What is the price of canola oil per kilogram/pound in Japan today?
The retail price range for Japan canola oil is between US$ 5.64 and US$ 7.20 per kilogram or between US$ 2.56 and US$ 3.27 per pound(lb). Click here to see today's exact prices of canola oil in Japan
The retail price range in Yen for canola oil is between JPY 778.86 and JPY 994.47 per kilogram or between JPY 353.23 and JPY 451.00 per pound(lb) in Tokyo and Yokohama.
Wholesale prices
In 2024, the approximate wholesale price range for Japan canola oil is between US$ 3.95 and US$ 5.04 per kilogram or between US$ 1.79 and US$ 2.29 per pound(lb).
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Japan Canola Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Canola Oil from Japan over the last five years has been relatively stable. In 2017, the price was 2.21 US dollars per kilogram, followed by 2.22 US dollars in 2018, 2.24 US dollars in 2019, 1.78 US dollars in 2020, and 1.98 US dollars in 2021. The lowest price was recorded in 2020, while the highest price was recorded in 2014 at 3.04 US dollars per kilogram. Based on this data, it is predicted that the export price per kilogram of Canola Oil from Japan in 2023 will be around 1.96 US dollars, and in 2024 will be around 1.98 US dollars.The Japan canola oil exports are categorised as:
- 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)
- 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, crude (HS code 151491)
- 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)
Japan Canola Oil Import Prices - Historical, Trends and Prediction
The import price of Canola Oil into Japan over the last five years has been relatively stable. In 2017, the price was 2.21 US$ per kg, followed by 2.22 US$ per kg in 2018 and 2.24 US$ per kg in 2019. In 2020, the price dropped to 1.78 US$ per kg, before increasing to 1.98 US$ per kg in 2021 and 1.96 US$ per kg in 2022. Based on this trend, it is likely that the import price of Canola Oil into Japan will remain relatively stable in the next two years, with an estimated price of 1.98 US$ per kg in 2023 and 1.96 US$ per kg in 2024.Export values for Japan canola oil
The total values in export for canola oil in Japan were US$ 2,268, US$ 1,910, US$ 2,806 and US$ 3,372 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Japan: 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.
Japan canola oil - Production, Exports, Imports, Seasons and HS Codes
The volume of canola oil exported by Japan in 2020 was 2,868 tons. In 2019 Japan sold 1,503 tonnes of canola oil. In 2019 alone, the interest in Japan canola oil (processed category) has gone up, flactuating by 18.908 % compared to the year 2018. Between 2017 and 2019, canola oil's exports went up by 73.96 percent earning the exporter US$3.37m for the year 2019. Japan's canola oil exports are categorised as:
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
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Japan canola oil export values
In 2019, Japan exported canola oil with a value of 3.37m USD, an increment of 20.10% from 2018's total canola oil export of 2.806m USD. The annual growth in value of Japan canola oil between 2017 to 2018 was 46.911 pc.
The per year change in the volume of Japan's canola oil exports between 2017 and 2019 was 73.96% compared to a variation of 18.908% in the period between 2018 and 2019.
Japan's portion of the world's total canola oil's exports in 2019 was less than 1%. Japan is ranked number 56 in world exports of canola oil.
Export markets for Japan canola oil ( in '000$ )
Japan's best performing export markets for canola oil are Vietnam, China, Thailand, Hong Kong and US.
Import/Export Trends
Japan is a net importer of canola oil. The annual growth of Japan canola oil in value between 2015 to 2019 was 17%, per annum, while annual growth in quantity during the same period was 13%, per annum.
Japan ordered 37,798 tonnes of canola oil in 2019.