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

Crude Soybean Oil Market Size in South Africa

The South African crude soybean oil market was estimated at $X in 2019, picking up by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2019, consumption remained at a lower figure.

Crude Soybean Oil Production in South Africa

In value terms, crude soybean oil production shrank slightly to $X in 2019 estimated in export prices. In general, production, however, recorded a prominent increase. The growth pace was the most rapid in 2008 when the production volume increased by X% y-o-y. Crude soybean oil production peaked at $X in 2018, and then reduced slightly in the following year.

Crude Soybean Oil Exports

Exports from South Africa

In 2019, approx. X tonnes of crude soybean oil were exported from South Africa; waning by -X% on the previous year's figure. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

In value terms, crude soybean oil exports reduced dramatically to $X in 2019. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2009; however, from 2010 to 2019, exports remained at a lower figure.

Exports by Country

Zambia (X tonnes), Zimbabwe (X tonnes) and Swaziland (X tonnes) were the main destinations of crude soybean oil exports from South Africa, with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in Zimbabwe, while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for crude soybean oil exported from South Africa were Zimbabwe ($X), Zambia ($X) and Swaziland ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Zimbabwe recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average crude soybean oil export price stood at $X per tonne in 2019, remaining constant against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2019, export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2019, the countries with the highest prices were Zimbabwe ($X per tonne) and Zambia ($X per tonne), while the average price for exports to Swaziland ($X per tonne) and Mozambique ($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 Zimbabwe, while the prices for the other major destinations experienced mixed trend patterns.

Crude Soybean Oil Imports

Imports into South Africa

In 2019, purchases abroad of crude soybean oil decreased by -X% to X tonnes, falling for the third consecutive year after two years of growth. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, crude soybean oil imports contracted to $X in 2019. Overall, imports recorded a deep slump. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, the Netherlands (X tonnes) constituted the largest supplier of crude soybean oil to South Africa, accounting for a X% share of total imports. Moreover, crude soybean oil imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Argentina (X tonnes), sixfold.

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

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

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

Import Prices by Country

In 2019, the average crude soybean oil import price amounted to $X per tonne, reducing by -X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2019, 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 Argentina ($X per tonne), while the price for the Netherlands amounted to $X per tonne.

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

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), with a combined 31% share 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 accounting for 38% of global production.
What are the leading suppliers of crude soybean oil to South Africa?
+
In value terms, the Netherlands ($18M) constituted the largest supplier of crude soybean oil to South Africa, comprising 86% of total imports. The second position in the ranking was occupied by Argentina ($2.9M), with a 14% share of total imports.
What are the leading importers of crude soybean oil from South Africa?
+
In value terms, the largest markets for crude soybean oil exported from South Africa were Zimbabwe ($11M), Zambia ($11M) and Swaziland ($3.5M), with a combined 95% share of total exports.
What is the average export price for crude soybean oil in South Africa?
+
The average crude soybean oil export price stood at $921 per tonne in 2019, approximately mirroring the previous year.
What is the average import price for crude soybean oil in South Africa?
+
The average crude soybean oil import price stood at $712 per tonne in 2019, falling by -4.5% 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 South Africa. 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:
• South Africa

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