Brazil: Soybean Oilcake Market 2024

Soybean Oilcake Market Size in Brazil

The Brazilian soybean oilcake market contracted notably to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Soybean Oilcake Production in Brazil

In value terms, soybean oilcake production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Soybean oilcake production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Soybean Oilcake Exports

Exports from Brazil

In 2022, shipments abroad of soybean oilcake increased by X% to X tons, rising for the fifth consecutive year after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, soybean oilcake exports soared to $X in 2022. Overall, total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia (X tons), Thailand (X tons) and the Netherlands (X tons) were the main destinations of soybean oilcake exports from Brazil, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and the Netherlands ($X) constituted the largest markets for soybean oilcake exported from Brazil worldwide, with a combined X% share of total exports.

Indonesia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average soybean oilcake export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price showed a modest increase. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Italy ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Soybean Oilcake Imports

Imports into Brazil

In 2022, overseas purchases of soybean oilcake decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, soybean oilcake imports fell to $X in 2022. In general, imports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Paraguay (X tons) was the main soybean oilcake supplier to Brazil, with a X% share of total imports. Moreover, soybean oilcake imports from Paraguay exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Paraguay amounted to X%.

In value terms, Paraguay ($X) constituted the largest supplier of soybean oilcake to Brazil, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Paraguay was relatively modest.

Import Prices by Country

In 2022, the average soybean oilcake import price amounted to $X per ton, surging by X% against the previous year. In general, the import price saw a noticeable increase. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Paraguay amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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