Report Update Jan 1, 2025

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

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Puerto Rico: Soybean Oil Market 2025

Soybean Oil Exports

Exports by Country

Argentina represented the largest exporter of soybean oil in the world, with the volume of exports finishing at X tons, which was approx. 37% of total exports in 2021. Brazil (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by the United States (5.7%) and the Netherlands (4.7%). Paraguay (X tons), Bolivia (X tons), Spain (X tons), Russia (X tons), Turkey (X tons), Ukraine (X tons), Germany (X tons) and Italy (X tons) took a relatively small share of total exports.

Exports from Argentina increased at an average annual rate of +2.4% from 2012 to 2021. At the same time, Turkey (+63.5%), Paraguay (+18.4%), Italy (+17.2%), Ukraine (+17.1%), Russia (+16.5%), Bolivia (+7.9%) and the Netherlands (+4.2%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +63.5% from 2012-2021. Brazil experienced a relatively flat trend pattern. By contrast, Spain (-2.2%), the United States (-3.0%) and Germany (-7.9%) illustrated a downward trend over the same period. Paraguay (+3.2 p.p.), Russia (+2.5 p.p.) and Turkey (+2.2 p.p.) significantly strengthened its position in terms of the global exports, while Spain, Germany, the United States and Brazil saw its share reduced by -2.2%, -2.7%, -3.9% and -4.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest soybean oil supplier from Puerto Rico, comprising 36% of global exports. The second position in the ranking was taken by Brazil ($X), with a 13% share of global exports. It was followed by the United States, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value in Argentina amounted to +2.5%. In the other countries, the average annual rates were as follows: Brazil (-0.3% per year) and the United States (-2.9% per year).

Soybean Oil Imports

Imports by Country

India was the largest importer of soybean oil in the world, with the volume of imports recording X tons, which was near 27% of total imports in 2021. China (X tons) took the second position in the ranking, followed by Bangladesh (X tons), Algeria (X tons), Peru (X tons) and Morocco (X tons). All these countries together held near 29% share of total imports. South Korea (X tons), Colombia (X tons), Nigeria (X tons), Poland (X tons), the UK (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 +13.9% from 2012 to 2021. At the same time, Nigeria (+102.8%), Poland (+14.0%), Peru (+6.2%), Algeria (+4.6%), Morocco (+4.5%), South Korea (+3.2%), Colombia (+2.8%) and the UK (+2.6%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of +102.8% from 2012-2021. Bangladesh experienced a relatively flat trend pattern. By contrast, China (-5.4%), Venezuela (-8.2%) and Iran (-11.8%) illustrated a downward trend over the same period. India (+16 p.p.) and Nigeria (+2 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%, -2.5%, -3.9% and -9.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported soybean oil into Puerto Rico, comprising 30% of global imports. The second position in the ranking was held by China ($X), with a 6.7% share of global imports. It was followed by Bangladesh, with a 5.8% share.

In India, soybean oil imports expanded at an average annual rate of +14.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (-8.2% per year) and Bangladesh (-0.4% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for soybean oil in the world?

The countries with the highest volumes of in 2021 were China, the United States and Brazil, with a combined 59% share of global consumption. India, Argentina, Nigeria and Bangladesh lagged somewhat behind, together comprising a further 19%.

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

The countries with the highest volumes of in 2021 were China, Brazil and the United States, with a combined 64% share of global production.

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

In value terms, India constitutes the largest market for imported soybean oil into Puerto Rico, comprising 35% of global imports. The second position in the ranking was occupied by China, with a 7.7% share of global imports. It was followed by Algeria, with a 3.8% share.

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

In value terms, Argentina remains the largest soybean oil supplier from Puerto Rico, comprising 37% of global exports. The second position in the ranking was occupied by Brazil, with a 14% share of global exports. It was followed by the United States, with a 6.2% share.

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

In 2021, the export price in Puerto Rico amounted to less than $0.1 per ton, therefore, remained relatively stable against the previous year.

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

The import price in Puerto Rico stood at less than $0.1 per ton in 2021, approximately reflecting the previous year.

This report provides an in-depth analysis of the 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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024