Report Update: Nov 1, 2024

World - Soybean Oil - Market Analysis, Forecast, Size, Trends and Insights

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Soybean oil market

Soybean oil market: download recently published statistics provided by an Ai-driven BI platform. Datasets contain market prices, production, trade, imports, companies, market size, exports, and consumption. Here is a split by region, including EU, Russia, China, Africa, the Middle East, the U.K., the U.S., and Latin America. Market dynamics and outlook to 2030 are also featured in the dashboards.

Soybean Oil - World's Largest Markets

Rating	Country
1	China
2	United States
3	Brazil
4	India
5	Argentina

In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by Brazil.

From 2018 to 2020, the average annual growth rate of value in China amounted to +9.6%. In the other countries, the average annual rates were as follows: the United States (-0.5% per year) and Brazil (+10.2% per year).

Soybean Oil Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Paraguay	680	596	660	-1.5%
Brazil	725	667	686	-2.7%
Bolivia	823	753	688	-8.6%
Turkey	709	678	706	-0.2%
Argentina	700	648	710	0.7%
Russia	720	662	725	0.3%
Ukraine	713	643	751	2.6%
Netherlands	778	712	757	-1.4%
United States	791	767	774	-1.1%
Spain	764	683	775	0.7%
Germany	772	746	816	2.8%
Average	752	696	748	-0.3%

Average prices varied noticeably amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Germany ($816 per ton) and Spain ($775 per ton), while Paraguay ($660 per ton) and Brazil ($686 per ton) were amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Nepal	864	843	822	-2.5%
South Korea	824	763	801	-1.4%
India	766	705	799	2.1%
Peru	788	716	797	0.6%
Poland	755	687	788	2.2%
Venezuela	737	738	782	3.0%
Colombia	795	873	776	-1.2%
China	797	718	753	-2.8%
Morocco	769	700	752	-1.1%
Algeria	719	640	712	-0.5%
Egypt	793	710	707	-5.6%
Bangladesh	686	647	692	0.4%
Mauritania	328	328	276	-8.3%
Average	790	731	776	-0.9%

Prices varied noticeably by the country of destination; the country with the highest price was Nepal ($822 per ton), while Mauritania ($276 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Venezuela, while the other global leaders experienced more modest paces of growth.

Soybean Oil - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
India	2.3	2.2	3	14.8%
China	0.4	0.6	0.7	28.7%
Algeria	0.5	0.6	0.5	-1.9%
Bangladesh	0.7	0.5	0.5	-16.0%
Peru	0.4	0.4	0.4	2.3%

In value terms, India ($3B) constitutes the largest market for imported soybean oil worldwide, comprising 29% of global imports. The second position in the ranking was occupied by China ($725M), with a 7% share of global imports. It was followed by Algeria, with a 4.6% share.

From 2018 to 2020, the average annual rate of growth in terms of value in India amounted to +14.8%. The remaining importing countries recorded the following average annual rates of imports growth: China (+28.7% per year) and Algeria (-1.9% per year).

Soybean Oil - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
Argentina	2.8	3.3	3.7	15.4%
United States	0.9	0.7	1	5.8%
Brazil	1	0.7	0.8	-13.8%
Netherlands	0.5	0.4	0.5	-0.2%
Russia	0.4	0.4	0.4	4.5%

In value terms, Argentina ($3.7B) remains the largest soybean oil supplier worldwide, comprising 39% of global exports. The second position in the ranking was occupied by the United States ($979M), with a 10% share of global exports. It was followed by Brazil, with a 8% share.

From 2018 to 2020, the average annual rate of growth in terms of value in Argentina amounted to +15.4%. In the other countries, the average annual rates were as follows: the United States (+5.8% per year) and Brazil (-13.8% per year).

Soybean Oil - Market Forecast

Driven by increasing demand for soybean oil worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Soybean Oil - Top Companies

UNI-PRESIDENT ENTERPRISES CORP., Cargill Agrícola S/A, Bunge Alimentos S/A, GOLDEN AGRI-RESOURCES LTD, KANEKA CORPORATION, KUALA LUMPUR KEPONG BERHAD, ADM do Brasil Ltda, Louis Dreyfus Company Brasil S/A., Bunge Deutschland GmbH, GRAINCORP OILS HOLDINGS PTY LTD, GRAINCORP FOODS AUSTRALIA PTY LTD, ADANI WILMAR LIMITED, SAIPOL, Cargill NV, NISSHIN OILLIO GROUP, LTD., THE, RUCHI SOYA INDUSTRIES LIMITED, SINAR MAS AGRO RESOURCES AND TECHNOLOGY, PT TBK, Ventura Foods, LLC, CARGILL FRANCE, VICENTIN S.A.I.C.

Soybean Oil - Product Coverage

HS 150710 - Vegetable oils; soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified
HS 150790 - Vegetable oils; soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global soybean oil market. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023