Report Update Nov 1, 2024

Luxembourg - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends and Insights

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Luxembourg: Crude Soybean Oil Market 2024

Crude Soybean Oil Market Size in Luxembourg

In 2022, the Luxembourg crude soybean oil market decreased by -10.9% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption continues to indicate a abrupt downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Crude Soybean Oil Exports

Exports from Luxembourg

In 2022, overseas shipments of crude soybean oil increased by 17% to X kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a sharp downturn. The growth pace was the most rapid in 2019 with an increase of 123% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, crude soybean oil exports declined to $X in 2022. Over the period under review, exports, however, continue to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by 121%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

France (X kg) was the main destination for crude soybean oil exports from Luxembourg, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to France stood at -46.7%.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at -50.0%.

Export Prices by Country

In 2022, the average crude soybean oil export price amounted to $X per ton, declining by -20.3% against the previous year. Overall, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2020 when the average export price increased by 127%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to -6.2% per year.

Crude Soybean Oil Imports

Imports into Luxembourg

Crude soybean oil imports into Luxembourg reduced to X tons in 2022, waning by -14.4% on the previous year. Over the period under review, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2016 with an increase of 31% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, crude soybean oil imports shrank to $X in 2022. In general, imports faced a drastic downturn. The growth pace was the most rapid in 2016 when imports increased by 34% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Germany (X kg) were the main suppliers of crude soybean oil imports to Luxembourg, with a combined 99% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +1.1%), while purchases for the other leaders experienced a decline.

In value terms, Belgium ($X) constituted the largest supplier of crude soybean oil to Luxembourg, comprising 69% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 31% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium amounted to -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.2% per year) and Germany (-34.8% per year).

Import Prices by Country

The average crude soybean oil import price stood at $X per ton in 2022, surging by 6% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude soybean oil import price increased by +97.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 62% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.1%), 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 crude soybean oil in the world?

The countries with the highest volumes of crude soybean oil consumption in 2020 were China, Brazil and the United States, together accounting for 63% of global consumption. India, Argentina, Mexico and Bangladesh lagged somewhat behind, together accounting for a further 16%.

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

The countries with the highest volumes of crude soybean oil production in 2020 were China, Brazil and the United States, with a combined 64% share of global production. These countries were followed by Argentina, India and Mexico, which together accounted for a further 17%.

What are the leading suppliers of crude soybean oil to Luxembourg?

In value terms, Belgium constituted the largest supplier of crude soybean oil to Luxembourg, comprising 51% of total imports. The second position in the ranking was occupied by the Netherlands, with a 21% share of total imports. It was followed by Germany, with a 17% share.

What are the leading importers of crude soybean oil from Luxembourg?

In value terms, Belgium remains the key foreign market for crude soybean oil exports from Luxembourg, comprising 90% of total exports. The second position in the ranking was occupied by France $446), with a 10% share of total exports.

What is the average export price for crude soybean oil in Luxembourg?

The average crude soybean oil export price stood at $781 per ton in 2020, shrinking by -4.8% against the previous year.

What is the average import price for crude soybean oil in Luxembourg?

The average crude soybean oil import price stood at $1,687 per ton in 2020, jumping by 73% against the previous year.

This report provides an in-depth analysis of the crude soybean oil market in Luxembourg. 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:

Luxembourg

Data coverage:

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