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China - Refined Soybean Oil And Its Fractions - Market Analysis, Forecast, Size, Trends And Insights
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China: Refined Soybean Oil Market Overview 2021

Refined Soybean Oil Market Size in China

The Chinese refined soybean oil market reached $X in 2019, remaining constant against the previous year. Overall, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.

Refined Soybean Oil Production in China

In value terms, refined soybean oil production reached $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2019, production remained at a lower figure.

Refined Soybean Oil Exports

Exports from China

For the third consecutive year, China recorded growth in shipments abroad of refined soybean oil and its fractions, which increased by X% to X tonnes in 2019. Over the period under review, exports showed prominent growth. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Exports peaked in 2019 and are expected to retain growth in years to come.

In value terms, refined soybean oil exports amounted to $X in 2019. Overall, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. Exports peaked in 2019 and are expected to retain growth in the immediate term.

Exports by Country

Democratic People's Republic of Korea (X tonnes) was the main destination for refined soybean oil exports from China, with a X% share of total exports. Moreover, refined soybean oil exports to Democratic People's Republic of Korea exceeded the volume sent to the second major destination, Hong Kong SAR (X tonnes), twofold. Venezuela (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Democratic People's Republic of Korea stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and Venezuela (+X% per year).

In value terms, Democratic People's Republic of Korea ($X) remains the key foreign market for refined soybean oil exports from China, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Venezuela, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Democratic People's Republic of Korea stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and Venezuela (+X% per year).

Export Prices by Country

The average refined soybean oil export price stood at $X per tonne in 2019, approximately mirroring the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2012; however, from 2013 to 2019, export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2019, the highest prices were recorded for prices to Democratic People's Republic of Korea ($X per tonne) and Venezuela ($X per tonne), while the average price for exports to Hong Kong SAR ($X per tonne) and Malaysia ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Democratic People's Republic of Korea, while the prices for the other major destinations experienced a decline.

Refined Soybean Oil Imports

Imports into China

In 2019, supplies from abroad of refined soybean oil and its fractions increased by X% to X tonnes, rising for the fourth year in a row after four years of decline. In general, imports recorded perceptible growth. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at X tonnes in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

In value terms, refined soybean oil imports reached $X in 2019. Over the period under review, imports posted pronounced growth. The growth pace was the most rapid in 2008 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2009 to 2019, the growth imports failed to regain the momentum.

Imports by Country

In 2019, Russia (X tonnes) constituted the largest refined soybean oil supplier to China, accounting for a X% share of total imports. Moreover, refined soybean oil imports from Russia exceeded the figures recorded by the second-largest supplier, Viet Nam (X tonnes), more than tenfold.

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

In value terms, Russia ($X) constituted the largest supplier of refined soybean oil to China, comprising X% of total imports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from Russia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Viet Nam (-X% per year) and Sweden (+X% per year).

Import Prices by Country

The average refined soybean oil import price stood at $X per tonne in 2019, leveling off at the previous year. In general, the import price, however, recorded a modest expansion. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Sweden ($X per tonne), while the price for Russia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Viet Nam, 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 refined soybean oil and its fractions in the world?
+
The country with the largest volume of refined soybean oil consumption was China (1.8M tonnes), accounting for 16% of total volume. Moreover, refined soybean oil consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (808K tonnes), twofold. India (734K tonnes) ranked third in terms of total consumption with a 6.6% share.
What are the largest producers of refined soybean oil and its fractions in the world?
+
China (2M tonnes) constituted the country with the largest volume of refined soybean oil production, accounting for 17% of total volume. Moreover, refined soybean oil production in China exceeded the figures recorded by the second-largest producer, the U.S. (806K tonnes), twofold. The third position in this ranking was occupied by India (723K tonnes), with a 6.4% share.
What are the leading suppliers of refined soybean oil and its fractions to China?
+
In value terms, Russia ($24M) constituted the largest supplier of refined soybean oil to China, comprising 83% of total imports. The second position in the ranking was occupied by Viet Nam ($2.3M), with a 8% share of total imports.
What are the leading importers of refined soybean oil and its fractions from China?
+
In value terms, Democratic People's Republic of Korea ($122M) remains the key foreign market for refined soybean oil exports from China, comprising 67% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($38M), with a 21% share of total exports. It was followed by Venezuela, with a 7.8% share.
What is the average export price for refined soybean oil and its fractions in China?
+
In 2019, the average refined soybean oil export price amounted to $970 per tonne, remaining relatively unchanged against the previous year.
What is the average import price for refined soybean oil and its fractions in China?
+
The average refined soybean oil import price stood at $876 per tonne in 2019, approximately mirroring the previous year.

Product coverage:
• Prodcom 10415100 - Refined soya-bean oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined soybean oil market in China. 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:

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