Southern Asia: Soybean Oilcake Market 2024

Soybean Oilcake Market Size in Southern Asia

The South Asian soybean oilcake market totaled $X in 2022, growing by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Soybean Oilcake Production in Southern Asia

In value terms, soybean oilcake production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a slight downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Soybean Oilcake Exports

Exports in Southern Asia

In 2022, soybean oilcake exports in Southern Asia shrank dramatically to X tons, reducing by X% against the previous year's figure. Over the period under review, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, soybean oilcake exports dropped markedly to $X in 2022. In general, exports faced a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Pakistan (X tons), constituting a X% share of total exports. Afghanistan (X tons) followed a long way behind the leaders.

Exports from India decreased at an average annual rate of X% from 2012 to 2022. At the same time, Pakistan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Afghanistan (X%) illustrated a downward trend over the same period. Pakistan (X p.p.) and Afghanistan (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual growth rate of value in India stood at X%. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Afghanistan (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, growing by X% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, soybean oilcake export price increased by X% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Soybean Oilcake Imports

Imports in Southern Asia

In 2022, approx. X tons of soybean oilcake were imported in Southern Asia; declining by X% against the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, soybean oilcake imports reduced remarkably to $X in 2022. Total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then dropped remarkably in the following year.

Imports by Country

Bangladesh represented the main importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by India (X tons), Nepal (X tons) and Sri Lanka (X tons), together constituting a X% share of total imports. Afghanistan (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to soybean oilcake imports into Bangladesh stood at X%. At the same time, India (X%), Afghanistan (X%), Nepal (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of India, Bangladesh, Nepal and Afghanistan increased by X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest soybean oilcake importing markets in Southern Asia were Bangladesh ($X), India ($X) and Nepal ($X), with a combined X% share of total imports.

India, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, falling by X% against 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 at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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