Oil Crops Market

Oil crops market: discover the most recent facts and figures enhanced by an Ai-driven business intelligence tool. Data include production, trade, market size, imports, consumption, market prices, companies, and exports. Here is a breakdown by country, including the Middle East, China, Russia, Africa, the U.S., the U.K., EU, and Latin America. Market trends and outlook to 2030 are also provided in the reports.

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Oil Crops - World's Largest Markets

In value terms, China led the market, alone. The second position in the ranking was occupied by India. It was followed by the United States.

In China, the oil crops market increased at an average annual rate of +4.6% over the period from 2018-2020. In the other countries, the average annual rates were as follows: India (+5.5% per year) and the United States (-14.8% per year).

Oil Crops Prices

Oil Crops - Top Importers

In value terms, China ($41.1B) constitutes the largest market for imported oil crops (primary) worldwide, comprising 48% of global imports. The second position in the ranking was occupied by Germany ($4.8B), with a 5.5% share of global imports. It was followed by the Netherlands, with a 3.8% share.

From 2018 to 2020, the average annual growth rate of value in China was relatively modest. In the other countries, the average annual rates were as follows: Germany (+2.7% per year) and the Netherlands (+9.2% per year).

Oil Crops - Top Exporters

In value terms, the largest oil crops supplying countries worldwide were Brazil ($28.6B), the United States ($26.6B) and Canada ($7B), with a combined 71% share of global exports. These countries were followed by Argentina, Paraguay, Ukraine and Russia, which together accounted for a further 10%.

Russia recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Oil Crops - Market Forecast

Driven by increasing demand for oil crops 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 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Oil Crops - Product Coverage

• HS 080112 - Nuts, edible; coconuts, in the inner shell (endocarp)
• HS 080119 - Nuts, edible; coconuts, fresh or dried, whether or not shelled or peeled, other than desiccated
• HS 1201 - Soya beans; whether or not broken
• HS 120210 - Ground-nuts; in shell, not roasted or otherwise cooked
• HS 120241 - Ground-nuts; other than seed, not roasted or otherwise cooked, in shell
• HS 1204 - Oil seeds; linseed, whether or not broken
• HS 1205 - Rape or colza seeds; whether or not broken
• HS 1206 - Sunflower seeds; whether or not broken
• HS 120740 - Oil seeds; sesamum seeds, whether or not broken
• HS 120750 - Oil seeds; mustard seeds, whether or not broken
• HS 120791 - Oil seeds; poppy seeds, whether or not broken
• HS 120799 - Oil seeds and oleaginous fruits; n.e.s. in heading no. 1207, whether or not broken
• HS 120710 - Oleaginous fruits; palm nuts and kernels, whether or not broken
• HS 120730 - Oil seeds; castor oil seeds, whether or not broken
• HS 120760 - Oil seeds; safflower seeds, whether or not broken
• HS 120770 - Oil seeds; melon seeds, whether or not broken
• HS 120720 - Oil seeds; cotton seeds, whether or not broken
• HS 120721 - Oil seeds; cotton seeds, seed, whether or not broken
• HS 120729 - Oil seeds; cotton seeds, other than seed, whether or not broken