Linseed oil-cake market in Canada

Earlier Report Observations

From 2018 to 2024, the Canadian linseed oil-cake market contracted significantly, with the sharpest drop occurring in 2019 when production fell from 34 300 t to 22 285 t and market volume declined from 33 815 t to 20 887 t. The COVID-19 pandemic in 2020 impacted economic activity across industries, though linseed oil-cake production saw a temporary rebound that year.

In 2022, rising demand for oilseed-based products due to increased use of vegetable oil for biofuels and renewable diesel in North America, along with investments in new oilseed crushing plants in Canada, provided underlying support for the sector. However, growing exports, which reached 6 350 t in 2022, reduced domestic availability, contributing to a lower internal market volume of 18 615 t.

By 2024, the elimination of tariffs on Canadian oilseed exports to South Korea and diversification of export markets to the U.S., Australia, and Europe further stimulated overseas shipments, which climbed to 8 828 t. Concurrently, sustained demand for renewable diesel and biofuels continued to influence the oilseed processing industry, helping to maintain production and consumption at a stable but reduced level.

Production linseed oil-cake in Canada

In kind, 2017-2020, t

Globally, Canada ranked as the 12th largest producer of linseed oil-cake from 2017 to 2020.

Top producers of linseed oil-cake, 2017-2020

World map of production of linseed oil-cake, 2017-2020

In 2020, Canada produced 26 217 tonnes of linseed oil-cake, marking a 17.6% increase from the previous year. However, over the 2017-2020 period, production fell by 20.6%, with an average annual decline of 7.4%. The lowest production was in 2019 at 22 285 tonnes, while the peak occurred in 2018 with 34 300 tonnes. The most significant drop was in 2019, when production plunged by 35.0%.

Annual dynamics of production in Canada in kind, 2017-2020, t

In value, 2017-2020, K $ US

In 2020, the value of linseed oil-cake production in Canada reached 13 127 thousand US dollars, showing a modest 3.9% rise compared to 2019. Over the 2017-2020 span, production value decreased by 31.6%, averaging an 11.9% annual decline. The lowest value was recorded in 2019 at 12 633 thousand US dollars, while the highest was in 2018 at 20 522 thousand US dollars. The sharpest decline happened in 2019 with a 38.4% drop, whereas the largest increase was in 2018 at 6.9%.

Annual dynamics of production in Canada in value, 2017-2020, K $ US

Exports linseed oil-cake from Canada

Exports in kind, t

In 2020, Canada exported 5 614 tonnes of linseed oil-cake, reflecting a sharp 32.7% year-over-year increase. From 2017 to 2020, exports grew by 28.8%, with an average annual growth rate of 8.8%. The lowest export volume was in 2019 at 4 229 tonnes, and the largest decline that year was 5.7%.

Annual dynamics of product's exports from Canada in kind, 2017-2020, t

From 2017 to 2020, the United States dominated Canada's linseed oil-cake exports in kind, accounting for 86.8% of total shipments, while other markets played a smaller role.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Canada in kind, 2017-2020

Exports in value, K $ US

In 2020, Canada's linseed oil-cake exports were valued at 2 811 thousand US dollars, showing a robust 17.2% rise compared to 2019. Between 2017 and 2020, export value increased by 10.9%, equivalent to an annualized growth rate of 3.5%. The lowest value was in 2019 at 2 397 thousand US dollars, with the largest decline that year at 10.7%.

Annual dynamics of product's exports from Canada in value, 2017-2020, K $ US

From 2017 to 2020, the United States accounted for nearly all of Canada's linseed oil-cake export value, with a share of 94.7% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Canada in value, 2017-2020

Imports linseed oil-cake to Canada

Imports in kind, t

Linseed oil-cake imports into Canada declined for the third consecutive year. In 2020, imports totaled 1 226 tonnes, which is 13.9% lower year-over-year. Over the 2017-2020 period, imports decreased by 41.5%, with an average annual decline of 16.4%.

Annual dynamics of product's imports to Canada in kind, 2017-2020, t

From 2017 to 2020, the United States and China together accounted for 81.1% of Canada's linseed oil-cake imports in kind, with the remaining volume distributed among smaller markets.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Canada in kind, 2017-2020

Imports in value, K $ US

Canada's linseed oil-cake import value declined for the third year in a row. In 2020, imports amounted to 1 226 thousand US dollars, down 6.7% from the previous year. Between 2017 and 2020, import value fell by 33.7%, equating to an annualized decline of 12.8%.

Annual dynamics of product's imports to Canada in value, 2017-2020, K $ US

From 2017 to 2020, the three largest markets for Canada's linseed oil-cake imports in value terms were China, the United States, and India, collectively representing 86.6% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Canada in value, 2017-2020