U.S.: Oil Crops Market 2025

Oil Crops Market Size in the U.S.

In 2022, the U.S. oil crops market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Oil Crops Production in the U.S.

In value terms, oil crops production expanded markedly to $X in 2022. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Oil crops production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of oil crops (primary) in the United States fell slightly to X tons per ha, standing approx. at the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha. From 2017 to 2022, the growth of the average oil crops yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The oil crops harvested area in the United States contracted modestly to X ha in 2022, which is down by X% against the previous year. Overall, the harvested area, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to oil crops production attained the peak figure at X ha in 2017; however, from 2018 to 2022, the harvested area remained at a lower figure.

Oil Crops Exports

Exports from the U.S.

In 2022, oil crops exports from the United States was estimated at X tons, increasing by X% against the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, oil crops exports soared to $X in 2022. Over the period under review, total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

China (X tons) was the main destination for oil crops exports from the United States, with a X% share of total exports. Moreover, oil crops exports to China exceeded the volume sent to the second major destination, Mexico (X tons), fivefold. The third position in this ranking was taken by Egypt (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Egypt (X% per year).

In value terms, China ($X) remains the key foreign market for oil crops (primary) exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with an X% share of total exports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2022, the average oil crops export price amounted to $X per ton, rising by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($X per ton) and Egypt ($X per ton), while the average price for exports to China ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Crops Imports

Imports into the U.S.

In 2022, supplies from abroad of oil crops (primary) increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, imports recorded modest growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, oil crops imports surged to $X in 2022. In general, imports posted a noticeable expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Canada (X tons) constituted the largest oil crops supplier to the United States, with a X% share of total imports. Moreover, oil crops imports from Canada exceeded the figures recorded by the second-largest supplier, Argentina (X tons), fivefold. The third position in this ranking was taken by Russia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Canada stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Russia (X% per year).

In value terms, Canada ($X) constituted the largest supplier of oil crops (primary) to the United States, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Bulgaria, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Bulgaria (X% per year).

Import Prices by Country

In 2022, the average oil crops import price amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained 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 China ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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