What is the price of canola oil per kilogram/pound in Vietnam today?
The retail price range for Vietnam canola oil is between US$ 8.14 and US$ 10.75 per kilogram or between US$ 3.69 and US$ 4.87 per pound(lb). Click here to see today's exact prices of canola oil in Vietnam
The retail price range in Dong for canola oil is between VND 203,484.15 and VND 268,666.43 per kilogram or between VND 92,283.06 and VND 121,844.18 per pound(lb) in Hanoi and Ho Chi Minh City.
Wholesale prices
In 2024, the approximate wholesale price range for Vietnam canola oil is between US$ 5.70 and US$ 7.52 per kilogram or between US$ 2.58 and US$ 3.41 per pound(lb).
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Vietnam Canola Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Canola Oil from Vietnam has seen a steady decline over the last five years. In 2013, the price was 1.55 US dollars per kg, dropping to 1.42 US dollars per kg in 2014. This trend continued in 2015, when the price fell to 1.27 US dollars per kg. In 2016, the price dropped to 1.00 US dollars per kg, and then increased slightly to 1.10 US dollars per kg in 2017. The price remained steady in 2018 at 1.11 US dollars per kg, before dropping to 0.86 US dollars per kg in 2019. The most recent data shows that the price has increased slightly to 0.90 US dollars per kg in 2020. Based on this trend, it is predicted that the export price per kilogram of Canola Oil from Vietnam will be 0.83 US dollars per kg in 2023 and 0.76 US dollars per kg in 2024.Vietnam Canola Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Canola Oil into Vietnam has seen a steady decline over the past five years. In 2013, the price was 1.55 US dollars per kg, which dropped to 1.42 US dollars per kg in 2014. This trend continued in 2015, when the price fell to 1.27 US dollars per kg. In 2016, the price dropped further to 1.00 US dollars per kg, and then increased slightly to 1.10 US dollars per kg in 2017. The price remained relatively stable in 2018, at 1.11 US dollars per kg, before dropping to 0.86 US dollars per kg in 2019. The most recent data shows that the price has increased slightly to 0.90 US dollars per kg in 2020. Based on this data, it is likely that the import price per kilogram of Canola Oil into Vietnam will continue to remain relatively stable in the coming years. We can predict that the price will be around 0.90 US dollars per kg in 2023 and 2024.Export values for Vietnam canola oil
The total values in export for canola oil in Vietnam were US$ 19, US$ 69, US$ 21 and US$ 174 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Vietnam: 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.
Vietnam canola oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Vietnam exported 203 tonnes of canola oil. Through 2019 alone, the interest in Vietnam canola oil (processed category) has improved, with a change of 968.421 per cent compared to the year 2018. Between 2017 and 2019, canola oil's exports went up by 222.22% bringing the nation US$0.17m for the year 2019. Vietnam's canola oil exports are categorised as:
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
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Vietnam canola oil export values
In 2019, Vietnam exported canola oil costing 0.17m USD, an increase of 709.52% from 2018's total canola oil export of 0.021m USD. The yearly increase in value of Vietnam canola oil between 2017 to 2018 was -69.565 per cent.
The yearly change in the amount of Vietnam's canola oil exports between 2017 and 2019 was 222.22 per cent compared to a variation of 968.421% in the period between 2018 and 2019.
Vietnam's stake of the world's total canola oil's exports in 2019 was 1.1 pc. The country is ranked position 16 in world exports of canola oil.
Export markets for Vietnam canola oil ( in '000$ )
Import/Export Trends
Vietnam is a net importer of canola oil. The annual growth of Vietnam canola oil in value between 2015 to 2019 was -16%, per annum, while annual growth in quantity during the same period was -5%, per annum.
Vietnam imported 6,765 tonnes of canola oil in 2019.