Report Update Nov 1, 2024

Argentina - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends and Insights

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Argentina: Crude Soybean Oil Market 2024

Crude Soybean Oil Market Size in Argentina

In 2022, the Argentinian crude soybean oil market increased by 12% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, saw a mild downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Crude Soybean Oil Production in Argentina

In value terms, crude soybean oil production contracted to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced curtailment. The growth pace was the most rapid in 2016 with an increase of 15%. Crude soybean oil production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Crude Soybean Oil Exports

Exports from Argentina

In 2022, shipments abroad of crude soybean oil decreased by -10.2% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 40%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude soybean oil exports rose notably to $X in 2022. Overall, total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +114.3% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) was the main destination for crude soybean oil exports from Argentina, with a 52% share of total exports. Moreover, crude soybean oil exports to India exceeded the volume sent to the second major destination, Bangladesh (X tons), sixfold. Peru (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+3.2% per year) and Peru (-1.7% per year).

In value terms, India ($X) remains the key foreign market for crude soybean oil exports from Argentina, comprising 53% of total exports. The second position in the ranking was taken by Bangladesh ($X), with an 8.7% share of total exports. It was followed by Peru, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value to India stood at +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+5.7% per year) and Peru (+0.2% per year).

Export Prices by Country

The average crude soybean oil export price stood at $X per ton in 2022, increasing by 26% against the previous year. Over the period under review, the export price posted perceptible growth. The pace of growth appeared the most rapid in 2021 an increase of 64%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Algeria ($X per ton) and Pakistan ($X per ton), while the average price for exports to China ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Soybean Oil Imports

Imports into Argentina

In 2022, approx. X tons of crude soybean oil were imported into Argentina; approximately equating the year before. Overall, imports showed a significant increase. The growth pace was the most rapid in 2013 when imports increased by 673%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, crude soybean oil imports totaled $X in 2022. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2013 with an increase of 591% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Paraguay (X tons) was the main supplier of crude soybean oil to Argentina, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Paraguay stood at +24.0%.

In value terms, Paraguay ($X) constituted the largest supplier of crude soybean oil to Argentina.

From 2012 to 2022, the average annual growth rate of value from Paraguay stood at +28.4%.

Import Prices by Country

The average crude soybean oil import price stood at $X per ton in 2022, approximately equating the previous year. In general, the import price recorded a measured expansion. The growth pace was the most rapid in 2015 when the average import price decreased by -9.1% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Paraguay.

From 2012 to 2022, the rate of growth in terms of prices for Paraguay amounted to +3.5% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude soybean oil in the world?

The countries with the highest volumes of crude soybean oil consumption in 2020 were China, Brazil and the United States, together comprising 63% of global consumption. India, Argentina, Mexico and Bangladesh lagged somewhat behind, together comprising a further 16%.

What are the largest producers of crude soybean oil in the world?

The countries with the highest volumes of crude soybean oil production in 2020 were China, Brazil and the United States, with a combined 64% share of global production. Argentina, India and Mexico lagged somewhat behind, together comprising a further 17%.

What are the leading suppliers of crude soybean oil to Argentina?

In value terms, Paraguay constituted the largest supplier of crude soybean oil to Argentina.

What are the leading importers of crude soybean oil from Argentina?

In value terms, India remains the key foreign market for crude soybean oil exports from Argentina, comprising 56% of total exports. The second position in the ranking was occupied by China, with an 8.2% share of total exports. It was followed by Bangladesh, with an 8.1% share.

What is the average export price for crude soybean oil in Argentina?

In 2020, the average crude soybean oil export price amounted to $705 per ton, with an increase of 9.1% against the previous year.

What is the average import price for crude soybean oil in Argentina?

The average crude soybean oil import price stood at $627 per ton in 2020, with an increase of 4% against the previous year.

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

Argentina

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Argentina
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. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
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
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023