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Imports of Soybean Oil reached record highs in 2023 and are projected to continue growing. The value of soybean oil imports decreased significantly to $233M in 2023.
During the review period, Soybean Oil exports reached a peak of 311K tons in 2022 before declining in the following year. In terms of value, exports of Soybean Oil significantly decreased to $301M in 2023.
Soybean Oil imports reached a peak of 63K tons in 2019 but decreased from 2020 to 2023. In terms of value, imports of Soybean Oil dropped to $75M in 2023.
As a result, the exports attained the peak of 2.6M tons, and then declined in the following year.In value terms, soybean oil exports dropped dramatically to $2.5B in 2023.
Explore the top import markets for soybean oil and learn about the key countries driving the global soybean oil trade. Discover the trends and statistics behind the world's best import markets for this popular cooking oil.
Soybean Oil exports peaked at 2.6M tons before declining the next year. In terms of value, exports fell significantly to $2.5B in 2023.
From July 2023 to October 2023, the import growth of Soybean Oil experienced a decline, reaching a value of $176M in October 2023.
Soybean Oil imports experienced a remarkable growth rate of 1,253% month-over-month in November 2022, reaching a value of $39M in September 2023.
During the period of June 2023 to July 2023, there was a slight decrease in the growth of imports. In terms of value, the imports of Soybean Oil fell modestly to $21M in July 2023.
This comprehensive guide provides valuable information and resources for starting a business in the Soybean Oil market in the United States. Learn about market data, official data sources, help from local authorities, and the IndexBox market intelligence platform.
The price of Soybean Oil, originating from Brazil and sold on a Free on Board basis, reached $976 per ton in June 2023. This marked a decrease of 3.8% compared to the previous month.
In January 2023, the soybean oil price amounted to $1,293 per ton (FOB, Turkey), remaining constant against the previous month.
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