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During the period analyzed, imports of Refined Soybean Oil peaked at 163K tons in 2013 but remained at a slightly lower level from 2014 to 2023. In terms of value, the imports of Refined Soybean Oil significantly declined to $23M in 2023.
Refined Soybean Oil imports reached their peak in 2023 and are projected to see further growth in the future. The value of these imports surged to $3M in 2023.
Refined Soybean Oil exports reached a peak of 202K tons in 2022, before experiencing a modest decline the following year. In terms of value, exports of Refined Soybean Oil significantly decreased to $266M in 2023.
The pace of growth in the export of Refined Soybean Oil was the most pronounced in July 2023 with a significant 46% increase compared to the previous month. In terms of value, the exports of Refined Soybean Oil recorded a noteworthy expansion, reaching $13M in September 2023.
The price of Refined Soybean Oil in June 2023 was $1,236 per ton (FOB, Thailand), showing a decrease of 5.5% compared to the previous month.
In February 2023, the refined soybean oil price amounted to $1,733 per ton (FOB, Brazil), picking up by 6.7% against the previous month.
In December of 2022, the price of refined soybean oil went down to $1,729 per ton (FOB, Netherlands), marking a decrease of -4.8% compared to the previous month.