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

Crude Soybean Oil Market Size in Eastern Asia

The East Asian crude soybean oil market shrank to $X in 2020, declining by -X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Crude Soybean Oil Production in Eastern Asia

In value terms, crude soybean oil production contracted to $X in 2020 estimated in export prices. The total production indicated buoyant growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. The level of production peaked at $X in 2019, and then reduced in the following year.

Production By Country in Eastern Asia

The country with the largest volume of crude soybean oil production was China (X tonnes), accounting for X% of total volume. Moreover, crude soybean oil production in China exceeded the figures recorded by the second-largest producer, Japan (X tonnes), fourfold. The third position in this ranking was occupied by Taiwan (Chinese) (X tonnes), with a X% share.

In China, crude soybean oil production increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Japan (+X% per year) and Taiwan (Chinese) (+X% per year).

Crude Soybean Oil Exports

Exports in Eastern Asia

In 2020, the amount of crude soybean oil exported in Eastern Asia declined remarkably to X tonnes, falling by -X% against the previous year's figure. Overall, exports recorded a deep slump. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at X tonnes in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, crude soybean oil exports declined significantly to $X in 2020. In general, exports saw a perceptible decline. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. The level of export peaked at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

In 2020, China (X tonnes) was the largest exporter of crude soybean oil in Eastern Asia, generating X% of total export.

China was also the fastest-growing in terms of the crude soybean oil exports, with a CAGR of -X% from 2007 to 2020. While the share of China (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest crude soybean oil supplier in Eastern Asia.

From 2007 to 2020, the average annual growth rate of value in China stood at -X%.

Export Prices by Country

The crude soybean oil export price in Eastern Asia stood at $X per tonne in 2020, surging by X% against the previous year. Export price indicated a modest expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. The level of export peaked at $X per tonne in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2007 to 2020, the rate of growth in terms of prices for China amounted to +X% per year.

Crude Soybean Oil Imports

Imports in Eastern Asia

In 2020, the amount of crude soybean oil imported in Eastern Asia totaled X tonnes, growing by X% against 2019. In general, imports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2012 when imports increased by X% year-to-year. The volume of import peaked at X tonnes in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, crude soybean oil imports rose rapidly to $X in 2020. Overall, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. The level of import peaked at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

China represented the main importer of crude soybean oil in Eastern Asia, with the volume of imports amounting to X tonnes, which was near X% of total imports in 2020. It was distantly followed by South Korea (X tonnes), comprising a X% share of total imports.

Imports into China decreased at an average annual rate of -X% from 2007 to 2020. At the same time, South Korea (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +X% from 2007-2020. While the share of South Korea (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of China (-X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported crude soybean oil in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports.

In China, crude soybean oil imports shrank by an average annual rate of -X% over the period from 2007-2020.

Import Prices by Country

In 2020, the crude soybean oil import price in Eastern Asia amounted to $X per tonne, almost unchanged from the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. The level of import peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2020, the country with the highest price was South Korea ($X per tonne), while China stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude soybean oil in Eastern Asia?
+
China (4.6M tonnes) constituted the country with the largest volume of crude soybean oil consumption, comprising approx. 75% of total volume. Moreover, crude soybean oil consumption in China exceeded the figures recorded by the second-largest consumer, Japan (825K tonnes), sixfold. South Korea (357K tonnes) ranked third in terms of total consumption with a 5.9% share.
What are the largest producers of crude soybean oil in Eastern Asia?
+
The country with the largest volume of crude soybean oil production was China (3.7M tonnes), accounting for 77% of total volume. Moreover, crude soybean oil production in China exceeded the figures recorded by the second-largest producer, Japan (823K tonnes), fourfold. Taiwan (Chinese) (147K tonnes) ranked third in terms of total production with a 3.1% share.
What are the leading suppliers of crude soybean oil in Eastern Asia?
+
In value terms, China ($16M) remains the largest crude soybean oil supplier in Eastern Asia.
What are the leading importers of crude soybean oil in Eastern Asia?
+
In value terms, China ($707M) constitutes the largest market for imported crude soybean oil in Eastern Asia, comprising 71% of total imports. The second position in the ranking was occupied by South Korea ($282M), with a 28% share of total imports.
What is the average export price for crude soybean oil in Eastern Asia?
+
The crude soybean oil export price in Eastern Asia stood at $916 per tonne in 2020, with an increase of 4.5% against the previous year.
What is the average import price for crude soybean oil in Eastern Asia?
+
In 2020, the crude soybean oil import price in Eastern Asia amounted to $763 per tonne, leveling off at 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 Eastern Asia. 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:
• Democratic People's Republic of Korea
• Macao SAR
• Taiwan (Chinese)

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Eastern Asia, split by region and country
• Trade (exports and imports) in Eastern Asia
• 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
CONSUMPTION BY COUNTRY
3.3
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
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

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

The Largest Exporters on The Market and How They Succeed

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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• China
• Hong Kong SAR
• Macao SAR
• Japan
• South Korea
• Taiwan (Chinese)
• Democratic People's Republic of Korea
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, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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