Latest Report Update: Aug 3, 2021

Latin America and the Caribbean - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

Latin America and the Caribbean: Crude Soybean Oil Market Overview 2021

Crude Soybean Oil Market Size in Latin America and the Caribbean

In 2020, the Latin American crude soybean oil market decreased by -X% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2011; however, from 2012 to 2020, consumption remained at a lower figure.

Crude Soybean Oil Production in Latin America and the Caribbean

In value terms, crude soybean oil production rose slightly to $X in 2020 estimated in export prices. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, production attained the peak level of $X. From 2012 to 2020, production growth failed to regain the momentum.

Production By Country in Latin America and the Caribbean

The country with the largest volume of crude soybean oil production was Argentina (X tonnes), accounting for X% of total volume. Moreover, crude soybean oil production in Argentina exceeded the figures recorded by the second-largest producer, Brazil (X tonnes), fourfold. The third position in this ranking was occupied by Paraguay (X tonnes), with a X% share.

In Argentina, crude soybean oil production shrank by an average annual rate of -X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Brazil (-X% per year) and Paraguay (+X% per year).

Crude Soybean Oil Exports

Exports in Latin America and the Caribbean

In 2020, shipments abroad of crude soybean oil increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a mild setback. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. The volume of export peaked at X tonnes in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, crude soybean oil exports reached $X in 2020. In general, exports, however, recorded a slight slump. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2012 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Argentina represented the major exporting country with an export of around X tonnes, which finished at X% of total exports. Brazil (X tonnes) held a X% share (based on tonnes) of total exports, which put it in second place, followed by Paraguay (X%). Bolivia (X tonnes) took a relatively small share of total exports.

From 2007 to 2020, average annual rates of growth with regard to crude soybean oil exports from Argentina stood at -X%. At the same time, Bolivia (+X%) and Paraguay (+X%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. By contrast, Brazil (-X%) illustrated a downward trend over the same period. While the share of Paraguay (+X p.p.) and Bolivia (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Argentina (-X p.p.) and Brazil (-X p.p.) displayed negative dynamics.

In value terms, Argentina ($X) remains the largest crude soybean oil supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total exports. It was followed by Paraguay, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Argentina totaled -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-X% per year) and Paraguay (+X% per year).

Export Prices by Country

The crude soybean oil export price in Latin America and the Caribbean stood at $X per tonne in 2020, rising by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. Over the period under review, export prices reached the maximum at $X per tonne in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Argentina ($X per tonne) and Bolivia ($X per tonne), while Paraguay ($X per tonne) and Brazil ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Argentina, while the other leaders experienced a decline in the export price figures.

Crude Soybean Oil Imports

Imports in Latin America and the Caribbean

After two years of growth, purchases abroad of crude soybean oil decreased by -X% to X tonnes in 2020. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tonnes in 2019, and then shrank in the following year.

In value terms, crude soybean oil imports reduced to $X in 2020. Total imports indicated modest growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

Peru (X tonnes), Colombia (X tonnes), Venezuela (X tonnes), Brazil (X tonnes), the Dominican Republic (X tonnes), Ecuador (X tonnes) and Guatemala (X tonnes) represented roughly X% of total imports of crude soybean oil in 2020.

From 2007 to 2020, the biggest increases were in Brazil, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest crude soybean oil importing markets in Latin America and the Caribbean were Peru ($X), Colombia ($X) and Venezuela ($X), with a combined X% share of total imports. Brazil, the Dominican Republic, Ecuador and Guatemala lagged somewhat behind, together comprising a further X terms of the main importing countries, Brazil recorded the highest rates of growth with regard to 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

The crude soybean oil import price in Latin America and the Caribbean stood at $X per tonne in 2020, stabilizing at the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, import prices hit record highs at $X per tonne in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Brazil ($X per tonne) and the Dominican Republic ($X per tonne), while Ecuador ($X per tonne) and Colombia ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Dominican Republic, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude soybean oil in LatAmerica and the Caribbean?
+
The countries with the highest volumes of crude soybean oil consumption in 2020 were Brazil (592K tonnes), Mexico (526K tonnes) and Peru (400K tonnes), together comprising 45% of total consumption. Colombia, Venezuela, Argentina, Bolivia, the Dominican Republic, Ecuador, Guatemala, Chile and Cuba lagged somewhat behind, together comprising a further 46%.
What are the largest producers of crude soybean oil in LatAmerica and the Caribbean?
+
Argentina (5.4M tonnes) remains the largest crude soybean oil producing country in Latin America and the Caribbean, accounting for 61% of total volume. Moreover, crude soybean oil production in Argentina exceeded the figures recorded by the second-largest producer, Brazil (1.3M tonnes), fourfold. Paraguay (731K tonnes) ranked third in terms of total production with a 8.3% share.
What are the leading exporters of crude soybean oil in LatAmerica and the Caribbean?
+
In value terms, Argentina ($3.6B) remains the largest crude soybean oil supplier in Latin America and the Caribbean, comprising 75% of total exports. The second position in the ranking was occupied by Brazil ($590M), with a 12% share of total exports. It was followed by Paraguay, with a 8.5% share.
What are the leading importers of crude soybean oil in LatAmerica and the Caribbean?
+
In value terms, Peru ($281M), Colombia ($205M) and Venezuela ($189M) constituted the countries with the highest levels of imports in 2020, with a combined 56% share of total imports. Brazil, the Dominican Republic, Ecuador and Guatemala lagged somewhat behind, together comprising a further 38%.
What is the average export price for crude soybean oil in LatAmerica and the Caribbean?
+
In 2020, the crude soybean oil export price in Latin America and the Caribbean amounted to $682 per tonne, increasing by 5.5% against the previous year.
What is the average import price for crude soybean oil in LatAmerica and the Caribbean?
+
The crude soybean oil import price in Latin America and the Caribbean stood at $723 per tonne in 2020, approximately mirroring the previous year.

Product coverage:
• Prodcom 10412100 - Crude soya-bean oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the crude soybean oil market in Latin America and the Caribbean. 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:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• Dominica
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• 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

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
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

Webinar: Global Solid Biofuels Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global solid biofuels market.



Thursday, September 9th, 2021 @ 04:00 pm ET


Register

Webinar: Global Beef Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global beef market.



Thursday, September 16th, 2021 @ 04:00 pm ET


Register

Webinar: Global Cement Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global cement market.



Thursday, September 23rd, 2021 @ 04:00 pm ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data