Eastern Asia: Soybean Oil Market 2020

Soybean Oil Market Size in Eastern Asia

The revenue of the soybean oil market in Eastern Asia amounted to $X in 2017, coming up by X% against the previous year. The soybean oil consumption continues to indicate a remarkable expansion. The pace of growth was the most pronounced in 2008, when market value increased by X% against the previous year. The level of soybean oil consumption peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Soybean Oil Production in Eastern Asia

In 2017, soybean oil production in Eastern Asia totaled X tons, surging by X% against the previous year. The total output indicated a strong expansion from 2007 to 2017: its volume 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 production increased by +X% against 2007 indices. The pace of growth was the most pronounced in 2010, when the output figure increased by X% against the previous year. Over the period under review, the soybean oil production reached its maximum volume in 2017, and is expected to retain its growth in the immediate term.

Soybean Oil Exports in Eastern Asia

In 2017, the amount of soya-bean oil exported in Eastern Asia totaled X tons, surging by X% against the previous year. The total exports indicated a prominent increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2008, with an increase of X% year-to-year. In that year, the soybean oil exports reached their peak volume of X tons. From 2009 to 2017, growth of the soybean oil exports failed to regain its momentum.

In value terms, soybean oil exports totaled $X in 2017. The soybean oil exports continue to indicate a remarkable growth. In that year, the soybean oil exports attained their peak level of $X. From 2009 to 2017, growth of the soybean oil exports failed to regain its momentum.

Soybean Oil Exports by Country in Eastern Asia

China prevails in soybean oil exports structure, reaching X tons, which was approx. X% of total exports in 2017. South Korea (X tons) ranks second in terms of the global exports with a X% share, followed by China, Hong Kong SAR (X%) and Taiwan, Chinese (X%).

From 2007 to 2017, average annual rates of growth with regard to soybean oil exports from China stood at +X%. At the same time, South Korea (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest growing exporter in Eastern Asia, with a CAGR of +X% from 2007-2017. Taiwan, Chinese experienced a relatively flat trend pattern. By contrast, China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of China, Hong Kong SAR increased by X% percentage points, while South Korea (-X%) and China (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest soybean oil supplier in Eastern Asia, making up X% of global exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global exports. It was followed by China, Hong Kong SAR, with a X% share.

In China, soybean oil exports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: South Korea (+X% per year) and China, Hong Kong SAR (-X% per year).

Soybean Oil Export Prices by Country in Eastern Asia

The soybean oil export price in Eastern Asia stood at $X per ton in 2017, going down by -X% against the previous year. The export 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 export price decreased by -X% against 2012 indices. The growth pace was the most rapid in 2008, when the export prices increased by X% y-o-y. Over the period under review, the export prices for soya-bean oil reached its maximum level of $X per ton in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in China, Hong Kong SAR ($X per ton) and China ($X per ton), while South Korea ($X per ton) and Taiwan, Chinese ($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 China, Hong Kong SAR (+X% per year), while the other leaders experienced more modest paces of growth.

Soybean Oil Imports in Eastern Asia

The imports stood at X tons in 2017, picking up by X% against the previous year. The soybean oil imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2012, when imports increased by X% year-to-year. The volume of imports peaked of X tons in 2007; however, from 2008 to 2017, it 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. The level of imports peaked of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Soybean Oil Imports by Country in Eastern Asia

China was the key importer of soya-bean oil in Eastern Asia, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2017. It was distantly followed by South Korea (X tons), generating X% share of total imports. The following importers - Japan (X tons) and China, Hong Kong SAR (X tons) each recorded a X% share of total imports.

Imports into China decreased at an average annual rate of -X% from 2007 to 2017. South Korea experienced a relatively flat trend pattern. Japan (-X%) and China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of China and China, Hong Kong SAR increased by X% and X% percentage points, while South Korea (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported soya-bean oil in Eastern Asia, making up X% of global imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

In China, soybean oil imports shrank by an average annual rate of -X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: South Korea (+X% per year) and Japan (+X% per year).

Soybean Oil Import Prices by Country in Eastern Asia

In 2017, the soybean oil import price in Eastern Asia amounted to $X per ton, growing by X% against the previous year. The import price indicated a modest growth 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 increased by +X% against 2015 indices. The growth pace was the most rapid in 2008, when it surged by X% against the previous year. In that year, the import prices for soya-bean oil attained their peak level of $X per ton. From 2009 to 2017, growth of the import prices for soya-bean oil failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Japan ($X per ton), while China ($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 Japan (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform