Latest Report Update: May 24, 2021

United Kingdom - Refined Soybean Oil And Its Fractions - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.

United Kingdom: Refined Soybean Oil Market Overview 2021

Refined Soybean Oil Market Size in the UK

For the third consecutive year, the UK refined soybean oil market recorded decline in sales value, which decreased by -X% to $X in 2020. Over the period under review, consumption showed a pronounced downturn. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2020, consumption stood at a somewhat lower figure.

Refined Soybean Oil Production in the UK

In value terms, refined soybean oil production totaled $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. From 2012 to 2020, production growth remained at a somewhat lower figure.

Refined Soybean Oil Exports

Exports from the UK

In 2020, refined soybean oil exports from the UK soared to X tonnes, rising by X% on the previous year. Overall, exports saw a measured expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, exports hit record highs in 2020 and are likely to continue growth in the near future.

In value terms, refined soybean oil exports skyrocketed to $X in 2020. Over the period under review, total exports indicated measured growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in years to come.

Exports by Country

Ireland (X tonnes) was the main destination for refined soybean oil exports from the UK, with a X% share of total exports. Moreover, refined soybean oil exports to Ireland exceeded the volume sent to the second major destination, Denmark (X tonnes), fourfold. France (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Ireland totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+X% per year) and France (+X% per year).

In value terms, Ireland ($X) remains the key foreign market for refined soybean oil exports from the UK, comprising X% of total exports. The second position in the ranking was occupied by Denmark ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Ireland amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2020, the average refined soybean oil export price amounted to $X per tonne, rising by X% against the previous year. Overall, export price indicated a modest increase from 2007 to 2020: its price 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. Based on 2020 figures, refined soybean oil export price decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Germany ($X per tonne), while the average price for exports to Cyprus ($X per tonne) was amongst the lowest.

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

Refined Soybean Oil Imports

Imports into the UK

In 2020, approx. X tonnes of refined soybean oil and its fractions were imported into the UK; declining by -X% against 2019 figures. Overall, imports continue to indicate a pronounced decline. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, refined soybean oil imports fell to $X in 2020. In general, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Imports peaked at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the Netherlands (X tonnes) was the main supplier of refined soybean oil to the UK, with a X% share of total imports. It was followed by Ireland (X tonnes), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from the Netherlands totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+X% per year) and France (+X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of refined soybean oil to the UK, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from the Netherlands stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Ireland (+X% per year).

Import Prices by Country

In 2020, the average refined soybean oil import price amounted to $X per tonne, picking up by X% against the previous year. Overall, the import price, however, saw a mild contraction. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. The import price peaked at $X per tonne in 2009; however, from 2010 to 2020, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was France ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined soybean oil and its fractions in the world?
+
The countries with the highest volumes of refined soybean oil consumption in 2020 were China (1.7M tonnes), the U.S. (835K tonnes) and India (764K tonnes), together accounting for 32% of global consumption. Japan, Russia, Brazil, Italy, Pakistan, Indonesia, the UK, Bangladesh, Nigeria and Germany lagged somewhat behind, together accounting for a further 25%.
What are the largest producers of refined soybean oil and its fractions in the world?
+
The countries with the highest volumes of refined soybean oil production in 2020 were China (1.7M tonnes), the U.S. (895K tonnes) and India (601K tonnes), with a combined 32% share of global production. These countries were followed by Brazil, Japan, Russia, the Netherlands, Pakistan, Bangladesh, Nigeria, Italy, Indonesia and the UK, which together accounted for a further 26%.
What are the leading suppliers of refined soybean oil and its fractions to the UK?
+
In value terms, the Netherlands ($44M) constituted the largest supplier of refined soybean oil to the UK, comprising 91% of total imports. The second position in the ranking was occupied by France ($1M), with a 2.1% share of total imports.
What are the leading importers of refined soybean oil and its fractions from the UK?
+
In value terms, Ireland ($8.6M) remains the key foreign market for refined soybean oil exports from the UK, comprising 58% of total exports. The second position in the ranking was occupied by Denmark ($2.1M), with a 14% share of total exports. It was followed by Germany, with a 8.3% share.
What is the average export price for refined soybean oil and its fractions in the UK?
+
The average refined soybean oil export price stood at $1,232 per tonne in 2020, with an increase of 8.8% against the previous year.
What is the average import price for refined soybean oil and its fractions in the UK?
+
The average refined soybean oil import price stood at $879 per tonne in 2020, growing by 9.2% against the previous year.

Product coverage:
• Prodcom 10415100 - Refined soya-bean oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined soybean oil market in the UK. 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:
• United Kingdom

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

Webinar: Global Anhydrous Ammonia Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global anhydrous ammonia market.



Tuesday, June 15th, 2021 @ 04:00 pm ET


Register

Webinar: Global Ethanol Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global ethanol market.



Thursday, June 24th, 2021 @ 04:00 pm ET


Register

Webinar: Global Coal Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global сoal market.



Thursday, July 15th, 2021 @ 04:00 pm ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data