Spain: Soybean Oil Market 2020

Soybean Oil Market Size in Spain

The revenue of the soybean oil market in Spain amounted to $X in 2017, going up by X% against the previous year. Overall, soybean oil consumption continues to indicate a strong increase. The pace of growth was the most pronounced in 2008, with an increase of X% year-to-year. Spain soybean oil consumption peaked of $X in 2010; however, from 2011 to 2017, it failed to regain its momentum.

Soybean Oil Production in Spain

In 2017, production of soya-bean oil in Spain amounted to X tons, picking up by X% against the previous year. In general, the total output indicated a remarkable expansion from 2007 to 2017: its volume 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 production increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2012, with an increase of X% y-o-y. Spain soybean oil production peaked of X tons in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Soybean Oil Exports from Spain

In 2017, exports of soya-bean oil from Spain amounted to X tons, falling by -X% against the previous year. Overall, soybean oil exports continue to indicate a pronounced increase. The pace of growth was the most pronounced in 2012, with an increase of X% against the previous year. Spain exports peaked of X tons in 2013; however, from 2014 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. Spain exports peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Soybean Oil Exports by Country from Spain

Argentina was the largest exporter of soya-bean oil in the world, with the volume of exports accounting for 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 committing 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.

Exports from Argentina decreased at an average annual rate of -X% from 2007 to 2017. 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. From 2007 to 2017, the share of Argentina and Brazil increased by X% and X% percentage points, while Canada (-X%), the U.S. (-X%) and Russia (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest soybean oil supplier from Spain, making up X% of global exports. The second position in the ranking was occupied by Brazil ($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 growth rate 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 Spain

In 2017, the soybean oil export price in Spain amounted to $X per ton, rising by X% against the previous year. Overall, soybean oil export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when the export prices increased by X% y-o-y. Over the period under review, the export prices for soya-bean oil attained its peak figure level of $X per ton in 2011; however, from 2012 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 ($X per ton) and the Netherlands ($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 Spain

In 2017, soybean oil imports into Spain amounted to X tons, declining by -X% against the previous year. Overall, soybean oil imports continue to indicate a temperate increase. The growth pace was the most rapid in 2008, when imports increased by X% against the previous year. Spain imports peaked of X tons in 2010; however, from 2011 to 2017, it failed to regain its momentum.

In value terms, soybean oil imports amounted to $X in 2017. Overall, soybean oil imports continue to indicate a significant expansion. Over the period under review, the soybean oil imports reached its maximum level of $X in 2010; however, from 2011 to 2017, it stood at a somewhat lower level.

Soybean Oil Imports by Country into Spain

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 mixed up 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, 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.

Iran (+X% per year) recorded the highest rates of growth with regard to 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 Spain

In 2017, the soybean oil import price in Spain amounted to $X per ton, going up by X% against the previous year. Overall, the import price indicated a slight increase 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 appeared the most rapid in 2008, when the import prices increased by X% y-o-y. Over the period under review, the import prices for soya-bean oil reached its maximum level of $X per ton in 2011; however, from 2012 to 2017, it failed to regain its momentum.

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