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U.S. - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends And Insights
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U.S.: Crude Soybean Oil Market Overview 2021

Crude Soybean Oil Market Size in the U.S.

The U.S. crude soybean oil market reached $X in 2020, increasing by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Crude soybean oil consumption peaked at $X in 2012; however, from 2013 to 2020, consumption stood at a somewhat lower figure.

Crude Soybean Oil Production in the U.S.

In value terms, crude soybean oil production stood at $X in 2020. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. As a result, production attained the peak level of $X. from 2009 to 2020, production growth failed to regain the momentum.

Crude Soybean Oil Exports

Exports from the U.S.

In 2020, the amount of crude soybean oil exported from the U.S. surged to X tonnes, with an increase of X% on the previous year's figure. Overall, total exports indicated a pronounced increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2010; however, from 2011 to 2020, exports failed to regain the momentum.

In value terms, crude soybean oil exports skyrocketed to $X in 2020. In general, exports continue to indicate a pronounced expansion. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. Exports peaked at $X in 2010; however, from 2011 to 2020, exports remained at a lower figure.

Exports by Country

South Korea (X tonnes), the Dominican Republic (X tonnes) and Guatemala (X tonnes) were the main destinations of crude soybean oil exports from the U.S., together comprising X% of total exports. Colombia, Morocco, Venezuela, Mexico, India, Egypt, China, Peru, Jamaica and Algeria lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crude soybean oil exported from the U.S. were South Korea ($X), the Dominican Republic ($X) and Guatemala ($X), with a combined X% share of total exports. These countries were followed by Colombia, Morocco, Venezuela, India, Mexico, Egypt, China, Peru, Jamaica and Algeria, which together accounted for a further X recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crude soybean oil export price stood at $X per tonne in 2020, increasing by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% against the previous year. Over the period under review, average export prices reached the maximum at $X per tonne in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

Average prices varied somewhat for the major external markets. In 2020, the countries with the highest prices were India ($X per tonne) and Venezuela ($X per tonne), while the average price for exports to China ($X per tonne) and Guatemala ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to India, while the prices for the other major destinations experienced more modest paces of growth.

Crude Soybean Oil Imports

Imports into the U.S.

In 2020, approx. X tonnes of crude soybean oil were imported into the U.S.; picking up by X% compared with the previous year. Overall, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. As a result, imports attained the peak of X tonnes. from 2019 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, crude soybean oil imports soared to $X in 2020. Over the period under review, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. from 2019 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Canada (X tonnes) constituted the largest crude soybean oil supplier to the U.S., with a X% share of total imports. Moreover, crude soybean oil imports from Canada exceeded the figures recorded by the second-largest supplier, Turkey (X tonnes), fivefold. The third position in this ranking was occupied by India (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Canada stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and India (+X% per year).

In value terms, Canada ($X) constituted the largest supplier of crude soybean oil to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Canada amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and India (+X% per year).

Import Prices by Country

The average crude soybean oil import price stood at $X per tonne in 2020, increasing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per tonne in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was India ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox 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 2020 were China (4.6M tonnes), India (3.6M tonnes) and the U.S. (2.3M tonnes), together comprising 34% of global consumption.
What are the largest producers of crude soybean oil in the world?
+
The countries with the highest volumes of crude soybean oil production in 2020 were Argentina (5.4M tonnes), China (3.7M tonnes) and the U.S. (3.3M tonnes), together comprising 40% of global production.
What are the leading suppliers of crude soybean oil to the U.S.?
+
In value terms, Canada ($12M) constituted the largest supplier of crude soybean oil to the U.S., comprising 65% of total imports. The second position in the ranking was occupied by Turkey ($3.5M), with a 19% share of total imports. It was followed by India, with a 11% share.
What are the leading importers of crude soybean oil from the U.S.?
+
In value terms, the largest markets for crude soybean oil exported from the U.S. were South Korea ($225M), the Dominican Republic ($119M) and Guatemala ($78M), together comprising 52% of total exports. These countries were followed by Colombia, Morocco, Venezuela, India, Mexico, Egypt, China, Peru, Jamaica and Algeria, which together accounted for a further 43%.
What is the average export price for crude soybean oil in the U.S.?
+
In 2020, the average crude soybean oil export price amounted to $755 per tonne, picking up by 4.7% against the previous year.
What is the average import price for crude soybean oil in the U.S.?
+
The average crude soybean oil import price stood at $761 per tonne in 2020, increasing by 2.9% 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 the U.S.. 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:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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 2030
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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