What is the price of canola oil per kilogram/pound in Chile today?
The retail price range for Chile canola oil is between US$ 0.78 and US$ 0.97 per kilogram or between US$ 0.35 and US$ 0.44 per pound(lb). Click here to see today's exact prices of canola oil in Chile
The retail price range in Unidad de Fomento for canola oil is between CLP 622.14 and CLP 779.64 per kilogram or between CLP 282.15 and CLP 353.58 per pound(lb) in Santiago and Salamanca.
Wholesale prices
In 2024, the approximate wholesale price range for Chile canola oil is between US$ 0.54 and US$ 0.68 per kilogram or between US$ 0.25 and US$ 0.31 per pound(lb).
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Chile canola oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of canola oil exported by Chile in 2020 was 2,812 metric tons. In 2019 Chile exported 1,162 tonnes of canola oil. For the year 2019 alone, the demand for Chile canola oil (processed category) has increased, recording a change of 47.462 % compared to the year 2018. Between 2017 and 2019, canola oil's exports increased by 11.2% bringing the nation US$1.59m for the year 2019. Chile's canola oil exports are classified as:
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
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Chile canola oil export values
In 2019, Chile supplied canola oil costing 1.59m USD, a surge of 32.17% from 2018's total canola oil export of 1.203m USD. The yearly change in value of Chile canola oil between 2017 to 2018 was -23.327 pc.
The per year variation in the quantity of Chile's canola oil exports between 2017 and 2019 was 11.2% compared to a variation of 47.462% in the period between 2018 and 2019.
Chile's stake of the world's total canola oil's exports in 2019 was 3.7 per cent. The country is ranked number 8 in world exports of canola oil.
Export markets for Chile canola oil ( in '000$ )
Chile's leading export markets for canola oil are Argentina, Brazil, Peru, Colombia and Norway.
Import/Export Trends
Chile is a net exporter of canola oil. The annual growth of Chile canola oil in value between 2015 to 2019 was -1%, per annum, while annual growth in quantity for the same period was -2%, per annum.
Chile purchased 136,944 tonnes of canola oil in 2019.