South-Eastern Asia: Soybean Oil Market 2020

Soybean Oil Market Size in South-Eastern Asia

The revenue of the soybean oil market in South-Eastern Asia amounted to $X in 2017, picking up by X% against the previous year. The total market indicated a strong expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2011, with an increase of X% y-o-y. In that year, the soybean oil market attained their peak level of $X. From 2012 to 2017, growth of the soybean oil market stood at a somewhat lower level.

Soybean Oil Production in South-Eastern Asia

The soybean oil production stood at X tons in 2017, therefore, remained relatively stable against the previous year. The soybean oil production continues to indicate a mild drop. The most prominent rate of growth was recorded in 2011, when it surged by X% against the previous year. Over the period under review, the soybean oil production attained its maximum volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Soybean Oil Exports in South-Eastern Asia

In 2017, approx. X tons of soya-bean oil were exported in South-Eastern Asia; declining by -X% against the previous year. The soybean oil exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2014, when exports increased by X% y-o-y. Over the period under review, the soybean oil exports attained its maximum volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, soybean oil exports amounted to $X in 2017. The soybean oil exports continue to indicate a relatively flat trend pattern. The level of exports peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Soybean Oil Exports by Country in South-Eastern Asia

Malaysia represented the largest exporting country with an export of about X tons, which accounted for X% of total exports. Thailand (X tons) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Vietnam (X%) and Indonesia (X%). Singapore (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to soybean oil exports from Malaysia stood at -X%. At the same time, Indonesia (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest growing exporter in South-Eastern Asia, with a CAGR of +X% from 2007-2017. By contrast, Singapore (-X%) and Vietnam (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Vietnam, Malaysia and Singapore increased by X%, X% and X% percentage points, while Indonesia (-X%) and Thailand (-X%) saw their share reduced.

In value terms, Malaysia ($X) remains the largest soybean oil supplier in South-Eastern Asia, making up X% of global exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of global exports. It was followed by Vietnam, with a X% share.

In Malaysia, soybean oil exports remained relatively stable over the period from 2007-2017. In the other countries, the average annual rates were as follows: Thailand (+X% per year) and Vietnam (-X% per year).

Soybean Oil Export Prices by Country in South-Eastern Asia

The soybean oil export price in South-Eastern Asia stood at $X per ton in 2017, increasing by X% against the previous year. The soybean oil export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2008, an increase of X% against the previous year. The level of export price peaked of $X per ton in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Thailand ($X per ton) and Singapore ($X per ton), while Vietnam ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Vietnam (+X% per year), while the other leaders experienced more modest paces of growth.

Soybean Oil Imports in South-Eastern Asia

In 2017, approx. X tons of soya-bean oil were imported in South-Eastern Asia; approximately mirroring the previous year. The soybean oil imports continue to indicate a temperate curtailment. The most prominent rate of growth was recorded in 2010, when it surged by X% year-to-year. In that year, the soybean oil imports reached their peak volume of X tons. From 2011 to 2017, growth of the soybean oil imports stood at a somewhat lower level.

In value terms, soybean oil imports stood at $X in 2017. The soybean oil imports continue to indicate a relatively flat trend pattern. Over the period under review, the soybean oil imports reached its maximum level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Soybean Oil Imports by Country in South-Eastern Asia

Malaysia was the key importing country with an import of around X tons, which amounted to X% of total imports. Vietnam (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Indonesia (X%), Singapore (X%) and Thailand (X%). The Philippines (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Thailand (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Vietnam ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2017, together accounting for X% of total imports. These countries were followed by Singapore, Thailand and the Philippines, which together accounted for a further X%.

In terms of the main importing countries , Thailand (+X% per year) recorded the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Soybean Oil Import Prices by Country in South-Eastern Asia

In 2017, the soybean oil import price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008, an increase of X% y-o-y. The level of import price peaked of $X per ton in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Indonesia ($X per ton) and Singapore ($X per ton), while Vietnam ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Vietnam (+X% per year), while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform