Iran: Soybean Oilcake Market 2024

Soybean Oilcake Market Size in Iran

The Iranian soybean oilcake market surged to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, saw a abrupt setback. Soybean oilcake consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Soybean Oilcake Production in Iran

In value terms, soybean oilcake production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, faced a deep setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Soybean oilcake production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Soybean Oilcake Exports

Exports from Iran

In 2022, shipments abroad of soybean oilcake was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, soybean oilcake exports surged to $X in 2022. In general, exports, however, saw a mild setback. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for soybean oilcake exports from Iran, with a X% share of total exports. Moreover, soybean oilcake exports to India exceeded the volume sent to the second major destination, Georgia (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (X% per year) and the United Arab Emirates (X% per year).

In value terms, India ($X) emerged as the key foreign market for soybean oilcake exports from Iran, comprising X% of total exports. The second position in the ranking was taken by Georgia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average soybean oilcake export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price saw a slight descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

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

Soybean Oilcake Imports

Imports into Iran

After two years of decline, supplies from abroad of soybean oilcake increased by X% to X tons in 2022. Over the period under review, imports, however, recorded a noticeable slump. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, soybean oilcake imports soared to $X in 2022. Overall, imports, however, continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Brazil (X tons), Argentina (X tons) and India (X tons) were the main suppliers of soybean oilcake imports to Iran, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest soybean oilcake suppliers to Iran were Brazil ($X), Argentina ($X) and India ($X), with a combined X% share of total imports.

Among the main suppliers, Brazil, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average soybean oilcake import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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