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

Refined Soybean Oil Market Size in Northern America

The North American refined soybean oil market fell slightly to $X in 2019, shrinking by -X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. The level of consumption peaked at $X in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.

Refined Soybean Oil Production in Northern America

In value terms, refined soybean oil production contracted to $X in 2019 estimated in export prices. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. From 2009 to 2019, production growth remained at a lower figure.

Production By Country in Northern America

The U.S. (X tonnes) constituted the country with the largest volume of refined soybean oil production, accounting for X% of total volume. Moreover, refined soybean oil production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X tonnes), threefold.

In the U.S., refined soybean oil production shrank by an average annual rate of -X% over the period from 2007-2019.

Refined Soybean Oil Exports

Exports in Northern America

In 2019, approx. X tonnes of refined soybean oil and its fractions were exported in Northern America; waning by -X% on the previous year. Total exports indicated measured growth 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. Based on 2019 figures, exports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. From 2018 to 2019, the growth exports failed to regain the momentum.

In value terms, refined soybean oil exports shrank to $X in 2019. Total exports indicated temperate growth from 2007 to 2019: its value 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. Based on 2019 figures, exports decreased by -X% against 2017 indices. 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 2017; however, from 2018 to 2019, exports stood at a somewhat lower figure.

Exports by Country

In 2019, the U.S. (X tonnes), followed by Canada (X tonnes) represented the main exporters of refined soybean oil and its fractions, together constituting X% of total exports.

From 2007 to 2019, the biggest increases were in Canada.

In value terms, the largest refined soybean oil supplying countries in Northern America were the U.S. ($X) and Canada ($X terms of the main exporting countries, Canada saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2019, the refined soybean oil export price in Northern America amounted to $X per tonne, waning by -X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the export prices failed to regain the momentum.

Average prices varied somewhat amongst the major exporting countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while Canada amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S..

Refined Soybean Oil Imports

Imports in Northern America

Refined soybean oil imports soared to X tonnes in 2019, rising by X% against the year before. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. The volume of import peaked in 2019 and is expected to retain growth in the near future.

In value terms, refined soybean oil imports expanded notably to $X in 2019. Total imports indicated prominent growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2019 and are likely to see gradual growth in years to come.

Imports by Country

The U.S. represented the key importing country with an import of around X tonnes, which amounted to X% of total imports. It was distantly followed by Canada (X tonnes), comprising a X% share of total imports.

The U.S. was also the fastest-growing in terms of the refined soybean oil and its fractions imports, with a CAGR of +X% from 2007 to 2019. Canada (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Canada (-X p.p.) displayed negative dynamics.

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

In the U.S., refined soybean oil imports increased at an average annual rate of +X% over the period from 2007-2019.

Import Prices by Country

The refined soybean oil import price in Northern America stood at $X per tonne in 2019, which is down by -X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. Over the period under review, import prices hit record highs at $X per tonne in 2011; however, from 2012 to 2019, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2019, the country with the highest price was Canada ($X per tonne), while the U.S. totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Canada.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined soybean oil and its fractions in Northern America?
+
The country with the largest volume of refined soybean oil consumption was the U.S. (808K tonnes), comprising approx. 85% of total volume. Moreover, refined soybean oil consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Canada (145K tonnes), sixfold.
What are the largest producers of refined soybean oil and its fractions in Northern America?
+
The country with the largest volume of refined soybean oil production was the U.S. (806K tonnes), accounting for 74% of total volume. Moreover, refined soybean oil production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (282K tonnes), threefold.
What are the leading exporters of refined soybean oil and its fractions in Northern America?
+
In value terms, the U.S. ($157M) and Canada ($121M) constituted the countries with the highest levels of exports in 2019.
What are the leading importers of refined soybean oil and its fractions in Northern America?
+
In value terms, the U.S. ($125M) constitutes the largest market for imported refined soybean oil and its fractions in Northern America, comprising 85% of total imports. The second position in the ranking was occupied by Canada ($22M), with a 15% share of total imports.
What is the average export price for refined soybean oil and its fractions in Northern America?
+
The refined soybean oil export price in Northern America stood at $879 per tonne in 2019, reducing by -3.4% against the previous year.
What is the average import price for refined soybean oil and its fractions in Northern America?
+
The refined soybean oil import price in Northern America stood at $813 per tonne in 2019, waning by -2.2% against the previous year.

Product coverage:
• Prodcom 10415100 - Refined soya-bean oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined 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 2007–2019
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 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
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, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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