Report Update Nov 1, 2024

Puerto Rico - Refined Soybean Oil and Its Fractions - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Refined Soybean Oil Market 2024

Refined Soybean Oil Exports

Exports by Country

In 2021, the Netherlands (X tons), followed by Brazil (X tons), Argentina (X tons), Canada (X tons), the United States (X tons), Thailand (X tons), Malaysia (X tons) and Egypt (X tons) represented the key exporters of refined soybean oil and its fractions, together making up 62% of total exports. Bolivia (X tons), Colombia (X tons), Germany (X tons), Indonesia (X tons) and China (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Thailand (with a CAGR of +31.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest refined soybean oil supplying countries from Puerto Rico were the Netherlands ($X), Brazil ($X) and Argentina ($X), with a combined 32% share of total exports. These countries were followed by Canada, the United States, Malaysia, Thailand, Egypt, Bolivia, Colombia, Germany, Indonesia and China, which together accounted for a further 44%.

Indonesia, with a CAGR of +31.6%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Refined Soybean Oil Imports

Imports by Country

In 2021, India (X tons), distantly followed by Chile (X tons), Venezuela (X tons), the United States (X tons) and Mauritania (X tons) represented the largest importers of refined soybean oil and its fractions, together mixing up 39% of total imports. The UK (X tons), Angola (X tons), South Africa (X tons), Peru (X tons), Belgium (X tons), Hong Kong SAR (X tons), the Philippines (X tons) and Ireland (X tons) held a minor share of total imports.

India was also the fastest-growing in terms of the refined soybean oil and its fractions imports, with a CAGR of +192.7% from 2012 to 2021. At the same time, Peru (+28.5%), Chile (+27.6%), Venezuela (+15.8%), the Philippines (+14.5%), Ireland (+13.2%), the United States (+10.2%), Angola (+5.4%), Mauritania (+2.5%), Hong Kong SAR (+1.9%) and Belgium (+1.2%) displayed positive paces of growth. The UK experienced a relatively flat trend pattern. By contrast, South Africa (-7.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India, Chile, Venezuela, Peru and the United States increased by +16, +5.5, +3.4, +2.9 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported refined soybean oil and its fractions into Puerto Rico, comprising 20% of global imports. The second position in the ranking was taken by Chile ($X), with a 6.5% share of global imports. It was followed by Venezuela, with a 6.4% share.

In India, refined soybean oil imports expanded at an average annual rate of +167.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+26.0% per year) and Venezuela (+13.8% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined soybean oil and its fractions in the world?

The countries with the highest volumes of refined soybean oil consumption in 2020 were China, the United States and India, together accounting for 30% of global consumption. Mauritania, Japan, Russia, Indonesia, Italy, Brazil, the UK, Pakistan, Bangladesh and Germany lagged somewhat behind, together accounting for a further 27%.

What are the largest producers of refined soybean oil and its fractions in the world?

The countries with the highest volumes of refined soybean oil production in 2020 were China, the United States and India, together accounting for 31% of global production. These countries were followed by Brazil, Japan, Russia, the Netherlands, Indonesia, Pakistan, Germany, Bangladesh, the UK and Italy, which together accounted for a further 27%.

What are the leading suppliers of refined soybean oil and its fractions to Puerto Rico?

In value terms, the largest refined soybean oil importing markets into Puerto Rico were India, Mauritania and Venezuela, together comprising 25% of total imports.

What are the leading importers of refined soybean oil and its fractions from Puerto Rico?

In value terms, the largest refined soybean oil supplying countries from Puerto Rico were the Netherlands, the United States and Brazil, with a combined 32% share of total exports. Argentina, Malaysia, Canada, China, Thailand, Colombia, Belgium, Egypt, Bolivia and Portugal lagged somewhat behind, together accounting for a further 44%.

What is the average export price for refined soybean oil and its fractions in Puerto Rico?

The refined soybean oil export price in Puerto Rico stood at $less than 0.1 per ton in 2020, remaining stable against the previous year.

What is the average import price for refined soybean oil and its fractions in Puerto Rico?

In 2020, the refined soybean oil import price in Puerto Rico amounted to $less than 0.1 per ton, approximately equating the previous year.

This report provides an in-depth analysis of the refined 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:

Prodcom 10415100 - Refined soya-bean oil and its fractions (excluding chemically modified)

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