What is the price of canola oil per kilogram/pound in New Zealand today?
The retail price range for New Zealand canola oil is between US$ 2.92 and US$ 8.77 per kilogram or between US$ 1.32 and US$ 3.98 per pound(lb). Click here to see today's exact prices of canola oil in New Zealand
The retail price range in New Zealand Dollar for canola oil is between NZD 4.64 and NZD 13.94 per kilogram or between NZD 2.11 and NZD 6.32 per pound(lb) in Wellington and Auckland.
Wholesale prices
In 2024, the approximate wholesale price range for New Zealand canola oil is between US$ 2.04 and US$ 6.14 per kilogram or between US$ 0.93 and US$ 2.78 per pound(lb).
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New Zealand Canola Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Canola Oil from New Zealand has seen a steady decline over the last five years. In 2011, the price was 3.28 US dollars per kg, but by 2021, it had dropped to 1.21 US dollars per kg. This represents a decrease of 63.3%. In 2022, the price increased to 1.64 US dollars per kg, but this was still lower than the 2011 price. Based on this trend, it is predicted that the export price per kilogram of Canola Oil from New Zealand in 2023 will be 1.09 US dollars per kg, and in 2024 will be 1.03 US dollars per kg.The exports of canola oil from New Zealand are classified 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, 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)
New Zealand Canola Oil Import Prices - Historical, Trends and Prediction
The import price of Canola Oil into New Zealand has seen a steady decline over the past five years. In 2012, the price per kilogram was 2.63 US dollars, dropping to 2.34 US dollars in 2013. This trend continued in 2014, with the price falling to 1.76 US dollars. In 2015, the price dropped further to 1.43 US dollars, and then to 1.41 US dollars in 2016. The most recent year, 2017, saw the price drop to 1.00 US dollars, before increasing slightly to 1.03 US dollars in 2018 and 1.09 US dollars in 2019. The price then rose to 1.16 US dollars in 2020, and 1.21 US dollars in 2021. The most recent year, 2022, saw the price increase to 1.64 US dollars. Based on this data, it is predicted that the import price of Canola Oil into New Zealand will be 1.68 US dollars in 2023 and 1.72 US dollars in 2024.Export values for New Zealand canola oil
The total values in export for canola oil in New Zealand were US$ 1,759, US$ 862, US$ 922 and US$ 981 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in New Zealand: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of canola oil in other countries across Oceania: Fiji canola oil, French Polynesia canola oil, Guam canola oil, Micronesia canola oil, New Caledonia canola oil, Papua New Guinea canola oil, Samoa canola oil, Solomon Islands canola oil, Tonga canola oil & Vanuatu canola oil.
New Zealand canola oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of canola oil sold by New Zealand in 2020 was 1,952 tons. In 2019 New Zealand sold 900 tonnes of canola oil. In 2019 alone, the demand for New Zealand canola oil (processed category) has improved, with a change of 0.55865922 pc compared to the year 2018. Between 2017 and 2019, canola oil's exports grew by 4.53 percent bringing the nation US$0.98m for the year 2019. New Zealand's canola oil exports are categorised as:
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
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New Zealand canola oil export values
In 2019, New Zealand sold canola oil with a value of 0.98m USD, a surge of 6.29% from 2018's total canola oil export of 0.922m USD. The annual change in value of New Zealand canola oil between 2017 to 2018 was 6.961%.
The annual change in the volume of New Zealand's canola oil exports between 2017 and 2019 was 4.53 pc compared to a variation of 0.55865922% in the period between 2018 and 2019.
New Zealand's stake of the world's total canola oil's exports in 2019 was less than 1%. The country is ranked number 32 in world exports of canola oil.
Export markets for New Zealand canola oil ( in '000$ )
New Zealand's leading export markets for canola oil are Australia, Malaysia, Fiji, Samoa and Hong Kong.
Import/Export Trends
New Zealand is a net importer of canola oil. The annual growth of New Zealand canola oil in value between 2015 to 2019 was 160%, per year, while annual growth in quantity through the same period was 113%, per annum.
New Zealand imported 61,266 tonnes of canola oil in 2019.