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Asia - Refined Soybean Oil And Its Fractions - Market Analysis, Forecast, Size, Trends And Insights
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Asia: Refined Soybean Oil Market Overview 2021

Refined Soybean Oil Market Size in Asia

In 2019, the Asian refined soybean oil market decreased by -X% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2009 to 2019, the growth of the market failed to regain the momentum.

Refined Soybean Oil Production in Asia

In value terms, refined soybean oil production dropped modestly to $X in 2019 estimated in export prices. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2019, production failed to regain the momentum.

Production By Country in Asia

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

In China, refined soybean oil production remained relatively stable over the period from 2007-2019. The remaining producing countries recorded the following average annual rates of production growth: India (+X% per year) and Japan (+X% per year).

Refined Soybean Oil Exports

Exports in Asia

In 2019, overseas shipments of refined soybean oil and its fractions increased by X% to X tonnes, rising for the third consecutive year after two years of decline. Total exports indicated a perceptible increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, exports attained the maximum in 2019 and are likely to see steady growth in the immediate term.

In value terms, refined soybean oil exports reached $X in 2019. Total exports indicated a noticeable expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum in 2019 and are expected to retain growth in years to come.

Exports by Country

China was the main exporter of refined soybean oil and its fractions in Asia, with the volume of exports amounting to X tonnes, which was approx. X% of total exports in 2019. It was distantly followed by Malaysia (X tonnes) and Thailand (X tonnes), together mixing up a X% share of total exports. The following exporters - Saudi Arabia (X tonnes), Viet Nam (X tonnes) and Hong Kong SAR (X tonnes) - together made up X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Saudi Arabia, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest refined soybean oil supplying countries in Asia were China ($X), Malaysia ($X) and Thailand ($X), with a combined X% share of total exports. These countries were followed by Saudi Arabia, Viet Nam and Hong Kong SAR, which together accounted for a further X terms of the main exporting countries, Saudi Arabia saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The refined soybean oil export price in Asia stood at $X per tonne in 2019, dropping by -X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the export prices failed to regain the momentum.

Average prices varied somewhat amongst the major exporting countries. In 2019, major exporting countries recorded the following prices: in Hong Kong SAR ($X per tonne) and Viet Nam ($X per tonne), while Saudi Arabia ($X per tonne) and Thailand ($X per tonne) were amongst the lowest.

From 2007 to 2019, 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.

Refined Soybean Oil Imports

Imports in Asia

In 2019, supplies from abroad of refined soybean oil and its fractions increased by X% to X tonnes, rising for the third year in a row after two years of decline. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. The volume of import peaked in 2019 and is likely to continue growth in the near future.

In value terms, refined soybean oil imports stood at $X in 2019. Total imports indicated a modest expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2009 to 2019, the growth imports remained at a lower figure.

Imports by Country

Democratic People's Republic of Korea was the major importing country with an import of around X tonnes, which reached X% of total imports. It was distantly followed by Hong Kong SAR (X tonnes), China (X tonnes), Indonesia (X tonnes) and the Philippines (X tonnes), together achieving a X% share of total imports. The following importers - Jordan (X tonnes), Oman (X tonnes), Singapore (X tonnes), India (X tonnes), Viet Nam (X tonnes), South Korea (X tonnes), Malaysia (X tonnes) and Kuwait (X tonnes) - together made up X% of total imports.

Democratic People's Republic of Korea was also the fastest-growing in terms of the refined soybean oil and its fractions imports, with a CAGR of +X% from 2007 to 2019. At the same time, Malaysia (+X%), Viet Nam (+X%), Kuwait (+X%), Indonesia (+X%), the Philippines (+X%), China (+X%) and Hong Kong SAR (+X%) displayed positive paces of growth. India and Oman experienced a relatively flat trend pattern. By contrast, Jordan (-X%), South Korea (-X%) and Singapore (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Democratic People's Republic of Korea, Indonesia and Malaysia increased by +X%, +X% and +X% percentage points, while South Korea (-X p.p.), Jordan (-X p.p.) and Singapore (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Democratic People's Republic of Korea ($X) constitutes the largest market for imported refined soybean oil and its fractions in Asia, comprising X% of total imports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2007 to 2019, the average annual growth rate of value in Democratic People's Republic of Korea amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+X% per year) and Indonesia (+X% per year).

Import Prices by Country

The refined soybean oil import price in Asia stood at $X per tonne in 2019, shrinking by -X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the import price increased by X% year-to-year. Over the period under review, import prices hit record highs at $X per tonne in 2012; however, from 2013 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per tonne), while Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined soybean oil and its fractions in Asia?
+
China (1.8M tonnes) remains the largest refined soybean oil consuming country in Asia, comprising approx. 33% of total volume. Moreover, refined soybean oil consumption in China exceeded the figures recorded by the second-largest consumer, India (734K tonnes), twofold. Japan (414K tonnes) ranked third in terms of total consumption with a 7.6% share.
What are the largest producers of refined soybean oil and its fractions in Asia?
+
The country with the largest volume of refined soybean oil production was China (2M tonnes), comprising approx. 36% of total volume. Moreover, refined soybean oil production in China exceeded the figures recorded by the second-largest producer, India (723K tonnes), threefold. The third position in this ranking was occupied by Japan (412K tonnes), with a 7.6% share.
What are the leading suppliers of refined soybean oil and its fractions in Asia?
+
In value terms, China ($183M), Malaysia ($104M) and Thailand ($63M) were the countries with the highest levels of exports in 2019, with a combined 87% share of total exports. These countries were followed by Saudi Arabia, Viet Nam and Hong Kong SAR, which together accounted for a further 7%.
What are the leading importers of refined soybean oil and its fractions in Asia?
+
In value terms, Democratic People's Republic of Korea ($120M) constitutes the largest market for imported refined soybean oil and its fractions in Asia, comprising 30% of total imports. The second position in the ranking was occupied by Hong Kong SAR ($40M), with a 10% share of total imports. It was followed by Indonesia, with a 8.3% share.
What is the average export price for refined soybean oil and its fractions in Asia?
+
The refined soybean oil export price in Asia stood at $949 per tonne in 2019, declining by -4% against the previous year.
What is the average import price for refined soybean oil and its fractions in Asia?
+
The refined soybean oil import price in Asia stood at $992 per tonne in 2019, dropping by -1.9% against the previous year.

Product coverage:
• Prodcom 10415100 - Refined soya-bean oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined 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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