Report Update Nov 1, 2024

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

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Puerto Rico: Crude Soybean Oil Market 2024

Crude Soybean Oil Exports

Exports by Country

Argentina represented the main exporting country with an export of around X tons, which recorded 43% of total exports. Brazil (X tons) held a 14% share (based on physical terms) of total exports, which put it in second place, followed by the United States (5.7%) and Paraguay (5.3%). Spain (X tons), Bolivia (X tons), Russia (X tons), the Netherlands (X tons), Turkey (X tons), Ukraine (X tons), Italy (X tons) and Germany (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to crude soybean oil exports from Argentina stood at +2.2%. At the same time, Turkey (+68.3%), Paraguay (+18.4%), Italy (+18.1%), Ukraine (+16.9%), Russia (+16.2%), Bolivia (+6.8%) and the Netherlands (+5.2%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +68.3% from 2012-2021. Brazil and Spain experienced a relatively flat trend pattern. By contrast, the United States (-3.1%) and Germany (-9.5%) illustrated a downward trend over the same period. Paraguay (+3.8 p.p.), Russia (+2.8 p.p.), Turkey (+2.6 p.p.) and Ukraine (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while Spain, Argentina, Germany, the United States and Brazil saw its share reduced by -1.6%, -1.7%, -2.9%, -3.9% and -4.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest crude soybean oil supplier from Puerto Rico, comprising 42% of global exports. The second position in the ranking was taken by Brazil ($X), with a 14% share of global exports. It was followed by the United States, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Argentina totaled +2.4%. In the other countries, the average annual rates were as follows: Brazil (-0.7% per year) and the United States (-3.3% per year).

Crude Soybean Oil Imports

Imports by Country

India was the major importing country with an import of about X tons, which amounted to 30% of total imports. China (X tons) ranks second in terms of the total imports with a 10% share, followed by Bangladesh (7.5%), Algeria (6.4%), Morocco (5.4%) and Peru (4.8%). South Korea (X tons), Colombia (X tons), Nigeria (X tons), Poland (X tons), Spain (X tons), Iran (X tons) and Venezuela (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +12.6% from 2012 to 2021. At the same time, Nigeria (+200.8%), Spain (+32.8%), Poland (+15.0%), Peru (+4.9%), Morocco (+4.3%), Algeria (+4.3%), Colombia (+3.5%) and South Korea (+2.3%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of +200.8% from 2012-2021. Bangladesh experienced a relatively flat trend pattern. By contrast, China (-5.5%), Iran (-11.8%) and Venezuela (-19.9%) illustrated a downward trend over the same period. India (+17 p.p.) and Nigeria (+2.4 p.p.) significantly strengthened its position in terms of the global imports, while Bangladesh, Venezuela, Iran and China saw its share reduced by -1.6%, -3.6%, -4.5% and -11.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported crude soybean oil into Puerto Rico, comprising 33% of global imports. The second position in the ranking was taken by China ($X), with an 8.3% share of global imports. It was followed by Bangladesh, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value in India stood at +12.9%. The remaining importing countries recorded the following average annual rates of imports growth: China (-8.4% per year) and Bangladesh (-0.4% per year).

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. 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 accounting for a further 17%.

What are the leading suppliers of crude soybean oil to Puerto Rico?

In value terms, India constitutes the largest market for imported crude soybean oil into Puerto Rico, comprising 33% of global imports. The second position in the ranking was occupied by China, with an 8.5% share of global imports. It was followed by Algeria, with a 5.6% share.

What are the leading importers of crude soybean oil from Puerto Rico?

In value terms, Argentina remains the largest crude soybean oil supplier from Puerto Rico, comprising 47% of global exports. The second position in the ranking was occupied by the United States, with a 10% share of global exports. It was followed by Brazil, with a 7.6% share.

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

In 2020, the crude soybean oil export price in Puerto Rico amounted to $less than 0.1 per ton, remaining stable against the previous year.

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

The crude soybean oil import price in Puerto Rico stood at $less than 0.1 per ton in 2020, almost unchanged from the previous year.

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

Puerto Rico

Data coverage:

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