What is the price of canola oil per kilogram/pound in China today?
The retail price range for China canola oil is between US$ 0.40 and US$ 0.47 per kilogram or between US$ 0.18 and US$ 0.21 per pound(lb). Click here to see today's exact prices of canola oil in China
The retail price range in Yuan Renminbi for canola oil is between CNY 2.83 and CNY 3.30 per kilogram or between CNY 1.28 and CNY 1.50 per pound(lb) in Beijing and Shanghai.
Wholesale prices
In 2024, the approximate wholesale price range for China canola oil is between US$ 0.28 and US$ 0.33 per kilogram or between US$ 0.13 and US$ 0.15 per pound(lb).
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China Canola Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Canola Oil from China over the last five years has seen a steady decline. In 2017, the price was 0.88 US $ per kg, followed by 0.92 US $ per kg in 2018, 0.89 US $ per kg in 2019, 1.22 US $ per kg in 2020, and 1.87 US $ per kg in 2021. This year, the price has increased to 2.51 US $ per kg. Based on this trend, it is predicted that the export price per kilogram of Canola Oil from China in 2023 will be around 1.90 US $ per kg and in 2024 will be around 1.50 US $ per kg.The China 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)
- 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)
- 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)
China Canola Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Canola Oil into China has seen a steady decline over the last five years. In 2017, the price was $0.88, followed by $0.92 in 2018, $0.89 in 2019, $1.22 in 2020, and $1.87 in 2021. This indicates a downward trend in the import price of Canola Oil into China. However, the price has seen an increase in 2021, with the import price per kilogram reaching $2.51. This could be an indication of a reversal in the downward trend. Based on the current trend, it is predicted that the import price per kilogram of Canola Oil into China will be $2.75 in 2023 and $3.00 in 2024.Export values for China canola oil
The total values in export for canola oil in China were US$ 5,307, US$ 18,655, US$ 13,955 and US$ 9,891 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in China: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of canola oil in other countries across Asia: Kazakhstan canola oil, Kyrgyzstan canola oil, Tajikistan canola oil, Turkmenistan canola oil, Uzbekistan canola oil, China canola oil, Hong Kong canola oil, Macao canola oil, North Korea canola oil & Mongolia canola oil.
China canola oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 China sold 11,136 tonnes of canola oil. Across 2019 alone, the interest in China canola oil (processed category) has decreased, changing by -26.977 pc compared to the year 2018. Between 2017 and 2019, canola oil's exports reduced by -47.4 percent bringing the nation US$9.89m for the year 2019. China's canola oil exports are categorised as:
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
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China canola oil export values
In 2019, China supplied canola oil with a value of 9.89m USD, a reduction of -29.13% from 2018's total canola oil export of 13.955m USD. The annual reduction in value of China canola oil between 2017 to 2018 was -25.194 percent.
The yearly variation in the quantity of China's canola oil exports between 2017 and 2019 was -47.4 per cent compared to a variation of -26.977% in the period between 2018 and 2019.
China's share of the world's total canola oil's exports in 2019 was less than 1%. The country holds position 33 in world exports of canola oil.
Export markets for China canola oil ( in '000$ )
China's leading export markets for canola oil are Hong Kong, Malaysia, Singapore, Macao and Australia.
Import/Export Trends
China is a net importer of canola oil. The annual growth of China canola oil in value between 2015 to 2019 was 1%, per year, while annual growth in quantity for the same period was 14%, per annum.
China imported 1,615,002 tonnes of canola oil in 2019.