World - Soya-Bean Oil - Market Analysis, Forecast, Size, Trends and Insights
Soybean Oil Market - Argentina is the Largest Global Soya-Bean Oil Exporter despite 15% Drop in 2014
Argentina leads the way in the global soya-bean oil trade. In 2014, Argentina exported X thousand tonnes of soya-bean oil totaling X million USD, X% under the previous year. Its primary trading partner on the global soybean oil market was India, where it supplied X% of its total soya-bean oil exports in value terms, accounting for X% of India's total imports.
From 2007 to 2014, Argentina was a net exporter of soya-bean oil. Over this period, exports consistently exceeded imports in value terms. However, in physical terms, the difference was less pronounced. It should also be noted that in 2012-2014 imports increased significantly, in comparison with 2007-2011.
Brazil and the U.S. were among the other main global suppliers of soya-bean oil in 2014. However, the fastest growing exporters from 2007 to 2014 were the Russian Federation (+X% per year) and Spain (+X% per year). Spain strengthened its position in the global export structure.
Argentina's top X trading partners in 2014 were India, Venezuela, China, Bangladesh and Peru, with a combined X% share of Argentina's soya-bean oil exports. The share of India increased significantly (+X percentage points), while the share of China illustrated negative dynamics (-X percentage points). The shares of Argentina's other trading partners showed moderate growth.
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