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Portugal - Soybean Oil - Market Analysis, Forecast, Size, Trends and Insights
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Portugal: Soybean Oil Market Overview 2021

Soybean Oil Market Size in Portugal

The Portuguese soybean oil market contracted significantly to $X in 2020, declining by -X% against the previous year. Over the period under review, consumption continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2010 when the market value increased by X% y-o-y. Soybean oil consumption peaked at $X in 2011; however, from 2012 to 2020, consumption remained at a lower figure.

Soybean Oil Production in Portugal

In value terms, soybean oil production stood at $X in 2020 estimated in export prices. Overall, production continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% y-o-y. Soybean oil production peaked at $X in 2008; however, from 2009 to 2020, production stood at a somewhat lower figure.

Soybean Oil Exports

Exports from Portugal

In 2020, exports of soybean oil from Portugal rose remarkably to X tonnes, increasing by X% compared with 2019 figures. Overall, exports continue to indicate a tangible increase. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. Over the period under review, exports hit record highs in 2020 and are likely to continue growth in the immediate term.

In value terms, soybean oil exports rose sharply to $X in 2020. In general, exports continue to indicate a temperate expansion. 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 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Spain (X tonnes), Angola (X tonnes) and Morocco (X tonnes) were the main destinations of soybean oil exports from Portugal, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Angola ($X), Spain ($X) and Morocco ($X) were the largest markets for soybean oil exported from Portugal worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Morocco (+X% per year) recorded the highest rates of growth with regard to 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

In 2020, the average soybean oil export price amounted to $X per tonne, stabilizing at the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2012 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Angola ($X per tonne), while the average price for exports to Morocco ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Angola, while the prices for the other major destinations experienced more modest paces of growth.

Soybean Oil Imports

Imports into Portugal

For the fifth consecutive year, Portugal recorded decline in overseas purchases of soybean oil, which decreased by -X% to X tonnes in 2020. Overall, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2011; however, from 2012 to 2020, imports remained at a lower figure.

In value terms, soybean oil imports fell significantly to $X in 2020. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Imports peaked at $X in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Spain (X tonnes) was the main soybean oil supplier to Portugal, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from Spain stood at -X%.

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

From 2007 to 2020, the average annual rate of growth in terms of value from Spain totaled -X%.

Import Prices by Country

The average soybean oil import price stood at $X per tonne in 2020, picking up by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2012 to 2020, the growth in terms of the average import prices failed to regain the momentum.

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

From 2007 to 2020, 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 soybean oil in the world?
+
China (40M tonnes) constituted the country with the largest volume of soybean oil consumption, accounting for 48% of total volume. Moreover, soybean oil consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (10M tonnes), fourfold. Brazil (9.4M tonnes) ranked third in terms of total consumption with a 11% share.
What are the largest producers of soybean oil in the world?
+
China (39M tonnes) remains the largest soybean oil producing country worldwide, comprising approx. 48% of total volume. Moreover, soybean oil production in China exceeded the figures recorded by the second-largest producer, the U.S. (11M tonnes), threefold. The third position in this ranking was occupied by Brazil (10M tonnes), with a 12% share.
What are the leading suppliers of soybean oil to Portugal?
+
In value terms, Spain ($8.2M) constituted the largest supplier of soybean oil to Portugal.
What are the leading importers of soybean oil from Portugal?
+
In value terms, the largest markets for soybean oil exported from Portugal were Angola ($44M), Spain ($31M) and Morocco ($12M), with a combined 83% share of total exports.
What is the average export price for soybean oil in Portugal?
+
In 2020, the average soybean oil export price amounted to $927 per tonne, remaining relatively unchanged against the previous year.
What is the average import price for soybean oil in Portugal?
+
The average soybean oil import price stood at $903 per tonne in 2020, picking up by 17% against the previous year.

Product coverage:
• FCL 237 - Oil of Soybeans

This report provides an in-depth analysis of the 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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