Asia: Soybean Oil Market 2020

Soybean Oil Market Size in Asia

The revenue of the soybean oil market in Asia amounted to $X in 2017, growing by X% against the previous year. The soybean oil consumption continues to indicate a remarkable increase. The growth pace was the most rapid in 2008, with an increase of X% year-to-year. The level of soybean oil consumption peaked in 2017, and is likely to continue its growth in the near future.

Soybean Oil Production in Asia

In 2017, the amount of soya-bean oil produced in Asia amounted to X tons, going up by X% against the previous year. The total output indicated a strong growth from 2007 to 2017: its volume 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 production increased by +X% against 2007 indices. The pace of growth appeared the most rapid in 2010, when the output figure increased by X% y-o-y. Over the period under review, the soybean oil production reached its maximum volume in 2017, and is expected to retain its growth in the near future.

Soybean Oil Exports in Asia

The exports totaled X tons in 2017, coming down by -X% against the previous year. The soybean oil exports continue to indicate a moderate contraction. The pace of growth appeared the most rapid in 2014, when exports increased by X% year-to-year. The volume of exports peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, soybean oil exports totaled $X in 2017. The total exports indicated a tangible growth from 2007 to 2017: its value decreased 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 exports decreased by -X% against 2012 indices. The level of exports peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Soybean Oil Exports by Country in Asia

China (X tons) and Malaysia (X tons) represented roughly X% of total exports of soya-bean oil in 2017. Saudi Arabia (X tons) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Turkey (X%), Thailand (X%), Vietnam (X%) and Iran (X%).

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

In value terms, the largest soybean oil markets worldwide were China ($X), Malaysia ($X) and Saudi Arabia ($X), together comprising X% of total exports. These countries were followed by Thailand, Iran, Turkey and Vietnam, which together accounted for a further X%.

Thailand (+X% per year) experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Soybean Oil Export Prices by Country in Asia

In 2017, the soybean oil export price in Asia amounted to $X per ton, approximately mirroring the previous year. The export price indicated a prominent 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 export price decreased by -X% against 2012 indices. The growth pace was the most rapid in 2008, when the export prices increased by X% against the previous year. The level of export price peaked of $X per ton in 2012; however, from 2013 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Iran ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Soybean Oil Imports in Asia

In 2017, imports of soya-bean oil in Asia stood at X tons, stabilizing at the previous year. The total imports indicated a conspicuous growth from 2007 to 2017: its volume 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 imports increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2014, with an increase of X% year-to-year. Over the period under review, the soybean oil imports attained its peak figure volume in 2017, and are likely to see steady growth in the near future.

In value terms, soybean oil imports totaled $X in 2017. The total imports indicated a remarkable expansion from 2007 to 2017: its value 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 imports increased by +X% against 2013 indices. The level of imports peaked in 2017, and are expected to retain its growth in the immediate term.

Soybean Oil Imports by Country in Asia

India was the major importing country with an import of around X tons, which amounted to X% of total imports. Iran (X tons) ranks second in terms of the global imports with a X% share, followed by Bangladesh (X%) and China (X%). The following importers - South Korea (X tons), Nepal (X tons) and Pakistan (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, the largest soybean oil markets worldwide were India ($X), Iran ($X) and Bangladesh ($X), with a combined X% share of total imports.

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

Soybean Oil Import Prices by Country in Asia

In 2017, the soybean oil import price in Asia amounted to $X per ton, surging by X% against the previous year. The import price indicated a moderate increase 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 was the most pronounced in 2008, an increase of X% year-to-year. The level of import price peaked of $X per ton in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Iran ($X per ton), while Bangladesh ($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 India (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform