Refined Soybean Oil Market

Refined soybean oil market: get the latest facts and figures secured by an Ai-driven BI tool. Data contain production, companies, imports, trade, market prices, consumption, exports, and market size. There is a split by region, including EU, Russia, China, Latin America, the U.K., Africa, the U.S., and the Middle East. Market trends and forecast to 2030 are also provided in the snapshots.


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Refined Soybean Oil - World's Largest Markets

RatingCountry
1China
2India
3United States
4Japan
5Pakistan

In value terms, the largest refined soybean oil markets worldwide were China, India and the United States, with a combined 32% share of the global market. These countries were followed by Japan, Pakistan, Russia, Brazil, Italy, Bangladesh, Mauritania, Indonesia, the UK and Germany, which together accounted for a further 23%.

In terms of the main consuming countries, Mauritania (+85.7% per year) saw the highest rates of growth with regard to market size, over the period under review, while refined soybean oil market for the other global leaders experienced more modest paces of growth.

Refined Soybean Oil Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Netherlands832732764-4.2%
Canada7877648051.1%
Bolivia962855877-4.5%
Argentina960879917-2.3%
Brazil948910946-0.1%
China970934947-1.2%
Malaysia984921962-1.1%
Colombia995955972-1.2%
Thailand1003905987-0.8%
Belgium111610031007-5.0%
United States100199410140.6%
Egypt95792910404.2%
Portugal1165107512021.6%
Average9428899671.3%

Prices varied noticeably by the country of origin; the country with the highest price was Portugal ($1,202 per ton), while the Netherlands ($764 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Egypt, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
United States797782139232.2%
India196814221229-21.0%
Angola1143104511661.0%
Canada106310461057-0.3%
Venezuela98895910251.9%
Chile106310281005-2.8%
Peru9629289931.6%
Italy12771267939-14.2%
United Kingdom908805878-1.7%
Mexico969825872-5.1%
Belgium8518058590.5%
South Africa7577197761.2%
Mauritania325326275-8.0%
Average906865827-4.5%

Prices varied noticeably by the country of destination; the country with the highest price was the United States ($1,392 per ton), while Mauritania ($275 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced more modest paces of growth.

Refined Soybean Oil - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
India0.0007206160.001114650.21613.3%
Mauritania0.050.050.176.4%
Venezuela0.040.050.166.0%
Chile0.070.080.120.9%
South Africa0.080.050.17.2%

In value terms, India ($212M), Mauritania ($148M) and Venezuela ($103M) constituted the countries with the highest levels of imports in 2020, with a combined 25% share of global imports.

India (+1,613.3% per year) saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Refined Soybean Oil - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Netherlands0.20.20.26.3%
United States0.20.20.2-5.6%
Brazil0.070.090.257.8%
Argentina0.060.040.130.6%
Malaysia0.10.10.1-3.9%

In value terms, the Netherlands ($211M), the United States ($173M) and Brazil ($171M) appeared to be the countries with the highest levels of exports in 2020, with a combined 32% share of global exports.

In terms of the main exporting countries, Brazil (+57.8% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Refined Soybean Oil - Market Forecast

The refined soybean oil market is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.7% for the ten-year period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.

Refined Soybean Oil - Top Companies

UNI-PRESIDENT ENTERPRISES CORP., Cargill Agrícola S/A, Bunge Alimentos S/A, GOLDEN AGRI-RESOURCES LTD, KANEKA CORPORATION, KUALA LUMPUR KEPONG BERHAD, ADM do Brasil Ltda, Louis Dreyfus Company Brasil S/A., Bunge Deutschland GmbH, GRAINCORP OILS HOLDINGS PTY LTD, GRAINCORP FOODS AUSTRALIA PTY LTD, ADANI WILMAR LIMITED, SAIPOL, Cargill NV, NISSHIN OILLIO GROUP, LTD., THE, RUCHI SOYA INDUSTRIES LIMITED, SINAR MAS AGRO RESOURCES AND TECHNOLOGY, PT TBK, Ventura Foods, LLC, CARGILL FRANCE, VICENTIN S.A.I.C.

Refined Soybean Oil - Product Coverage

  • HS 150790 - Vegetable oils; soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified
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World - Refined Soybean Oil and Its Fractions - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global refined soybean oil market.

South-Eastern Asia - Refined Soybean Oil and Its Fractions - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the refined soybean oil market in South-Eastern Asia.

Africa - Refined Soybean Oil and Its Fractions - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the refined soybean oil market in Africa.

Latin America and the Caribbean - Refined Soybean Oil and Its Fractions - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the refined soybean oil market in Latin America and the Caribbean.

Northern America - Refined Soybean Oil and Its Fractions - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the refined soybean oil market in Northern America.

Australia and Oceania - Refined Soybean Oil and Its Fractions - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the refined soybean oil market in Australia and Oceania.

Middle East - Refined Soybean Oil and Its Fractions - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the refined soybean oil market in the Middle East.

Central Asia - Refined Soybean Oil and Its Fractions - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the refined soybean oil market in Central Asia.

Eastern Asia - Refined Soybean Oil and Its Fractions - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the refined soybean oil market in Eastern Asia.

Southern Asia - Refined Soybean Oil and Its Fractions - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the refined soybean oil market in Southern Asia.

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