France: Refined Soybean Oil Market 2025

Refined Soybean Oil Market Size in France

The French refined soybean oil market dropped to $X in 2022, which is down by -11.1% against the previous year. Overall, consumption showed a noticeable descent. Refined soybean oil consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Refined Soybean Oil Production in France

In value terms, refined soybean oil production declined significantly to $X in 2022 estimated in export price. Over the period under review, production recorded a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Refined Soybean Oil Exports

Exports from France

In 2022, the amount of refined soybean oil and its fractions exported from France surged to X tons, growing by 26% against 2021 figures. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 409% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, refined soybean oil exports skyrocketed to $X in 2022. In general, exports saw a significant expansion. The growth pace was the most rapid in 2018 with an increase of 289%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Morocco (X tons) was the main destination for refined soybean oil exports from France, accounting for a 75% share of total exports. Moreover, refined soybean oil exports to Morocco exceeded the volume sent to the second major destination, Senegal (X tons), eightfold. The third position in this ranking was held by Spain (X tons), with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume to Morocco stood at +198.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+406.7% per year) and Spain (+53.3% per year).

In value terms, Morocco ($X) remains the key foreign market for refined soybean oil and its fractions exports from France, comprising 72% of total exports. The second position in the ranking was held by Senegal ($X), with a 9.7% share of total exports. It was followed by Spain, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Morocco totaled +163.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+384.3% per year) and Spain (+35.3% per year).

Export Prices by Country

The average refined soybean oil export price stood at $X per ton in 2022, growing by 27% against the previous year. In general, the export price, however, showed a mild decline. The pace of growth was the most pronounced in 2021 when the average export price increased by 37%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.

Refined Soybean Oil Imports

Imports into France

In 2022, the amount of refined soybean oil and its fractions imported into France shrank markedly to X tons, falling by -15.3% on the previous year. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, refined soybean oil imports surged to $X in 2022. Overall, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 93%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), the Netherlands (X tons) and the UK (X tons) were the main suppliers of refined soybean oil imports to France, together comprising 61% of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +114.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Belgium ($X) and the Netherlands ($X) were the largest refined soybean oil suppliers to France, with a combined 59% share of total imports. The UK, Germany and Italy lagged somewhat behind, together accounting for a further 36%.

The UK, with a CAGR of +116.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average refined soybean oil import price amounted to $X per ton, rising by 46% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined soybean oil import price increased by +98.6% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Belgium ($X per ton) and Germany ($X per ton), while the price for the Netherlands ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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