Report Update: May 1, 2024

Brazil - Refined Soybean Oil And Its Fractions - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Refined Soybean Oil Price in Brazil - 2023

Refined Soybean Oil Price in Brazil (FOB) - 2023

The average refined soybean oil export price stood at $1,144 per ton in September 2023, waning by -3.1% against the previous month. Over the period under review, the export price showed a noticeable downturn. The most prominent rate of growth was recorded in December 2022 an increase of 11% against the previous month. The export price peaked at $1,733 per ton in February 2023; however, from March 2023 to September 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In September 2023, the countries with the highest prices were Chile ($1,303 per ton) and Angola ($1,286 per ton), while the average price for exports to the Dominican Republic ($1,030 per ton) and South Africa ($1,079 per ton) were amongst the lowest.

From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+1.6%), while the prices for the other major destinations experienced a decline.

Refined Soybean Oil Price in Brazil (CIF) - 2022

The average refined soybean oil import price stood at $2,266 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2016 an increase of 44%. Over the period under review, average import prices reached the maximum at $4,321 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($4,156 per ton), while the price for Bolivia ($1,596 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-3.6%), while the prices for the other major suppliers experienced a decline.

Refined Soybean Oil Exports in Brazil

In 2022, the amount of refined soybean oil and its fractions exported from Brazil expanded rapidly to 202K tons, with an increase of 6.9% against 2021 figures. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 94% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, refined soybean oil exports soared to $367M in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 101% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Export of Refined Soybean Oil in Brazil (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Venezuela	29.8	93.2	189	206	90.5%
Cuba	12.1	12.6	30.6	95.0	98.8%
Peru	21.3	23.1	36.0	30.0	12.1%
Angola	2.2	2.5	7.4	15.4	91.3%
Uruguay	4.2	5.0	7.4	6.0	12.6%
Paraguay	4.5	7.1	2.7	1.6	-29.2%
Bolivia	4.3	5.7	2.4	1.4	-31.2%
Others	6.9	22.3	8.3	11.9	19.9%
Total	85.3	171	284	367	62.6%

Top Export Markets for Refined Soybean Oil from Brazil in 2022:

Venezuela (102.6K tons)
Cuba (60.4K tons)
Peru (17.4K tons)
Angola (9.1K tons)
Uruguay (3.7K tons)
Bolivia (1.1K tons)
Paraguay (1.0K tons)

Refined Soybean Oil Imports in Brazil

In 2022, purchases abroad of refined soybean oil and its fractions decreased by -75.4% to 269 tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 1,878% against the previous year. As a result, imports attained the peak of 1.2K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, refined soybean oil imports dropped notably to $610K in 2022. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,250% against the previous year. As a result, imports reached the peak of $3M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Refined Soybean Oil in Brazil (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bolivia	N/A	176	87.4	268	23.4%
Germany	122	115	515	210	19.8%
Netherlands	96.5	134	108	97.9	0.5%
Argentina	N/A	2,590	1,780	N/A	-31.3%
Others	5.6	13.3	8.4	34.1	82.6%
Total	224	3,029	2,499	610	39.6%

Top Suppliers of Refined Soybean Oil to Brazil in 2022:

Bolivia (168.0 tons)
Germany (75.4 tons)
Netherlands (23.6 tons)

Source: IndexBox Market Intelligence Platform

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

Prodcom 10415100 - Refined soya-bean oil and its fractions (excluding chemically modified)

Country coverage:

Brazil

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Brazil
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