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

Crude Soybean Oil Market Size in Australia

In 2019, the Australian crude soybean oil market decreased by -X% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Crude soybean oil consumption peaked at $X in 2016; however, from 2017 to 2019, consumption failed to regain the momentum.

Crude Soybean Oil Production in Australia

In value terms, crude soybean oil production dropped markedly to $X in 2019 estimated in export prices. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% against the previous year. Crude soybean oil production peaked at $X in 2016; however, from 2017 to 2019, production remained at a lower figure.

Crude Soybean Oil Exports

Exports from Australia

In 2019, shipments abroad of crude soybean oil increased by X% to X tonnes, rising for the fourth consecutive year after two years of decline. In general, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, crude soybean oil exports declined notably to $X in 2019. Over the period under review, exports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

Fiji (X tonnes) was the main destination for crude soybean oil exports from Australia, with a X% share of total exports. Moreover, crude soybean oil exports to Fiji exceeded the volume sent to the second major destination, Malaysia (X tonnes), twofold. The third position in this ranking was occupied by New Zealand (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Fiji stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and New Zealand (-X% per year).

In value terms, Fiji ($X) emerged as the key foreign market for crude soybean oil exports from Australia, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by New Zealand, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Fiji stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and New Zealand (-X% per year).

Export Prices by Country

The average crude soybean oil export price stood at $X per tonne in 2019, reducing by -X% against the previous year. Overall, the export price saw a perceptible curtailment. The growth pace was the most rapid in 2008 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR ($X per tonne), while the average price for exports to Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand, while the prices for the other major destinations experienced a decline.

Crude Soybean Oil Imports

Imports into Australia

In 2019, imports of crude soybean oil into Australia shrank modestly to X tonnes, waning by -X% against the previous year's figure. Over the period under review, imports showed a deep setback. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, crude soybean oil imports rose to $X in 2019. Overall, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2012 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. From 2013 to 2019, the growth imports failed to regain the momentum.

Imports by Country

In 2019, Brazil (X tonnes) constituted the largest crude soybean oil supplier to Australia, with a X% share of total imports. Moreover, crude soybean oil imports from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X tonnes), sixfold.

From 2007 to 2019, the average annual growth rate of volume from Brazil totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-X% per year) and the U.S. (+X% per year).

In value terms, Brazil ($X) constituted the largest supplier of crude soybean oil to Australia, comprising X% of total imports. The second position in the ranking was occupied by Argentina ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from Brazil stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-X% per year) and the U.S. (+X% per year).

Import Prices by Country

In 2019, the average crude soybean oil import price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, import price indicated slight growth from 2007 to 2019: its price 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, crude soybean oil import price decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% y-o-y. Over the period under review, average 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 origin; the country with the highest price was the U.S. ($X per tonne), while the price for Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude soybean oil in the world?
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The countries with the highest volumes of crude soybean oil consumption in 2019 were China (4.4M tonnes), India (3.1M tonnes) and the U.S. (1.8M tonnes), with a combined 31% share of global consumption. These countries were followed by Japan, Russia, Algeria, Indonesia, Brazil, Bangladesh, Pakistan, Mexico, Morocco and Germany, which together accounted for a further 24%.
What are the largest producers of crude soybean oil in the world?
+
The countries with the highest volumes of crude soybean oil production in 2019 were Argentina (5.1M tonnes), China (3.8M tonnes) and the U.S. (2.6M tonnes), together comprising 38% of global production.
What are the leading suppliers of crude soybean oil to Australia?
+
In value terms, Brazil ($2.5M) constituted the largest supplier of crude soybean oil to Australia, comprising 75% of total imports. The second position in the ranking was occupied by Argentina ($424K), with a 13% share of total imports.
What are the leading importers of crude soybean oil from Australia?
+
In value terms, Fiji ($76K) emerged as the key foreign market for crude soybean oil exports from Australia, comprising 56% of total exports. The second position in the ranking was occupied by Malaysia ($32K), with a 23% share of total exports. It was followed by New Zealand, with a 16% share.
What is the average export price for crude soybean oil in Australia?
+
The average crude soybean oil export price stood at $613 per tonne in 2019, reducing by -28.9% against the previous year.
What is the average import price for crude soybean oil in Australia?
+
In 2019, the average crude soybean oil import price amounted to $870 per tonne, rising by 5.1% 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. 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:
• Australia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Australia
• 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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
8. IMPORTS

The Largest Import Supplying Countries

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

The Largest Destinations for Exports

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

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 In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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