Brazil: Soybean Oil Market 2020

Soybean Oil Market Size in Brazil

The revenue of the soybean oil market in Brazil amounted to $X in 2017, increasing by X% against the previous year. In general, the total market indicated a prominent increase 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 consumption increased by +X% against 2015 indices. 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 reached its peak figure level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Soybean Oil Production in Brazil

In 2017, production of soya-bean oil in Brazil totaled X tons, going up by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2010, when the output figure increased by X% year-to-year. Brazil soybean oil production peaked in 2017, and is expected to retain its growth in the near future.

Soybean Oil Exports from Brazil

Soybean oil exports from Brazil stood at X tons in 2017, jumping by X% against the previous year. In general, soybean oil exports continue to indicate a drastic curtailment. The most prominent rate of growth was recorded in 2015, with an increase of X% year-to-year. Over the period under review, the soybean oil exports attained its peak figure volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, soybean oil exports stood at $X in 2017. In general, soybean oil exports continue to indicate an abrupt slump. Brazil exports peaked of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Soybean Oil Exports by Country from Brazil

In 2017, Argentina (X tons) represented the main exporter for soya-bean oil, committing X% of total exports. Brazil (X tons) held 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.

Exports from Argentina decreased at an average annual rate of -X% from 2007 to 2017. 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 ($X) remains the largest soybean oil supplier from Brazil, making up X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

In Argentina, soybean oil exports plunged 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 Brazil

The soybean oil export price in Brazil stood at $X per ton in 2017, coming up by X% against the previous year. In general, soybean oil export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. Brazil export price peaked of $X per ton in 2011; however, from 2012 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 Brazil

In 2017, imports of soya-bean oil into Brazil amounted to X tons, falling by -X% against the previous year. In general, soybean oil imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2016, when imports increased by X% y-o-y. In that year, the soybean oil imports reached their peak volume of X tons, and then declined slightly in the following year.

In value terms, soybean oil imports amounted to $X in 2017. In general, soybean oil imports continue to indicate a mild growth. In that year, the soybean oil imports attained their peak level of $X, and then declined slightly in the following year.

Soybean Oil Imports by Country into Brazil

In 2017, India (X tons), distantly followed by Iran (X tons), Bangladesh (X tons), Algeria (X tons) and China (X tons) were the major importers of soya-bean oil, together making up X% of total imports. Venezuela (X tons), Morocco (X tons), Peru (X tons), South Korea (X tons), Colombia (X tons) and Mexico (X tons) took 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, the largest soybean oil markets worldwide were India ($X), Iran ($X) and Bangladesh ($X), with a combined X% share of total imports.

Iran (+X% per year) experienced the highest growth rate of imports, in terms of 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 Brazil

The soybean oil import price in Brazil stood at $X per ton in 2017, growing by X% against the previous year. Overall, soybean oil import price continues to indicate a moderate descent. The most prominent rate of growth was recorded in 2010, when it surged by X% year-to-year. Over the period under review, the import prices for soya-bean oil reached its maximum level of $X per ton in 2008; however, from 2009 to 2017, it 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