World - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends And Insights
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Crude soybean oil market: discover the most recent statistics provided by an Ai-driven market intelligence tool. Statistics cover trade, market size, market prices, exports, consumption, production, imports, and companies. There is a split by country, including China, Africa, EU, Latin America, the Middle East, Russia, the U.S., and the U.K. Market trends and forecast to 2030 are also featured in the reports.
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Crude Soybean Oil - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | United States |
| 3 | Brazil |
| 4 | India |
| 5 | Argentina |
In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by Brazil.
From 2019 to 2021, the average annual rate of growth in terms of value in China stood at -1.6%. In the other countries, the average annual rates were as follows: the United States (+2.2% per year) and Brazil (+3.9% per year).
Crude Soybean Oil Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| USD per ton | ||||
| Argentina | 646 | 705 | 676 | 2.3% |
| Bolivia | 741 | 786 | 761 | 1.3% |
| Brazil | 643 | 738 | 1024 | 26.2% |
| Paraguay | 596 | 660 | 1105 | 36.2% |
| Russia | 647 | 716 | 1124 | 31.8% |
| Ukraine | 643 | 749 | 1155 | 34.0% |
| Netherlands | 697 | 750 | 1169 | 29.5% |
| United States | 721 | 755 | 1175 | 27.7% |
| Italy | 687 | 747 | 1196 | 31.9% |
| Spain | 669 | 750 | 1239 | 36.1% |
| Average | 663 | 728 | 885 | 15.5% |
There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Spain ($1,239 per ton), while Argentina ($676 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| USD per ton | ||||
| Poland | 679 | 785 | 1258 | 36.1% |
| India | 705 | 778 | 1251 | 33.2% |
| Colombia | 876 | 768 | 1108 | 12.5% |
| Spain | 762 | 789 | 1058 | 17.8% |
| Egypt | 708 | 722 | 924 | 14.2% |
| Nepal | 843 | 822 | 832 | -0.7% |
| South Korea | 741 | 789 | 766 | 1.7% |
| China | 714 | 750 | 733 | 1.3% |
| Peru | 698 | 770 | 732 | 2.4% |
| Morocco | 698 | 750 | 724 | 1.8% |
| Venezuela | 706 | 709 | 707 | 0.1% |
| Algeria | 639 | 708 | 669 | 2.3% |
| Bangladesh | 647 | 692 | 668 | 1.6% |
| Average | 708 | 763 | 948 | 15.7% |
Prices varied noticeably by the country of destination; the country with the highest price was Poland ($1,258 per ton), while Bangladesh ($668 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Poland, while the other global leaders experienced more modest paces of growth.
Crude Soybean Oil - Top Importers
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| billion USD | ||||
| India | 2.2 | 2.8 | 3.6 | 27.1% |
| China | 0.6 | 0.7 | 0.6 | 5.9% |
| Algeria | 0.6 | 0.5 | 0.5 | -4.4% |
| Bangladesh | 0.5 | 0.5 | 0.5 | -1.4% |
| Morocco | 0.4 | 0.4 | 0.4 | 1.7% |
In value terms, India ($3.6B) constitutes the largest market for imported crude soybean oil worldwide, comprising 37% of global imports. The second position in the ranking was occupied by China ($638M), with a 6.6% share of global imports. It was followed by Algeria, with a 5.3% share.
In India, crude soybean oil imports expanded at an average annual rate of +27.1% over the period from 2019-2021. In the other countries, the average annual rates were as follows: China (+5.9% per year) and Algeria (-4.4% per year).
Crude Soybean Oil - Top Exporters
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| billion USD | ||||
| Argentina | 3.2 | 3.6 | 3.4 | 3.1% |
| Brazil | 0.6 | 0.5 | 1 | 26.8% |
| United States | 0.6 | 0.8 | 0.7 | 12.9% |
| Paraguay | 0.4 | 0.4 | 0.6 | 26.3% |
| Spain | 0.2 | 0.3 | 0.6 | 73.6% |
In value terms, Argentina ($3.4B) remains the largest crude soybean oil supplier worldwide, comprising 38% of global exports. The second position in the ranking was occupied by Brazil ($980M), with a 11% share of global exports. It was followed by the United States, with a 8.1% share.
From 2019 to 2021, the average annual growth rate of value in Argentina stood at +3.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+26.8% per year) and the United States (+12.9% per year).
Crude Soybean Oil - Market Forecast
Driven by increasing demand for crude soybean oil worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.
Crude Soybean Oil - Top Companies
UNI-PRESIDENT ENTERPRISES CORP., Cargill Agrícola S/A, ADM do Brasil Ltda, Louis Dreyfus Company Brasil S/A., VICENTIN S.A.I.C., Tibet Linzhi Medog County Baimagang Grain & Oil Processing Sales Co., Ltd., Cocamar - Cooperativa Agroindustrial, Bianchini S/A. Indústria, Comércio e Agricultura, Dongguan Fuzhiyuan Feedstuff Protein Development Co., Ltd., Jiu San Group Tianjin Soya Science And Technology Co., Ltd., THAI VEGETABLE OIL PUBLIC COMPANY LIMITED, Syngenta Seeds, LLC, Solae, LLC, TTET UNION CORPORATION, Bunge Sanwei Grease Co., Ltd., ABC Indústria e Comércio S/A - ABC Inco, GUJARAT AMBUJA EXPORTS LIMITED, Zhongfang Foodgrain & Cooking Oil (Dongguan) Co., Ltd., COOPERATIVA COLONIAS UNIDAS AGROPECUARIA INDUSTRIAL LIMITADA, Gushen Biological Technology Group Co., Ltd.
Crude Soybean Oil - Product Coverage
- HS 150710 - Vegetable oils; soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified
This report provides an in-depth analysis of the global crude soybean oil market. 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.
Product coverage:
- FCL 237 - Oil of Soybeans
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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This report provides an in-depth analysis of the global crude soybean oil market.
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Global Soybean Oil Market Report 2019. This report provides an in-depth analysis of the global soybean oil market.
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This report provides an in-depth analysis of the global soybean oil market.
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This report provides an in-depth analysis of the global refined soybean oil market.
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Explore the top import markets for crude soybean oil in 2023, including key statistics and import values. Learn about the leading countries driving the global soybean oil market.
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Global soybean oil consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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Global soybean oil exports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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Global soybean oil imports amounted to X thousand tons in 2015, jumping by +X% against the previous year level.
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In 2015, the countries with the highest levels of production were China (X thousand tons), the United States (X thousand tons), Brazil (X thousand tons), together accounting for X% of total output.
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Argentina leads the way in the global soya-bean oil trade. In 2014, Argentina exported X thousand tons of soya-bean oil totaling X million USD, X% under the previous year. Its primary trading partner was India, where it supplied X% of its t
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In 2022, soybean oil prices are forecast to rise by nearly 4% to $1,425 per ton, driven by boosting demand for biofuels. In 2021, the average annual soybean oil price skyrocketed, rising 65% y-o-y to $1,385 per ton. India remains the world’s largest soybean oil importer, while Argentina holds the position of the leading global supplier.
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The soybean oil market indicates steady growth, despite the COVID-19 pandemic cut demand for biofuel. The competitive price of soybean oil, against the price for sunflower and palm oil, combined with the potential growth in demand for biofuels and increasingly robust environmental standards, signal tangible prospects for the further development of the soybean oil market.
