Soybean Oilcake Market in the EU - Key Insights

IndexBox has just published a new report: 'EU - Soybean Oilcake - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

The revenue of the soybean oilcake market in the European Union amounted to $X in 2018, going up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, soybean oilcake consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the market value increased by X% against the previous year. In that year, the soybean oilcake market attained its peak level of $X. From 2009 to 2018, the growth of the soybean oilcake market remained at a lower figure.

Consumption By Country in the EU

The countries with the highest volumes of soybean oilcake consumption in 2018 were France (X tonnes), Italy (X tonnes) and Poland (X tonnes), together comprising X% of total consumption. The UK, Germany, Spain, Denmark, the Netherlands, Belgium, Austria, the Czech Republic and Sweden lagged somewhat behind, together comprising a further X%.

From 2007 to 2018, the most notable rate of growth in terms of soybean oilcake consumption, amongst the main consuming countries, was attained by Austria, while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Denmark ($X) were the countries with the highest levels of market value in 2018, together comprising X% of the total market. The UK, Poland, Spain, the Netherlands, Austria, Belgium, Sweden, the Czech Republic and Germany lagged somewhat behind, together accounting for a further X%.

In 2018, the highest levels of soybean oilcake per capita consumption was registered in Denmark (X kg per person), followed by Austria (X kg per person), the Netherlands (X kg per person) and Belgium (X kg per person), while the world average per capita consumption of soybean oilcake was estimated at X kg per person.

In Denmark, soybean oilcake per capita consumption plunged by an average annual rate of -X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Austria (+X% per year) and the Netherlands (+X% per year).

Production in the EU

In 2018, approx. X tonnes of soybean oilcake were produced in the European Union; jumping by X% against the previous year. In general, soybean oilcake production, however, continues to indicate a slight reduction. The growth pace was the most rapid in 2018 when production volume increased by X% against the previous year. Over the period under review, soybean oilcake production reached its maximum volume at X tonnes in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

In value terms, soybean oilcake production totaled $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed over the period under review. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. Over the period under review, soybean oilcake production attained its maximum level at $X in 2013; however, from 2014 to 2018, production remained at a lower figure.

Production By Country in the EU

The countries with the highest volumes of soybean oilcake production in 2018 were the Netherlands (X tonnes), Germany (X tonnes) and Italy (X tonnes), with a combined X% share of total production. France, Austria, Portugal, the UK and Sweden lagged somewhat behind, together comprising a further X%.

From 2007 to 2018, the most notable rate of growth in terms of soybean oilcake production, amongst the main producing countries, was attained by Austria, while the other leaders experienced more modest paces of growth.

Exports in the EU

In 2018, the amount of soybean oilcake exported in the European Union stood at X tonnes, jumping by X% against the previous year. Overall, soybean oilcake exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X% y-o-y. In that year, soybean oilcake exports reached their peak of X tonnes. From 2016 to 2018, the growth of soybean oilcake exports remained at a lower figure.

In value terms, soybean oilcake exports amounted to $X (IndexBox estimates) in 2018. The total exports indicated a temperate increase from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Over the period under review, soybean oilcake exports reached their peak figure at $X in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

The Netherlands was the key exporting country with an export of about X tonnes, which accounted for X% of total exports. Germany (X tonnes) occupied a X% share (based on tonnes) of total exports, which put it in second place, followed by Belgium (X%) and Slovenia (X%). The following exporters - Spain (X tonnes), Romania (X tonnes) and the UK (X tonnes) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Romania, while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the largest soybean oilcake supplier in the European Union, comprising X% of total soybean oilcake exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

In the Netherlands, soybean oilcake exports increased at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+X% per year) and Belgium (-X% per year).

Export Prices by Country

In 2018, the soybean oilcake export price in the European Union amounted to $X per tonne, jumping by X% against the previous year. The export price indicated perceptible growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The level of export price peaked at $X per tonne in 2013; however, from 2014 to 2018, export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in Romania ($X per tonne) and the Netherlands ($X per tonne), while Spain ($X per tonne) and the UK ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Imports in the EU

In 2018, the amount of soybean oilcake imported in the European Union amounted to X tonnes, coming down by -X% against the previous year. Overall, soybean oilcake imports continue to indicate a slight slump. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. The volume of imports peaked at X tonnes in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, soybean oilcake imports stood at $X (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. The level of imports peaked at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

The imports of the nine major importers of soybean oilcake, namely the Netherlands, France, Poland, Spain, Germany, Italy, the UK, Denmark and Belgium, represented more than two-thirds of total import. Ireland (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Ireland, while the other leaders experienced mixed trends in the imports figures.

In value terms, the largest soybean oilcake importing markets in the European Union were France ($X), the Netherlands ($X) and Poland ($X), together comprising X% of total imports. These countries were followed by Germany, Spain, the UK, Italy, Denmark, Belgium and Ireland, which together accounted for a further X%.

In terms of the main importing countries, Ireland recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The soybean oilcake import price in the European Union stood at $X per tonne in 2018, growing by X% against the previous year. The import price indicated tangible growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the import price increased by X% year-to-year. The level of import price peaked at $X per tonne in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2018, major importing countries recorded the following prices: in France ($X per tonne) and Germany ($X per tonne), while Belgium ($X per tonne) and Spain ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform