China - Soybean Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSoybean Oil Prices in China
China Soybean Oil Import Price in September 2022
In September 2022, the soybean oil price stood at $1,437 per ton (CIF, China), dropping by -8.7% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 an increase of 21% against the previous month. Over the period under review, average import prices hit record highs at $1,573 per ton in August 2022, and then dropped in the following month.
As there is only one major supplying country, the average price level is determined by prices for Russia.
From January 2022 to September 2022, the rate of growth in terms of prices for Argentina amounted to +1.7% per month.
China Soybean Oil Import Prices by Type
Average prices varied noticeably amongst the major supplied products. In September 2022, the product with the highest price was refined soybean oil and its fractions ($1,451 per ton), while the price for crude soybean oil amounted to $1,433 per ton.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by crude soybean oil (+0.1%).
China Soybean Oil Imports
In September 2022, supplies from abroad of soybean oil decreased by -86.1% to 4.4K tons, falling for the second consecutive month after three months of growth. Overall, imports saw a dramatic downturn. The pace of growth was the most pronounced in June 2022 with an increase of 279% m-o-m. Imports peaked at 55K tons in July 2022; however, from August 2022 to September 2022, imports remained at a lower figure.
In value terms, soybean oil imports contracted significantly to $6.3M (IndexBox estimates) in September 2022. In general, imports showed a precipitous shrinkage. The most prominent rate of growth was recorded in June 2022 when imports increased by 250% against the previous month. Imports peaked at 84K tons in July 2022; however, from August 2022 to September 2022, imports failed to regain momentum.
China Soybean Oil Imports by Type
In September 2022, crude soybean oil (3.5K tons) constituted the largest type of soybean oil supplied to China, with a 79% share of total imports. Moreover, crude soybean oil exceeded the figures recorded for the second-largest type, refined soybean oil and its fractions (937 tons), fourfold.
From January 2022 to September 2022, the average monthly rate of growth in terms of the volume of import of crude soybean oil totaled -26.8%.
In value terms, crude soybean oil ($5M) constituted the largest type of soybean oil supplied to China, comprising 78% of total imports. The second position in the ranking was held by refined soybean oil and its fractions ($1.4M), with a 22% share of total imports.
China Soybean Oil Imports by Country
In September 2022, Russia (4.4K tons) was the main soybean oil supplier to China, accounting for a approximately 99.9% share of total imports.
From January 2022 to September 2022, the average monthly rate of growth in terms of volume from Russia stood at +20.3%.
In value terms, Russia ($6.3M) constituted the largest supplier of soybean oil to China.
From January 2022 to September 2022, the average monthly rate of growth in terms of value from Russia stood at +21.1%.
This report provides an in-depth analysis of the soybean oil market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- 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 Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- 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 Of Destination, 2012–2024
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This report provides an in-depth analysis of the soybean oil market in China.
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This report provides an in-depth analysis of the soybean oil market in China.
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This report provides an in-depth analysis of the crude soybean oil market in China.
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This report provides an in-depth analysis of the refined soybean oil market in China.
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This report provides an in-depth analysis of the global soybean oil market.
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Global Soybean Oil Market Report 2019. This report provides an in-depth analysis of the global soybean oil market.
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This report provides an in-depth analysis of the global crude soybean oil market.
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This report provides an in-depth analysis of the global refined soybean oil market.
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This report provides an in-depth analysis of the soybean oil market in China.
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This report provides an in-depth analysis of the soybean oil market in China.
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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.
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In February 2023 the price for crude soybean oil was $1,309 per ton (CIF, China), a decrease of -1.6% compared to the prior month.
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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.
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In 2022, soybean oil prices are forecast to rise by nearly 4% to $1,425 per ton, driven by boosting demand for biofuels. In 2021, the average annual soybean oil price skyrocketed, rising 65% y-o-y to $1,385 per ton. India remains the world’s largest soybean oil importer, while Argentina holds the position of the leading global supplier.
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The soybean oil market indicates steady growth, despite the COVID-19 pandemic cut demand for biofuel. The competitive price of soybean oil, against the price for sunflower and palm oil, combined with the potential growth in demand for biofuels and increasingly robust environmental standards, signal tangible prospects for the further development of the soybean oil market.
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Global soybean oil consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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Global soybean oil exports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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Global soybean oil imports amounted to X thousand tons in 2015, jumping by +X% against the previous year level.
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In 2015, the countries with the highest levels of production were China (X thousand tons), the United States (X thousand tons), Brazil (X thousand tons), together accounting for X% of total output.
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Argentina leads the way in the global soya-bean oil trade. In 2014, Argentina exported X thousand tons of soya-bean oil totaling X million USD, X% under the previous year. Its primary trading partner was India, where it supplied X% of its t
