Northern America: Soybean Oil Market 2020

Soybean Oil Market Size in Northern America

The revenue of the soybean oil market in Northern America amounted to $X in 2017, remaining stable against the previous year. The soybean oil consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, with an increase of X% y-o-y. In that year, the soybean oil market attained their peak level of $X. From 2012 to 2017, growth of the soybean oil market failed to regain its momentum.

Soybean Oil Production in Northern America

The soybean oil production stood at X tons in 2017, stabilizing at the previous year. The soybean oil production continues to indicate a relatively flat trend pattern. 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 attained its peak figure volume in 2017, and is likely to continue its growth in the near future.

Soybean Oil Exports in Northern America

In 2017, soybean oil exports in Northern America amounted to X tons, rising by X% against the previous year. The total exports indicated a conspicuous increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the soybean oil exports increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2008, with an increase of X% year-to-year. Over the period under review, the soybean oil exports reached its maximum volume of X tons in 2010; however, from 2011 to 2017, it failed to regain its momentum.

In value terms, soybean oil exports amounted to $X in 2017. The total exports indicated a conspicuous growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the soybean oil exports increased by +X% against 2014 indices. The level of exports peaked of $X in 2010; however, from 2011 to 2017, it stood at a somewhat lower level.

Soybean Oil Exports by Country in Northern America

In 2017, the U.S. (X tons) was the major exporter for soya-bean oil, mixed up X% of total exports. It was distantly followed by Canada (X tons), creating X% share of total exports.

From 2007 to 2017, average annual rates of growth with regard to soybean oil exports from the U.S. stood at +X%. At the same time, Canada (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest growing exporter in Northern America, with a CAGR of +X% from 2007-2017. Canada (-X%) and the U.S. (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest soybean oil supplier in Northern America, making up X% of global exports. The second position in the ranking was occupied by Canada ($X), with a X% share of global exports.

In the U.S., soybean oil exports increased at an average annual rate of +X% over the period from 2007-2017.

Soybean Oil Export Prices by Country in Northern America

The soybean oil export price in Northern America stood at $X per ton in 2017, remaining constant against the previous year. The soybean oil export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. Over the period under review, the export prices for soya-bean oil reached its peak figure 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 the U.S. ($X per ton) and Canada ($X per ton), while Canada ($X per ton) and the U.S. ($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 the U.S. (+X% per year).

Soybean Oil Imports in Northern America

The imports stood at X tons in 2017, picking up by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The pace of growth appeared the most rapid in 2015, when it surged by X% year-to-year. The volume of imports peaked in 2017, and are likely to see steady growth in the near future.

In value terms, soybean oil imports totaled $X in 2017. The total imports indicated a prominent increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the soybean oil imports increased by +X% against 2014 indices. The level of imports peaked in 2017, and are expected to retain its growth in the near future.

Soybean Oil Imports by Country in Northern America

The U.S. represented the key importing country with an import of about X tons, which finished at X% of total imports. It was distantly followed by Canada (X tons), mixed up X% share of total imports.

The U.S. was also the fastest growing in terms of the soya-bean oil imports, with a CAGR of +X% from 2007 to 2017. Canada (-X%) illustrated a downward trend over the same period. Canada (X%) significantly strengthened its position in terms of the global imports, while the U.S. saw its share reduced by -X% from 2007 to 2017, respectively.

In value terms, the U.S. ($X) constitutes the largest market for imported soya-bean oil in Northern America, making up X% of global imports. The second position in the ranking was occupied by Canada ($X), with a X% share of global imports.

In the U.S., soybean oil imports expanded at an average annual rate of +X% over the period from 2007-2017.

Soybean Oil Import Prices by Country in Northern America

The soybean oil import price in Northern America stood at $X per ton in 2017, increasing by X% against the previous year. The import price indicated a conspicuous growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2008, when it surged by X% year-to-year. Over the period under review, the import prices for soya-bean oil attained its maximum level of $X per ton in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Average import prices varied noticeably amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Canada ($X per ton) and the U.S. ($X per ton), while the U.S. ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Canada (+X% per year).

Source: IndexBox Platform