U.S. - Oil Crops - Market Analysis, Forecast, Size, Trends and Insights
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View PricingOil Crops Price in the United States - 2023
Contents:
- Oil Crops Price in the United States (FOB) - 2022
- Oil Crops Price in the United States (CIF) - 2022
- Oil Crops Exports in the United States
- Oil Crops Imports in the United States
Oil Crops Price in the United States (FOB) - 2022
In 2022, the average oil crops export price amounted to $609 per ton, surging by 16% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 29% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($642 per ton) and Egypt ($628 per ton), while the average price for exports to China ($593 per ton) and Germany ($613 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 Egypt (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Oil Crops Price in the United States (CIF) - 2022
The average oil crops import price stood at $1,036 per ton in 2022, with an increase of 20% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($3,009 per ton), while the price for Canada ($762 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Oil Crops Exports in the United States
In 2022, oil crops exports from the United States expanded significantly to 58M tons, picking up by 7.5% against 2021 figures. The total export volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22%. As a result, the exports attained the peak of 65M tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, oil crops exports soared to $35.1B in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 35%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Oil Crops in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.0 | 14.3 | 14.2 | 18.0 | 31.0% |
| Mexico | 1.9 | 1.9 | 2.7 | 3.7 | 24.9% |
| Egypt | 1.0 | 1.5 | 1.4 | 1.9 | 23.9% |
| Japan | 1.0 | 1.1 | 1.4 | 1.9 | 23.9% |
| Indonesia | 0.9 | 0.9 | 1.1 | 1.2 | 10.1% |
| Taiwan (Chinese) | 0.7 | 0.6 | 0.7 | 1.1 | 16.3% |
| Netherlands | 0.8 | 0.6 | 0.4 | 0.9 | 4.0% |
| Germany | 0.1 | 0.6 | 0.9 | 0.9 | 108.0% |
| Spain | 0.6 | 0.4 | 0.6 | 0.4 | -12.6% |
| Thailand | 0.5 | 0.6 | 0.5 | 0.3 | -15.7% |
| Others | 3.9 | 4.0 | 4.3 | 4.8 | 7.2% |
| Total | 19.5 | 26.4 | 28.2 | 35.1 | 21.6% |
Top Export Markets for Oil Crops from the United States in 2022:
- China (30.4M tons)
- Mexico (5.9M tons)
- Egypt (3.1M tons)
- Japan (2.9M tons)
- Indonesia (2.0M tons)
- Taiwan (Chinese) (1.8M tons)
- Netherlands (1.5M tons)
- Germany (1.5M tons)
- Spain (0.7M tons)
- Thailand (0.4M tons)
Oil Crops Imports in the United States
In 2022, imports of oil crops (primary) into the United States reached 1.7M tons, surging by 13% against 2021. The total import volume increased at an average annual rate of +8.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, oil crops imports soared to $1.8B in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Oil Crops in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 495 | 504 | 568 | 688 | 11.6% |
| Argentina | 92.5 | 78.2 | 106 | 175 | 23.7% |
| Bulgaria | 37.7 | 68.0 | 61.4 | 88.9 | 33.1% |
| Russia | 15.3 | 41.9 | 31.2 | 86.0 | 77.8% |
| Turkey | 7.4 | 7.8 | 15.1 | 83.9 | 124.7% |
| India | 127 | 92.7 | 72.4 | 77.5 | -15.2% |
| Ukraine | 28.6 | 35.0 | 51.9 | 62.2 | 29.6% |
| Mexico | 35.7 | 34.2 | 37.6 | 61.6 | 19.9% |
| Australia | 0.8 | 1.2 | 8.8 | 57.5 | 315.8% |
| Togo | 0.1 | 6.1 | 4.2 | 43.7 | 658.9% |
| Others | 259 | 226 | 336 | 342 | 9.7% |
| Total | 1,098 | 1,095 | 1,293 | 1,766 | 17.2% |
Top Suppliers of Oil Crops to the United States in 2022:
- Canada (902.9K tons)
- Argentina (193.7K tons)
- Russia (81.9K tons)
- Ukraine (68.6K tons)
- Australia (66.8K tons)
- Turkey (65.5K tons)
- Bulgaria (58.2K tons)
- Mexico (43.3K tons)
- India (39.8K tons)
- Togo (36.1K tons)
This report provides an in-depth analysis of the oil crops market in the U.S.. 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 249 - Coconuts
- FCL 236 - Soybeans
- FCL 242 - Groundnuts, in shell
- FCL 333 - Linseed
- FCL 270 - Rapeseed or colza seed
- FCL 267 - Sunflower seed
- FCL 289 - Sesame seed
- FCL 292 - Mustard seed
- FCL 296 - Poppy seed
- FCL 265 - Castor Beans
- FCL 336 - Hempseed
- FCL 277 - Jojoba Seeds
- FCL 310 - Kapok fruit
- FCL 263 - Karite Nuts (Sheanuts)
- FCL 299 - Melonseed
- FCL 254 - [Oil palm fruit]
- FCL 339 - Oilseeds nes
- FCL 280 - Safflower seed
- FCL 305 - Tallowtree Seeds
- FCL 275 - Tung Nuts
- FCL 311 - Kapokseed in shell
- FCL 312 - Kapokseed, shelled
- FCL 329 - Cottonseed
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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
-
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
- COUNTRIES WITH TOP YIELDS
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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 Of Origin, 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, By Country Of Destination, 2012–2023
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