Japan: Soybean Oil Market 2020

Soybean Oil Market Size in Japan

The revenue of the soybean oil market in Japan amounted to $X in 2017, growing by X% against the previous year. In general, soybean oil consumption continues to indicate a mild contraction. The pace of growth was the most pronounced in 2008, when it surged by X% year-to-year. In that year, the soybean oil market reached their peak level of $X. From 2009 to 2017, growth of the soybean oil market failed to regain its momentum.

Soybean Oil Production in Japan

In 2017, production of soya-bean oil in Japan amounted to X tons, falling by -X% against the previous year. In general, soybean oil production continues to indicate a deep decline. The most prominent rate of growth was recorded in 2014, when it surged by X% y-o-y. Over the period under review, the soybean oil production reached its peak figure volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Soybean Oil Exports from Japan

In 2017, exports of soya-bean oil from Japan stood at X tons, therefore, remained relatively stable against the previous year. In general, soybean oil exports continue to indicate a strong growth. The growth pace was the most rapid in 2013, with an increase of X% y-o-y. Japan exports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, soybean oil exports totaled $X in 2017. Overall, soybean oil exports continue to indicate a prominent expansion. Japan exports peaked of $X in 2016, and then declined slightly in the following year.

Soybean Oil Exports by Country from Japan

Argentina was the main exporting country with an export of about X tons, which amounted to X% of total exports. Brazil (X tons) ranks second in terms of the global exports with a X% share, followed by the U.S. (X%), Russia (X%) and the Netherlands (X%). Spain (X tons), Bolivia (X tons), Germany (X tons), Canada (X tons) and Ukraine (X tons) followed a long way behind the leaders.

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

In Argentina, soybean oil exports contracted by an average annual rate of -X% over the period from 2007-2017. 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 Japan

In 2017, the soybean oil export price in Japan amounted to $X per ton, waning by -X% against the previous year. In general, soybean oil export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, when it surged by X% against the previous year. Over the period under review, the export prices for soya-bean oil attained its peak figure level of $X per ton in 2012; however, from 2013 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 Japan

In 2017, soybean oil imports into Japan totaled X tons, remaining constant against the previous year. Overall, soybean oil imports continue to indicate a temperate downturn. The most prominent rate of growth was recorded in 2013, when imports increased by X% against the previous year. Japan imports peaked of X tons in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

In value terms, soybean oil imports totaled $X in 2017. In general, soybean oil imports continue to indicate a measured increase. In that year, the soybean oil imports attained their peak level of $X. From 2009 to 2017, growth of the soybean oil imports failed to regain its momentum.

Soybean Oil Imports by Country into Japan

In 2017, India (X tons), distantly followed by Iran (X tons), Bangladesh (X tons), Algeria (X tons) and China (X tons) represented the key importers of soya-bean oil, together making up X% of total imports. Venezuela (X tons), Morocco (X tons), Peru (X tons), South Korea (X tons), Colombia (X tons) and Mexico (X tons) occupied the weak share of total imports.

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, India ($X), Iran ($X) and Bangladesh ($X) were the countries with the highest levels of imports in 2017, together comprising X% of total imports.

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

Soybean Oil Import Prices by Country in Japan

In 2017, the soybean oil import price in Japan amounted to $X per ton, rising by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008, an increase of X% against the previous year. Japan import price peaked of $X per ton in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; 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