U.S. - Soybean Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingU.S. Soybean Oil Price Drops 7% to $1,686 per Ton After Maximizing in June
U.S. Soybean Oil Export Price per Ton July 2022
In July 2022, the soybean oil price per ton stood at $1,686, declining by -6.9% against the previous month. Over the last six months, it increased at an average monthly rate of +2.9%. The most prominent rate of growth was recorded in May 2022 when the average export price increased by 12% m-o-m. The export price peaked at $1,811 per ton in June 2022, and then reduced in the following month.
There were significant differences in the average prices for the major export markets. In July 2022, the country with the highest price was Canada ($2,093 per ton), while the average price for exports to Venezuela ($1,219 per ton) was amongst the lowest.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Soybean Oil Export Prices by Type
Average prices varied somewhat for the major types of exported product. In July 2022, the product with the highest price was refined soybean oil and its fractions ($2,212 per ton), while the average price for exports of crude soybean oil stood at $1,592 per ton.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was recorded for the following types: refined soybean oil (+5.5%).
U.S. Soybean Oil Exports
After three months of decline, shipments abroad of soybean oil increased by 61% to 53K tons in July 2022. Over the period under review, exports, however, continue to indicate a deep downturn. Over the period under review, the exports attained the maximum at 129K tons in January 2022; however, from February 2022 to July 2022, the exports stood at a somewhat lower figure.
In value terms, soybean oil exports surged to $90M (IndexBox estimates) in July 2022. In general, exports, however, saw a deep reduction. Over the period under review, the exports attained the peak figure at $192M in March 2022; however, from April 2022 to July 2022, the exports stood at a somewhat lower figure.
U.S. Soybean Oil Exports by Type
Crude soybean oil (45K tons) was the largest type of soybean oil exported from the United States, with a 85% share of total exports. Moreover, crude soybean oil exceeded the volume of the second product type, refined soybean oil and its fractions (8.1K tons), sixfold.
From January 2022 to July 2022, the average monthly growth rate of the volume of export of crude soybean oil amounted to -13.8%.
In value terms, crude soybean oil ($72M) remains the largest type of soybean oil exported from the United States, comprising 80% of total exports. The second position in the ranking was held by refined soybean oil and its fractions ($18M), with a 20% share of total exports.
From January 2022 to July 2022, the average monthly growth rate of the export volume of crude soybean oil totaled -11.9%.
U.S. Soybean Oil Exports by Country
Guatemala (12K tons), South Korea (12K tons) and Venezuela (11K tons) were the main destinations of soybean oil exports from the United States, with a combined 66% share of total exports.
From January 2022 to July 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Venezuela (with a CAGR of +25.1%), while the other leaders experienced more modest paces of growth.
In value terms, South Korea ($22M), Guatemala ($20M) and Venezuela ($14M) constituted the largest markets for soybean oil exported from the United States worldwide, together comprising 63% of total exports.
In terms of the main countries of destination, Venezuela, with a CAGR of +21.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the 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 2030.
Product coverage:
- FCL 237 - Oil of Soybeans
Country coverage:
- United States
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
