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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.

In 2019, the U.S. crude soybean oil market decreased by -X% to $X for the first time since 2015, thus ending a three-year rising trend. In general, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. From 2009 to 2019, the growth of the market remained at a lower figure.

Crude Soybean Oil Production in the U.S.

In value terms, crude soybean oil production declined slightly to $X in 2019. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. From 2009 to 2019, production growth remained at a lower figure.

Crude Soybean Oil Exports

Exports from the U.S.

In 2019, approx. X tonnes of crude soybean oil were exported from the U.S.; with a decrease of -X% compared with the year before. In general, exports, however, showed a mild expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2010; however, from 2011 to 2019, exports remained at a lower figure.

In value terms, crude soybean oil exports dropped notably to $X in 2019. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2010; however, from 2011 to 2019, exports failed to regain the momentum.

Exports by Country

South Korea (X tonnes) was the main destination for crude soybean oil exports from the U.S., accounting for a X% share of total exports. Moreover, crude soybean oil exports to South Korea exceeded the volume sent to the second major destination, the Dominican Republic (X tonnes), threefold. Guatemala (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to South Korea totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+X% per year) and Guatemala (+X% per year).

In value terms, South Korea ($X) remains the key foreign market for crude soybean oil exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by the Dominican Republic ($X), with a X% share of total exports. It was followed by Guatemala, with a X% share.

From 2007 to 2019, the average annual growth rate of value to South Korea stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+X% per year) and Guatemala (+X% per year).

Export Prices by Country

The average crude soybean oil export price stood at $X per tonne in 2019, reducing by -X% against the previous year. In general, the export price continues to indicate a slight downturn. The pace of growth was the most pronounced in 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the maximum at $X per tonne in 2012; however, from 2013 to 2019, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2019, the countries with the highest prices were Mozambique ($X per tonne) and Peru ($X per tonne), while the average price for exports to the Dominican Republic ($X per tonne) and Guatemala ($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 Mozambique, while the prices for the other major destinations experienced mixed trend patterns.

Crude Soybean Oil Imports

Imports into the U.S.

In 2019, after four years of growth, there was significant decline in purchases abroad of crude soybean oil, when their volume decreased by -X% to X tonnes. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes, and then declined remarkably in the following year.

In value terms, crude soybean oil imports reduced markedly to $X in 2019. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then reduced sharply in the following year.

Imports by Country

In 2019, Canada (X tonnes) constituted the largest supplier of crude soybean oil 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, Argentina (X tonnes), ninefold. India (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, 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: Argentina (+X% per year) and India (X% per year).

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

From 2007 to 2019, the average annual rate of growth in terms of value from Canada stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+X% per year) and India (X% per year).

Import Prices by Country

In 2019, the average crude soybean oil import price amounted to $X per tonne, approximately reflecting the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 an increase of X% against the previous year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; 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 2019, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced mixed trend patterns.

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. Japan, Russia, Algeria, Indonesia, Brazil, Bangladesh, Pakistan, Mexico, Morocco and Germany lagged somewhat behind, together comprising 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), with a combined 38% share of global production.
What are the leading suppliers of crude soybean oil to the U.S.?
+
In value terms, Canada ($6.1M) constituted the largest supplier of crude soybean oil to the U.S., comprising 80% of total imports. The second position in the ranking was occupied by Argentina ($718K), with a 9.5% share of total imports. It was followed by India, with a 7.2% share.
What are the leading importers of crude soybean oil from the U.S.?
+
In value terms, South Korea ($251M) remains the key foreign market for crude soybean oil exports from the U.S., comprising 44% of total exports. The second position in the ranking was occupied by the Dominican Republic ($90M), with a 16% share of total exports. It was followed by Guatemala, with a 10% share.
What is the average export price for crude soybean oil in the U.S.?
+
In 2019, the average crude soybean oil export price amounted to $721 per tonne, with a decrease of -3.4% 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 $740 per tonne in 2019, therefore, remained relatively stable 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 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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