Which Country Consumes the Most Soya-bean Oil in the World?

Oleaginous Fruits February 09, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Global soybean oil consumption amounted to 46,971 thousand tonnes in 2015, picking up by +2.7% against the previous year level. Overall, the global soybean oil consumption indicated a pronounced growth from 2007 to 2015. The trend pattern, however, indicated some noticable fluctuations throughout the analyzed period. The total consumption volume increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2010, when the output figure increased by +12% from the previous year level. Over the period under review, the global soybean oil consumption reached its maximum volume in 2015, and is likely to continue its growth in the immediate term.

Top Soybean Oil Consuming Countries in the World

1. China (13412K Tonnes)

2. United States of America (10004K Tonnes)

3. Brazil (5965K Tonnes)

4. India (4226K Tonnes)

5. Argentina (1783K Tonnes)

Global Soya-bean Oil Consumption

In 2015, the countries with the highest consumption were China (13,412 thousand tonnes), the United States (10,004 thousand tonnes), Brazil (5,965 thousand tonnes), together comprising 62% of total consumption. They were followed by India with a 9% of global consumption share and Argentina with a 4% share.

From 2007 to 2015, the most notable growth rates of soybean oil consumption among the main consuming countries was attained by Brazil (+6.0% per year), while the other global leaders experienced more modest paces of growth.

The highest levels of soya-bean oil per capita consumption was registered in Argentina (41.06 kg/year), followed by the United States (31.09 kg/year), Brazil (28.70 kg/year), China (9.53 kg/year) and India (3.22 kg/year), while the average per capita consumption of soya-bean oil was estimated at 3.58 kg/year in 2015.

In Argentina, per capita soya-bean oil consumption has grown noticably (+14.4% per year) in recent years. In 2015, Argentina per capita consumption reached 41.06 kg/year as compared with 13.98 kg/year in 2007.

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Source: World: Soya-Bean Oil - Market Report. Analysis And Forecast To 2025