Canada Imports from China of Tall Oil, whether or not refined was US$1 during 2024, according to the United Nations COMTRADE database on international trade. Canada Imports from China of Tall Oil, whether or not refined - data, historical chart and statistics - was last updated on April of 2025.

Canada Imports from China of Soybean oil and its fractions, not chemically modified was US$486.19 Thousand during 2024, according to the United Nations COMTRADE database on international trade. Canada Imports from China of Soybean oil and its fractions, not chemically modified - data, historical chart and statistics - was last updated on May of 2025.

Canada Imports from China was US$64.01 Billion during 2024, according to the United Nations COMTRADE database on international trade. Canada Imports from China - data, historical chart and statistics - was last updated on June of 2025.

In 2023, Canada exported about 4.84 million barrels of oil per day, an increase of nearly 3.4 percent in comparison to the previous year and the highest recorded value within the period of consideration.

Canada Imports from China of Rapeseed, colza or mustard oil, not chemically modified was US$39.41 Thousand during 2024, according to the United Nations COMTRADE database on international trade. Canada Imports from China of Rapeseed, colza or mustard oil, not chemically modified - data, historical chart and statistics - was last updated on May of 2025.

In April 2025, the average monthly price of the Urals crude oil, Russia's major export oil brand, was approximately **** U.S. dollars per barrel, having decreased from the previous month. In 2020, the price of the Urals experienced a considerable decrease at the beginning of the year due to the coronavirus (COVID-19) pandemic, dropping to as low as **** U.S. dollars per barrel in April. What is the purpose of the Russian oil price cap? In early December 2022, the G7 (Canada, France, Germany, Italy, Japan, United Kingdom (UK), and the United States), the European Union (EU), and Australia formed the Price Cap Coalition and imposed a price cap of 60 U.S. dollars per barrel on oil originating in Russia. The aim of the price ceiling is to decrease Russia’s earnings from oil exports and thereby limit the Russian government’s budget to finance the war in Ukraine. At the same time, the cap is meant to ensure that Russia continues to supply oil to emerging economies, though at a discounted price. With the cap in place, Russia cannot sell oil at a higher price even to third countries if the oil tankers are financed or insured by members of the Price Cap Coalition. In early February 2023, a price cap of 100 U.S. dollars per barrel was imposed on Russian refined oil products. Global dependence on Russian oil China was Russia’s leading crude oil export destination, with the value of exports measured at nearly **** billion U.S. dollars in 2021. In physical terms, Russia supplied around *** million metric tons of crude oil to China in 2024, being the leading crude oil import origin in the country ahead of Saudi Arabia. Furthermore, European countries were major consumers of Russian oil prior to the war in Ukraine. For instance, Russia accounted for over ** percent of oil and petroleum products imported into Slovakia in 2020. To compare, the dependence rate stood at nearly ** percent in Lithuania, ** percent in Germany, and ** percent in the UK.

Canada Imports from China of Petroleum Oils, Oils Obtained from Bituminous Minerals was US$125.52 Million during 2024, according to the United Nations COMTRADE database on international trade. Canada Imports from China of Petroleum Oils, Oils Obtained from Bituminous Minerals - data, historical chart and statistics - was last updated on June of 2025.

Canada Imports from China of Flour and meal of oil seed and olea fruit (no mustard) was US$1.08 Million during 2024, according to the United Nations COMTRADE database on international trade. Canada Imports from China of Flour and meal of oil seed and olea fruit (no mustard) - data, historical chart and statistics - was last updated on May of 2025.

The Metal Tank Manufacturing industry in Canada has performed unevenly, as long-term challenges from import competition and downstream disruptions produced unstable conditions. The pandemic cratered industrial activity, temporarily deteriorating spending from petroleum and construction markets. Although much of the industry’s client base quickly recovered, commodity prices soared as inflation spiked in recent years, challenging domestic manufacturers who contend with cost-effective imports from both the United States and China. As a result, industry revenue is forecast to decline at a CAGR of 4.2% to $1.3 billion over the five years to 2024, including a drop of 10.8% in 2024. Canadian metal tank producers have contended with high levels of import competition for decades. US manufacturers, which account for most metal tank imports, have been able to leverage their economies of scale, expertise and resources gained from operating in the US market to outcompete Canadian producers. Imports have risen steadily as a share of domestic demand, climbing to more than 35.0% in 2024 from 25.0% five years prior. Nonetheless, because many metal tanks are fabricated and installed on location, imports have been unable to completely displace domestic manufacturing. Still, the profit pressures engendered by lower-cost imports, especially as China has captured a larger share of the domestic market, have forced some manufacturers to close shop. The industry is cautiously poised for growth as climbing crop, oil, industrial and chemical production will expand spending on metal tanks. In particular, manufacturers will continue to find global export destinations, as a growing global population will increase the need for better oil and crop storage solutions, including metal tanks. Consequently, industry revenue is forecast to increase at a CAGR of 0.7% to $1.2 billion over the next five years. However, the industry will remain challenged by a changing marketplace. While plastic and composite material tanks will pose a competitive threat, import competition will continue to rise. Even more troubling for the industry may be the incoming Trump Administration, which has threatened to impose 25% tariffs on Canadian products. The imposition of duties in manufacturers’ primary export market could pose a monumental challenge to the Canadian industry.

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LNG Infrastructure Market Size 2024-2028

The LNG infrastructure market size is forecast to increase by USD 4.67 billion at a CAGR of 6% between 2023 and 2028.

The market is experiencing significant growth due to several key trends. The increasing demand for cleaner fuels is driving the market, as LNG is a cleaner alternative to traditional fossil fuels. Additionally, the growing demand for LNG bunkering, particularly In the maritime industry, is providing a boost to the market. The power sector is a major consumer of LNG, with the construction of new liquefaction and regasification terminals, including floating LNG terminals, driving the infrastructure market's expansion. Another factor influencing the market is the fluctuations in global oil and gas prices, which can impact the profitability of LNG projects. As the world transitions to cleaner energy sources and the maritime industry seeks to reduce its carbon footprint, the demand for LNG infrastructure is expected to continue growing. These trends are shaping the future of the market and presenting both opportunities and challenges for market participants.

What will be the Size of the LNG Infrastructure Market During the Forecast Period?

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The market In the US is experiencing significant growth as natural gas continues to emerge as a sustainable alternative to coal and oil in power generation. With increasing focus on reducing carbon footprint and embracing cleaner energy sources, LNG is gaining popularity due to its lower emissions and fewer pollutants compared to traditional fossil fuels. LNG is particularly beneficial for marine vessels and heavy-duty vehicles, contributing to a reduction in sulfur oxides and other harmful emissions.
Moreover, natural gas imports via LNG are expected to increase as the US seeks to diversify its energy sources and reduce reliance on traditional energy sources such as coal and oil. The market encompasses various terminal types, including liquefaction, regasification, and import facilities, and is expected to continue its growth trajectory as the world transitions towards a cleaner environment and alternative energy sources such as renewable technology, nuclear energy, and natural gas consumption become increasingly prominent.

How is this LNG Infrastructure Industry segmented and which is the largest segment?

The LNG infrastructure industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Liquefaction terminal
  Regasification terminal


Geography

  North America

    Canada
    US


  APAC

    China
    India
    Japan


  Europe

    Germany


  Middle East and Africa



  South America

    Brazil

By Type Insights

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

LNG infrastructure, specifically liquefaction terminals, plays a crucial role In the LNG supply chain. Upon arrival at these facilities, LNG tankers are secured and unloaded via articulated arms, transferring the gas to terminal storage tanks through thermostable pipes. Boil-off gas is returned to the tanker to maintain cargo pressure. The growth of this segment is driven by the increasing production of LNG and the shift towards cleaner fuels. New liquefaction terminal construction is anticipated to fuel expansion during the forecast period. Air pollution, including emissions of sulfur oxides and nitrogen oxides, as well as climate change concerns related to carbon-intensive fuels, underscore the importance of infrastructure projects that facilitate the use of LNG as a cleaner alternative.

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The Liquefaction terminal segment was valued at USD 8.75 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 42% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The US natural gas market has experienced significant growth due to the shift from coal to gas In the power generation sector and competitive pricing for industrial applications. The shale revolution, particularly In the Marcellus and Utica basins, has contributed to increased US production, accounting for 40% of global output growth in 2022, according to the IEA. This production growth has led to an increased demand for LNG infrastructure, including liquefaction and regasification terminals, as well as floating LNG terminals for imports.

Canada Imports from China of Animal fat, oil and fraction not specified elsewhere and not chemically modified was US$461.72 Thousand during 2024, according to the United Nations COMTRADE database on international trade.

Canada Imports from China of Petroleum Jelly, Paraffin Wax, Other Mineral Waxes was US$3.38 Million during 2024, according to the United Nations COMTRADE database on international trade. Canada Imports from China of Petroleum Jelly, Paraffin Wax, Other Mineral Waxes - data, historical chart and statistics - was last updated on April of 2025.

Canada Imports from China of Oil-cake, Solid Residues Resulting from Extraction of Soya-bean Oil was US$965.2 Thousand during 2024, according to the United Nations COMTRADE database on international trade.

Canada Imports from China of Petroleum Gases, Other Gaseous Hydrocarbons was US$1.01 Million during 2024, according to the United Nations COMTRADE database on international trade. Canada Imports from China of Petroleum Gases, Other Gaseous Hydrocarbons - data, historical chart and statistics - was last updated on April of 2025.

Canada Imports from China of Margarine, edible mixtures or preparations of animal or vegetable fats and oils was US$1.54 Million during 2024, according to the United Nations COMTRADE database on international trade.

Canada Imports from China of Residual Lyes from the Manufacture of Wood Pulp was US$46.47 Thousand during 2024, according to the United Nations COMTRADE database on international trade. Canada Imports from China of Residual Lyes from the Manufacture of Wood Pulp - data, historical chart and statistics - was last updated on June of 2025.

The United States was the world’s leading exporter of natural gas in 2023, exporting 89.1 billion cubic meters of gas via pipelines and 114.4 billion cubic meters of liquefied natural gas (LNG). Russia was the second-largest natural gas exporter globally, followed by Qatar and Norway. Pipeline vs LNG exports Among other top natural gas exporters, Canada is one of only two countries relying exclusively on pipelines. Pipelines are considered the safest means of transporting gaseous fuels, however, their use is often limited to shorter distances over land. As such, the United States is Canada's only direct trading partner for natural gas. Pipelines are also the most common form of moving gas across the European continent, with the majority of Russian natural gas exports ending in European consumer markets. LNG on the other hand is mostly used in inter-continental exports to destinations far removed from large-scale producing sites. Japan, China, and South Korea make up more than half of the LNG import market share worldwide. Natural gas liquefaction When pipeline transport is not feasible, natural gas is liquified to be transported over long distances. During this process, natural gas is cooled down to minus 160 degrees Celsius, which results in a reduction of its volume by around 600-fold. Natural gas was first transported in its liquid stage in the late 1950s. In 2023, the United States was the country with the largest operating LNG export capacity worldwide, Australia came in second place. Also, the country with the leading LNG export capacity under development was United States.

Canada's total Exports in 2024 were valued at US$568.23 Billion, according to the United Nations COMTRADE database on international trade. Canada's main export partners were: the United States, China and the United Kingdom. The top three export commodities were: Mineral fuels, oils, distillation products; Vehicles other than railway, tramway and Machinery, nuclear reactors, boilers. Total Imports were valued at US$554.12 Billion. In 2024, Canada had a trade surplus of US$14.12 Billion.