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Asia - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends And Insights
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Asia: Crude Soybean Oil Market Overview 2021

Crude Soybean Oil Market Size in Asia

In 2020, the Asian crude soybean oil market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2020, consumption failed to regain the momentum.

Crude Soybean Oil Production in Asia

In value terms, crude soybean oil production declined slightly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, production attained the peak level at $X in 2019, and then contracted modestly in the following year.

Production By Country in Asia

China (X tonnes) remains the largest crude soybean oil producing country in Asia, accounting for X% of total volume. Moreover, crude soybean oil production in China exceeded the figures recorded by the second-largest producer, Japan (X tonnes), fourfold. The third position in this ranking was occupied by Indonesia (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in China amounted to +X%. The remaining producing countries recorded the following average annual rates of production growth: Japan (+X% per year) and Indonesia (+X% per year).

Crude Soybean Oil Exports

Exports in Asia

In 2020, shipments abroad of crude soybean oil decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Overall, exports, however, saw a moderate expansion. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. The volume of export peaked at X tonnes in 2011; however, from 2012 to 2020, exports remained at a lower figure.

In value terms, crude soybean oil exports dropped to $X in 2020. In general, exports, however, posted a measured expansion. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

Malaysia was the major exporter of crude soybean oil in Asia, with the volume of exports resulting at X tonnes, which was approx. X% of total exports in 2020. Singapore (X tonnes) held the second position in the ranking, followed by Turkey (X tonnes), China (X tonnes), Kazakhstan (X tonnes) and Viet Nam (X tonnes). All these countries together occupied near X% share of total exports. Saudi Arabia (X tonnes) occupied a relatively small share of total exports.

From 2007 to 2020, average annual rates of growth with regard to crude soybean oil exports from Malaysia stood at +X%. At the same time, Viet Nam (+X%), Turkey (+X%), Kazakhstan (+X%) and Singapore (+X%) displayed positive paces of growth. Moreover, Viet Nam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. By contrast, Saudi Arabia (-X%) and China (-X%) illustrated a downward trend over the same period. Malaysia (+X p.p.), Singapore (+X p.p.), Turkey (+X p.p.), Kazakhstan (+X p.p.) and Viet Nam (+X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia and China saw its share reduced by -X% and -X% from 2007 to 2020, respectively.

In value terms, Malaysia ($X) remains the largest crude soybean oil supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total exports. It was followed by China, with a X% share.

In Malaysia, crude soybean oil exports increased at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (+X% per year) and China (-X% per year).

Export Prices by Country

In 2020, the crude soybean oil export price in Asia amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. Over the period under review, export prices attained the maximum at $X per tonne in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in China ($X per tonne) and Malaysia ($X per tonne), while Viet Nam ($X per tonne) and Singapore ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Viet Nam, while the other leaders experienced more modest paces of growth.

Crude Soybean Oil Imports

Imports in Asia

In 2020, purchases abroad of crude soybean oil increased by X% to X tonnes, rising for the second consecutive year after three years of decline. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. From 2016 to 2020, the growth imports failed to regain the momentum.

In value terms, crude soybean oil imports soared to $X in 2020. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. The level of import peaked at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

India was the largest importer of crude soybean oil in Asia, with the volume of imports recording X tonnes, which was approx. X% of total imports in 2020. It was distantly followed by China (X tonnes), Bangladesh (X tonnes) and South Korea (X tonnes), together comprising a X% share of total imports. The following importers - Iran (X tonnes) and Pakistan (X tonnes) - each resulted at a X% share of total imports.

India was also the fastest-growing in terms of the crude soybean oil imports, with a CAGR of +X% from 2007 to 2020. At the same time, Pakistan (+X%) displayed positive paces of growth. South Korea and Bangladesh experienced a relatively flat trend pattern. By contrast, China (-X%) and Iran (-X%) illustrated a downward trend over the same period. While the share of India (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Iran (-X p.p.) and China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported crude soybean oil in Asia, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in India stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: China (-X% per year) and Bangladesh (-X% per year).

Import Prices by Country

In 2020, the crude soybean oil import price in Asia amounted to $X per tonne, increasing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. The level of import peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2020, major importing countries recorded the following prices: in India ($X per tonne) and China ($X per tonne), while Pakistan ($X per tonne) and Bangladesh ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude soybean oil in Asia?
+
The countries with the highest volumes of crude soybean oil consumption in 2020 were China (4.6M tonnes), India (3.6M tonnes) and Bangladesh (846K tonnes), together comprising 58% of total consumption.
What are the largest producers of crude soybean oil in Asia?
+
China (3.7M tonnes) remains the largest crude soybean oil producing country in Asia, accounting for 39% of total volume. Moreover, crude soybean oil production in China exceeded the figures recorded by the second-largest producer, Japan (821K tonnes), fourfold. The third position in this ranking was occupied by Indonesia (731K tonnes), with a 7.7% share.
What are the leading exporters of crude soybean oil in Asia?
+
In value terms, Malaysia ($52M) remains the largest crude soybean oil supplier in Asia, comprising 35% of total exports. The second position in the ranking was occupied by Singapore ($17M), with a 12% share of total exports. It was followed by China, with a 11% share.
What are the leading importers of crude soybean oil in Asia?
+
In value terms, India ($2.8B) constitutes the largest market for imported crude soybean oil in Asia, comprising 59% of total imports. The second position in the ranking was occupied by China ($707M), with a 15% share of total imports. It was followed by Bangladesh, with a 12% share.
What is the average export price for crude soybean oil in Asia?
+
In 2020, the crude soybean oil export price in Asia amounted to $812 per tonne, rising by 2% against the previous year.
What is the average import price for crude soybean oil in Asia?
+
The crude soybean oil import price in Asia stood at $756 per tonne in 2020, growing by 6.3% against the previous year.

Product coverage:
• Prodcom 10412100 - Crude soya-bean oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the crude soybean oil market in Asia. 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 2025.


Country coverage:
• Afghanistan
• Armenia
• Bahrain
• Bhutan
• Brunei Darussalam
• Cambodia
• China, Macao SAR
• Cyprus
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Maldives
• Mongolia
• Nepal
• Palestine
• Syrian Arab Republic
• Taiwan, Chinese
• Tajikistan
• Timor-Leste
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• China, Hong Kong SAR
• China, Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan, Chinese
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Viet Nam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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