CIS: Soybean Oil Market 2020

Soybean Oil Market Size in CIS

The revenue of the soybean oil market in CIS amounted to $X in 2017, jumping by X% against the previous year. The soybean oil consumption continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2011, when market value increased by X% y-o-y. In that year, the soybean oil market attained their peak level of $X. From 2012 to 2017, growth of the soybean oil market failed to regain its momentum.

Soybean Oil Production in CIS

The soybean oil production amounted to X tons in 2017, growing by X% against the previous year. The soybean oil production continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2014, when it surged by X% year-to-year. The volume of soybean oil production peaked in 2017, and is likely to see steady growth in the immediate term.

Soybean Oil Exports in CIS

The exports stood at X tons in 2017, surging by X% against the previous year. The soybean oil exports continue to indicate a remarkable growth. The pace of growth was the most pronounced in 2014, with an increase of X% y-o-y. The volume of exports peaked in 2017, and are likely to see steady growth in the near future.

In value terms, soybean oil exports totaled $X in 2017. The soybean oil exports continue to indicate a remarkable growth. Over the period under review, the soybean oil exports attained its maximum level in 2017, and are likely to continue its growth in the immediate term.

Soybean Oil Exports by Country in CIS

Russia prevails in soybean oil exports structure, reaching X tons, which was near X% of total exports in 2017. Kazakhstan (X tons) followed a long way behind the leaders.

Russia was also the fastest growing in terms of the soya-bean oil exports, with a CAGR of +X% from 2007 to 2017. At the same time, Kazakhstan (+X%) displayed positive paces of growth. From 2007 to 2017, the share of Kazakhstan and Russia decreased by -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest soybean oil supplier in CIS, making up X% of global exports. The second position in the ranking was occupied by Kazakhstan ($X), with a X% share of global exports.

In Russia, soybean oil exports expanded at an average annual rate of +X% over the period from 2007-2017.

Soybean Oil Export Prices by Country in CIS

The soybean oil export price in CIS stood at $X per ton in 2017, rising by X% against the previous year. The soybean oil export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when it surged by X% year-to-year. In that year, the export prices for soya-bean oil attained their peak level of $X per ton. From 2012 to 2017, growth of the export prices for soya-bean oil stood at a somewhat lower level.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Kazakhstan ($X per ton) and Russia ($X per ton), while Russia ($X per ton) and Kazakhstan ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Russia (-X% per year).

Soybean Oil Imports in CIS

The imports stood at X tons in 2017, declining by -X% against the previous year. The soybean oil imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. In that year, the soybean oil imports reached their peak volume of X tons. From 2009 to 2017, growth of the soybean oil imports stood at a somewhat lower level.

In value terms, soybean oil imports amounted to $X in 2017. The soybean oil imports continue to indicate a drastic reduction. In that year, the soybean oil imports attained their peak level of $X. From 2009 to 2017, growth of the soybean oil imports stood at a somewhat lower level.

Soybean Oil Imports by Country in CIS

In 2017, Kazakhstan (X tons) represented the major importer for soya-bean oil, creating X% of total imports. Russia (X tons) ranks second in terms of the global imports with a X% share, followed by Armenia (X%). The following importers - Azerbaijan (X tons) and Belarus (X tons) each amounted to a X% share of total imports.

Kazakhstan was also the fastest growing in terms of the soya-bean oil imports, with a CAGR of +X% from 2007 to 2017. Armenia (-X%), Belarus (-X%), Azerbaijan (-X%) and Russia (-X%) illustrated a downward trend over the same period. While the share of Russia (X%), Azerbaijan (X%), Belarus (X%) and Armenia (X%) increased significantly in terms of the global imports from 2007-2017, the share of Kazakhstan (-X%) displayed negative dynamics.

In value terms, Kazakhstan ($X) constitutes the largest market for imported soya-bean oil in CIS, making up X% of global imports. The second position in the ranking was occupied by Russia ($X), with a X% share of global imports. It was followed by Armenia, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Kazakhstan amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Russia (-X% per year) and Armenia (-X% per year).

Soybean Oil Import Prices by Country in CIS

In 2017, the soybean oil import price in CIS amounted to $X per ton, dropping by -X% against the previous year. The import price indicated a modest increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the soybean oil import price decreased by -X% against 2011 indices. The most prominent rate of growth was recorded in 2008, an increase of X% year-to-year. Over the period under review, the import prices for soya-bean oil reached its maximum level of $X per ton in 2011; however, from 2012 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Russia ($X per ton), while Armenia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Russia (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform