Saudi Arabia: Soybean Oil Market 2020

Soybean Oil Market Size in Saudi Arabia

The revenue of the soybean oil market in Saudi Arabia amounted to $X in 2017, declining by -X% against the previous year. Overall, soybean oil consumption continues to indicate a measured increase. The pace of growth appeared the most rapid in 2010, when it surged by X% against the previous year. Saudi Arabia soybean oil consumption peaked of $X in 2016, and then declined slightly in the following year.

Soybean Oil Production in Saudi Arabia

In 2017, the amount of soya-bean oil produced in Saudi Arabia stood at X tons, dropping by -X% against the previous year. In general, soybean oil production continues to indicate a remarkable growth. The growth pace was the most rapid in 2011, with an increase of X% y-o-y. Over the period under review, the soybean oil production reached its maximum volume of X tons in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Soybean Oil Exports from Saudi Arabia

In 2017, approx. X tons of soya-bean oil were exported from Saudi Arabia; surging by X% against the previous year. Overall, soybean oil exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2011, when it surged by X% against the previous year. Saudi Arabia exports peaked of X tons in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, soybean oil exports totaled $X in 2017. In general, soybean oil exports continue to indicate a strong expansion. In that year, the soybean oil exports reached their peak level of $X. From 2012 to 2017, growth of the soybean oil exports failed to regain its momentum.

Soybean Oil Exports by Country from Saudi Arabia

Argentina was the key exporter of soya-bean oil in the world, with the volume of exports amounting to X tons, which was near X% of total exports in 2017. It was distantly followed by Brazil (X tons), the U.S. (X tons), Russia (X tons) and the Netherlands (X tons), together making up X% share of total exports. Spain (X tons), Bolivia (X tons), Germany (X tons), Canada (X tons) and Ukraine (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to soybean oil exports from Argentina stood at -X%. At the same time, Ukraine (+X%), Canada (+X%), Russia (+X%), Spain (+X%), Bolivia (+X%), Germany (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. The Netherlands experienced a relatively flat trend pattern. By contrast, Brazil (-X%) illustrated a downward trend over the same period. While the share of Argentina (X%) and Brazil (X%) increased significantly in terms of the global exports from 2007-2017, the share of Canada (-X%), the U.S. (-X%) and Russia (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest soybean oil supplier from Saudi Arabia, making up X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Argentina stood at -X%. In the other countries, the average annual rates were as follows: Brazil (-X% per year) and the U.S. (+X% per year).

Soybean Oil Export Prices by Country in Saudi Arabia

In 2017, the soybean oil export price in Saudi Arabia amounted to $X per ton, waning by -X% against the previous year. In general, soybean oil export price continues to indicate a slight reduction. The pace of growth was the most pronounced in 2011, an increase of X% against the previous year. In that year, the export prices for soya-bean oil attained their peak level of $X per ton. From 2012 to 2017, growth of the export prices for soya-bean oil 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 Germany ($X per ton) and Spain ($X per ton), while Bolivia ($X per ton) and Argentina ($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 Argentina (+X% per year), while the other leaders experienced more modest paces of growth.

Soybean Oil Imports into Saudi Arabia

Soybean oil imports into Saudi Arabia totaled X tons in 2017, going up by X% against the previous year. Overall, soybean oil imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013, with an increase of X% y-o-y. In that year, the soybean oil imports attained their peak volume of X tons. From 2014 to 2017, growth of the soybean oil imports stood at a somewhat lower level.

In value terms, soybean oil imports stood at $X in 2017. Overall, soybean oil imports continue to indicate a temperate increase. Saudi Arabia imports peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Soybean Oil Imports by Country into Saudi Arabia

In 2017, India (X tons), distantly followed by Iran (X tons), Bangladesh (X tons), Algeria (X tons) and China (X tons) were the largest importers of soya-bean oil, together committing X% of total imports. The following importers - Venezuela (X tons), Morocco (X tons), Peru (X tons), South Korea (X tons), Colombia (X tons) and Mexico (X tons) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Iran (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest soybean oil markets worldwide were India ($X), Iran ($X) and Bangladesh ($X), with a combined X% share of total imports.

Iran (+X% per year) experienced the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Soybean Oil Import Prices by Country in Saudi Arabia

The soybean oil import price in Saudi Arabia stood at $X per ton in 2017, jumping by X% against the previous year. In general, the import price indicated a perceptible expansion 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. Based on 2017 figures, the soybean oil import price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2008, an increase of X% against the previous year. Saudi Arabia import price peaked of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Venezuela ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Venezuela (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform