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Australia and Oceania - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends And Insights
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Australia and Oceania: Crude Soybean Oil Market Overview 2021

Crude Soybean Oil Market Size in Australia and Oceania

In 2020, the crude soybean oil market in Australia and Oceania increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Crude Soybean Oil Production in Australia and Oceania

In value terms, crude soybean oil production surged to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. The level of production peaked in 2020 and is expected to retain growth in the immediate term.

Production By Country in Australia and Oceania

Australia (X tonnes) remains the largest crude soybean oil producing country in Australia and Oceania, accounting for X% of total volume. Moreover, crude soybean oil production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tonnes), fivefold.

From 2007 to 2020, the average annual rate of growth in terms of volume in Australia totaled +X%. The remaining producing countries recorded the following average annual rates of production growth: New Zealand (+X% per year) and Papua New Guinea (+X% per year).

Crude Soybean Oil Exports

Exports in Australia and Oceania

In 2020, crude soybean oil exports in Australia and Oceania reduced to X tonnes, with a decrease of -X% compared with the year before. Over the period under review, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked at X tonnes in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, crude soybean oil exports declined to $X in 2020. In general, exports showed a abrupt decline. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

In 2020, New Zealand (X tonnes) represented the major exporter of crude soybean oil, making up X% of total exports. Fiji (X tonnes) ranks second in terms of the total exports with a X% share, followed by Australia (X%).

New Zealand was also the fastest-growing in terms of the crude soybean oil exports, with a CAGR of -X% from 2007 to 2020. Fiji (-X%) and Australia (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of New Zealand and Fiji increased by +X% and +X% percentage points, while Australia (-X p.p.) saw their share reduced.

In value terms, the largest crude soybean oil supplying countries in Australia and Oceania were New Zealand ($X), Fiji ($X) and Australia ($X recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The crude soybean oil export price in Australia and Oceania stood at $X per tonne in 2020, increasing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the export price increased by X% y-o-y. The level of export peaked at $X per tonne in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Fiji ($X per tonne), while New Zealand ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Fiji, while the other leaders experienced mixed trends in the export price figures.

Crude Soybean Oil Imports

Imports in Australia and Oceania

In 2020, approx. X tonnes of crude soybean oil were imported in Australia and Oceania; growing by X% against the previous year. In general, imports, however, recorded a slight curtailment. Over the period under review, imports reached the peak figure at X tonnes in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, crude soybean oil imports surged to $X in 2020. Over the period under review, imports, however, showed a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Australia represented the major importing country with an import of around X tonnes, which finished at X% of total imports. Tuvalu (X tonnes) ranks second in terms of the total imports with a X% share, followed by Cook Islands (X%), Guam (X%), Nauru (X%), Northern Mariana Islands (X%) and Marshall Islands (X%).

From 2007 to 2020, average annual rates of growth with regard to crude soybean oil imports into Australia stood at -X%. At the same time, Guam (+X%), Nauru (+X%), Tuvalu (+X%), Cook Islands (+X%), Northern Mariana Islands (+X%) and Marshall Islands (+X%) displayed positive paces of growth. Moreover, Guam emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of Nauru, Northern Mariana Islands, Guam, Tuvalu, Cook Islands and Marshall Islands increased by +X%, +X%, +X%, +X%, +X% and +X% percentage points, while Australia (-X p.p.) saw their share reduced.

In value terms, Australia ($X) constitutes the largest market for imported crude soybean oil in Australia and Oceania, comprising X% of total imports. The second position in the ranking was occupied by Nauru ($X), with a X% share of total imports. It was followed by Marshall Islands, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Australia amounted to -X%. The remaining importing countries recorded the following average annual rates of imports growth: Nauru (+X% per year) and Marshall Islands (+X% per year).

Import Prices by Country

In 2020, the crude soybean oil import price in Australia and Oceania amounted to $X per tonne, waning by -X% against the previous year. Overall, 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% y-o-y. Over the period under review, import prices hit record highs 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 Australia ($X per tonne) and Nauru ($X per tonne), while Tuvalu ($X per tonne) and Guam ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Marshall Islands, 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 Australia and Oceania?
+
Australia (227K tonnes) remains the largest crude soybean oil consuming country in Australia and Oceania, comprising approx. 75% of total volume. Moreover, crude soybean oil consumption in Australia exceeded the figures recorded by the second-largest consumer, New Zealand (43K tonnes), fivefold.
What are the largest producers of crude soybean oil in Australia and Oceania?
+
The country with the largest volume of crude soybean oil production was Australia (224K tonnes), accounting for 77% of total volume. Moreover, crude soybean oil production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (43K tonnes), fivefold.
What are the leading suppliers of crude soybean oil in Australia and Oceania?
+
In value terms, the largest crude soybean oil supplying countries in Australia and Oceania were New Zealand ($89K), Fiji ($72K) and Australia ($34K).
What are the leading importers of crude soybean oil in Australia and Oceania?
+
In value terms, Australia ($2.8M) constitutes the largest market for imported crude soybean oil in Australia and Oceania, comprising 29% of total imports. The second position in the ranking was occupied by Nauru ($959K), with a 10% share of total imports. It was followed by Marshall Islands, with a 10% share.
What is the average export price for crude soybean oil in Australia and Oceania?
+
The crude soybean oil export price in Australia and Oceania stood at $1,092 per tonne in 2020, rising by 6.8% against the previous year.
What is the average import price for crude soybean oil in Australia and Oceania?
+
In 2020, the crude soybean oil import price in Australia and Oceania amounted to $884 per tonne, falling by -4.3% 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 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 2025.


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
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

• 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 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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