Germany: Crude Soybean Oil Market 2024

Crude Soybean Oil Market Size in Germany

The German crude soybean oil market rose markedly to $X in 2022, growing by X% against the previous year. Overall, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2015 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Crude Soybean Oil Production in Germany

In value terms, crude soybean oil production rose to $X in 2022 estimated in export price. In general, production, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Crude Soybean Oil Exports

Exports from Germany

Crude soybean oil exports from Germany contracted markedly to X tons in 2022, waning by X% against 2021. In general, exports faced a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude soybean oil exports contracted rapidly to $X in 2022. Overall, exports showed a deep slump. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons), the Netherlands (X tons) and Saudi Arabia (X tons) were the main destinations of crude soybean oil exports from Germany, together comprising X% of total exports. South Africa, Poland, Denmark, the UK, Morocco, the Czech Republic, Austria, France, Italy and Switzerland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X) emerged as the key foreign market for crude soybean oil exports from Germany, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average crude soybean oil export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price posted a temperate increase. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Austria ($X per ton) and Italy ($X per ton), while the average price for exports to Morocco ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Soybean Oil Imports

Imports into Germany

In 2022, approx. X tons of crude soybean oil were imported into Germany; jumping by X% compared with the previous year's figure. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, crude soybean oil imports skyrocketed to $X in 2022. Over the period under review, imports showed a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest crude soybean oil supplier to Germany, with a X% share of total imports. Moreover, crude soybean oil imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Serbia (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of crude soybean oil to Germany, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Serbia (X% per year).

Import Prices by Country

In 2022, the average crude soybean oil import price amounted to $X per ton, rising by X% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude soybean oil import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Serbia ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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