Market research

Soybean oilcake market in Canada

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The Canadian soybean oilcake market volume fluctuated between 2 162 and 2 389 thousand tons from 2018 to 2023. After a stable 2019 at 2 199 thousand tons, the market expanded to 2 389 thousand tons in 2020, then contracted to 2 162 thousand tons in 2021 before recovering to 2 305 thousand tons in 2022.

The market reached 2 376 thousand tons in 2023, supported by a sharp drop in exports to 113 thousand tons from 353 thousand tons the previous year. This was likely influenced by logistical constraints such as the seasonal closure of the St. Lawrence Seaway, a key export route. Additionally, increased domestic soybean production in Canada boosted soybean stocks, indicating stronger underlying supply capacity for oilcake processing.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Canada
  1. 5.1.1. Annual dynamics of production in Canada in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Canada in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's exports from Canada in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's exports in kind from Canada by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Canada in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Canada by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Canada, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Canada by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's exports from Canada in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's exports in kind from Canada by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Canada in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Canada by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Canada, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Canada by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's imports to Canada in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's imports in kind to Canada by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Canada in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Canada by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Canada, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Canada by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's imports to Canada in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's imports in kind to Canada by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Canada in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Canada by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Canada, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Canada by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production soybean oilcake in Canada

In kind, 2017-2020, K t

Globally, Canada ranked as the 18th largest producer of soybean oilcake from 2017 to 2020.

Top producers of soybean oilcake, 2017-2020

Source: SHEV.io

World map of production of soybean oilcake, 2017-2020

Source: SHEV.io

Canada's soybean oilcake production declined for the second year in a row. In 2020, the country produced 1 364 thousand tonnes, marking a significant drop of 10.3% compared to the previous year. Over the 2017-2020 period, production fell by 3.5%, with an average annual decrease of 1.2%. The highest production level was recorded in 2018 at 1 605 thousand tonnes, which also saw the largest increase of 13.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	13.6%	(5.3%)	(10.3%)	(1.2%)

Source: SHEV.io

Exports soybean oilcake from Canada

Exports in kind, K t

The export data shows irregular fluctuations, pointing to a volatile market. Exports reached their lowest point in 2020 at 108 thousand tonnes, which was 64.3% lower than the previous year. In contrast, the peak occurred in 2018 with 398 thousand tonnes, representing a 93.7% increase. Overall, there was a 3.7-fold difference between the highest and lowest export volumes during this period.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	93.7%	(24.3%)	(64.3%)	(19.4%)

Source: SHEV.io

From 2017 to 2020, the United States and Ireland were the primary destinations for Canada's soybean oilcake exports in volume terms, together accounting for 87.1% of total shipments. The remaining share was distributed among other markets.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

Market behavior was marked by volatility during these years. Exports in value terms hit a low in 2017 and peaked in 2018, with a 1.8-fold fluctuation. In 2020, Canada exported 125.0 million US dollars worth of soybean oilcake, up 6.3% from 2019. The highest value was recorded in 2018 at 164.5 million US dollars, which also saw the largest increase of 76.8%. The largest decline occurred in 2019, dropping by 28.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	76.8%	(28.5%)	6.3%	10.3%

Source: SHEV.io

Between 2017 and 2020, the United States consistently dominated Canada's soybean oilcake exports in value terms, holding 70.9% of the total. This indicates a high concentration on the US market, while other countries shared the remainder.

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

Source: SHEV.io

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

Source: SHEV.io

Imports soybean oilcake to Canada

Imports in kind, K t

In 2020, Canada's imports of soybean oilcake totaled 1 132 thousand tonnes, rising 15.6% from the prior year. Over the 2017-2020 period, imports grew by 26.2%, with an average annual growth rate of 8.1%. The largest decline was recorded in 2019, decreasing by 2.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	11.9%	(2.4%)	15.6%	8.1%

Source: SHEV.io

From 2017 to 2020, the United States effectively monopolized Canada's soybean oilcake imports in volume terms, capturing 95.5% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

Canada imported approximately 419.2 million US dollars worth of soybean oilcake in 2020, an increase of 20.8% over the previous year. Over the 2017-2020 period, imports rose by 33.6%, with an average annual growth rate of 10.1%. The largest decline occurred in 2019, falling by 4.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	15.7%	(4.4%)	20.8%	10.1%

Source: SHEV.io

During 2017-2020, the United States accounted for nearly all of Canada's soybean oilcake imports in value terms, with a share of 92.2% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io