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World - Oil Crops - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

World - Oil Crops - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Dec 27, 2023

World's Top Import Markets for Oil Crops

Oil crops play a vital role in the global economy, serving as a major source of edible oils, biofuels, and essential ingredients for various industries. As the demand for these commodities continues to rise, it is crucial to identify the biggest import markets for oil crops around the world. According to data from the IndexBox market intelligence platform, the following countries stand out as the world's top import markets for oil crops:

1. China

China leads the pack with an impressive import value of $65.8 billion in 2022. This comes as no surprise considering the country's large population and significant oil consumption. China heavily relies on imported oil crops to meet its domestic demand for edible oils and animal feed. The country's thriving food industry and expanding biofuel sector also contribute to its substantial imports.

2. Germany

Germany secures the second spot with an import value of $7.4 billion in 2022. As one of the largest economies in Europe and a key player in the food processing industry, Germany heavily relies on imported oil crops to produce a wide range of food products, including cooking oils, margarine, and spreads. The country's high per capita consumption and strong demand for biofuels also contribute to its significant imports.

3. Turkey

Turkey ranks third in terms of import value, with $6.3 billion in 2022. The country's growing population and expanding food industry necessitate substantial imports of oil crops. Turkey relies on imported oilseeds and oils to produce a variety of traditional dishes, alongside confectionery products and cooking oils. Additionally, the country's biodiesel sector fuels the demand for oil crops for biofuel production.

4. Japan

Japan occupies the fourth position with an import value of $4.9 billion in 2022. Despite having limited agricultural land, Japan heavily depends on imported oil crops to meet its growing demand for vegetable oils. The country's vibrant food sector, driven by a preference for healthy cooking oils, drives the significant oil crop imports. Additionally, Japan's efforts to promote biofuels further contribute to its import market.

5. Netherlands

The Netherlands secures the fifth spot with an import value of $4.5 billion in 2022. As one of the largest global traders of agricultural products, the Netherlands serves as a vital hub for the import and re-export of oil crops. The country's advanced food processing industry, coupled with its strategic location and efficient logistics infrastructure, make it an ideal destination for oil crop imports.

6. Mexico

Mexico ranks sixth on the list, with an import value of $3.4 billion in 2022. The country's extensive food industry and high consumption of edible oils drive its significant demand for oil crops. Mexico relies on imported oilseeds, particularly soybeans, to produce cooking oils, margarine, and processed food products. Furthermore, Mexico's biodiesel sector contributes to its import market.

7. Spain

Spain holds the seventh position with an import value of $2.8 billion in 2022. The country's robust food processing sector and Mediterranean cuisine culture necessitate substantial imports of oil crops. Spain relies on imported olive oil, sunflower oil, and soybean oil to meet the demand for cooking oils, as well as to produce a diverse range of traditional dishes and processed food products.

8. Belgium

Belgium ranks eighth with an import value of $2.7 billion in 2022. As a major player in the food processing industry, Belgium relies on imported oil crops to meet the demand for cooking oils, margarine, and bakery products. The country's strategic location within Europe enhances its role as a distribution hub for oil crop imports in the region.

9. Egypt

Egypt occupies the ninth position with an import value of $2.3 billion in 2022. The country's large population and rich culinary traditions fuel the demand for imported oil crops. Egypt heavily relies on imported edible oils, particularly sunflower oil and soybean oil, for cooking purposes and the production of traditional dishes such as falafel and tahini.

10. Argentina

Argentina wraps up the list with an import value of $2.1 billion in 2022. Despite being a major global producer and exporter of oil crops, Argentina also imports a significant quantity to meet domestic demand. The country's growing food processing industry, along with its expanding biodiesel sector, drives the demand for imported oil crops.

By analyzing the import values of oil crops in these top markets, we can observe the significant reliance on imported oilseeds and oils to meet the demand for cooking oils, food products, and biofuels. Factors such as population size, economic strength, culinary traditions, and the development of the biofuel industry influence the import marketsdynamics.

Understanding these global import markets for oil crops is crucial for agricultural producers, traders, and policymakers alike. It enables them to identify new business opportunities, optimize supply chains, and make informed decisions based on market trends and demand.

The IndexBox market intelligence platform provides valuable insights and key statistics for various industries, including oil crops. Utilizing this platform allows stakeholders to access comprehensive and up-to-date data, facilitating accurate market analysis and informed decision-making.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global oil crops market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 249 - Coconuts
  • FCL 236 - Soybeans
  • FCL 242 - Groundnuts, in shell
  • FCL 333 - Linseed
  • FCL 270 - Rapeseed or colza seed
  • FCL 267 - Sunflower seed
  • FCL 289 - Sesame seed
  • FCL 292 - Mustard seed
  • FCL 296 - Poppy seed
  • FCL 265 - Castor Beans
  • FCL 336 - Hempseed
  • FCL 277 - Jojoba Seeds
  • FCL 310 - Kapok fruit
  • FCL 263 - Karite Nuts (Sheanuts)
  • FCL 299 - Melonseed
  • FCL 254 - [Oil palm fruit]
  • FCL 339 - Oilseeds nes
  • FCL 280 - Safflower seed
  • FCL 305 - Tallowtree Seeds
  • FCL 275 - Tung Nuts
  • FCL 311 - Kapokseed in shell
  • FCL 312 - Kapokseed, shelled
  • FCL 329 - Cottonseed

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Harvested Area, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Area Harvested, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Harvested Area, By Country, 2023
    25. Harvested Area, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

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