Report Update Nov 1, 2024

Ireland - Refined Soybean Oil and Its Fractions - Market Analysis, Forecast, Size, Trends and Insights

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Ireland: Refined Soybean Oil Market 2024

Refined Soybean Oil Market Size in Ireland

In 2022, the Irish refined soybean oil market increased by 24% to $X, rising for the second consecutive year after three years of decline. In general, consumption enjoyed a remarkable increase. Refined soybean oil consumption peaked in 2022 and is expected to retain growth in the immediate term.

Refined Soybean Oil Exports

Exports from Ireland

In 2022, the amount of refined soybean oil and its fractions exported from Ireland amounted to X tons, approximately equating 2021 figures. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 1,018%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, refined soybean oil exports totaled $X in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2014 when exports increased by 532% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Belgium (X tons) and the UK (X tons) were the main destinations of refined soybean oil exports from Ireland.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +98.5%).

In value terms, the largest markets for refined soybean oil exported from Ireland were Belgium ($X) and the UK ($X).

Among the main countries of destination, the UK, with a CAGR of +92.6%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average refined soybean oil export price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2016 an increase of 18% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the UK amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-3.0%).

Refined Soybean Oil Imports

Imports into Ireland

In 2022, the amount of refined soybean oil and its fractions imported into Ireland totaled X tons, leveling off at 2021. In general, imports showed a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 79%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, refined soybean oil imports amounted to $X in 2022. Over the period under review, imports posted buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 37% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest refined soybean oil supplier to Ireland, accounting for a 78% share of total imports. Moreover, refined soybean oil imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Spain (X tons), tenfold. The third position in this ranking was held by Belgium (X tons), with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+79.8% per year) and Belgium (+4.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of refined soybean oil and its fractions to Ireland, comprising 73% of total imports. The second position in the ranking was taken by Spain ($X), with a 10% share of total imports. It was followed by Belgium, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+80.0% per year) and Belgium (+5.0% per year).

Import Prices by Country

The average refined soybean oil import price stood at $X per ton in 2022, remaining constant against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 9.7% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady 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 Spain ($X per ton) and Belgium ($X per ton), while the price for the Netherlands ($X per ton) and the UK ($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 (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined soybean oil and its fractions in the world?

The countries with the highest volumes of refined soybean oil consumption in 2020 were China, the United States and India, with a combined 30% share of global consumption. Mauritania, Japan, Russia, Indonesia, Italy, Brazil, the UK, Pakistan, Bangladesh and Germany lagged somewhat behind, together comprising a further 27%.

What are the largest producers of refined soybean oil and its fractions in the world?

The countries with the highest volumes of refined soybean oil production in 2020 were China, the United States and India, with a combined 31% share of global production. Brazil, Japan, Russia, the Netherlands, Indonesia, Pakistan, Germany, Bangladesh, the UK and Italy lagged somewhat behind, together comprising a further 27%.

What are the leading suppliers of refined soybean oil and its fractions to Ireland?

In value terms, the Netherlands constituted the largest supplier of refined soybean oil to Ireland, comprising 67% of total imports. The second position in the ranking was occupied by Belgium, with a 15% share of total imports. It was followed by the UK, with a 13% share.

What are the leading importers of refined soybean oil and its fractions from Ireland?

In value terms, the UK remains the key foreign market for refined soybean oil exports from Ireland.

What is the average export price for refined soybean oil and its fractions in Ireland?

In 2020, the average refined soybean oil export price amounted to $958 per ton, with an increase of 7.3% against the previous year.

What is the average import price for refined soybean oil and its fractions in Ireland?

The average refined soybean oil import price stood at $932 per ton in 2020, picking up by 9.6% against the previous year.

This report provides an in-depth analysis of the refined soybean oil market in Ireland. 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:

Prodcom 10415100 - Refined soya-bean oil and its fractions (excluding chemically modified)

Country coverage:

Ireland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ireland
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