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Singapore - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends And Insights
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Singapore: Crude Soybean Oil Market Overview 2021

Crude Soybean Oil Market Size in Singapore

For the fourth consecutive year, the Singaporean crude soybean oil market recorded decline in sales value, which decreased by -X% to $X in 2019. Over the period under review, consumption showed a mild contraction. The pace of growth was the most pronounced in 2013 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2014 to 2019, the growth of the market remained at a somewhat lower figure.

Crude Soybean Oil Production in Singapore

In value terms, crude soybean oil production reduced modestly to $X in 2019 estimated in export prices. Over the period under review, production saw a slight slump. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. As a result, production reached the peak level of $X. From 2013 to 2019, production growth remained at a lower figure.

Crude Soybean Oil Exports

Exports from Singapore

For the sixth consecutive year, Singapore recorded growth in shipments abroad of crude soybean oil, which increased by X% to X tonnes in 2019. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. As a result, exports reached the peak of X tonnes. From 2013 to 2019, the growth exports remained at a lower figure.

In value terms, crude soybean oil exports amounted to $X in 2019. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2013 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

India (X tonnes) was the main destination for crude soybean oil exports from Singapore, with a X% share of total exports. Moreover, crude soybean oil exports to India exceeded the volume sent to the second major destination, Zimbabwe (X tonnes), sixfold.

From 2007 to 2019, the average annual growth rate of volume to India amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (X% per year) and Fiji (+X% per year).

In value terms, India ($X) remains the key foreign market for crude soybean oil exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Zimbabwe ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to India totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (X% per year) and Fiji (+X% per year).

Export Prices by Country

In 2019, the average crude soybean oil export price amounted to $X per tonne, reducing by -X% against the previous year. Overall, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2013 an increase of X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Fiji ($X per tonne), while the average price for exports to India ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe, while the prices for the other major destinations experienced a decline.

Crude Soybean Oil Imports

Imports into Singapore

Crude soybean oil imports into Singapore contracted rapidly to X tonnes in 2019, dropping by -X% compared with the previous year. Overall, imports, however, continue to indicate measured growth. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2015; however, from 2016 to 2019, imports remained at a lower figure.

In value terms, crude soybean oil imports contracted significantly to $X in 2019. In general, imports, however, showed a slight increase. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Imports peaked at $X in 2015; however, from 2016 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, China (X tonnes) constituted the largest crude soybean oil supplier to Singapore, with a X% share of total imports. Moreover, crude soybean oil imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), fivefold.

From 2007 to 2019, the average annual rate of growth in terms of volume from China totaled +X%.

In value terms, China ($X) constituted the largest supplier of crude soybean oil to Singapore, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from China stood at +X%.

Import Prices by Country

In 2019, the average crude soybean oil import price amounted to $X per tonne, which is down by -X% against the previous year. In general, the import price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was China ($X per tonne), while the price for Italy stood at $X per tonne.

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude soybean oil in the world?
+
The countries with the highest volumes of crude soybean oil consumption in 2019 were China (4.4M tonnes), India (3.1M tonnes) and the U.S. (1.8M tonnes), together comprising 31% of global consumption. These countries were followed by Japan, Russia, Algeria, Indonesia, Brazil, Bangladesh, Pakistan, Mexico, Morocco and Germany, which together accounted for a further 24%.
What are the largest producers of crude soybean oil in the world?
+
The countries with the highest volumes of crude soybean oil production in 2019 were Argentina (5.1M tonnes), China (3.8M tonnes) and the U.S. (2.6M tonnes), together comprising 38% of global production.
What are the leading suppliers of crude soybean oil to Singapore?
+
In value terms, China ($1.1M) constituted the largest supplier of crude soybean oil to Singapore, comprising 85% of total imports. The second position in the ranking was occupied by Italy ($192K), with a 15% share of total imports.
What are the leading importers of crude soybean oil from Singapore?
+
In value terms, India ($4.3M) remains the key foreign market for crude soybean oil exports from Singapore, comprising 78% of total exports. The second position in the ranking was occupied by Zimbabwe ($1M), with a 19% share of total exports.
What is the average export price for crude soybean oil in Singapore?
+
In 2019, the average crude soybean oil export price amounted to $719 per tonne, with a decrease of -19.9% against the previous year.
What is the average import price for crude soybean oil in Singapore?
+
The average crude soybean oil import price stood at $733 per tonne in 2019, with a decrease of -21.1% against the previous year.

Product coverage:
• Prodcom 10412100 - Crude soya-bean oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the crude soybean oil market in Singapore. 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:
• Singapore

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