Australia and Oceania: Soybean Oil Market 2020

Soybean Oil Market Size in Australia and Oceania

The revenue of the soybean oil market in Australia and Oceania amounted to $X in 2017, going up by X% against the previous year. The market value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2008, with an increase of X% against the previous year. The level of soybean oil consumption peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Soybean Oil Production in Australia and Oceania

In 2017, soybean oil production in Australia and Oceania amounted to X tons, going up by X% against the previous year. The soybean oil production continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2009, when it surged by X% y-o-y. In that year, the soybean oil production attained their peak volume of X tons. From 2010 to 2017, growth of the soybean oil production stood at a somewhat lower level.

Soybean Oil Exports in Australia and Oceania

In 2017, the amount of soya-bean oil exported in Australia and Oceania stood at X tons, increasing by X% against the previous year. The total exports indicated a measured expansion 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 exports increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2009, when exports increased by X% against the previous year. In that year, the soybean oil exports reached their peak volume of X tons. From 2010 to 2017, growth of the soybean oil exports failed to regain its momentum.

In value terms, soybean oil exports amounted to $X in 2017. The soybean oil exports continue to indicate a relatively flat trend pattern. Over the period under review, the soybean oil exports reached its peak figure level of $X in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

Soybean Oil Exports by Country in Australia and Oceania

Australia prevails in soybean oil exports structure, recording X tons, which was approx. X% of total exports in 2017. It was distantly followed by Fiji (X tons), creating X% share of total exports.

Australia was also the fastest growing in terms of the soya-bean oil exports, with a CAGR of +X% from 2007 to 2017. Fiji (-X%) illustrated a downward trend over the same period. Fiji (X%) significantly strengthened its position in terms of the global exports, while Australia saw its share reduced by -X% from 2007 to 2017, respectively.

In value terms, Australia ($X) remains the largest soybean oil supplier in Australia and Oceania, making up X% of global exports. The second position in the ranking was occupied by Fiji ($X), with a X% share of global exports.

In Australia, soybean oil exports expanded at an average annual rate of +X% over the period from 2007-2017.

Soybean Oil Export Prices by Country in Australia and Oceania

The soybean oil export price in Australia and Oceania stood at $X per ton in 2017, waning by -X% against the previous year. The soybean oil export price continues to indicate a moderate decrease. The pace of growth was the most pronounced in 2013, when the export prices increased by X% y-o-y. In that year, the export prices for soya-bean oil attained their peak level of $X per ton. From 2014 to 2017, growth of the export prices for soya-bean oil 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 Fiji ($X per ton) and Australia ($X per ton), while Australia ($X per ton) and Fiji ($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 Fiji (+X% per year).

Soybean Oil Imports in Australia and Oceania

In 2017, the amount of soya-bean oil imported in Australia and Oceania stood at X tons, rising by X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2010, with an increase of X% year-to-year. The volume of imports peaked in 2017, and are likely to continue its growth in the immediate term.

In value terms, soybean oil imports amounted to $X in 2017. The total import value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. Over the period under review, the soybean oil imports reached its maximum level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Soybean Oil Imports by Country in Australia and Oceania

Australia represented the major importing country with an import of about X tons, which recorded X% of total imports. Papua New Guinea (X tons) ranks second in terms of the global imports with a X% share, followed by New Zealand (X%) and Fiji (X%).

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

In value terms, Australia ($X) constitutes the largest market for imported soya-bean oil in Australia and Oceania, making up X% of global imports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of global imports. It was followed by Papua New Guinea, with a X% share.

In Australia, soybean oil imports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: New Zealand (-X% per year) and Papua New Guinea (+X% per year).

Soybean Oil Import Prices by Country in Australia and Oceania

The soybean oil import price in Australia and Oceania stood at $X per ton in 2017, increasing by X% against the previous year. The import price indicated a modest 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. The most prominent rate of growth was recorded in 2008, an increase of X% against the previous 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.

Average import prices varied noticeably amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Fiji ($X per ton) and New Zealand ($X per ton), while Papua New Guinea ($X per ton) and Australia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform