Soybean Oil Market

Soybean oil market: download recently published statistics provided by an Ai-driven BI platform. Datasets contain market prices, production, trade, imports, companies, market size, exports, and consumption. Here is a split by region, including EU, Russia, China, Africa, the Middle East, the U.K., the U.S., and Latin America. Market dynamics and outlook to 2030 are also featured in the dashboards.

Get FREE access to the latest data and statistics on the Soybean Oil Market.

Soybean Oil - World's Largest Markets

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

From 2018 to 2020, the average annual growth rate of value in China amounted to +9.6%. In the other countries, the average annual rates were as follows: the United States (-0.5% per year) and Brazil (+10.2% per year).

Soybean Oil Prices

Soybean Oil - Top Importers

In value terms, India ($3B) constitutes the largest market for imported soybean oil worldwide, comprising 29% of global imports. The second position in the ranking was occupied by China ($725M), with a 7% share of global imports. It was followed by Algeria, with a 4.6% share.

From 2018 to 2020, the average annual rate of growth in terms of value in India amounted to +14.8%. The remaining importing countries recorded the following average annual rates of imports growth: China (+28.7% per year) and Algeria (-1.9% per year).

Soybean Oil - Top Exporters

In value terms, Argentina ($3.7B) remains the largest soybean oil supplier worldwide, comprising 39% of global exports. The second position in the ranking was occupied by the United States ($979M), with a 10% share of global exports. It was followed by Brazil, with a 8% share.

From 2018 to 2020, the average annual rate of growth in terms of value in Argentina amounted to +15.4%. In the other countries, the average annual rates were as follows: the United States (+5.8% per year) and Brazil (-13.8% per year).

Soybean Oil - Market Forecast

Driven by increasing demand for soybean oil worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, 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.

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.

Soybean Oil - Product Coverage

• HS 150710 - Vegetable oils; soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified
• HS 150790 - Vegetable oils; soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified

Source: IndexBox Market Intelligence Platform