
Netherlands - Refined Soybean Oil And Its Fractions - Market Analysis, Forecast, Size, Trends And Insights
Soybean Oil Price in the Netherlands Drops to $1,729 per Ton
Netherlands Refined Soybean Oil Export Price in December 2022
In December 2022, the refined soybean oil price amounted to $1,729 per ton (FOB, Netherlands), reducing by -4.8% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +2.5%. The pace of growth was the most pronounced in October 2022 when the average export price increased by 32% against the previous month. Over the period under review, the average export prices hit record highs at $1,856 per ton in August 2022; however, from September 2022 to December 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($1,971 per ton), while the average price for exports to South Africa ($1,237 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Netherlands Refined Soybean Oil Exports
In December 2022, the amount of refined soybean oil and its fractions exported from the Netherlands totaled 20K tons, with an increase of 3.3% against November 2022. Overall, exports, however, continue to indicate a noticeable reduction. The pace of growth was the most pronounced in September 2022 when exports increased by 72% m-o-m. As a result, the exports attained the peak of 42K tons. From October 2022 to December 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, refined soybean oil exports reduced modestly to $35M (IndexBox estimates) in December 2022. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 when exports increased by 27% against the previous month. As a result, the exports attained the peak of $57M. From October 2022 to December 2022, the growth of the exports failed to regain momentum.
Netherlands Refined Soybean Oil Exports by Country
The UK (7.2K tons), Germany (4.9K tons) and Belgium (3.1K tons) were the main destinations of refined soybean oil exports from the Netherlands, with a combined 75% share of total exports. Ireland, Poland, Trinidad and Tobago, Spain and South Africa lagged somewhat behind, together accounting for a further 17%.
From December 2021 to December 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +16.2%), while the other leaders experienced mixed trend patterns.
In value terms, the largest markets for refined soybean oil exported from the Netherlands were the UK ($13M), Germany ($7M) and Belgium ($5.4M), with a combined 74% share of total exports. These countries were followed by Ireland, Poland, Spain, Trinidad and Tobago and South Africa, which together accounted for a further 17%.
Spain, with a CAGR of +19.9%, saw the highest growth rate of 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.
This report provides an in-depth analysis of the refined soybean oil market in the Netherlands. 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.
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