China Import Price: Crude Oil: North America: Canada data was reported at 491.111 USD/Ton in Mar 2025. This records a decrease from the previous number of 502.688 USD/Ton for Feb 2025. China Import Price: Crude Oil: North America: Canada data is updated monthly, averaging 496.292 USD/Ton from May 2008 (Median) to Mar 2025, with 132 observations. The data reached an all-time high of 40,000.000 USD/Ton in Nov 2017 and a record low of 198.927 USD/Ton in Apr 2020. China Import Price: Crude Oil: North America: Canada data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PH: Crude Oil Import and Export Price.

Canada Exports of crude oil to China was US$1.75 Billion during 2024, according to the United Nations COMTRADE database on international trade. Canada Exports of crude oil to China - data, historical chart and statistics - was last updated on July of 2025.

China Imports from Canada of Crude Oil was US$4.74 Billion during 2024, according to the United Nations COMTRADE database on international trade. China Imports from Canada of Crude Oil - data, historical chart and statistics - was last updated on July of 2025.

Key information about China Crude Oil: Imports

• China Crude Oil: Imports was reported at 11,308.860 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 10,187.048 Barrel/Day th for Dec 2022
• China Crude Oil: Imports data is updated yearly, averaging 1,400.537 Barrel/Day th from Dec 1980 to 2023, with 44 observations
• The data reached an all-time high of 11,308.860 Barrel/Day th in 2023 and a record low of 1.404 Barrel/Day th in 1981
• China Crude Oil: Imports data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Imports

China Export hs: Canada: Animal or Vegetable Fat & Oil & their Cleavage Product; Prepared Edible Fat; Animal or Vegetable Wax data was reported at 1.187 USD mn in Oct 2018. This records an increase from the previous number of 1.119 USD mn for Sep 2018. China Export hs: Canada: Animal or Vegetable Fat & Oil & their Cleavage Product; Prepared Edible Fat; Animal or Vegetable Wax data is updated monthly, averaging 0.671 USD mn from Jan 2001 (Median) to Oct 2018, with 214 observations. The data reached an all-time high of 7.600 USD mn in Oct 2015 and a record low of 0.004 USD mn in Jun 2002. China Export hs: Canada: Animal or Vegetable Fat & Oil & their Cleavage Product; Prepared Edible Fat; Animal or Vegetable Wax data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JA: USD: Trade by HS Classification: North America: Canada.

China Import: Crude Petroleum Oil: North America: Canada data was reported at 76,290.531 Ton in Mar 2018. This records an increase from the previous number of 35,161.511 Ton for Feb 2018. China Import: Crude Petroleum Oil: North America: Canada data is updated monthly, averaging 0.000 Ton from Jan 2008 (Median) to Mar 2018, with 123 observations. The data reached an all-time high of 165,286.978 Ton in May 2012 and a record low of 0.000 Ton in Jan 2018. China Import: Crude Petroleum Oil: North America: Canada data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JL: Import by Country: Crude Petroleum Oil: Quantity.

China Export: Crude Petroleum Oil: North America: Canada data was reported at 0.000 USD th in Mar 2018. This stayed constant from the previous number of 0.000 USD th for Feb 2018. China Export: Crude Petroleum Oil: North America: Canada data is updated monthly, averaging 0.000 USD th from Jan 2008 (Median) to Mar 2018, with 123 observations. China Export: Crude Petroleum Oil: North America: Canada data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JL: Export by Country: Crude Petroleum Oil: Value.

China Imports from Canada of Bitumen and Asphalt (Natural), Bituminous or Oil Shale, Tar Sands was US$9.95 Million during 2024, according to the United Nations COMTRADE database on international trade.

Canada Imports from China of Crude Oil was US$338 during 2024, according to the United Nations COMTRADE database on international trade. Canada Imports from China of Crude Oil - data, historical chart and statistics - was last updated on June of 2025.

China Import hs: Canada: MP: Mineral Fuel, Oil & Product of Their Distillation; Bituminous Substance; Mineral Wax data was reported at 140.575 USD mn in Oct 2018. This records an increase from the previous number of 120.136 USD mn for Sep 2018. China Import hs: Canada: MP: Mineral Fuel, Oil & Product of Their Distillation; Bituminous Substance; Mineral Wax data is updated monthly, averaging 7.368 USD mn from Jan 1993 (Median) to Oct 2018, with 310 observations. The data reached an all-time high of 293.208 USD mn in Apr 2013 and a record low of 0.000 USD mn in Jan 1994. China Import hs: Canada: MP: Mineral Fuel, Oil & Product of Their Distillation; Bituminous Substance; Mineral Wax data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under Global Database’s China – Table CN.JA: USD: Trade by HS Classification: North America: Canada.

China Imports from Canada of Olive-residue oil and blends not chemically modified was US$2.96 Thousand during 2019, according to the United Nations COMTRADE database on international trade. China Imports from Canada of Olive-residue oil and blends not chemically modified - data, historical chart and statistics - was last updated on July of 2025.

Key information about Canada Total Exports to China

• Canada Total Exports to China recorded 2.133 USD bn in Jan 2025, compared with 1.594 USD bn in the previous month
• Canada Total Exports to China data is updated monthly, available from Jan 1997 to Jan 2025, with an averaged value of 1.257 USD bn
• The data reached an all-time high of 2.517 USD bn in Oct 2022 and a record low of 91.099 USD mn in Aug 1998

China Export hs: Canada: MP: Mineral Fuel, Oil & Product of Their Distillation; Bituminous Substance; Mineral Wax data was reported at 20.999 USD mn in Jun 2018. This records an increase from the previous number of 13.000 USD mn for May 2018. China Export hs: Canada: MP: Mineral Fuel, Oil & Product of Their Distillation; Bituminous Substance; Mineral Wax data is updated monthly, averaging 8.477 USD mn from Jan 2001 (Median) to Jun 2018, with 210 observations. The data reached an all-time high of 82.316 USD mn in Jul 2010 and a record low of 0.000 USD mn in Jun 2002. China Export hs: Canada: MP: Mineral Fuel, Oil & Product of Their Distillation; Bituminous Substance; Mineral Wax data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JA: Trade by HS Classification: North America: Canada.

In 2024, Canada exported about *****million barrels of oil per day, an increase of nearly ****percent in comparison to the previous year and the highest recorded value within the period of consideration.

China Imports from Canada of Olive oil and its fractions, not chemically modified was US$12.85 Thousand during 2024, according to the United Nations COMTRADE database on international trade. China Imports from Canada of Olive oil and its fractions, not chemically modified - data, historical chart and statistics - was last updated on July of 2025.

In April 2025, the average monthly price of the Canadian oil benchmark Western Canadian Select amounted to ***** U.S. dollars per barrel. This was a decrease compared to the previous month. Western Canadian Select is a heavy sour blend of crude oil, produced exclusively in Western Canada. The importance of Canada’s oil sands Not only are the oil sands a vital part of the Canadian energy industry, they play a large part in the national economy as well. In 2023, the oil sands extraction industry contributed over ** billion Canadian dollars to Canada's GDP. This represented a share of **** percent of the total GDP. Furthermore, they are the largest single source of oil exports to their neighbors to the south, the United States. Oil sands are a combination of sand, water, and bitumen, and therefore a more expensive source of crude oil than conventional oil as oil sands require extensive processing. Meanwhile, that same year the contribution of conventional crude oil and gas extraction stood at ** billion Canadian dollars, which translated to **** percent of total GDP. Canada’s main oil export partner remains the U.S. In 2023, Canada’s oil exports amounted to over *** million barrels per day. This was a historical high and represented more than twice the amount exported in 2005 thanks to oil sand exploration. The United States is Canada’s main oil destination market, receiving ***** million metric tons in 2023. Far in second place came China, with *** million metric tons exported there that same year.

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Canola Oil Market Size 2025-2029

The canola oil market size is forecast to increase by USD 6.91 billion, at a CAGR of 3.3% between 2024 and 2029.

The market is driven by the increasing awareness of the health benefits associated with this versatile oil. Rich in monounsaturated and polyunsaturated fats, canola oil is a preferred choice for health-conscious consumers, leading to its growing demand in the food industry. Furthermore, the utilization of canola oil extends beyond the culinary sphere, with its application in plasticizers and adhesives industries. However, the market faces challenges from the rising popularity of substitute oils, such as olive oil and coconut oil, which are also promoted for their health benefits.
Companies in the market must navigate this competitive landscape by focusing on product innovation, cost competitiveness, and effective marketing strategies to maintain their market share. Additionally, ensuring sustainable sourcing and production practices can help bolster brand reputation and consumer trust, providing a strategic advantage in the market.

What will be the Size of the Canola Oil Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, shaped by dynamic market dynamics and various applications across multiple sectors. Canola oil production is a significant contributor to the market, with ongoing efforts in crop breeding and yield optimization driving growth. Simultaneously, biodiesel production from canola oil is gaining traction as a renewable energy source, adding to the market's complexity. The food service industry and retail distribution sectors are major consumers of canola oil, with competition from various edible oils and changing consumer preferences influencing market trends. The competition landscape is diverse, with players focusing on product differentiation through omega-3 fatty acid content, non-GMO and organic offerings, and sustainable agriculture practices.

Oilseed byproducts, such as canola meal, have additional value in animal feed and fertilizer industries, further impacting market dynamics. New technologies, including improved crushing technology and refining methods, are shaping the market, while sustainability concerns and environmental impact assessments influence pricing trends. The fatty acid profile and health benefits of canola oil, including heart health and disease resistance, continue to drive demand. Culinary applications, from salad dressings to frying oil, expand the market's reach. Sustainable agriculture practices, pest control methods, and packaging formats are essential considerations for market players, ensuring a continuous focus on innovation and adaptation. The global production of canola oil is subject to market volatility and supply chain management challenges, with regional production patterns and transportation logistics influencing pricing and availability.

As consumer dietary habits shift, market dynamics will continue to evolve, requiring agility and strategic planning from industry participants.

How is this Canola Oil Industry segmented?

The canola oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Conventional
  Organic


Application

  Cooking
  Industrial


Product Type

  Processed
  Virgin
  Cold-pressed
  Extracted


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Russia
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The conventional segment is estimated to witness significant growth during the forecast period.

Canola oil, derived from genetically modified rapeseed, undergoes solvent extraction using hexane for oil separation. This process contrasts with pressing techniques used for other oils. The extracted oil then undergoes refining, bleaching, and deodorization (RBD) for commercial production. The affordability and widespread availability of conventional canola oil contribute to its popularity among consumers, despite its inability to be certified organic. Crop breeding and yield optimization have significantly increased canola oil production, making it a leading vegetable oil in the global market. The oil's health benefits, including heart health, disease resistance, and a favorable fatty acid profile, contribute to its widespread use in various industries.

Food service, retail distribution, and the production of biodiesel are significant sectors for canola oil consumption. Environmental concerns, such as carbon footprint and land use, have led to the development of

China Imports from Canada of Turpentine Oil, Other Terpenic Oils, Dipentene, Para-cymene, Pin-oil was US$509 during 2014, according to the United Nations COMTRADE database on international trade. China Imports from Canada of Turpentine Oil, Other Terpenic Oils, Dipentene, Para-cymene, Pin-oil - data, historical chart and statistics - was last updated on May of 2025.

China’s National Oil Companies (NOCs) have been increasing investments in unconventional oil and gas projects in the US and Canada since 2009. So far, China’s NOCs have made a total investment of about $12.4 billion in North America’s unconventional oil and gas projects. The investments are driven by China’s will to gain energy security amidst its increasing dependence on oil and gas imports. Besides this, Chinese companies are also striving to gain the technology needed to develop their domestic unconventional oil and gas resources. Read More

China Export: Petroleum Product: North America: Canada data was reported at 11,983.206 Ton in Mar 2018. This records a decrease from the previous number of 12,795.545 Ton for Feb 2018. China Export: Petroleum Product: North America: Canada data is updated monthly, averaging 10,352.578 Ton from Jan 2008 (Median) to Mar 2018, with 123 observations. The data reached an all-time high of 117,143.255 Ton in Mar 2017 and a record low of 1,729.747 Ton in Nov 2011. China Export: Petroleum Product: North America: Canada data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JL: Export by Country: Refined Petroleum Product: Quantity.