EU: Soybean Oilcake Market 2024

Soybean Oilcake Market Size in the EU

In 2021, the EU soybean oilcake market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Soybean Oilcake Production in the EU

In value terms, soybean oilcake production expanded modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 47% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Soybean Oilcake Exports

Exports in the EU

In 2021, shipments abroad of soybean oilcake decreased by -1.9% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 12%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, soybean oilcake exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) and Germany (X tons) represented roughly 65% of total exports in 2021. Slovenia (X tons) took the next position in the ranking, followed by Belgium (X tons). All these countries together took near 17% share of total exports. Spain (X tons), Italy (X tons) and Romania (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Slovenia (with a CAGR of +20.3%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Slovenia ($X) constituted the countries with the highest levels of exports in 2021, together comprising 73% of total exports.

Among the main exporting countries, Slovenia, with a CAGR of +20.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, picking up by 20% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Italy ($X per ton) and Romania ($X per ton), while Spain ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+1.1%), while the other leaders experienced a decline in the export price figures.

Soybean Oilcake Imports

Imports in the EU

For the third consecutive year, the European Union recorded growth in overseas purchases of soybean oilcake, which increased by 0.2% to X tons in 2021. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 6.3% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, soybean oilcake imports soared to $X in 2021. Overall, imports, however, showed a mild reduction. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, France (X tons), Spain (X tons), Poland (X tons), the Netherlands (X tons), Germany (X tons), Italy (X tons), Denmark (X tons), Belgium (X tons), Slovenia (X tons), Ireland (X tons), Romania (X tons) and Greece (X tons) represented the main importer of soybean oilcake in the European Union, achieving 89% of total import.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +15.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest soybean oilcake importing markets in the European Union were France ($X), Poland ($X) and Spain ($X), with a combined 38% share of total imports. The Netherlands, Germany, Italy, Denmark, Belgium, Slovenia, Ireland, Romania and Greece lagged somewhat behind, together accounting for a further 50%.

Slovenia, with a CAGR of +14.8%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, surging by 25% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Germany ($X per ton) and Greece ($X per ton), while Belgium ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+0.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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