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Eastern Asia - Vegetable Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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Eastern Asia: Vegetable Oils Market Overview 2021

Vegetable Oils Market Size in Eastern Asia

In 2019, after two years of growth, there was significant decline in the East Asian vegetable oils market, when its value decreased by -X% to $X. Overall, consumption, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2011; however, from 2012 to 2019, consumption stood at a somewhat lower figure.

Vegetable Oils Production in Eastern Asia

In value terms, vegetable oils production reduced to $X in 2019 estimated in export prices. In general, production, however, recorded a mild decrease. The growth pace was the most rapid in 2017 when the production volume increased by X% y-o-y. The level of production peaked at $X in 2009; however, from 2010 to 2019, production remained at a lower figure.

Production By Country in Eastern Asia

China (X tonnes) constituted the country with the largest volume of vegetable oils production, comprising approx. X% of total volume. Moreover, vegetable oils production in China exceeded the figures recorded by the second-largest producer, Japan (X tonnes), sixfold. South Korea (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2019, the average annual growth rate of volume in China amounted to +X%. The remaining producing countries recorded the following average annual rates of production growth: Japan (-X% per year) and South Korea (-X% per year).

Vegetable Oils Exports

Exports in Eastern Asia

In 2019, the amount of vegetable fats and oils exported in Eastern Asia surged to X tonnes, rising by X% against the previous year. Overall, exports recorded strong growth. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, vegetable oils exports surged to $X in 2019. In general, exports enjoyed a strong increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tonnes), Japan (X tonnes), Taiwan (Chinese) (X tonnes) and South Korea (X tonnes) represented roughly X% of total exports of vegetable fats and oils in 2019.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China, while exports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Taiwan (Chinese) ($X) and China ($X) constituted the countries with the highest levels of exports in 2019, with a combined X% share of total exports.

China recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The vegetable oils export price in Eastern Asia stood at $X per tonne in 2019, shrinking by -X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per tonne in 2010; however, from 2011 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per tonne), while China ($X per tonne) was amongst the lowest.

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

Vegetable Oils Imports

Imports in Eastern Asia

In 2019, overseas purchases of vegetable fats and oils were finally on the rise to reach X tonnes for the first time since 2013, thus ending a five-year declining trend. Over the period under review, imports, however, continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tonnes in 2013; however, from 2014 to 2019, imports remained at a lower figure.

In value terms, vegetable oils imports dropped slightly to $X in 2019. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. The level of import peaked at $X in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Japan (X tonnes) and China (X tonnes) dominates vegetable oils imports structure, together committing X% of total imports. It was distantly followed by South Korea (X tonnes), achieving a X% share of total imports. Taiwan (Chinese) (X tonnes) followed a long way behind the leaders.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Japan, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable oils importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), with a combined X% share of total imports.

Among the main importing countries, Japan saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the vegetable oils import price in Eastern Asia amounted to $X per tonne, which is down by -X% against the previous year. Import price indicated a tangible increase from 2007 to 2019: its price 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. The pace of growth appeared the most rapid in 2017 when the import price increased by X% y-o-y. Over the period under review, import prices hit record highs at $X per tonne in 2018, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was South Korea ($X per tonne), while Japan ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vegetable fats and oils in Eastern Asia?
+
The country with the largest volume of vegetable oils consumption was China (1.7M tonnes), accounting for 74% of total volume. Moreover, vegetable oils consumption in China exceeded the figures recorded by the second-largest consumer, Japan (387K tonnes), fourfold. The third position in this ranking was occupied by South Korea (145K tonnes), with a 6.4% share.
What are the largest producers of vegetable fats and oils in Eastern Asia?
+
China (1.5M tonnes) constituted the country with the largest volume of vegetable oils production, comprising approx. 79% of total volume. Moreover, vegetable oils production in China exceeded the figures recorded by the second-largest producer, Japan (240K tonnes), sixfold. The third position in this ranking was occupied by South Korea (131K tonnes), with a 6.7% share.
What are the leading exporters of vegetable fats and oils in Eastern Asia?
+
In value terms, Japan ($6.3M), Taiwan (Chinese) ($4.1M) and China ($3.4M) were the countries with the highest levels of exports in 2019, with a combined 82% share of total exports.
What are the leading importers of vegetable fats and oils in Eastern Asia?
+
In value terms, the largest vegetable oils importing markets in Eastern Asia were China ($157M), Japan ($121M) and South Korea ($31M), together comprising 95% of total imports.
What is the average export price for vegetable fats and oils in Eastern Asia?
+
In 2019, the vegetable oils export price in Eastern Asia amounted to $2,410 per tonne, declining by -12.8% against the previous year.
What is the average import price for vegetable fats and oils in Eastern Asia?
+
The vegetable oils import price in Eastern Asia stood at $1,114 per tonne in 2019, which is down by -8.1% against the previous year.

Product coverage:
• Prodcom 10416050 - Vegetable fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)

This report provides an in-depth analysis of the vegetable oils 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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