U.S.: Soybean Oilcake Market 2025

Soybean Oilcake Market Size in the U.S.

The U.S. soybean oilcake market fell modestly to $X in 2021, almost unchanged from the previous year. Over the period under review, consumption showed a pronounced setback. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Soybean Oilcake Production in the U.S.

In value terms, soybean oilcake production shrank slightly to $X in 2021. Over the period under review, production saw a pronounced decrease. The pace of growth appeared the most rapid in 2018 when the production volume increased by 24% against the previous year. Soybean oilcake production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Soybean Oilcake Exports

Exports from the U.S.

Soybean oilcake exports from the United States contracted to X tons in 2021, waning by -2.5% against the previous year. The total export volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by 19% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, soybean oilcake exports soared to $X in 2021. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 28% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Mexico (X tons), Canada (X tons) and Colombia (X tons) were the main destinations of soybean oilcake exports from the United States, together comprising 42% of total exports. Ecuador, the Philippines, the Dominican Republic, Guatemala, Venezuela, Morocco, Honduras, El Salvador, Panama and Sri Lanka lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sri Lanka (with a CAGR of +41.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for soybean oilcake exported from the United States were Mexico ($X), Colombia ($X) and Canada ($X), together accounting for 42% of total exports. These countries were followed by Ecuador, the Philippines, the Dominican Republic, Guatemala, Morocco, Honduras, Venezuela, El Salvador, Panama and Sri Lanka, which together accounted for a further 38%.

In terms of the main countries of destination, Sri Lanka, with a CAGR of +40.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average soybean oilcake export price amounted to $X per ton, picking up by 25% against the previous year. Over the period under review, the export price, however, recorded a slight reduction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Sri Lanka ($X per ton) and Mexico ($X per ton), while the average price for exports to Venezuela ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+0.1%), while the prices for the other major destinations experienced a decline.

Soybean Oilcake Imports

Imports into the U.S.

After three years of growth, supplies from abroad of soybean oilcake decreased by -1.5% to X tons in 2021. Overall, imports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 90%. Imports peaked at X tons in 2020, and then shrank in the following year.

In value terms, soybean oilcake imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 87%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Imports by Country

India (X tons), Canada (X tons) and Russia (X tons) were the main suppliers of soybean oilcake imports to the United States, together accounting for 86% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +124.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest soybean oilcake suppliers to the United States were India ($X), Canada ($X) and Russia ($X), with a combined 82% share of total imports.

In terms of the main suppliers, India, with a CAGR of +115.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average soybean oilcake import price stood at $X per ton in 2021, growing by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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