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

Refined Soybean Oil Market Size in Portugal

In 2019, the Portuguese refined soybean oil market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, recorded a noticeable setback. The pace of growth appeared the most rapid in 2010 when the market value increased by X% against the previous year. Refined soybean oil consumption peaked at $X in 2008; however, from 2009 to 2019, consumption remained at a lower figure.

Refined Soybean Oil Production in Portugal

In value terms, refined soybean oil production reached $X in 2019 estimated in export prices. In general, production, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. As a result, production attained the peak level of $X. From 2012 to 2019, production growth failed to regain the momentum.

Refined Soybean Oil Exports

Exports from Portugal

In 2019, shipments abroad of refined soybean oil and its fractions decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Over the period under review, exports, however, enjoyed a mild expansion. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Exports peaked at X tonnes in 2017; however, from 2018 to 2019, exports failed to regain the momentum.

In value terms, refined soybean oil exports reduced notably to $X in 2019. In general, exports, however, continue to indicate slight growth. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. As a result, exports reached the peak of $X. From 2012 to 2019, the growth exports remained at a lower figure.

Exports by Country

Angola (X tonnes) was the main destination for refined soybean oil exports from Portugal, with a X% share of total exports. Moreover, refined soybean oil exports to Angola exceeded the volume sent to the second major destination, Cabo Verde (X tonnes), more than tenfold. Sao Tome and Principe (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Angola stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (-X% per year) and Sao Tome and Principe (-X% per year).

In value terms, Angola ($X) remains the key foreign market for refined soybean oil exports from Portugal, comprising X% of total exports. The second position in the ranking was occupied by Cabo Verde ($X), with a X% share of total exports. It was followed by Sao Tome and Principe, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Angola stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (-X% per year) and Sao Tome and Principe (-X% per year).

Export Prices by Country

The average refined soybean oil export price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2019, the highest prices were recorded for prices to Antigua and Barbuda ($X per tonne) and Angola ($X per tonne), while the average price for exports to Sao Tome and Principe ($X per tonne) and Cabo Verde ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Guinea-Bissau, while the prices for the other major destinations experienced mixed trend patterns.

Refined Soybean Oil Imports

Imports into Portugal

In 2019, approx. X tonnes of refined soybean oil and its fractions were imported into Portugal; with a decrease of -X% compared with the previous year's figure. Over the period under review, imports saw a deep downturn. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. From 2011 to 2019, the growth imports failed to regain the momentum.

In value terms, refined soybean oil imports declined to $X in 2019. Overall, imports recorded a deep setback. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2009 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, Spain (X tonnes) was the main supplier of refined soybean oil to Portugal, accounting for a approx. X% share of total imports.

From 2007 to 2019, the average annual growth rate of volume from Spain totaled -X%.

In value terms, Spain ($X) constituted the largest supplier of refined soybean oil to Portugal.

From 2007 to 2019, the average annual rate of growth in terms of value from Spain amounted to -X%.

Import Prices by Country

The average refined soybean oil import price stood at $X per tonne in 2019, declining by -X% against the previous year. Overall, 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% against the previous year. As a result, import price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Spain.

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined soybean oil and its fractions in the world?
+
China (1.8M tonnes) constituted the country with the largest volume of refined soybean oil consumption, comprising approx. 16% of total volume. Moreover, refined soybean oil consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (808K tonnes), twofold. The third position in this ranking was occupied by India (734K tonnes), with a 6.6% share.
What are the largest producers of refined soybean oil and its fractions in the world?
+
China (2M tonnes) constituted the country with the largest volume of refined soybean oil production, accounting for 17% of total volume. Moreover, refined soybean oil production in China exceeded the figures recorded by the second-largest producer, the U.S. (806K tonnes), twofold. The third position in this ranking was occupied by India (723K tonnes), with a 6.4% share.
What are the leading suppliers of refined soybean oil and its fractions to Portugal?
+
In value terms, Spain ($4.4M) constituted the largest supplier of refined soybean oil to Portugal.
What are the leading importers of refined soybean oil and its fractions from Portugal?
+
In value terms, Angola ($48M) remains the key foreign market for refined soybean oil exports from Portugal, comprising 86% of total exports. The second position in the ranking was occupied by Cabo Verde ($2.7M), with a 4.8% share of total exports. It was followed by Sao Tome and Principe, with a 2.6% share.
What is the average export price for refined soybean oil and its fractions in Portugal?
+
The average refined soybean oil export price stood at $1,075 per tonne in 2019, with a decrease of -7.7% against the previous year.
What is the average import price for refined soybean oil and its fractions in Portugal?
+
In 2019, the average refined soybean oil import price amounted to $1,009 per tonne, reducing by -10% 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 Portugal. 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:
• Portugal

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Portugal
• 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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

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

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 In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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