What is the price of canola oil per kilogram/pound in United Kingdom (UK) today?
The retail price range for United Kingdom (UK) canola oil is between US$ 2.95 and US$ 4.91 per kilogram or between US$ 1.34 and US$ 2.23 per pound(lb). Click here to see today's exact prices of canola oil in United Kingdom (UK)
The retail price range in British pound sterling for canola oil is between GBP 2.37 and GBP 3.95 per kilogram or between GBP 1.07 and GBP 1.79 per pound(lb) in London and Birmingham.
Wholesale prices
In 2024, the approximate wholesale price range for United Kingdom (UK) canola oil is between US$ 2.06 and US$ 3.44 per kilogram or between US$ 0.94 and US$ 1.56 per pound(lb).
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United Kingdom (UK) Canola Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Canola Oil from the United Kingdom over the last five years has seen a steady decline. In 2011, the price was 1.15 US dollars per kg, dropping to 1.06 US dollars per kg in 2012. The price then rose to 1.15 US dollars per kg in 2013, before dropping to 1.00 US dollars per kg in 2014. In 2015, the price dropped to 0.85 US dollars per kg, before rising to 0.94 US dollars per kg in 2016. The price then rose to 1.01 US dollars per kg in 2017, before dropping to 0.87 US dollars per kg in 2018. The price then rose to 0.94 US dollars per kg in 2019, before increasing to 0.99 US dollars per kg in 2020. In 2021, the price spiked to 55.26 US dollars per kg, before dropping to 1.86 US dollars per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Canola Oil from the United Kingdom will be 0.83 US dollars per kg in 2023 and 0.78 US dollars per kg in 2024.The canola oil exports from United Kingdom (UK) are categorised as:
- 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, 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)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
United Kingdom (UK) Canola Oil Import Prices - Historical, Trends and Prediction
Export values for United Kingdom (UK) canola oil
The total values in export for canola oil in United Kingdom (UK) were US$ 117,631, US$ 93,652, US$ 210,576 and US$ 187,497 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in United Kingdom (UK): Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of canola oil in other countries across Europe: Georgia canola oil, Albania canola oil, Belarus canola oil, Bosnia and Herzegovina canola oil, Bulgaria canola oil, Croatia canola oil, Czech Republic canola oil, Estonia canola oil, Greece canola oil & Hungary canola oil.
United Kingdom (UK) canola oil - Production, Exports, Imports, Seasons and HS Codes
The volume of canola oil shipped by United Kingdom (UK) in 2020 was 149,683 metric tonnes. In 2019 United Kingdom (UK) sold 199,097 tonnes of canola oil. Across 2019 alone, the market for United Kingdom (UK) canola oil (processed category) has gone down, with a change of -17.508 per cent compared to the year 2018. Between 2017 and 2019, canola oil's exports went up by 115.13 percent bringing the exporter US$187.50m for the year 2019. United Kingdom (UK)'s canola oil exports are classified as:
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
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United Kingdom (UK) canola oil export values
In 2019, United Kingdom (UK) shipped canola oil worth 187.50m USD, a drop of -10.96% from 2018's total canola oil export of 210.576m USD. The annual reduction in value of United Kingdom (UK) canola oil between 2017 to 2018 was 124.849 per cent.
The per year change in the volume of United Kingdom (UK)'s canola oil exports between 2017 and 2019 was 115.13% in comparison to a variation of -17.508% in the period between 2018 and 2019.
United Kingdom (UK)'s stake of the world's total canola oil's exports in 2019 was 2%. United Kingdom (UK) holds number 11 in world exports of canola oil.
Export markets for United Kingdom (UK) canola oil ( in '000$ )
United Kingdom (UK)'s leading export markets for canola oil are Germany, Belgium, the Netherlands, Sweden and Norway.
Import/Export Trends
United Kingdom (UK) is a net importer of canola oil. The annual growth of United Kingdom (UK) canola oil in value between 2015 to 2019 was -11%, per annum, while annual growth in quantity during the same period was -6%, per annum.
United Kingdom (UK) procured 46,469 tonnes of canola oil in 2019.