Argentina: Soybean Oil Market 2020

Soybean Oil Market Size in Argentina

The revenue of the soybean oil market in Argentina amounted to $X in 2017, growing by X% against the previous year. Overall, soybean oil consumption continues to indicate a strong expansion. The pace of growth was the most pronounced in 2008, when it surged by X% year-to-year. Over the period under review, the soybean oil market attained its maximum level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Soybean Oil Production in Argentina

Soybean oil production in Argentina totaled X tons in 2017, approximately equating the previous year. Overall, soybean oil production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, when the output figure increased by X% y-o-y. Over the period under review, the soybean oil production attained its peak figure volume in 2017, and is expected to retain its growth in the immediate term.

Soybean Oil Exports from Argentina

In 2017, soybean oil exports from Argentina totaled X tons, waning by -X% against the previous year. In general, soybean oil exports continue to indicate a moderate slump. The most prominent rate of growth was recorded in 2015, when exports increased by X% against the previous year. Over the period under review, the soybean oil exports reached its maximum volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, soybean oil exports stood at $X in 2017. In general, soybean oil exports continue to indicate a mild shrinkage. Over the period under review, the soybean oil exports reached its maximum level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Soybean Oil Exports by Country from Argentina

Argentina represented the major exporting country with an export of about X tons, which reached X% of total exports. Brazil (X tons) occupied a X% share (based on tons) of total exports, which put it in second place, followed by the U.S. (X%), Russia (X%) and the Netherlands (X%). Spain (X tons), Bolivia (X tons), Germany (X tons), Canada (X tons) and Ukraine (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to soybean oil exports from Argentina stood at -X%. At the same time, Ukraine (+X%), Canada (+X%), Russia (+X%), Spain (+X%), Bolivia (+X%), Germany (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. The Netherlands experienced a relatively flat trend pattern. By contrast, Brazil (-X%) illustrated a downward trend over the same period. Argentina (X%) and Brazil (X%) significantly strengthened its position in terms of the global exports, while Canada, the U.S. and Russia saw its share reduced by -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest soybean oil supplier from Argentina, making up X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

In Argentina, soybean oil exports contracted by an average annual rate of -X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-X% per year) and the U.S. (+X% per year).

Soybean Oil Export Prices by Country in Argentina

The soybean oil export price in Argentina stood at $X per ton in 2017, jumping by X% against the previous year. In general, soybean oil export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, an increase of X% year-to-year. Over the period under review, the export prices for soya-bean oil reached its maximum level of $X per ton in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Germany ($X per ton) and Spain ($X per ton), while Bolivia ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Brazil (+X% per year), while the other leaders experienced more modest paces of growth.

Soybean Oil Imports into Argentina

In 2017, approx. X tons of soya-bean oil were imported into Argentina; lowering by -X% against the previous year. In general, soybean oil imports continue to indicate a sharp deduction. The pace of growth was the most pronounced in 2008, when imports increased by X% year-to-year. Argentina imports peaked of X tons in 2013; however, from 2014 to 2017, it failed to regain its momentum.

In value terms, soybean oil imports stood at $X in 2017. Overall, soybean oil imports continue to indicate a precipitous reduction. Over the period under review, the soybean oil imports attained its maximum level of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Soybean Oil Imports by Country into Argentina

In 2017, India (X tons), distantly followed by Iran (X tons), Bangladesh (X tons), Algeria (X tons) and China (X tons) represented the main importers of soya-bean oil, together committing X% of total imports. The following importers - Venezuela (X tons), Morocco (X tons), Peru (X tons), South Korea (X tons), Colombia (X tons) and Mexico (X tons) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Iran (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Iran ($X) and Bangladesh ($X) were the countries with the highest levels of imports in 2017, with a combined X% share of total imports.

Iran (+X% per year) recorded the highest rates of growth with regard to imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Soybean Oil Import Prices by Country in Argentina

The soybean oil import price in Argentina stood at $X per ton in 2017, increasing by X% against the previous year. In general, the import price indicated a remarkable growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the soybean oil import price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2017, when the import prices increased by X% year-to-year. In that year, the import prices for soya-bean oil attained their peak level, and is likely to continue its growth in the immediate term.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Venezuela ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Venezuela (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform