What is the price of canola oil per kilogram/pound in Singapore today?
The retail price range for Singapore canola oil is between US$ 0.07 and US$ 0.19 per kilogram or between US$ 0.03 and US$ 0.09 per pound(lb). Click here to see today's exact prices of canola oil in Singapore
The retail price range in Singapore Dollar for canola oil is between SGD 0.09 and SGD 0.26 per kilogram or between SGD 0.04 and SGD 0.12 per pound(lb) in Singapore and Bishan.
Wholesale prices
In 2024, the approximate wholesale price range for Singapore canola oil is between US$ 0.05 and US$ 0.14 per kilogram or between US$ 0.02 and US$ 0.06 per pound(lb).
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Singapore Canola Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Canola Oil from Singapore has seen a steady decline over the last five years. In 2017, the price was 1.28 US $ per kg, which dropped to 1.26 US $ per kg in 2018 and further to 1.20 US $ per kg in 2019. In 2020, the price rose slightly to 1.28 US $ per kg, before jumping to 1.76 US $ per kg in 2021. Based on this trend, it is predicted that the export price per kilogram of Canola Oil from Singapore will be 1.22 US $ per kg in 2023 and 1.18 US $ per kg in 2024.The canola oil exports from Singapore 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%" 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)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
Singapore Canola Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Canola Oil into Singapore has seen a steady decline over the past five years. In 2012, the price was 1.84 US dollars per kg, and by 2021, it had dropped to 1.76 US dollars per kg. This represents a decrease of 4.35% over the period. The biggest drop in price occurred between 2014 and 2015, when the price fell from 1.49 US dollars per kg to 1.32 US dollars per kg, a decrease of 11.41%. The price then remained relatively stable until 2021, when it increased to 1.76 US dollars per kg. Based on this trend, it is likely that the price of Canola Oil in Singapore will continue to increase in the coming years, with an estimated price of 1.80 US dollars per kg in 2023 and 1.84 US dollars per kg in 2024.Export values for Singapore canola oil
The total values in export for canola oil in Singapore were US$ 9,933, US$ 11,723, US$ 12,618 and US$ 10,851 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Singapore: 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.
Singapore canola oil - Production, Exports, Imports, Seasons and HS Codes
The volume of canola oil sold by Singapore in 2020 was 8,975 metric tons. In 2019 Singapore sold 9,005 tonnes of canola oil. In 2019 alone, the interest in Singapore canola oil (processed category) has decreased, recording a change of -10.058 per cent compared to the year 2018. Between 2017 and 2019, canola oil's exports went down by -1.9 pc bringing the nation US$10.85m for the year 2019. Singapore's canola oil exports are classified as:
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
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Singapore canola oil export values
In 2019, Singapore supplied canola oil valued at 10.85m USD, a contraction of -14.01% from 2018's total canola oil export of 12.618m USD. The annual change in value of Singapore canola oil between 2017 to 2018 was 7.635%.
The yearly change in the quantity of Singapore's canola oil exports between 2017 and 2019 was -1.9 percent compared to a variation of -10.058% in the period between 2018 and 2019.
Singapore's stake of the world's total canola oil's exports in 2019 was less than 1%. The country is ranked number 41 in world exports of canola oil.
Export markets for Singapore canola oil ( in '000$ )
Singapore's top export markets for canola oil are the Philippines, Fiji, Indonesia, Australia and Malaysia.
Import/Export Trends
Singapore is a net importer of canola oil. The annual growth of Singapore canola oil in value between 2015 to 2019 was -35%, per year, while annual growth in quantity for the same period was -35%, per annum.
Singapore imported 17,660 tonnes of canola oil in 2019.