Report Update Nov 1, 2024

Sudan - Soybean Oil - Market Analysis, Forecast, Size, Trends and Insights

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Sudan: Soybean Oil Market 2024

Soybean Oil Market Size in Sudan

After two years of growth, the Sudanese soybean oil market decreased by -2% to $X in 2022. Over the period under review, consumption continues to indicate a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Soybean Oil Production in Sudan

In value terms, soybean oil production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 15% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Soybean Oil Exports

Exports from Sudan

In 2017, exports of soybean oil from Sudan contracted remarkably to X kg, dropping by -99.9% against the previous year's figure. Overall, exports showed a dramatic slump. The exports peaked at X tons in 2016, and then reduced remarkably in the following year.

In value terms, soybean oil exports declined significantly to $X in 2017. Over the period under review, exports saw a precipitous slump. The exports peaked at $X in 2016, and then fell markedly in the following year.

Exports by Country

Australia (X kg) was the main destination for soybean oil exports from Sudan, accounting for a approx. 100% share of total exports.

From 2016 to 2017, the average annual growth rate of volume to Australia was relatively modest.

In value terms, Australia ($X) emerged as the key foreign market for soybean oil exports from Sudan.

From 2016 to 2017, the average annual growth rate of value to Australia was relatively modest.

Export Prices by Country

The average soybean oil export price stood at $X per ton in 2017, picking up by 34% against the previous year. Over the period from 2016 to 2017, it increased at an average annual rate of +34.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2016 to 2017, the rate of growth in terms of prices for Australia amounted to 0.0% per year.

Soybean Oil Imports

Imports into Sudan

Soybean oil imports into Sudan contracted remarkably to X tons in 2022, falling by -18.6% against the previous year's figure. In general, imports recorded a sharp descent. The growth pace was the most rapid in 2021 with an increase of 59% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, soybean oil imports dropped remarkably to $X in 2022. Overall, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 57% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest soybean oil supplier to Sudan, with a 83% share of total imports. Moreover, soybean oil imports from Malaysia exceeded the figures recorded by the second-largest supplier, Aruba (X tons), sevenfold. The third position in this ranking was taken by Belgium (X tons), with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia stood at -22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Aruba (-0.1% per year) and Belgium (-5.4% per year).

In value terms, Malaysia ($X) constituted the largest supplier of soybean oil to Sudan, comprising 83% of total imports. The second position in the ranking was held by Aruba ($X), with a 14% share of total imports. It was followed by Belgium, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia totaled -16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Aruba (-1.5% per year) and Belgium (-9.5% per year).

Import Prices by Country

The average soybean oil import price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, soybean oil import price decreased by -18.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 42% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Aruba ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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, together comprising 59% of global consumption. These countries were followed by India, Argentina, Nigeria and Bangladesh, which together accounted for 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 Sudan?

In value terms, Aruba constituted the largest supplier of soybean oil to Sudan, comprising 87% of total imports. The second position in the ranking was occupied by Malaysia, with a 12% share of total imports.

What is the average export price for soybean oil in Sudan?

The average soybean oil export price stood at $1,719 per ton in 2017, picking up by 46% against the previous year.

What is the average import price for soybean oil in Sudan?

In 2021, the average soybean oil import price amounted to $1,147 per ton, leveling off at the previous year.

This report provides an in-depth analysis of the soybean oil market in Sudan. 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:

Sudan

Data coverage:

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