U.S. Soybean and Other Oilseed Market. Analysis and Forecast to 2030
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View PricingU.S.: Market for Soybean And Other Oilseed Processing 2024
Market Size for Soybean And Other Oilseed Processing in the U.S.
After two years of growth, the U.S. market for soybean and other oilseed processing decreased by X% to $X in 2023. The market value increased at an average annual rate of X% from 2013 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Soybean and other oilseed processing consumption peaked at $X in 2022, and then shrank in the following year.
Production of Soybean And Other Oilseed Processing in the U.S.
In value terms, soybean and other oilseed processing production shrank slightly to $X in 2023. The total output value increased at an average annual rate of X% over the period from 2013 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.
Exports of Soybean And Other Oilseed Processing
Exports from the U.S.
In 2023, overseas shipments of soybean and other oilseed processing were finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of X% from 2013 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, soybean and other oilseed processing exports rose to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2013 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked in 2023 and are likely to see steady growth in years to come.
Exports by Country
The Philippines (X tons), Mexico (X tons) and Canada (X tons) were the main destinations of soybean and other oilseed processing exports from the United States, with a combined X% share of total exports. Colombia, Ecuador, Venezuela, Guatemala, the Dominican Republic, Vietnam, Morocco, Honduras, Ireland and Japan lagged somewhat behind, together accounting for a further X%.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.
In value terms, the Philippines ($X), Canada ($X) and Mexico ($X) constituted the largest markets for soybean and other oilseed processing exported from the United States worldwide, together comprising X% of total exports. Colombia, Ecuador, Venezuela, Guatemala, the Dominican Republic, Vietnam, Morocco, Honduras, Ireland and Japan lagged somewhat behind, together comprising a further X%.
Colombia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the average export price for soybean and other oilseed processing amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price recorded a mild reduction. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Ecuador ($X per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Soybean And Other Oilseed Processing
Imports into the U.S.
In 2023, imports of soybean and other oilseed processing into the United States expanded sharply to X tons, surging by X% compared with the previous year. The total import volume increased at an average annual rate of X% over the period from 2013 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, soybean and other oilseed processing imports fell to $X in 2023. Over the period under review, imports showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2022, and then contracted in the following year.
Imports by Country
In 2023, Canada (X tons) constituted the largest soybean and other oilseed processing supplier to the United States, with a X% share of total imports. Moreover, soybean and other oilseed processing imports from Canada exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. The Philippines (X tons) ranked third in terms of total imports with a X% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and the Philippines (X% per year).
In value terms, Canada ($X) constituted the largest supplier of soybean and other oilseed processing to the United States, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Spain, with a X% share.
From 2013 to 2023, the average annual growth rate of value from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Spain (X% per year).
Import Prices by Country
The average import price for soybean and other oilseed processing stood at $X per ton in 2023, reducing by X% against the previous year. Overall, import price indicated a temperate expansion from 2013 to 2023: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, soybean and other oilseed processing import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2022, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for soybean and other oilseed processing in the U.S.. 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:
- NAICS 311224 - Soybean and other oilseed processing
Companies mentioned:
- CHS Inc.
- Solae
- Syngenta Seeds
- Renew Life Formulas
- Zeeland Farm Services
- South Dakota Soybean Processors
- Owensboro Grain Company
- Planters Cotton Oil Mill
- House Foods America Corporation
- Pyco Industries
- Incobrasa Industries
- Delta Oil Mill
- Hartsville Oil Mill
- Thumb Oilseed Producers Cooperative
- American Soy Products
- Gold Coast Commodities
- Producers Cooperative Oil Mill
- Bunge North America Foundation
- Yazoo Valley Oil Mill
- Agp Corn Processing
- Mid Georgia Processing Company
- Riverbend Distribution Center
- Dupont
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023