Report Update Jan 1, 2025

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

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Ireland: Soybean Oil Market 2025

Soybean Oil Market Size in Ireland

The Irish soybean oil market soared to $X in 2022, increasing by 3,370% against the previous year. In general, consumption posted strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Soybean Oil Production in Ireland

In value terms, soybean oil production declined markedly to $X in 2022 estimated in export price. Overall, production, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 589%. Soybean oil production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Soybean Oil Exports

Exports from Ireland

Soybean oil exports from Ireland stood at X tons in 2022, leveling off at 2021. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 182%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, soybean oil exports amounted to $X in 2022. Overall, exports posted strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 171% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

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

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +72.4%).

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

In terms of the main countries of destination, the UK, with a CAGR of +79.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average soybean oil export price amounted to $X per ton, flattening at the previous year. In general, the export price showed resilient growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 115% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major external 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 (+4.0%).

Soybean Oil Imports

Imports into Ireland

In 2022, overseas purchases of soybean oil decreased by 0% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw buoyant growth. The pace of growth was the most pronounced in 2019 when imports increased by 20% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, soybean oil imports amounted to $X in 2022. In general, imports showed a resilient expansion. The growth pace was the most rapid in 2020 when imports increased by 15%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of soybean oil to Ireland, accounting for a 62% share of total imports. Moreover, soybean oil imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+24.4% per year) and Germany (-3.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of soybean oil to Ireland, comprising 65% of total imports. The second position in the ranking was held by the UK ($X), with a 15% share of total imports. It was followed by Germany, with an 8% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+19.0% per year) and Germany (-2.9% per year).

Import Prices by Country

The average soybean oil import price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 8.3%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the UK ($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 (+0.9%), 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 soybean oil in the world?

The countries with the highest volumes of in 2021 were China, the United States and Brazil, with a combined 59% share of global consumption. India, Argentina, Nigeria and Bangladesh lagged somewhat behind, together comprising a further 19%.

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

The countries with the highest volumes of in 2021 were China, Brazil and the United States, together comprising 64% of global production.

What are the leading suppliers of soybean oil to Ireland?

In value terms, the Netherlands constituted the largest supplier of soybean oil to Ireland, comprising 70% of total imports. The second position in the ranking was occupied by the UK, with a 17% share of total imports. It was followed by Germany, with a 6% share.

What are the leading importers of soybean oil from Ireland?

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

What is the average export price for soybean oil in Ireland?

The average soybean oil export price stood at $1,048 per ton in 2021, picking up by 12% against the previous year.

What is the average import price for soybean oil in Ireland?

The average soybean oil import price stood at $1,020 per ton in 2021, picking up by 27% against the previous year.

This report provides an in-depth analysis of the 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:

FCL 237 - Oil of Soybeans

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024