Report Australia and Oceania - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 21, 2023

Australia and Oceania - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends and Insights

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Australia and Oceania: Crude Soybean Oil Market 2023

Crude Soybean Oil Market Size in Australia and Oceania

In 2021, the crude soybean oil market in Australia and Oceania was finally on the rise to reach $X for the first time since 2012, thus ending a eight-year declining trend. In general, consumption, however, saw a abrupt slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Crude Soybean Oil Production in Australia and Oceania

In value terms, crude soybean oil production shrank notably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by 45% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Crude Soybean Oil Exports

Exports in Australia and Oceania

In 2021, shipments abroad of crude soybean oil was finally on the rise to reach X tons after three years of decline. Overall, exports, however, saw a abrupt decrease. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, crude soybean oil exports surged to $X in 2021. In general, exports, however, continue to indicate a abrupt descent. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Australia (X tons) was the largest exporter of crude soybean oil, comprising 64% of total exports. New Zealand (X tons) took a 24% share (based on physical terms) of total exports, which put it in second place, followed by Fiji (12%).

From 2012 to 2021, average annual rates of growth with regard to crude soybean oil exports from Australia stood at -13.4%. At the same time, Fiji (+1.2%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +1.2% from 2012-2021. By contrast, New Zealand (-3.1%) illustrated a downward trend over the same period. While the share of New Zealand (+13 p.p.) and Fiji (+8.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-20.7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) emerged as the largest crude soybean oil supplier in Australia and Oceania, comprising 76% of total exports. The second position in the ranking was held by New Zealand ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia totaled -12.9%. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (-10.6% per year) and Fiji (+1.1% per year).

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, increasing by 44% against the previous year. Overall, the export price, however, saw a slight shrinkage. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Australia ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+0.5%), while the other leaders experienced a decline in the export price figures.

Crude Soybean Oil Imports

Imports in Australia and Oceania

In 2021, the amount of crude soybean oil imported in Australia and Oceania soared to X tons, jumping by 47% on the previous year's figure. Over the period under review, imports, however, recorded a noticeable downturn. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, crude soybean oil imports soared to $X in 2021. Overall, imports, however, continue to indicate a noticeable shrinkage. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Australia was the largest importer of crude soybean oil in Australia and Oceania, with the volume of imports amounting to X tons, which was near 72% of total imports in 2021. Fiji (X tons) held the second position in the ranking, distantly followed by Papua New Guinea (X tons). All these countries together took approx. 21% share of total imports. The following importers - New Zealand (X tons) and New Caledonia (X tons) - together made up 4.6% of total imports.

Imports into Australia decreased at an average annual rate of -4.3% from 2012 to 2021. At the same time, Papua New Guinea (+27.2%), New Caledonia (+24.3%) and Fiji (+20.2%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +27.2% from 2012-2021. By contrast, New Zealand (-17.9%) illustrated a downward trend over the same period. While the share of Fiji (+13 p.p.) and Papua New Guinea (+5.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-4.6 p.p.) and New Zealand (-9.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported crude soybean oil in Australia and Oceania, comprising 73% of total imports. The second position in the ranking was taken by Fiji ($X), with a 13% share of total imports. It was followed by Papua New Guinea, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at -3.9%. The remaining importing countries recorded the following average annual rates of imports growth: Fiji (+15.4% per year) and Papua New Guinea (+29.2% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, surging by 43% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Australia ($X per ton) and Papua New Guinea ($X per ton), while New Zealand ($X per ton) and New Caledonia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+1.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for crude soybean oil in Australia and Oceania?
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Australia constituted the country with the largest volume of crude soybean oil consumption, accounting for 84% of total volume. Moreover, crude soybean oil consumption in Australia exceeded the figures recorded by the second-largest consumer, Fiji, tenfold.
What are the largest producers of crude soybean oil in Australia and Oceania?
+
Australia constituted the country with the largest volume of crude soybean oil production, accounting for 100% of total volume.
What are the leading exporters of crude soybean oil in Australia and Oceania?
+
In value terms, Australia emerged as the largest crude soybean oil supplier in Australia and Oceania, comprising 76% of total exports. The second position in the ranking was held by New Zealand, with a 13% share of total exports.
What are the leading importers of crude soybean oil in Australia and Oceania?
+
In value terms, Australia constitutes the largest market for imported crude soybean oil in Australia and Oceania, comprising 73% of total imports. The second position in the ranking was held by Fiji, with a 13% share of total imports. It was followed by Papua New Guinea, with a 5.7% share.
What is the average export price for crude soybean oil in Australia and Oceania?
+
The export price in Australia and Oceania stood at $1,426 per ton in 2021, surging by 44% against the previous year.
What is the average import price for crude soybean oil in Australia and Oceania?
+
The import price in Australia and Oceania stood at $1,421 per ton in 2021, rising by 43% against the previous year.

This report provides an in-depth analysis of the crude soybean oil market in Australia and Oceania. 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:
• American Samoa
• Cook Islands
• Fiji
• French Polynesia
• Guam
• Kiribati
• Marshall Islands
• Micronesia
• Nauru
• New Caledonia
• Niue
• Northern Mariana Islands
• Palau
• Papua New Guinea
• Samoa
• Solomon Islands
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Wallis and Futuna Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Australia and Oceania, split by region and country
• Trade (exports and imports) in Australia and Oceania
• 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
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

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 PRODUCT

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 2012–2022
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 2012–2022
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

• Australia
• Cook Islands
• Fiji
• French Polynesia
• Kiribati
• Marshall Islands
• Micronesia
• New Caledonia
• New Zealand
• Northern Mariana Islands
• Palau
• Papua New Guinea
• Samoa
• Solomon Islands
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Wallis and Futuna Islands
• American Samoa
• Nauru
• Niue
• Guam
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
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, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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