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Saudi Arabia - Soybean Oilcake - Market Analysis, Forecast, Size, Trends And Insights
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Saudi Arabia: Soybean Oilcake Market Overview 2021

Soybean Oilcake Market Size in Saudi Arabia

The Saudi soybean oilcake market fell to $X in 2020, which is down by -X% against the previous year. Overall, the total consumption indicated a temperate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Soybean oilcake consumption peaked at $X in 2015; however, from 2016 to 2020, consumption remained at a lower figure.

Soybean Oilcake Production in Saudi Arabia

In value terms, soybean oilcake production contracted sharply to $X in 2020 estimated in export prices. In general, production continues to indicate a notable increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Soybean oilcake production peaked at $X in 2016; however, from 2017 to 2020, production stood at a somewhat lower figure.

Soybean Oilcake Exports

Exports from Saudi Arabia

In 2020, overseas shipments of soybean oilcake increased by X% to X tonnes, rising for the third year in a row after two years of decline. In general, exports saw a significant expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, soybean oilcake exports skyrocketed to $X in 2020. Overall, exports saw a significant expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Oman (X tonnes) was the main destination for soybean oilcake exports from Saudi Arabia, with a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Oman stood at +X%.

In value terms, Oman ($X) also remains the key foreign market for soybean oilcake exports from Saudi Arabia.

From 2007 to 2020, the average annual rate of growth in terms of value to Oman stood at +X%.

Export Prices by Country

In 2020, the average soybean oilcake export price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, export price indicated a temperate increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, soybean oilcake export price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The export price peaked at $X per tonne in 2017; however, from 2018 to 2020, export prices remained at a lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for Oman amounted to +X% per year.

Soybean Oilcake Imports

Imports into Saudi Arabia

Soybean oilcake imports into Saudi Arabia amounted to X tonnes in 2020, with an increase of X% compared with the year before. In general, imports enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure in 2020 and are likely to see steady growth in the immediate term.

In value terms, soybean oilcake imports reached $X in 2020. Overall, total imports indicated a tangible expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. Imports peaked in 2020 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2020, Argentina (X tonnes) constituted the largest supplier of soybean oilcake to Saudi Arabia, accounting for a X% share of total imports. Moreover, soybean oilcake imports from Argentina exceeded the figures recorded by the second-largest supplier, Brazil (X tonnes), ninefold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Argentina totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-X% per year) and the U.S. (-X% per year).

In value terms, Argentina ($X) constituted the largest supplier of soybean oilcake to Saudi Arabia, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Argentina stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and the U.S. (-X% per year).

Import Prices by Country

The average soybean oilcake import price stood at $X per tonne in 2020, stabilizing at the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, the countries with the highest prices were Brazil ($X per tonne) and Argentina ($X per tonne), while the price for Paraguay ($X per tonne) and the U.S. ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Brazil, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

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 (37M tonnes), accounting for 15% of total volume. Moreover, soybean oilcake consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (17M tonnes), twofold. India (15M tonnes) ranked third in terms of total consumption with a 6% share.
What are the largest producers of soybean oilcake in the world?
+
The countries with the highest volumes of soybean oilcake production in 2020 were China (38M tonnes), the U.S. (26M tonnes) and Argentina (25M tonnes), together comprising 38% of global production. These countries were followed by India, Brazil, Pakistan, Russia, Germany, Nigeria, Japan, Bangladesh and Ethiopia, which together accounted for a further 32%.
What are the leading suppliers of soybean oilcake to Saudi Arabia?
+
In value terms, Argentina ($304M) constituted the largest supplier of soybean oilcake to Saudi Arabia, comprising 83% of total imports. The second position in the ranking was occupied by Brazil ($36M), with a 9.9% share of total imports. It was followed by the U.S., with a 2.2% share.
What are the leading importers of soybean oilcake from Saudi Arabia?
+
In value terms, Oman ($862K) remains the key foreign market for soybean oilcake exports from Saudi Arabia.
What is the average export price for soybean oilcake in Saudi Arabia?
+
The average soybean oilcake export price stood at $459 per tonne in 2020, shrinking by -17.5% against the previous year.
What is the average import price for soybean oilcake in Saudi Arabia?
+
The average soybean oilcake import price stood at $327 per tonne in 2020, therefore, remained relatively stable against the previous year.

Product coverage:
• Prodcom 10414130 - Oilcake and other solid residues resulting from the extraction of soya-bean oil

This report provides an in-depth analysis of the soybean oilcake market in Saudi Arabia. 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:
• Saudi Arabia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Saudi Arabia
• 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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