
U.S. - Soybean Oilcake - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice of U.S. Soybean Oilcake Surges by 3% to Reach $510 per Metric Ton
U.S. Soybean Oilcake Export Price in August 2023
In August 2023, the soybean oilcake price stood at $510 per ton (FOB, US), increasing by 2.7% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 6.6% month-to-month. Over the period under review, the average export prices reached the peak figure at $578 per ton in March 2023; however, from April 2023 to August 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In August 2023, the countries with the highest prices were Ecuador ($542 per ton) and Guatemala ($521 per ton), while the average price for exports to Colombia ($498 per ton) and Canada ($508 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+0.2%), while the prices for the other major destinations experienced a decline.

COUNTRY | Export Price of Soybean Oilcake in U.S. (USD per ton) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | |
Ecuador | 531 | 574 | N/A | 502 | 487 | 509 | 519 | 541 | 465 | 462 | 488 | 497 | 542 |
Guatemala | 525 | 561 | 1,214 | 531 | 515 | 499 | 596 | 517 | 514 | 552 | 673 | 515 | 521 |
Mexico | 560 | 524 | 517 | 486 | 499 | 531 | 556 | 580 | 547 | 531 | 477 | 486 | 511 |
Canada | 528 | 519 | 512 | 498 | 497 | 513 | 515 | 550 | 538 | 528 | 508 | 518 | 508 |
Colombia | 542 | 566 | 541 | 500 | 485 | 547 | 557 | 609 | 558 | 525 | 487 | 469 | 498 |
Average | 556 | 549 | 528 | 508 | 507 | 520 | 555 | 578 | 550 | 529 | 501 | 496 | 510 |
U.S. Soybean Oilcake Exports
After two months of growth, overseas shipments of soybean oilcake decreased by -17.2% to 790K tons in August 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when exports increased by 52% month-to-month. As a result, the exports reached the peak of 1.1M tons. From April 2023 to August 2023, the growth of the exports remained at a lower figure.
In value terms, soybean oilcake exports fell to $402M (IndexBox estimates) in August 2023. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when exports increased by 58% month-to-month. As a result, the exports reached the peak of $629M. From April 2023 to August 2023, the growth of the exports remained at a somewhat lower figure.
U.S. Soybean Oilcake Exports by Country
Colombia (151K tons), Mexico (129K tons) and Canada (111K tons) were the main destinations of soybean oilcake exports from the United States, together accounting for 49% of total exports. Venezuela, the Dominican Republic, Morocco, Portugal, Ecuador, Israel, Guatemala, the Philippines, Honduras and Nicaragua lagged somewhat behind, together accounting for a further 37%.
From August 2022 to August 2023, the biggest increases were in Israel (with a CAGR of +90.6%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for soybean oilcake exported from the United States were Colombia ($75M), Mexico ($66M) and Canada ($56M), with a combined 49% share of total exports. Venezuela, the Dominican Republic, Portugal, Morocco, Ecuador, Israel, Guatemala, Honduras, Nicaragua and the Philippines lagged somewhat behind, together accounting for a further 37%.
Israel, with a CAGR of +79.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 oilcake 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:
- Prodcom 10414130 - Oilcake and other solid residues resulting from the extraction of soya-bean oil
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.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- 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: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- 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: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024