Southern Asia: Refined Soybean Oil Market 2024

Refined Soybean Oil Market Size in Southern Asia

The South Asian refined soybean oil market fell significantly to $X in 2022, reducing by X% against the previous year. In general, consumption saw a noticeable descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Refined Soybean Oil Production in Southern Asia

In value terms, refined soybean oil production reduced to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Refined Soybean Oil Exports

Exports in Southern Asia

Refined soybean oil exports soared to X tons in 2022, increasing by X% on the previous year's figure. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, refined soybean oil exports skyrocketed to $X in 2022. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Nepal (X tons) represented the main exporter of refined soybean oil and its fractions, constituting X% of total exports. It was distantly followed by India (X tons), creating a X% share of total exports. Bangladesh (X tons) held a little share of total exports.

Nepal experienced a relatively flat trend pattern with regard to volume of exports of refined soybean oil and its fractions. At the same time, India (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. Nepal (X p.p.) significantly strengthened its position in terms of the total exports, while Bangladesh and India saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Nepal ($X) emerged as the largest refined soybean oil supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Nepal was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and Bangladesh (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, surging by X% against the previous year. Overall, the export price recorded a mild increase. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nepal ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%).

Refined Soybean Oil Imports

Imports in Southern Asia

After four years of growth, overseas purchases of refined soybean oil and its fractions decreased by X% to X tons in 2022. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then declined markedly in the following year.

In value terms, refined soybean oil imports shrank dramatically to $X in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then fell rapidly in the following year.

Imports by Country

India prevails in imports structure, accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Bhutan (X tons), constituting an X% share of total imports.

India was also the fastest-growing in terms of the refined soybean oil and its fractions imports, with a CAGR of X% from 2012 to 2022. At the same time, Bhutan (X%) displayed positive paces of growth. India (X p.p.) significantly strengthened its position in terms of the total imports, while Bhutan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported refined soybean oil and its fractions in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bhutan ($X), with a X% share of total imports.

In India, refined soybean oil imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Bhutan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bhutan (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :