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Czech Republic - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends And Insights

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Crude Soybean Oil Price in the Czech Republic - 2023

Crude Soybean Oil Price in the Czech Republic (CIF) - 2023

The average crude soybean oil import price stood at $1,150 per ton in August 2023, dropping by -4.1% against the previous month. In general, the import price showed a pronounced curtailment. The most prominent rate of growth was recorded in June 2023 an increase of 17% month-to-month. Over the period under review, average import prices hit record highs at $1,575 per ton in December 2022; however, from January 2023 to August 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Hungary ($1,211 per ton), while the price for Ukraine ($804 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Hungary (-1.0%), while the prices for the other major suppliers experienced a decline.

Crude Soybean Oil Price in the Czech Republic (FOB) - 2022

In 2022, the average crude soybean oil export price amounted to $1,515 per ton, therefore, remained relatively stable against the previous year. In general, the export price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 83% against the previous year. As a result, the export price attained the peak level of $1,520 per ton, leveling off in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($1,741 per ton) and Estonia ($1,597 per ton), while the average price for exports to Slovakia ($1,175 per ton) and Bulgaria ($1,491 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (-0.1%).

Crude Soybean Oil Imports in the Czech Republic

In 2022, the amount of crude soybean oil imported into the Czech Republic reduced sharply to 12K tons, declining by -18% compared with 2021 figures. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 18%.

In value terms, crude soybean oil imports reduced to $19M in 2022. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 97%. As a result, imports reached the peak of $20M, and then shrank in the following year.

Import of Crude Soybean Oil in the Czech Republic (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Hungary	1.9	3.4	3.3	6.0	46.7%
Germany	0.8	2.5	4.0	5.1	85.4%
Ukraine	2.9	0.5	0.6	3.4	5.4%
Poland	2.5	1.4	9.5	3.2	8.6%
Austria	2.1	1.3	0.7	0.5	-38.0%
Netherlands	0.2	0.3	0.5	0.1	-20.6%
Slovakia	0.6	0.5	0.3	N/A	-29.3%
Others	0.2	0.3	1.0	0.2	0.0%
Total	11.2	10.2	20.0	18.6	18.4%

Top Suppliers of Crude Soybean Oil to the Czech Republic in 2022:

Slovakia (undefinedK tons)
Hungary (4.4K tons)
Germany (3.0K tons)
Ukraine (2.3K tons)
Poland (2.1K tons)
Austria (0.3K tons)
Netherlands (0.1K tons)

Crude Soybean Oil Exports in the Czech Republic

In 2022, overseas shipments of crude soybean oil were finally on the rise to reach 291 tons after two years of decline. In general, exports, however, saw a sharp downturn.

In value terms, crude soybean oil exports surged to $442K in 2022. Over the period under review, exports, however, saw a sharp reduction.

Export of Crude Soybean Oil in the Czech Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bulgaria	N/A	N/A	N/A	289	0%
Poland	4,342	445	N/A	85.4	-73.0%
Estonia	N/A	N/A	N/A	38.2	0%
Slovakia	0.1	81.9	36.4	29.2	563.4%
Others	N/A	2.6	0.4	N/A	-84.6%
Total	4,342	529	36.8	442	-53.3%

Top Export Markets for Crude Soybean Oil from the Czech Republic in 2022:

Bulgaria (193.7 tons)
Poland (49.1 tons)
Slovakia (24.8 tons)
Estonia (23.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the crude soybean oil market in the Czech Republic. 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:

Czech Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Czech Republic
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023