Import Olive Oil To Canada 2026 Market Overview & Trends

Unlocking Opportunities in Import Olive Oil To Canada Market: Trends, Strategies, and Growth Insights

$420.9 m

Market Size

50.2 m Kg

Import Volume

Azerbaijan

Key Trading Partner

~19.65%

Market Growth Rate

Olive Oil Market Overview in Canada

AI Insight

Canada's olive oil market is experiencing a significant value-driven expansion, with import values reaching $420.8M in 2024 despite declining volumes. This indicates a sharp rise in unit prices and a shift toward premium segments. Spain, Italy, and Tunisia dominate the supply chain, collectively providing the bulk of imports. With a strong 19.65% growth rate and emerging partners like Azerbaijan entering the fray, the market remains highly lucrative. Extra virgin varieties remain the primary driver, reflecting high consumer quality standards.

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5-Year Import Volume

AI Insight

Canada's olive oil import value has surged significantly, doubling from $205.3M in 2020 to $420.8M in 2024.
Interestingly, total quantity decreased from 61.5M to 50.2M units in the same period, indicating a substantial rise in unit prices and a shift toward higher-value products over the last five years.

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Top 5 Supplier Countries

Spain

32.13%

Italy

29.34%

Tunisia

29.25%

Greece

5.56%

Turkey (Turkiye)

3.72%

AI Insight

Spain leads the Canadian market with exports valued at $125.3M in 2024.
However, the competition is fierce as Italy ($114.5M) and Tunisia ($114.1M) are nearly tied for the second-largest share, together dominating the majority of Canada's olive oil supply landscape.

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Import Growth Analysis

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19.6%Annual Growth

AI Insight

The market demonstrates a robust 19.65% growth rate.
This strong double-digit expansion reflects increasing consumer demand and a healthy trajectory for the olive oil sector in Canada, making it an attractive destination for international trade partners.

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Emerging Supply Markets

AI Insight

Azerbaijan is the standout emerging partner, showing an explosive growth rate of 211.2%.
While established suppliers like Tunisia and Greece show steady growth, the rapid rise of Azerbaijan indicates a significant diversification in Canada's sourcing strategy for olive oil.

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Related Products You May Import

AI Insight

The market is heavily dominated by extra virgin olive oil (HS 150910), which accounts for $353.2M in import value.
Refined and other olive oil fractions (HS 150990) represent a smaller segment at $67.5M, highlighting a clear Canadian consumer preference for premium, minimally processed varieties.

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Olive Oil Import Requirements in Canada

Before Shipment

1. Obtain CFIA Safe Food for Canadians license. 2. Ensure bilingual labeling compliance. 3. Establish a Preventive Control Plan. 4. Verify olive oil purity and grade standards. 5. Secure phytosanitary certificates if required based on the country of origin.

Documentation Required

1. Commercial Invoice. 2. Bill of Lading or Air Waybill. 3. Canada Customs Invoice (CI1) for high-value shipments. 4. Certificate of Origin to claim preferential tariffs. 5. Detailed Packing List for customs inspection.

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Olive Oil Imports and Free Trade Agreements in Canada

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Canada-United States-Mexico Agreement (CUSMA)
Canada-European Union Comprehensive Economic and Trade Agreement (CETA)
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
Canada-UK Trade Continuity Agreement
Canada-Korea Free Trade Agreement

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