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

Refined Soybean Oil Market Size in Eastern Asia

The East Asian refined soybean oil market reduced to $X in 2019, which is down by -X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.

Refined Soybean Oil Production in Eastern Asia

In value terms, refined soybean oil production declined slightly to $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 remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% y-o-y. The level of production peaked at $X in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.

Production By Country in Eastern Asia

China (X tonnes) remains the largest refined soybean oil producing country in Eastern Asia, comprising approx. X% of total volume. Moreover, refined soybean oil production in China exceeded the figures recorded by the second-largest producer, Japan (X tonnes), fivefold.

From 2007 to 2019, the average annual rate of growth in terms of volume in China was relatively modest. In the other countries, the average annual rates were as follows: Japan (+X% per year) and South Korea (+X% per year).

Refined Soybean Oil Exports

Exports in Eastern Asia

In 2019, shipments abroad of refined soybean oil and its fractions decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Over the period under review, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at X tonnes in 2018, and then contracted slightly in the following year.

In value terms, refined soybean oil exports shrank slightly to $X in 2019. In general, exports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2018, and then reduced in the following year.

Exports by Country

China dominates refined soybean oil exports structure, amounting to X tonnes, which was near X% of total exports in 2019. The following exporters - Hong Kong SAR (X tonnes) and Taiwan (Chinese) (X tonnes) - together made up X% of total exports.

China was also the fastest-growing in terms of the refined soybean oil and its fractions exports, with a CAGR of +X% from 2007 to 2019. At the same time, Hong Kong SAR (+X%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (-X%) illustrated a downward trend over the same period. China (+X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR and Taiwan (Chinese) saw its share reduced by -X% and -X% from 2007 to 2019, respectively.

In value terms, China ($X) remains the largest refined soybean oil supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value in China stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and Taiwan (Chinese) (-X% per year).

Export Prices by Country

The refined soybean oil export price in Eastern Asia stood at $X per tonne in 2019, leveling off at the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the export price increased by X% year-to-year. Over the period under review, 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 noticeably amongst the major exporting countries. In 2019, the country with the highest price was Hong Kong SAR ($X per tonne), while Taiwan (Chinese) ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced mixed trends in the export price figures.

Refined Soybean Oil Imports

Imports in Eastern Asia

In 2019, supplies from abroad of refined soybean oil and its fractions increased by X% to X tonnes, rising for the third consecutive year after two years of decline. In general, imports enjoyed moderate growth. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Over the period under review, imports reached the maximum in 2019 and are likely to continue growth in the near future.

In value terms, refined soybean oil imports totaled $X in 2019. Total imports indicated a prominent expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. The level of import peaked in 2019 and is likely to see gradual growth in years to come.

Imports by Country

Democratic People's Republic of Korea was the key importer of refined soybean oil and its fractions in Eastern Asia, with the volume of imports recording X tonnes, which was approx. X% of total imports in 2019. Hong Kong SAR (X tonnes) occupied the second position in the ranking, distantly followed by China (X tonnes). All these countries together held near X% share of total imports. South Korea (X tonnes) and Macao SAR (X tonnes) occupied a minor share of total imports.

Democratic People's Republic of Korea was also the fastest-growing in terms of the refined soybean oil and its fractions imports, with a CAGR of +X% from 2007 to 2019. At the same time, Macao SAR (+X%), China (+X%) and Hong Kong SAR (+X%) displayed positive paces of growth. By contrast, South Korea (-X%) illustrated a downward trend over the same period. While the share of Democratic People's Republic of Korea (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of China (-X p.p.), South Korea (-X p.p.) and Hong Kong SAR (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Democratic People's Republic of Korea ($X) constitutes the largest market for imported refined soybean oil and its fractions in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value in Democratic People's Republic of Korea totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+X% per year) and China (+X% per year).

Import Prices by Country

The refined soybean oil import price in Eastern Asia stood at $X per tonne in 2019, standing approx. at the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, 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 importing countries. In 2019, the country with the highest price was South Korea ($X per tonne), while Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined soybean oil and its fractions in Eastern Asia?
+
China (1.8M tonnes) constituted the country with the largest volume of refined soybean oil consumption, comprising approx. 72% of total volume. Moreover, refined soybean oil consumption in China exceeded the figures recorded by the second-largest consumer, Japan (414K tonnes), fourfold. South Korea (132K tonnes) ranked third in terms of total consumption with a 5.3% share.
What are the largest producers of refined soybean oil and its fractions in Eastern Asia?
+
China (2M tonnes) constituted the country with the largest volume of refined soybean oil production, accounting for 78% of total volume. Moreover, refined soybean oil production in China exceeded the figures recorded by the second-largest producer, Japan (412K tonnes), fivefold.
What are the leading suppliers of refined soybean oil and its fractions in Eastern Asia?
+
In value terms, China ($183M) remains the largest refined soybean oil supplier in Eastern Asia, comprising 93% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($7.3M), with a 3.7% share of total exports.
What are the leading importers of refined soybean oil and its fractions in Eastern Asia?
+
In value terms, Democratic People's Republic of Korea ($120M) constitutes the largest market for imported refined soybean oil and its fractions in Eastern Asia, comprising 56% of total imports. The second position in the ranking was occupied by Hong Kong SAR ($40M), with a 19% share of total imports. It was followed by China, with a 13% share.
What is the average export price for refined soybean oil and its fractions in Eastern Asia?
+
In 2019, the refined soybean oil export price in Eastern Asia amounted to $975 per tonne, remaining relatively unchanged against the previous year.
What is the average import price for refined soybean oil and its fractions in Eastern Asia?
+
In 2019, the refined soybean oil import price in Eastern Asia amounted to $985 per tonne, approximately reflecting 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 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:
• China, Macao SAR
• Democratic People's Republic of Korea
• 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
• China, Hong Kong SAR
• China, 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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