Brazil - Soybean Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSoybean Oil Price in Brazil - 2023
Contents:
- Soybean Oil Price in Brazil (FOB) - 2023
- Soybean Oil Price in Brazil (CIF) - 2023
- Soybean Oil Exports in Brazil
- Soybean Oil Imports in Brazil
Soybean Oil Price in Brazil (FOB) - 2023
In September 2023, the average soybean oil export price amounted to $1,015 per ton, approximately equating the previous month. Over the period under review, the export price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in November 2022 an increase of 8.8% m-o-m. As a result, the export price reached the peak level of $1,413 per ton. From December 2022 to September 2023, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In September 2023, the highest price was recorded for prices to Venezuela ($1,231 per ton) and Cuba ($1,086 per ton), while the average price for exports to Bangladesh ($976 per ton) and India ($981 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (-2.0%), while the prices for the other major destinations experienced a decline.
Soybean Oil Price in Brazil (CIF) - 2023
In September 2023, the average soybean oil import price amounted to $977 per ton, approximately reflecting the previous month. Overall, the import price, however, showed a mild curtailment. The growth pace was the most rapid in January 2023 an increase of 17% m-o-m. As a result, import price attained the peak level of $1,285 per ton. From February 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Bolivia ($971 per ton), while the price for Uruguay ($865 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Argentina (0.0%), while the prices for the other major suppliers experienced a decline.
Soybean Oil Exports in Brazil
In 2022, the amount of soybean oil exported from Brazil surged to 2.6M tons, jumping by 54% against the previous year. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, soybean oil exports skyrocketed to $3.9B in 2022. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 165% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Soybean Oil in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 262 | 247 | 786 | 2,365 | 108.2% |
| Bangladesh | 63.9 | 119 | 204 | 393 | 83.2% |
| China | 143 | 133 | 478 | 240 | 18.8% |
| Venezuela | 29.8 | 93.2 | 189 | 206 | 90.5% |
| Iran | N/A | 18.3 | 96.5 | 202 | 232.2% |
| Algeria | 106 | 34.8 | 65.0 | 161 | 14.9% |
| Cuba | 15.7 | 16.3 | 36.7 | 95.0 | 82.2% |
| Others | 74.4 | 99.9 | 162 | 284 | 56.3% |
| Total | 695 | 761 | 2,017 | 3,946 | 78.4% |
Top Export Markets for Soybean Oil from Brazil in 2022:
- India (1612.0K tons)
- Bangladesh (259.1K tons)
- China (162.8K tons)
- Iran (127.8K tons)
- Algeria (106.4K tons)
- Venezuela (102.6K tons)
- Cuba (60.4K tons)
Soybean Oil Imports in Brazil
In 2022, supplies from abroad of soybean oil decreased by -75.3% to 26K tons, falling for the second year in a row after two years of growth. Overall, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 313%. As a result, imports attained the peak of 198K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, soybean oil imports fell sharply to $29M in 2022. Over the period under review, imports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 399% against the previous year. As a result, imports attained the peak of $170M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Soybean Oil in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 6.6 | 39.8 | 39.7 | 24.5 | 54.8% |
| Bolivia | N/A | 2.4 | 1.8 | 3.0 | 11.8% |
| Uruguay | N/A | N/A | 0.6 | 1.5 | 150.0% |
| Argentina | 27.3 | 128 | 65.4 | 0.1 | -84.6% |
| Others | 0.2 | 0.3 | 0.6 | 0.3 | 14.5% |
| Total | 34.1 | 170 | 108 | 29.4 | -4.8% |
Top Suppliers of Soybean Oil to Brazil in 2022:
- Paraguay (21.3K tons)
- Bolivia (3.6K tons)
- Uruguay (1.1K tons)
- Argentina (0.1K tons)
This report provides an in-depth analysis of the 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:
- FCL 237 - Oil of Soybeans
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
- 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 VOLUME AND VALUE
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
- 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
- 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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This report provides an in-depth analysis of the soybean oil market in Brazil.
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This report provides an in-depth analysis of the soybean oil market in Brazil.
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This report provides an in-depth analysis of the crude soybean oil market in Brazil.
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This report provides an in-depth analysis of the refined soybean oil market in Brazil.
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This report provides an in-depth analysis of the global soybean oil market.
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Global Soybean Oil Market Report 2019. This report provides an in-depth analysis of the global soybean oil market.
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This report provides an in-depth analysis of the global crude soybean oil market.
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This report provides an in-depth analysis of the global refined soybean oil market.
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This report provides an in-depth analysis of the soybean oil market in Brazil.
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This report provides an in-depth analysis of the soybean oil market in Brazil.
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The price of Soybean Oil, originating from Brazil and sold on a Free on Board basis, reached $976 per ton in June 2023. This marked a decrease of 3.8% compared to the previous month.
138
In November 2023, exports saw a significant growth rate of 64%, with a total value of crude soybean oil exports reaching $46M in January 2024.
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In February 2023, the crude soybean oil price amounted to $1,173 per ton (FOB, Brazil), with a decrease of -6.9% against the previous month.
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In February 2023, the refined soybean oil price amounted to $1,733 per ton (FOB, Brazil), picking up by 6.7% against the previous month.
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In 2022, soybean oil prices are forecast to rise by nearly 4% to $1,425 per ton, driven by boosting demand for biofuels. In 2021, the average annual soybean oil price skyrocketed, rising 65% y-o-y to $1,385 per ton. India remains the world’s largest soybean oil importer, while Argentina holds the position of the leading global supplier.
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The soybean oil market indicates steady growth, despite the COVID-19 pandemic cut demand for biofuel. The competitive price of soybean oil, against the price for sunflower and palm oil, combined with the potential growth in demand for biofuels and increasingly robust environmental standards, signal tangible prospects for the further development of the soybean oil market.
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Global soybean oil consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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Global soybean oil exports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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Global soybean oil imports amounted to X thousand tons in 2015, jumping by +X% against the previous year level.
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In 2015, the countries with the highest levels of production were China (X thousand tons), the United States (X thousand tons), Brazil (X thousand tons), together accounting for X% of total output.
