We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Brazil - Oil Crops - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2025

Brazil - Oil Crops - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
Mar 13, 2024

Brazil's Exports of Oil Crops Dive to $1.5B in January 2024

Brazil Oil Crops Exports

In January 2024, shipments abroad of oil crops (primary) decreased by -24.8% to 2.9M tons, falling for the eighth consecutive month after five months of growth. Overall, exports, however, showed a strong increase. The most prominent rate of growth was recorded in February 2023 with an increase of 478% month-to-month.

In value terms, oil crops exports fell markedly to $1.5B (IndexBox estimates) in January 2024. In general, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in February 2023 when exports increased by 423% against the previous month.Brazil Oil Crops Exports By Country (Billion USD)

COUNTRYExport Value of Oil Crops in Brazil (billion USD)
Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023Dec 2023Jan 2024
China0.31.95.65.45.44.53.33.22.62.5< 0.11.71.0
Others0.20.91.82.32.72.31.41.10.70.42.70.30.5
Total0.52.87.47.88.16.84.84.23.32.92.72.01.5

Exports by Country

China (2M tons) was the main destination for oil crops exports from Brazil, with a approximately 68% share of total exports.

From January 2023 to January 2024, the average monthly growth rate of volume to China amounted to +11.9%.

In value terms, China ($1B) also remains the key foreign market for oil crops exports from Brazil.

From January 2023 to January 2024, the average monthly rate of growth in terms of value to China stood at +10.4%.

Exports by Type

Soya beans (2.9M tons) was the largest type of oil crops exported from Brazil, accounting for a 99% share of total exports. It was followed by rape or colza seed (21K tons), with a 0.7% share of total exports. Sesame seed (8.6K tons) ranked third in terms of total exports with a 0.3% share.

From January 2023 to January 2024, the average monthly growth rate of the volume of export of soya beans amounted to +10.7%. With regard to the other exported products, the following average monthly rates of growth were recorded: rape or colza seed (+90.8% per month) and sesame seed (-9.9% per month).

In value terms, soya beans ($1.5B) remains the largest type of oil crops exported from Brazil, comprising 98% of total exports. The second position in the ranking was held by sesame seed ($14M), with a 0.9% share of total exports. It was followed by rape or colza seed, with a 0.7% share.

From January 2023 to January 2024, the average monthly growth rate of the export volume of soya beans stood at +9.3%. With regard to the other exported products, the following average monthly rates of growth were recorded: sesame seed (-8.3% per month) and rape or colza seed (+39.8% per month).

Export Prices by Country

In January 2024, the oil crops price amounted to $513 per ton (FOB, Brazil), waning by -1.8% against the previous month. Overall, the export price saw a slight downturn. The pace of growth was the most pronounced in September 2023 when the average export price increased by 3.1% m-o-m. Over the period under review, the average export prices reached the peak figure at $622 per ton in January 2023; however, from February 2023 to January 2024, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In January 2024, the countries with the highest prices were Iran ($523 per ton) and Norway ($522 per ton), while the average price for exports to Thailand ($500 per ton) and Spain ($505 per ton) were amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Iran (-0.9%), while the prices for the other major destinations experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the oil crops market in Brazil. 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 2030.

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 - Cottonseed

Country coverage:

  • Brazil

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Brazil
  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012-2024
    6. Imports, In Value Terms, By Country, 2012-2024
    7. Import Prices, By Country, 2012-2024
    8. Exports, In Physical Terms, By Country, 2012-2024
    9. Exports, In Value Terms, By Country, 2012-2024
    10. Exports Prices, By Country, 2012-2024

  12. LIST OF FIGURES

    1. Market Volume, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply Vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply Vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, by Product
    11. Average Per Capita Consumption, by Product
    12. Exports and Growth, by Product
    13. Export Prices and Growth, by Product
    14. Production Volume and Growth
    15. Yield and Growth
    16. Exports and Growth
    17. Export Prices and Growth
    18. Market Size and Growth
    19. Per Capita Consumption
    20. Imports and Growth
    21. Import Prices
    22. Production, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Production, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Harvested Area: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Yield: Historical Data (2012–2024) and Forecast (2025–2035)
    26. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    27. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    28. Imports, in Physical Terms, by Country, 2024
    29. Imports, in Physical Terms, by Country, 2012-2024
    30. Imports, in Value Terms, by Country, 2012-2024
    31. Import Prices, by Country, 2012-2024
    32. Exports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    33. Exports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    34. Exports, in Physical Terms, by Country, 2024
    35. Exports, in Physical Terms, by Country, 2012-2024
    36. Exports, in Value Terms, by Country, 2012-2024
    37. Export Prices, by Country, 2012-2024

Recommended posts

Free Data: Oil Crops - Brazil
Table
Oil Crops - Brazil - Table
Dashboard
Oil Crops - Brazil - Dashboard
Report
Oil Crops - Brazil - Report