Report Update Nov 1, 2024

Australia - Soybean Oilcake - Market Analysis, Forecast, Size, Trends and Insights

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Australia: Soybean Oilcake Market 2024

Soybean Oilcake Market Size in Australia

The Australian soybean oilcake market fell to $X in 2021, reducing by -10.5% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Soybean oilcake consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Soybean Oilcake Production in Australia

In value terms, soybean oilcake production declined to $X in 2021 estimated in export price. In general, production continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 142% against the previous year. Soybean oilcake production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Soybean Oilcake Exports

Exports from Australia

In 2021, shipments abroad of soybean oilcake increased by 2,769% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports saw a prominent expansion. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, soybean oilcake exports fell sharply to $X in 2021. Overall, exports posted buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 873%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for soybean oilcake exports from Australia, accounting for a 89% share of total exports. It was followed by Papua New Guinea (X tons), with a 2.8% share of total exports. The third position in this ranking was held by China (X kg), with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-3.3% per year) and China (0.0% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for soybean oilcake exports from Australia, comprising 41% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 19% share of total exports. It was followed by China, with an 18% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-5.5% per year) and China (0.0% per year).

Export Prices by Country

The average soybean oilcake export price stood at $X per ton in 2021, declining by -98.4% against the previous year. In general, the export price continues to indicate a pronounced slump. The growth pace was the most rapid in 2020 when the average export price increased by 2,459%. As a result, the export price attained the peak level of $X per ton, and then reduced dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (-2.3%).

Soybean Oilcake Imports

Imports into Australia

In 2021, supplies from abroad of soybean oilcake decreased by -30.1% to X tons for the first time since 2014, thus ending a six-year rising trend. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 20%. Imports peaked at X tons in 2020, and then declined rapidly in the following year.

In value terms, soybean oilcake imports fell to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 29% against the previous year. Imports peaked at $X in 2020, and then fell in the following year.

Imports by Country

In 2021, Argentina (X tons) was the main supplier of soybean oilcake to Australia, with a approx. 98% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Argentina was relatively modest.

In value terms, Argentina ($X) constituted the largest supplier of soybean oilcake to Australia.

From 2012 to 2021, the average annual growth rate of value from Argentina was relatively modest.

Import Prices by Country

In 2021, the average soybean oilcake import price amounted to $X per ton, with an increase of 28% against the previous year. Overall, the import price showed a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Argentina amounted to +0.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for soybean oilcake in the world?

The country with the largest volume of soybean oilcake consumption was China, accounting for 17% of total volume. Moreover, soybean oilcake consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 6.8% share.

What are the largest producers of soybean oilcake in the world?

The countries with the highest volumes of in 2021 were China, the United States and Argentina, with a combined 39% share of global production. These countries were followed by Brazil, India, Japan, Russia, Germany, Bangladesh, Nigeria and Pakistan, which together accounted for a further 33%.

What are the leading suppliers of soybean oilcake to Australia?

In value terms, Argentina constituted the largest supplier of soybean oilcake to Australia.

What are the leading importers of soybean oilcake from Australia?

In value terms, Fiji emerged as the key foreign market for soybean oilcake exports from Australia, comprising 88% of total exports. The second position in the ranking was occupied by New Zealand, with a 12% share of total exports.

What is the average export price for soybean oilcake in Australia?

In 2021, the average soybean oilcake export price amounted to $629 per ton, growing by 48% against the previous year.

What is the average import price for soybean oilcake in Australia?

The average soybean oilcake import price stood at $499 per ton in 2021, with an increase of 27% against the previous year.

This report provides an in-depth analysis of the soybean oilcake market in Australia. 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:

Prodcom 10414130 - Oilcake and other solid residues resulting from the extraction of soya-bean oil

Country coverage:

Australia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Australia
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