What is the price of canola oil per kilogram/pound in Latvia today?
The retail price range for Latvia canola oil is between US$ 1.46 and US$ 2.67 per kilogram or between US$ 0.66 and US$ 1.21 per pound(lb). Click here to see today's exact prices of canola oil in Latvia
The retail price range in Euro for canola oil is between EUR 1.35 and EUR 2.47 per kilogram or between EUR 0.61 and EUR 1.12 per pound(lb) in Riga and Daugavpils.
Wholesale prices
In 2024, the approximate wholesale price range for Latvia canola oil is between US$ 1.02 and US$ 1.87 per kilogram or between US$ 0.46 and US$ 0.85 per pound(lb).
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Latvia canola oil - Production, Exports, Imports, Seasons and HS Codes
The volume of canola oil sold by Latvia in 2020 was 15,738 metric tons. In 2019 Latvia shipped 5,961 tonnes of canola oil. For the year 2019 alone, the interest in Latvia canola oil (processed category) has gone down, flactuating by -38.087 percent compared to the year 2018. Between 2017 and 2019, canola oil's exports decreased by -36.89% bringing the country US$5.06m for the year 2019. Latvia's canola oil exports are categorised as:
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
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Latvia canola oil export values
In 2019, Latvia supplied canola oil worth 5.06m USD, a reduction of -31.63% from 2018's total canola oil export of 7.401m USD. The annual reduction in value of Latvia canola oil between 2017 to 2018 was -13.802 pc.
The annual/yearly variation in the volume of Latvia's canola oil exports between 2017 and 2019 was -36.89 percent in comparison to a variation of -38.087% in the period between 2018 and 2019.
Latvia's stake of the world's total canola oil's exports in 2019 was less than 1%. The country holds number 42 in world exports of canola oil.
Export markets for Latvia canola oil ( in '000$ )
Latvia's leading export markets for canola oil are Estonia, Lithuania, Denmark, Norway and Poland.
Import/Export Trends
Latvia is a net importer of canola oil. The annual growth of Latvia canola oil in value between 2015 to 2019 was 5%, per annum, while annual growth in quantity during the same period was 7%, per annum.
Latvia procured 54,381 tonnes of canola oil in 2019.