Crude Palm Oil Market Overview in Canada
In value terms, crude palm oil production surged to $ in 2019 estimated in export prices. Overall, production continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by % year-to-year. Crude palm oil production peaked in 2019 and is likely to continue growth in the near future.
The size of the crude palm oil market in Canada dropped to $ in 2019, declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of % against the previous year. Over the period under review, the market hit record highs at $ in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.