Report Update Nov 1, 2024

Iran - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends and Insights

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Iran: Crude Soybean Oil Market 2024

Crude Soybean Oil Market Size in Iran

In 2022, after two years of growth, there was significant decline in the Iranian crude soybean oil market, when its value decreased by -6% to $X. Overall, consumption, however, showed a relatively flat trend pattern. Crude soybean oil consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Crude Soybean Oil Production in Iran

In value terms, crude soybean oil production rose notably to $X in 2022 estimated in export price. Overall, production showed a significant increase. The pace of growth was the most pronounced in 2015 when the production volume increased by 791%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Crude Soybean Oil Exports

Exports from Iran

Crude soybean oil exports from Iran fell modestly to X tons in 2019, which is down by -4.2% compared with the previous year's figure. In general, exports showed a abrupt contraction. The exports peaked at X tons in 2015; however, from 2016 to 2019, the exports failed to regain momentum.

In value terms, crude soybean oil exports reached $X in 2019. Over the period under review, exports recorded a deep setback. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2019, the exports remained at a lower figure.

Exports by Country

Armenia (X tons) was the main destination for crude soybean oil exports from Iran, with a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Armenia was relatively modest.

In value terms, Armenia ($X) emerged as the key foreign market for crude soybean oil exports from Iran.

From 2012 to 2019, the average annual growth rate of value to Armenia was relatively modest.

Export Prices by Country

In 2019, the average crude soybean oil export price amounted to $X per ton, surging by 5% against the previous year. Over the period under review, the export price recorded a mild increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Armenia.

From 2012 to 2019, the rate of growth in terms of prices for Iraq amounted to -6.3% per year.

Crude Soybean Oil Imports

Imports into Iran

Crude soybean oil imports into Iran fell remarkably to X tons in 2022, declining by -36.8% compared with 2021 figures. In general, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 205% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, crude soybean oil imports reduced notably to $X in 2022. Overall, imports faced a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 359%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X tons), Russia (X tons) and Switzerland (X tons) were the main suppliers of crude soybean oil imports to Iran, with a combined 70% share of total imports. Argentina, Turkey, Paraguay and Spain lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +50.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Brazil ($X) constituted the largest supplier of crude soybean oil to Iran, comprising 45% of total imports. The second position in the ranking was held by Switzerland ($X), with a 15% share of total imports. It was followed by Russia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil stood at -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-15.4% per year) and Russia (+7.6% per year).

Import Prices by Country

The average crude soybean oil import price stood at $X per ton in 2022, dropping by -3.7% against the previous year. In general, the import price recorded a slight setback. The pace of growth was the most pronounced in 2021 an increase of 51%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude soybean oil in the world?

The countries with the highest volumes of crude soybean oil consumption in 2020 were China, Brazil and the United States, together comprising 63% of global consumption. India, Argentina, Mexico and Bangladesh lagged somewhat behind, together accounting for a further 16%.

What are the largest producers of crude soybean oil in the world?

The countries with the highest volumes of crude soybean oil production in 2020 were China, Brazil and the United States, together accounting for 64% of global production. Argentina, India and Mexico lagged somewhat behind, together comprising a further 17%.

What are the leading suppliers of crude soybean oil to Iran?

In value terms, the Netherlands, Argentina and Switzerland constituted the largest crude soybean oil suppliers to Iran, with a combined 80% share of total imports. These countries were followed by Turkey, Brazil, Paraguay and Ukraine, which together accounted for a further 20%.

What is the average export price for crude soybean oil in Iran?

In 2019, the average crude soybean oil export price amounted to $1,501 per ton, growing by 14% against the previous year.

What is the average import price for crude soybean oil in Iran?

The average crude soybean oil import price stood at $670 per ton in 2020, waning by -1.6% against the previous year.

This report provides an in-depth analysis of the crude soybean oil market in Iran. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 237 - Oil of Soybeans

Country coverage:

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023