil & Greenland soyabean oil.
Canada soyabean oil - Production, Exports, Imports, Seasons and HS Codes
The volume of soyabean oil sold by Canada in 2020 was 126,775 tonnes. In 2019 Canada sold 166,191 tonnes of soyabean oil. Through 2019 alone, the interest in Canada soyabean oil (processed category) has shrunk, changing by -2.185 per cent compared to the year 2018. Between 2017 and 2019, soyabean oil's exports went up by 16.74 percent bringing Canada US$126.68m for the year 2019. Canada's soyabean oil exports are classified as:
- Crude soya-bean oil, whether or not degummed (HS code 150710)
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
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Canada soyabean oil export values
In 2019, Canada shipped soyabean oil with a value of 126.68m USD, a drop of -3.98% from 2018's total soyabean oil export of 131.929m USD. The annual reduction in value of Canada soyabean oil between 2017 to 2018 was 11.592 pc.
The annual variation in the quantity of Canada's soyabean oil exports between 2017 and 2019 was 16.74 pc when compared to a variation of -2.185% in the growth rate between 2018 and 2019.
Canada's share of the world's total soyabean oil's exports in 2019 was 83.7 per cent. Canada is ranked position 1 in world exports of soyabean oil.
Export markets for Canada soyabean oil ( in '000$ )
Canada's top destinations for soyabean oil are US, Trinidad and Tobago, Jamaica, Saudi Arabia and Spain.
Import/Export Trends
Canada is a net exporter of soyabean oil. The annual growth of Canada soyabean oil in value between 2015 to 2019 was 5%, per annum, while annual growth in quantity during the same period was 1%, per annum.
Canada purchased 21,863 tonnes of soyabean oil in 2019.