U.S.: Market for Soybean And Other Oilseed Processing 2025

Market Size for Soybean And Other Oilseed Processing in the U.S.

The U.S. market for soybean and other oilseed processing contracted slightly to $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of X% over the period from 2013 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Soybean and other oilseed processing consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Soybean And Other Oilseed Processing in the U.S.

In value terms, soybean and other oilseed processing production dropped modestly to $X in 2022. The total output value increased at an average annual rate of X% over the period from 2013 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Soybean And Other Oilseed Processing

Exports from the U.S.

In 2022, overseas shipments of soybean and other oilseed processing decreased by X% to X tons, falling for the second consecutive year after three years of growth. The total export volume increased at an average annual rate of X% over the period from 2013 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 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, soybean and other oilseed processing exports expanded to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2013 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

The Philippines (X tons), Mexico (X tons) and Canada (X tons) were the main destinations of soybean and other oilseed processing exports from the United States, with a combined X% share of total exports. Colombia, Ecuador, Guatemala, the Dominican Republic, Venezuela, Morocco, Honduras, Vietnam, Japan and El Salvador lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Mexico ($X) and the Philippines ($X) appeared to be the largest markets for soybean and other oilseed processing exported from the United States worldwide, with a combined X% share of total exports. Colombia, Guatemala, Venezuela, Ecuador, the Dominican Republic, Japan, Honduras, Morocco, Vietnam and El Salvador lagged somewhat behind, together comprising a further X%.

Colombia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for soybean and other oilseed processing amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Ecuador ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Soybean And Other Oilseed Processing

Imports into the U.S.

In 2022, purchases abroad of soybean and other oilseed processing decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of X% from 2013 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then fell modestly in the following year.

In value terms, soybean and other oilseed processing imports surged to $X in 2022. Overall, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Canada (X tons) constituted the largest soybean and other oilseed processing supplier to the United States, with a X% share of total imports. Moreover, soybean and other oilseed processing imports from Canada exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. The third position in this ranking was held by the Philippines (X tons), with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and the Philippines (X% per year).

In value terms, Canada ($X), Indonesia ($X) and Spain ($X) were the largest soybean and other oilseed processing suppliers to the United States, together accounting for X% of total imports.

Indonesia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for soybean and other oilseed processing stood at $X per ton in 2022, rising by X% against the previous year. Overall, import price indicated strong growth from 2013 to 2022: its price increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, soybean and other oilseed processing import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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