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Northern America - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends And Insights
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Northern America: Crude Soybean Oil Market Overview 2021

Crude Soybean Oil Market Size in Northern America

In 2019, after three years of growth, there was decline in the North American crude soybean oil market, when its value decreased by -X% to $X. Over the period under review, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.

Crude Soybean Oil Production in Northern America

In value terms, crude soybean oil production fell to $X in 2019 estimated in export prices. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% y-o-y. The level of production peaked at $X in 2010; however, from 2011 to 2019, production stood at a somewhat lower figure.

Production By Country in Northern America

The country with the largest volume of crude soybean oil production was the U.S. (X tonnes), comprising approx. X% of total volume. Moreover, crude soybean oil production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X tonnes), eightfold.

From 2007 to 2019, the average annual growth rate of volume in the U.S. was relatively modest.

Crude Soybean Oil Exports

Exports in Northern America

In 2019, approx. X tonnes of crude soybean oil were exported in Northern America; which is down by -X% against the year before. Total exports indicated a mild increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when exports increased by X% against the previous year. The volume of export peaked at X tonnes in 2010; however, from 2011 to 2019, exports remained at a lower figure.

In value terms, crude soybean oil exports declined significantly to $X in 2019. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2010; however, from 2011 to 2019, exports failed to regain the momentum.

Exports by Country

The biggest shipments were from the U.S. (X tonnes), together reaching X% of total export.

The U.S. was also the fastest-growing in terms of the crude soybean oil exports, with a CAGR of +X% from 2007 to 2019. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) also remains the largest crude soybean oil supplier in Northern America.

From 2007 to 2019, the average annual rate of growth in terms of value in the U.S. was relatively modest.

Export Prices by Country

In 2019, the crude soybean oil export price in Northern America amounted to $X per tonne, declining by -X% against the previous year. Overall, the export price showed a mild shrinkage. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, export prices hit record highs at $X per tonne in 2012; however, from 2013 to 2019, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the U.S..

From 2007 to 2019, the rate of growth in terms of prices for the U.S. amounted to -X% per year.

Crude Soybean Oil Imports

Imports in Northern America

In 2019, overseas purchases of crude soybean oil decreased by -X% to X tonnes for the first time since 2014, thus ending a four-year rising trend. Over the period under review, imports saw a perceptible setback. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. As a result, imports attained the peak of X tonnes, and then dropped dramatically in the following year.

In value terms, crude soybean oil imports contracted sharply to $X in 2019. Overall, imports showed a pronounced decrease. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. As a result, imports reached the peak of $X, and then fell dramatically in the following year.

Imports by Country

The U.S. dominates crude soybean oil imports structure, finishing at X tonnes, which was near X% of total imports in 2019. It was distantly followed by Canada (X tonnes), creating a X% share of total imports. Bermuda (X tonnes) held a little share of total imports.

The U.S. experienced a relatively flat trend pattern with regard to volume of imports of crude soybean oil. At the same time, Bermuda (+X%) displayed positive paces of growth. Moreover, Bermuda emerged as the fastest-growing importer imported in Northern America, with a CAGR of +X% from 2007-2019. By contrast, Canada (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of the U.S. and Bermuda increased by +X% and +X% percentage points, while Canada (-X p.p.) saw their share reduced.

In value terms, the U.S. ($X) constitutes the largest market for imported crude soybean oil in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

In the U.S., crude soybean oil imports remained relatively stable over the period from 2007-2019. In the other countries, the average annual rates were as follows: Canada (-X% per year) and Bermuda (+X% per year).

Import Prices by Country

The crude soybean oil import price in Northern America stood at $X per tonne in 2019, surging by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the import price increased by X% y-o-y. Over the period under review, import prices reached the peak figure at $X per tonne in 2011; however, from 2012 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude soybean oil in Northern America?
+
The country with the largest volume of crude soybean oil consumption was the U.S. (1.8M tonnes), comprising approx. 85% of total volume. Moreover, crude soybean oil consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Canada (304K tonnes), sixfold.
What are the largest producers of crude soybean oil in Northern America?
+
The U.S. (2.6M tonnes) remains the largest crude soybean oil producing country in Northern America, accounting for 89% of total volume. Moreover, crude soybean oil production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (312K tonnes), eightfold.
What are the leading suppliers of crude soybean oil in Northern America?
+
In value terms, the U.S. ($573M) remains the largest crude soybean oil supplier in Northern America.
What are the leading importers of crude soybean oil in Northern America?
+
In value terms, the U.S. ($7.6M) constitutes the largest market for imported crude soybean oil in Northern America, comprising 84% of total imports. The second position in the ranking was occupied by Canada ($1M), with a 11% share of total imports.
What is the average export price for crude soybean oil in Northern America?
+
In 2019, the crude soybean oil export price in Northern America amounted to $721 per tonne, reducing by -3.3% against the previous year.
What is the average import price for crude soybean oil in Northern America?
+
In 2019, the crude soybean oil import price in Northern America amounted to $780 per tonne, growing by 2.7% against 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 Northern America. 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:
• Bermuda
• Greenland
• Saint Pierre and Miquelon

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

• Bermuda
• Canada
• Greenland
• Saint Pierre and Miquelon
• USA
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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