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Belgium - Soybean Oil - Market Analysis, Forecast, Size, Trends and Insights
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Belgium: Soybean Oil Market Overview 2021

Soybean Oil Market Size in Belgium

The Belgian soybean oil market shrank to $X in 2020, with a decrease of -X% against the previous year. In general, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2012 to 2020, the growth of the market remained at a somewhat lower figure.

Soybean Oil Production in Belgium

In value terms, soybean oil production fell notably to $X in 2020 estimated in export prices. Over the period under review, production saw a slight curtailment. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2008; however, from 2009 to 2020, production stood at a somewhat lower figure.

Soybean Oil Exports

Exports from Belgium

Soybean oil exports from Belgium soared to X tonnes in 2020, growing by X% on the previous year. Overall, exports, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, soybean oil exports skyrocketed to $X in 2020. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

South Korea (X tonnes) was the main destination for soybean oil exports from Belgium, with a X% share of total exports. Moreover, soybean oil exports to South Korea exceeded the volume sent to the second major destination, the Netherlands (X tonnes), threefold. Tunisia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to South Korea stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-X% per year) and Tunisia (+X% per year).

In value terms, South Korea ($X) remains the key foreign market for soybean oil exports from Belgium, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports. It was followed by Ireland, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to South Korea amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-X% per year) and Ireland (-X% per year).

Export Prices by Country

In 2020, the average soybean oil export price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2012 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Ireland, while the prices for the other major destinations experienced more modest paces of growth.

Soybean Oil Imports

Imports into Belgium

Soybean oil imports into Belgium rose markedly to X tonnes in 2020, increasing by X% on the previous year's figure. Over the period under review, imports, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tonnes in 2008; however, from 2009 to 2020, imports remained at a lower figure.

In value terms, soybean oil imports stood at $X in 2020. In general, imports, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the Netherlands (X tonnes) constituted the largest soybean oil supplier to Belgium, accounting for a X% share of total imports. Moreover, soybean oil imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Hungary (X tonnes), more than tenfold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the Netherlands stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+X% per year) and Germany (+X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of soybean oil to Belgium, comprising X% of total imports. The second position in the ranking was occupied by Hungary ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from the Netherlands amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2020, the average soybean oil import price amounted to $X per tonne, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the maximum at $X per tonne in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, the countries with the highest prices were France ($X per tonne) and Germany ($X per tonne), while the price for the Netherlands ($X per tonne) and Hungary ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for soybean oil in the world?
+
China (40M tonnes) remains the largest soybean oil consuming country worldwide, comprising approx. 48% of total volume. Moreover, soybean oil consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (10M tonnes), fourfold. The third position in this ranking was occupied by Brazil (9.4M tonnes), with a 11% share.
What are the largest producers of soybean oil in the world?
+
China (39M tonnes) constituted the country with the largest volume of soybean oil production, accounting for 48% of total volume. Moreover, soybean oil production in China exceeded the figures recorded by the second-largest producer, the U.S. (11M tonnes), threefold. Brazil (10M tonnes) ranked third in terms of total production with a 12% share.
What are the leading suppliers of soybean oil to Belgium?
+
In value terms, the Netherlands ($88M) constituted the largest supplier of soybean oil to Belgium, comprising 83% of total imports. The second position in the ranking was occupied by Hungary ($6.1M), with a 5.7% share of total imports. It was followed by Germany, with a 4.9% share.
What are the leading importers of soybean oil from Belgium?
+
In value terms, South Korea ($17M) remains the key foreign market for soybean oil exports from Belgium, comprising 30% of total exports. The second position in the ranking was occupied by the Netherlands ($6.5M), with a 11% share of total exports. It was followed by Ireland, with a 8.4% share.
What is the average export price for soybean oil in Belgium?
+
In 2020, the average soybean oil export price amounted to $975 per tonne, dropping by -13.1% against the previous year.
What is the average import price for soybean oil in Belgium?
+
In 2020, the average soybean oil import price amounted to $822 per tonne, rising by 4.5% against the previous year.

Product coverage:
• FCL 237 - Oil of Soybeans

This report provides an in-depth analysis of the soybean oil market in Belgium. 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:
• Belgium

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Belgium
• 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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