Iran: Soybean Oilcake Market 2025

Soybean Oilcake Market Size in Iran

The Iranian soybean oilcake market totaled $X in 2021, picking up by 2.1% against the previous year. Over the period under review, consumption continues to indicate a pronounced decrease. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Soybean Oilcake Production in Iran

In value terms, soybean oilcake production dropped notably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a modest increase. The growth pace was the most rapid in 2015 with an increase of 155% against the previous year. Soybean oilcake production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Soybean Oilcake Exports

Exports from Iran

In 2021, overseas shipments of soybean oilcake decreased by -39% to X tons, falling for the fourth year in a row after four years of growth. Overall, exports showed a deep contraction. The growth pace was the most rapid in 2016 when exports increased by 351% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, soybean oilcake exports contracted to $X in 2021. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 177% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Uzbekistan (X tons) was the main destination for soybean oilcake exports from Iran, with a 91% share of total exports. Moreover, soybean oilcake exports to Uzbekistan exceeded the volume sent to the second major destination, Pakistan (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Uzbekistan totaled -30.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (-37.5% per year) and Georgia (-30.2% per year).

In value terms, Uzbekistan ($X) remains the key foreign market for soybean oilcake exports from Iran, comprising 91% of total exports. The second position in the ranking was held by Georgia ($X), with a 4.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Uzbekistan totaled -28.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (-31.2% per year) and Pakistan (-52.1% per year).

Export Prices by Country

The average soybean oilcake export price stood at $X per ton in 2021, jumping by 50% against the previous year. Over the period under review, the export price, however, saw a slight slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 57% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+3.7%), while the prices for the other major destinations experienced a decline.

Soybean Oilcake Imports

Imports into Iran

Soybean oilcake imports into Iran was estimated at X tons in 2021, picking up by 3.4% on the year before. Overall, imports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 49%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, soybean oilcake imports surged to $X in 2021. In general, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2013 when imports increased by 65% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Brazil (X tons), Argentina (X tons) and Turkey (X tons) were the main suppliers of soybean oilcake imports to Iran, together accounting for 99.9% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +69.1%), while purchases for the other leaders experienced a decline.

In value terms, the largest soybean oilcake suppliers to Iran were Brazil ($X), Argentina ($X) and Turkey ($X), together comprising 99.9% of total imports.

Turkey, with a CAGR of +63.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average soybean oilcake import price amounted to $X per ton, surging by 22% against the previous year. In general, the import price, however, recorded a slight contraction. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from India ($X per ton) and Turkey ($X per ton), while the price for Brazil ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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