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Portugal - Soybean Oilcake - Market Analysis, Forecast, Size, Trends and Insights
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Portugal: Soybean Oilcake Market 2022

Soybean Oilcake Market Size in Portugal

In 2021, the Portuguese soybean oilcake market decreased by -10.6% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate a noticeable descent. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Soybean Oilcake Production in Portugal

In value terms, soybean oilcake production shrank to $X in 2021 estimated in export price. In general, production continues to indicate a mild descent. The growth pace was the most rapid in 2013 when the production volume increased by 31% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Soybean Oilcake Exports

Exports from Portugal

In 2021, approx. X tons of soybean oilcake were exported from Portugal; picking up by 18% against the previous year's figure. Overall, exports continue to indicate prominent growth. The growth pace was the most rapid in 2018 with an increase of 191% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, soybean oilcake exports surged to $X in 2021. Over the period under review, exports showed buoyant growth. The growth pace was the most rapid in 2018 when exports increased by 204% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Spain (X tons) was the main destination for soybean oilcake exports from Portugal, with a 75% share of total exports. Moreover, soybean oilcake exports to Spain exceeded the volume sent to the second major destination, Turkey (X tons), fivefold. The third position in this ranking was held by Libya (X tons), with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain amounted to +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+75.2% per year) and Libya (0.0% per year).

In value terms, Spain ($X) remains the key foreign market for soybean oilcake exports from Portugal, comprising 73% of total exports. The second position in the ranking was held by Turkey ($X), with a 15% share of total exports. It was followed by Libya, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+94.3% per year) and Libya (0.0% per year).

Export Prices by Country

In 2021, the average soybean oilcake export price amounted to $X per ton, picking up by 19% against the previous year. In general, the export price, however, saw a mild shrinkage. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, the highest price was recorded for prices to Libya ($X per ton) and Cabo Verde ($X per ton), while the average price for exports to Spain ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+10.9%), while the prices for the other major destinations experienced mixed trend patterns.

Soybean Oilcake Imports

Imports into Portugal

In 2021, the amount of soybean oilcake imported into Portugal skyrocketed to X tons, jumping by 19% against the previous year. In general, imports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of 256% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, soybean oilcake imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2019 when imports increased by 194%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Argentina (X tons) constituted the largest soybean oilcake supplier to Portugal, accounting for a 70% share of total imports. Moreover, soybean oilcake imports from Argentina exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Argentina amounted to -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+5.4% per year) and Germany (-1.3% per year).

In value terms, Argentina ($X) constituted the largest supplier of soybean oilcake to Portugal, comprising 72% of total imports. The second position in the ranking was held by Spain ($X), with a 24% share of total imports. It was followed by Germany, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value from Argentina stood at -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+4.7% per year) and Germany (-1.5% per year).

Import Prices by Country

The average soybean oilcake import price stood at $X per ton in 2021, growing by 24% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 25% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for soybean oilcake in the world?
+
The country with the largest volume of soybean oilcake consumption was China, comprising approx. 17% of total volume. Moreover, soybean oilcake consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was held by the United States, with a 6.8% share.
What are the largest producers of soybean oilcake in the world?
+
The countries with the highest volumes of production in 2021 were China, the United States and Argentina, together accounting for 39% of global production. Brazil, India, Russia, Japan, Germany, Nigeria, Pakistan and Bangladesh lagged somewhat behind, together accounting for a further 31%.
What are the leading suppliers of soybean oilcake to Portugal?
+
In value terms, Argentina constituted the largest supplier of soybean oilcake to Portugal, comprising 72% of total imports. The second position in the ranking was held by Spain, with a 24% share of total imports. It was followed by Germany, with a 3.5% share.
What are the leading importers of soybean oilcake from Portugal?
+
In value terms, Spain remains the key foreign market for soybean oilcake exports from Portugal, comprising 73% of total exports. The second position in the ranking was held by Turkey, with a 15% share of total exports. It was followed by Libya, with an 8% share.
What is the average export price for soybean oilcake in Portugal?
+
The average soybean oilcake export price stood at $452 per ton in 2021, jumping by 19% against the previous year.
What is the average import price for soybean oilcake in Portugal?
+
The average soybean oilcake import price stood at $435 per ton in 2021, surging by 24% against the previous year.

This report provides an in-depth analysis of the soybean oilcake 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 2030.


Product coverage:
• Prodcom 10414130 - Oilcake and other solid residues resulting from the extraction of soya-bean oil
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
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

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 PRODUCT

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 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
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 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
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, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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