Report Update Nov 1, 2024

Russian Federation - Soybean Oilcake - Market Analysis, Forecast, Size, Trends and Insights

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Russian Federation: Soybean Oilcake Market 2024

Soybean Oilcake Market Size in the Russian Federation

The Russian soybean oilcake market rose markedly to $X in 2021, with an increase of 9.5% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Soybean oilcake consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Soybean Oilcake Production in the Russian Federation

In value terms, soybean oilcake production expanded rapidly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 10%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Soybean Oilcake Exports

Exports from the Russian Federation

In 2021, shipments abroad of soybean oilcake increased by 39% to X tons, rising for the fourth consecutive year after three years of decline. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 465%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, soybean oilcake exports surged to $X in 2021. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 508%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Norway (X tons), Denmark (X tons) and the Netherlands (X tons) were the main destinations of soybean oilcake exports from Russia, with a combined 47% share of total exports. Turkey, Germany, Poland, Finland, Sweden, Belarus and Lithuania lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +534.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) emerged as the key foreign market for soybean oilcake exports from Russia, comprising 27% of total exports. The second position in the ranking was taken by Denmark ($X), with a 12% share of total exports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Norway stood at +70.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+35.9% per year) and the Netherlands (+40.4% per year).

Export Prices by Country

The average soybean oilcake export price stood at $X per ton in 2021, surging by 49% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Soybean Oilcake Imports

Imports into the Russian Federation

In 2021, purchases abroad of soybean oilcake increased by 93% to X tons, rising for the fourth year in a row after four years of decline. Over the period under review, imports recorded moderate growth. The growth pace was the most rapid in 2018 with an increase of 154%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, soybean oilcake imports skyrocketed to $X in 2021. Overall, imports showed a temperate increase. The pace of growth was the most pronounced in 2018 with an increase of 170%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Argentina (X tons), Belarus (X tons) and Brazil (X tons) were the main suppliers of soybean oilcake imports to Russia, with a combined 99% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of +30.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest soybean oilcake suppliers to Russia were Argentina ($X), Belarus ($X) and Brazil ($X), together comprising 99% of total imports.

Belarus, with a CAGR of +29.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average soybean oilcake import price amounted to $X per ton, rising by 17% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belarus ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of soybean oilcake consumption was China, comprising approx. 17% of total volume. Moreover, soybean oilcake consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 6.8% share.

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

The countries with the highest volumes of in 2021 were China, the United States and Argentina, with a combined 39% share of global production. These countries were followed by Brazil, India, Japan, Russia, Germany, Bangladesh, Nigeria and Pakistan, which together accounted for a further 33%.

What are the leading suppliers of soybean oilcake to the Russian Federation?

In value terms, Argentina, Belarus and Brazil constituted the largest soybean oilcake suppliers to Russia, with a combined 99% share of total imports.

What are the leading importers of soybean oilcake from the Russian Federation?

In value terms, Norway emerged as the key foreign market for soybean oilcake exports from Russia, comprising 27% of total exports. The second position in the ranking was occupied by Denmark, with a 12% share of total exports. It was followed by the Netherlands, with an 11% share.

What is the average export price for soybean oilcake in the Russian Federation?

The average soybean oilcake export price stood at $670 per ton in 2021, surging by 49% against the previous year.

What is the average import price for soybean oilcake in the Russian Federation?

In 2021, the average soybean oilcake import price amounted to $568 per ton, growing by 17% against the previous year.

This report provides an in-depth analysis of the soybean oilcake market in the Russian Federation. 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 10414130 - Oilcake and other solid residues resulting from the extraction of soya-bean oil

Country coverage:

Russia

Data coverage:

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