Germany: Crude Soybean Oil Market 2025

Crude Soybean Oil Market Size in Germany

The German crude soybean oil market rose sharply to $X in 2022, growing by 14% against the previous year. In general, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +93.2% against 2015 indices. Crude soybean oil consumption peaked in 2022 and is expected to retain growth in the immediate term.

Crude Soybean Oil Production in Germany

In value terms, crude soybean oil production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume increased by 19%. Crude soybean oil production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Crude Soybean Oil Exports

Exports from Germany

Crude soybean oil exports from Germany contracted significantly to X tons in 2022, reducing by -39% against the previous year's figure. Over the period under review, exports recorded a deep slump. The growth pace was the most rapid in 2020 with an increase of 23% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, crude soybean oil exports declined rapidly to $X in 2022. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 38% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons), the Netherlands (X tons) and Saudi Arabia (X tons) were the main destinations of crude soybean oil exports from Germany, together comprising 58% of total exports. South Africa, Poland, Denmark, the UK, Morocco, the Czech Republic, Austria, France, Italy and Switzerland lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +114.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X) emerged as the key foreign market for crude soybean oil exports from Germany, comprising 29% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 14% share of total exports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to India amounted to +22.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+33.7% per year) and the Netherlands (+2.8% per year).

Export Prices by Country

The average crude soybean oil export price stood at $X per ton in 2022, rising by 33% against the previous year. Over the period under review, the export price posted moderate growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 52% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Morocco ($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 India (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Soybean Oil Imports

Imports into Germany

In 2022, approx. X tons of crude soybean oil were imported into Germany; picking up by 15% against the previous year. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +121.9% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 101% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, crude soybean oil imports soared to $X in 2022. Over the period under review, imports posted a strong expansion. The growth pace was the most rapid in 2013 with an increase of 79% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest crude soybean oil supplier to Germany, with a 70% share of total imports. Moreover, crude soybean oil imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+42.8% per year) and Serbia (+6.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of crude soybean oil to Germany, comprising 71% of total imports. The second position in the ranking was held by Poland ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+44.1% per year) and Serbia (+8.6% per year).

Import Prices by Country

In 2022, the average crude soybean oil import price amounted to $X per ton, jumping by 24% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude soybean oil import price increased by +98.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 49% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Serbia ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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