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U.S. - Oil Crops - Market Analysis, Forecast, Size, Trends and Insights
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U.S.: Oil Crops Market Overview 2021

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Oil Crops Market Size in the U.S.

In 2020, the U.S. oil crops market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. from 2015 to 2020, the growth of the market remained at a lower figure.

Oil Crops Production in the U.S.

In value terms, oil crops production expanded rapidly to $X in 2020. Overall, the total production indicated a tangible increase from 2007 to 2020: its value 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, production decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2020, production remained at a lower figure.

The average yield of oil crops (primary) in the U.S. reached X tonnes per ha in 2020, approximately reflecting 2019 figures. Over the period under review, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. The oil crops yield peaked at X tonnes per ha in 2016; however, from 2017 to 2020, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the harvested area of oil crops (primary) in the U.S. was estimated at X ha, standing approx. at the previous year's figure. The harvested area increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2008 when the harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to oil crops production attained the peak figure at X ha in 2017; however, from 2018 to 2020, the harvested area failed to regain the momentum.

Oil Crops Exports

Exports from the U.S.

In 2020, overseas shipments of oil crops (primary) increased by X% to X tonnes, rising for the second year in a row after two years of decline. In general, total exports indicated buoyant growth from 2007 to 2020: its volume 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. Based on 2020 figures, exports increased by +X% against 2018 indices. The growth pace was the most rapid in 2012 when exports increased by X% against the previous year. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the immediate term.

In value terms, oil crops exports soared to $X in 2020. Over the period under review, total exports indicated strong growth from 2007 to 2020: its value 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, exports increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure in 2020 and are expected to retain growth in years to come.

Exports by Country

China (X tonnes) was the main destination for oil crops exports from the U.S., accounting for a X% share of total exports. Moreover, oil crops exports to China exceeded the volume sent to the second major destination, Mexico (X tonnes), sevenfold. Egypt (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and Egypt (+X% per year).

In value terms, China ($X) remains the key foreign market for oil crops exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

From 2007 to 2020, the average annual growth rate of value to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and Egypt (+X% per year).

Export Prices by Country

In 2020, the average oil crops export price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, export price indicated a modest expansion from 2007 to 2020: its price 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 2008 an increase of X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per tonne in 2014; however, from 2015 to 2020, export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2020, the countries with the highest prices were Japan ($X per tonne) and Thailand ($X per tonne), while the average price for exports to Egypt ($X per tonne) and Bangladesh ($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 Japan, while the prices for the other major destinations experienced more modest paces of growth.

Oil Crops Imports

Imports into the U.S.

In 2020, after two years of decline, there was significant growth in supplies from abroad of oil crops (primary), when their volume increased by X% to X tonnes. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Imports peaked at X tonnes in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

In value terms, oil crops imports expanded notably to $X in 2020. Over the period under review, total imports indicated a tangible expansion from 2007 to 2020: its value 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 pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Canada (X tonnes) constituted the largest oil crops supplier to the U.S., accounting for a X% share of total imports. Moreover, oil crops imports from Canada exceeded the figures recorded by the second-largest supplier, Argentina (X tonnes), sevenfold. The third position in this ranking was occupied by Bulgaria (X tonnes), with a X% share.

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

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

From 2007 to 2020, the average annual growth rate of value from Canada was relatively modest. 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 2020, the average oil crops import price amounted to $X per tonne, flattening at the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per tonne), while the price for Canada ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada, 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 oil crops (primary) in the world?
+
China (166M tonnes) constituted the country with the largest volume of oil crops consumption, accounting for 26% of total volume. Moreover, oil crops consumption in China exceeded the figures recorded by the second-largest consumer, Argentina (61M tonnes), threefold. The third position in this ranking was occupied by India (56M tonnes), with a 8.7% share.
What are the largest producers of oil crops (primary) in the world?
+
The countries with the highest volumes of oil crops production in 2020 were Brazil (127M tonnes), the U.S. (109M tonnes) and Argentina (62M tonnes), with a combined 46% share of global production. These countries were followed by China, India, Canada, Russia, Ukraine, Indonesia and the Philippines, which together accounted for a further 35%.
What are the leading suppliers of oil crops (primary) to the U.S.?
+
In value terms, Canada ($448M) constituted the largest supplier of oil crops to the U.S., comprising 46% of total imports. The second position in the ranking was occupied by Argentina ($84M), with a 8.7% share of total imports. It was followed by India, with a 8.4% share.
What are the leading importers of oil crops (primary) from the U.S.?
+
In value terms, China ($14.4B) remains the key foreign market for oil crops exports from the U.S., comprising 54% of total exports. The second position in the ranking was occupied by Mexico ($1.9B), with a 7.3% share of total exports. It was followed by Egypt, with a 5.7% share.
What is the average export price for oil crops (primary) in the U.S.?
+
The average oil crops export price stood at $406 per tonne in 2020, increasing by 11% against the previous year.
What is the average import price for oil crops (primary) in the U.S.?
+
In 2020, the average oil crops import price amounted to $686 per tonne, flattening at the previous year.

Product coverage:
• FCL 249 - Coconuts
• FCL 236 - Soybeans
• FCL 242 - Groundnuts, in shell
• FCL 333 - Linseed
• FCL 270 - Rapeseed or colza seed
• FCL 267 - Sunflower seed
• FCL 289 - Sesame seed
• FCL 292 - Mustard seed
• FCL 296 - Poppy seed
• FCL 265 - Castor Beans
• FCL 336 -
• FCL 277 -
• FCL 310 -
• FCL 263 -
• FCL 299 - Melonseed
• FCL 254 -
• FCL 339 -
• FCL 280 -
• FCL 305 -
• FCL 275 -
• FCL 311 -
• FCL 312 -
• FCL 329 -

This report provides an in-depth analysis of the oil crops 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
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
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, HARVESTED AREA AND YIELD
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:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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