Austria: Soybean Oil Market 2020

Soybean Oil Market Size in Austria

The revenue of the soybean oil market in Austria amounted to $X in 2017, waning by -X% against the previous year. In general, soybean oil consumption continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2011, when it surged by X% y-o-y. Over the period under review, the soybean oil market reached its maximum level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Soybean Oil Production in Austria

Soybean oil production in Austria totaled X tons in 2017, falling by -X% against the previous year. In general, soybean oil production continues to indicate a moderate deduction. The most prominent rate of growth was recorded in 2008, with an increase of X% year-to-year. In that year, the soybean oil production reached their peak volume of X tons. From 2009 to 2017, growth of the soybean oil production stood at a somewhat lower level.

Soybean Oil Exports from Austria

In 2017, approx. X tons of soya-bean oil were exported from Austria; coming up by X% against the previous year. Overall, soybean oil exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2015, when exports increased by X% year-to-year. Over the period under review, the soybean oil exports attained its maximum volume in 2017, and are likely to continue its growth in the immediate term.

In value terms, soybean oil exports totaled $X in 2017. In general, soybean oil exports continue to indicate a prominent growth. Over the period under review, the soybean oil exports reached its maximum level in 2017, and are expected to retain its growth in the immediate term.

Soybean Oil Exports by Country from Austria

In 2017, Argentina (X tons) represented the main exporter for soya-bean oil, creating 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. From 2007 to 2017, the share of Argentina and Brazil increased by X% and X% percentage points, while Canada (-X%), the U.S. (-X%) and Russia (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Argentina, soybean oil exports decreased by an average annual rate of -X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Brazil (-X% per year) and the U.S. (+X% per year).

Soybean Oil Export Prices by Country in Austria

The soybean oil export price in Austria stood at $X per ton in 2017, picking up by X% against the previous year. In general, soybean oil export price continues to indicate a slight slump. The pace of growth appeared the most rapid in 2008, when it surged by X% against the previous year. Over the period under review, the export prices for soya-bean oil attained its peak figure level of $X per ton in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

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 ($X per ton) and Argentina ($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 Argentina (+X% per year), while the other leaders experienced more modest paces of growth.

Soybean Oil Imports into Austria

In 2017, the amount of soya-bean oil imported into Austria amounted to X tons, falling by -X% against the previous year. Overall, soybean oil imports continue to indicate a deep drop. The growth pace was the most rapid in 2011, when imports increased by X% year-to-year. Over the period under review, the soybean oil imports reached its peak figure volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, soybean oil imports totaled $X in 2017. In general, soybean oil imports continue to indicate an abrupt downturn. Over the period under review, the soybean oil imports reached its maximum level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Soybean Oil Imports by Country into Austria

In 2017, India (X tons), distantly followed by Iran (X tons), Bangladesh (X tons), Algeria (X tons) and China (X tons) represented the largest importers of soya-bean oil, together constituting X% of total imports. Venezuela (X tons), Morocco (X tons), Peru (X tons), South Korea (X tons), Colombia (X tons) and Mexico (X tons) occupied the slight share 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.

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

Soybean Oil Import Prices by Country in Austria

In 2017, the soybean oil import price in Austria amounted to $X per ton, surging by X% against the previous year. Overall, soybean oil import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, when it surged by X% y-o-y. In that year, the import prices for soya-bean oil attained their peak level of $X per ton. From 2009 to 2017, growth of the import prices for soya-bean oil stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; 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