Latin America and the Caribbean: Soybean Oilcake Market 2024

Soybean Oilcake Market Size in Latin America and the Caribbean

In 2022, the Latin American soybean oilcake market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate a noticeable contraction. As a result, consumption reached the peak level of $X, and then fell significantly in the following year.

Soybean Oilcake Production in Latin America and the Caribbean

In value terms, soybean oilcake production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production saw a mild decline. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Soybean Oilcake Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of soybean oilcake were finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, soybean oilcake exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tons) and Brazil (X tons) prevails in exports structure, together achieving X% of total exports. It was distantly followed by Bolivia (X tons), making up a X% share of total exports. Paraguay (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Paraguay (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Brazil ($X) and Bolivia ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports. These countries were followed by Paraguay, which accounted for a further X%.

Among the main exporting countries, Paraguay, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Brazil ($X per ton) and Argentina ($X per ton), while Bolivia ($X per ton) and Paraguay ($X per ton) were amongst the lowest.

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

Soybean Oilcake Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of soybean oilcake were imported in Latin America and the Caribbean; picking up by X% against 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, soybean oilcake imports soared to $X in 2022. Total imports indicated a prominent increase 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, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The purchases of the five major importers of soybean oilcake, namely Mexico, Colombia, Ecuador, Peru and Chile, represented more than two-thirds of total import. Venezuela (X tons) ranks next in terms of the total imports with a X% share, followed by Guatemala (X%).

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

In value terms, the largest soybean oilcake importing markets in Latin America and the Caribbean were Ecuador ($X), Colombia ($X) and Mexico ($X), together comprising X% of total imports.

Ecuador, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Ecuador ($X per ton) and Guatemala ($X per ton), while Mexico ($X per ton) and Peru ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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