U.S. - Soybean Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSoybean Oil Prices in the United States
U.S. Soybean Oil Export Price per Ton in July 2022
In July 2022, the soybean oil price per ton stood at $1.7K (FOB, US), declining by -6.9% against the previous month. Over the period from January 2022 to July 2022, 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% month-to-month. Over the period under review, the average export prices attained the maximum at $1.8K per ton in June 2022, and then declined in the following month.
There were significant differences in the average prices for the major overseas markets. In July 2022, the country with the highest price was India ($3.2K per ton), while the average price for exports to Venezuela ($1.2K 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 Colombia (+14.8%), 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 ($2.2K per ton), while the average price for exports of crude soybean oil amounted to $1.6K 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. Overall, exports, however, faced a drastic downturn.
In value terms, soybean oil exports skyrocketed to $90M (IndexBox estimates) in July 2022. In general, exports, however, showed a abrupt shrinkage.
U.S. Soybean Oil Exports by Type
Crude soybean oil (45K tons) was the largest type of soybean oil exported from the United States, accounting for 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 totaled -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 rate of growth in terms of the export volume of crude soybean oil stood at -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, the largest markets for soybean oil exported from the United States were South Korea ($22M), Guatemala ($20M) and Venezuela ($14M), with a combined 63% share of total exports.
Venezuela, with a CAGR of +21.9%, saw the highest growth rate of 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 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 2012–2024
- 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 the U.S..
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This report provides an in-depth analysis of the soybean oil market in the USA.
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This report provides an in-depth analysis of the crude soybean oil market in the U.S..
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This report provides an in-depth analysis of the refined soybean oil market in the U.S..
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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 the U.S..
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This report provides an in-depth analysis of the soybean oil market in the USA.
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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.
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In August 2022, the soybean oil price per ton stood at $1.8K (FOB, US), rising by 6.6% against the previous month.
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In July 2022, the soybean oil price per ton stood at $1,686, declining by -6.9% against the previous month.
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Between May 2023 and August 2023, the exports of Crude Soybean Oil experienced a slowdown in growth. The value of these exports significantly declined to $7.5M in August 2023.
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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.
