South Africa: Soybean Oil Market 2020

Soybean Oil Market Size in South Africa

The revenue of the soybean oil market in South Africa amounted to $X in 2017, coming up by X% against the previous year. Overall, soybean oil consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010, when it surged by X% y-o-y. Over the period under review, the soybean oil market reached its maximum level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Soybean Oil Production in South Africa

Soybean oil production in South Africa amounted to X tons in 2017, going down by -X% against the previous year. Overall, soybean oil production continues to indicate a remarkable growth. The growth pace was the most rapid in 2012, when the output figure increased by X% year-to-year. 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 South Africa

In 2017, approx. X tons of soya-bean oil were exported from South Africa; dropping by -X% against the previous year. Overall, soybean oil exports continue to indicate a conspicuous growth. The pace of growth appeared the most rapid in 2011, with an increase of X% y-o-y. South Africa exports peaked of X tons in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, soybean oil exports amounted to $X in 2017. Overall, soybean oil exports continue to indicate a mild increase. South Africa exports peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Soybean Oil Exports by Country from South Africa

Argentina represented the major exporter of soya-bean oil in the world, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2017. Brazil (X tons) ranks second in terms of the global exports with a X% share, followed by the U.S. (X%), Russia (X%) and the Netherlands (X%). 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. Argentina (X%) and Brazil (X%) significantly strengthened its position in terms of the global exports, while Canada, the U.S. and Russia saw its share reduced by -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest soybean oil supplier from South Africa, making up X% of global exports. The second position in the ranking was occupied by Brazil ($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 amounted to -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-X% per year) and the U.S. (+X% per year).

Soybean Oil Export Prices by Country in South Africa

In 2017, the soybean oil export price in South Africa amounted to $X per ton, surging by X% against the previous year. In general, soybean oil export price continues to indicate a moderate descent. The most prominent rate of growth was recorded in 2011, an increase of X% against the previous year. Over the period under review, the export prices for soya-bean oil attained its peak figure level of $X per ton in 2012; however, from 2013 to 2017, it 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 South Africa

Soybean oil imports into South Africa amounted to X tons in 2017, coming down by -X% against the previous year. Overall, soybean oil imports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2010, when imports increased by X% y-o-y. Over the period under review, the soybean oil imports reached its maximum volume of X tons in 2011; however, from 2012 to 2017, it failed to regain its momentum.

In value terms, soybean oil imports totaled $X in 2017. In general, soybean oil imports continue to indicate a perceptible slump. Over the period under review, the soybean oil imports reached its peak figure level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Soybean Oil Imports by Country into South Africa

In 2017, India (X tons), distantly followed by Iran (X tons), Bangladesh (X tons), Algeria (X tons) and China (X tons) were the main importers of soya-bean oil, together creating X% of total imports. Venezuela (X tons), Morocco (X tons), Peru (X tons), South Korea (X tons), Colombia (X tons) and Mexico (X tons) followed a long way behind the leaders.

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, India ($X), Iran ($X) and Bangladesh ($X) were the countries with the highest levels of imports in 2017, with a combined X% share of total imports.

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

Soybean Oil Import Prices by Country in South Africa

The soybean oil import price in South Africa stood at $X per ton in 2017, picking up by X% against the previous year. Overall, soybean oil import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, an increase of X% year-to-year. Over the period under review, the import prices for soya-bean oil reached its peak figure level 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