Report Update Nov 1, 2024

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

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New Zealand: Crude Soybean Oil Market 2024

Crude Soybean Oil Market Size in New Zealand

The New Zealand crude soybean oil market was finally on the rise to reach $X in 2022, after four years of decline. Overall, consumption, however, recorded a abrupt slump. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Crude Soybean Oil Exports

Exports from New Zealand

In 2022, approx. X tons of crude soybean oil were exported from New Zealand; rising by 223% on 2021 figures. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 7,713% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, crude soybean oil exports surged to $X in 2022. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2018 with an increase of 4,693% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Cook Islands (X tons) was the main destination for crude soybean oil exports from New Zealand, with a 92% share of total exports. Moreover, crude soybean oil exports to Cook Islands exceeded the volume sent to the second major destination, Papua New Guinea (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Cook Islands amounted to +11.3%.

In value terms, Cook Islands ($X) remains the key foreign market for crude soybean oil exports from New Zealand, comprising 83% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Cook Islands totaled +2.5%.

Export Prices by Country

The average crude soybean oil export price stood at $X per ton in 2022, jumping by 16% against the previous year. Overall, the export price, however, recorded a mild downturn. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to Cook Islands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cook Islands (-7.9%).

Crude Soybean Oil Imports

Imports into New Zealand

In 2022, purchases abroad of crude soybean oil increased by 106% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2015 when imports increased by 172%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, crude soybean oil imports skyrocketed to $X in 2022. In general, imports, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2015 with an increase of 148% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest crude soybean oil supplier to New Zealand, accounting for a 56% share of total imports. Moreover, crude soybean oil imports from Spain exceeded the figures recorded by the second-largest supplier, Australia (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+129.2% per year) and China (+19.8% per year).

In value terms, Spain ($X) constituted the largest supplier of crude soybean oil to New Zealand, comprising 57% of total imports. The second position in the ranking was held by Australia ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +58.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+128.4% per year) and China (+40.7% per year).

Import Prices by Country

The average crude soybean oil import price stood at $X per ton in 2022, shrinking by -24.2% against the previous year. In general, the import price, however, posted modest growth. The most prominent rate of growth was recorded in 2021 an increase of 179% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank sharply in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+41.7%), 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, with a combined 63% share of global consumption. These countries were followed by India, Argentina, Mexico and Bangladesh, which together accounted 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. Argentina, India and Mexico lagged somewhat behind, together comprising a further 17%.

What are the leading suppliers of crude soybean oil to New Zealand?

In value terms, the largest crude soybean oil suppliers to New Zealand were the Netherlands, Spain and Brazil, together accounting for 88% of total imports.

What are the leading importers of crude soybean oil from New Zealand?

In value terms, Australia remains the key foreign market for crude soybean oil exports from New Zealand, comprising 81% of total exports. The second position in the ranking was occupied by Cook Islands, with a 19% share of total exports.

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

The average crude soybean oil export price stood at $738 per ton in 2020, therefore, remained relatively stable against the previous year.

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

In 2020, the average crude soybean oil import price amounted to $879 per ton, reducing by -9.4% against the previous year.

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

New Zealand

Data coverage:

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