Italy: Soybean Oil Market 2020

Soybean Oil Market Size in Italy

The revenue of the soybean oil market in Italy amounted to $X in 2017, coming down by -X% against the previous year. Overall, soybean oil consumption continues to indicate a deep reduction. The pace of growth was the most pronounced in 2008, with an increase of X% against the previous year. In that year, the soybean oil market reached their peak level of $X. From 2009 to 2017, growth of the soybean oil market stood at a somewhat lower level.

Soybean Oil Production in Italy

In 2017, production of soya-bean oil in Italy amounted to X tons, going down by -X% against the previous year. Overall, soybean oil production continues to indicate a moderate deduction. The growth pace was the most rapid in 2012, with an increase of X% year-to-year. Over the period under review, the soybean oil production attained its peak figure volume of X tons in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Soybean Oil Exports from Italy

In 2017, the amount of soya-bean oil exported from Italy totaled X tons, coming up by X% against the previous year. In general, soybean oil exports continue to indicate a remarkable growth. The pace of growth was the most pronounced in 2012, when it surged by X% y-o-y. Italy exports peaked in 2017, and are likely to see steady growth in the near future.

In value terms, soybean oil exports totaled $X in 2017. In general, soybean oil exports continue to indicate a strong expansion. Over the period under review, the soybean oil exports reached its maximum level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Soybean Oil Exports by Country from Italy

Argentina represented the key exporter of soya-bean oil in the world, with the volume of exports accounting for X tons, which was near X% of total exports in 2017. Brazil (X tons) occupied the second position in the ranking, followed by the U.S. (X tons), Russia (X tons) and the Netherlands (X tons). All these countries together held near X% share of total exports. Spain (X tons), Bolivia (X tons), Germany (X tons), Canada (X tons) and Ukraine (X tons) held the slight share of total exports.

Exports from Argentina decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Ukraine (+X%), Canada (+X%), Russia (+X%), Spain (+X%), Bolivia (+X%), Germany (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. The Netherlands experienced a relatively flat trend pattern. By contrast, Brazil (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Argentina and Brazil increased by X% and X% percentage points, while Canada (-X%), the U.S. (-X%) and Russia (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest soybean oil supplier from Italy, making up X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Argentina stood at -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-X% per year) and the U.S. (+X% per year).

Soybean Oil Export Prices by Country in Italy

The soybean oil export price in Italy stood at $X per ton in 2017, rising by X% against the previous year. In general, soybean oil export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, when it surged by X% y-o-y. Over the period under review, the export prices for soya-bean oil attained its maximum level of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Germany ($X per ton) and Spain ($X per ton), while Bolivia ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Argentina (+X% per year), while the other leaders experienced more modest paces of growth.

Soybean Oil Imports into Italy

In 2017, the amount of soya-bean oil imported into Italy amounted to X tons, dropping by -X% against the previous year. In general, soybean oil imports continue to indicate an abrupt reduction. The most prominent rate of growth was recorded in 2013, when it surged by X% against the previous year. Over the period under review, the soybean oil imports attained its maximum volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, soybean oil imports stood at $X in 2017. Overall, soybean oil imports continue to indicate an abrupt shrinkage. Over the period under review, the soybean oil imports attained its maximum level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Soybean Oil Imports by Country into Italy

In 2017, India (X tons), distantly followed by Iran (X tons), Bangladesh (X tons), Algeria (X tons) and China (X tons) were the largest importers of soya-bean oil, together committing X% of total imports. Venezuela (X tons), Morocco (X tons), Peru (X tons), South Korea (X tons), Colombia (X tons) and Mexico (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Iran (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest soybean oil markets worldwide were India ($X), Iran ($X) and Bangladesh ($X), with a combined X% share of total imports.

Iran (+X% per year) experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Soybean Oil Import Prices by Country in Italy

The soybean oil import price in Italy stood at $X per ton in 2017, lowering by -X% against the previous year. Overall, soybean oil import price continues to indicate a drastic contraction. The pace of growth was the most pronounced in 2010, when the import prices increased by X% year-to-year. Over the period under review, the import prices for soya-bean oil reached its peak figure level of $X per ton in 2007; however, from 2008 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Venezuela ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Venezuela (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform