Which Country Produces the Most Soybean Oil in the World?

Vegetable And Animal Oils And Fats November 21, 2017
Author: Irina Andreeva
Market Analyst

Global areca nut market

In 2015, the countries with the highest levels of production were China (12,698 thousand tonnes), the United States (10,004 thousand tonnes), Brazil (7,610 thousand tonnes), together accounting for 64% of total output.

From 2007 to 2015, the most notable growth rates of soybean oil production among the main producing countries was attained by China (+8.5% per year), while the other global leaders experienced more modest paces of growth.

Top 10 Soybean Oil Producing Countries in the World

1. China (12,698K Tonnes)
2. United States (10,004K Tonnes)
3. Brazil (7,610K Tonnes)
4. Argentina (7,371K Tonnes)
5. Paraguay (1,020K Tonnes)
6. Mexico (802K Tonnes)
7. India (718K Tonnes)
8. Germany (664K Tonnes)
9. Russia (619K Tonnes)
10. Spain (591K Tonnes)

Global Soybean Oil Production

Global soybean oil production amounted to 47,142 thousand tonnes in 2015, rising by +3.1% against the previous year level. Overall, the global soybean oil output pursued a pronounced growth from 2007 to 2015. The trend pattern, however, indicated some noticable fluctuations throughout the analyzed period. The total output figures 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 production reached its maximum volume in 2015, and is likely to continue its growth in the immediate term.

Over the analyzed period, an increase in global soybean oil production was primarily driven by disposable income growth, population growth, and growth of baking. Furthermore, these key drivers are expected to continue promoting the soybean oil output in the immediate term.

Do you want to know more about globalĀ soybean oil market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • soybean oil market share
  • soybean oil prices
  • soybean oil industry
  • soybean oil sales
  • soybean oil market forecast
  • soybean oil price forecast
  • key soybean oil producers

Source: World: Soya-bean Oil - Market Report. Analysis And Forecast