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Spain - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Soybean Oil Price in Spain - 2023
Contents:
- Crude Soybean Oil Price in Spain (FOB) - 2023
- Crude Soybean Oil Price in Spain (CIF) - 2023
- Crude Soybean Oil Exports in Spain
- Crude Soybean Oil Imports in Spain
Crude Soybean Oil Price in Spain (FOB) - 2023
In August 2023, the average crude soybean oil export price amounted to $1,090 per ton, remaining constant against the previous month. Over the period under review, the export price, however, showed a noticeable contraction. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 6.9% against the previous month. Over the period under review, the average export prices hit record highs at $1,573 per ton in August 2022; however, from September 2022 to August 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In August 2023, the country with the highest price was Morocco ($1,113 per ton), while the average price for exports to Senegal stood at $951 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (0.0%), while the prices for the other major destinations experienced mixed trend patterns.
Crude Soybean Oil Price in Spain (CIF) - 2023
In August 2023, the average crude soybean oil import price amounted to $1,070 per ton, approximately equating the previous month. Overall, the import price recorded a perceptible slump. The most prominent rate of growth was recorded in November 2022 an increase of 7.9% against the previous month. Over the period under review, average import prices hit record highs at $1,560 per ton in August 2022; however, from September 2022 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($1,195 per ton), while the price for France ($474 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Egypt (0.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Crude Soybean Oil Exports in Spain
In 2022, overseas shipments of crude soybean oil decreased by -24.5% to 350K tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +7.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +22.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 33%. As a result, the exports attained the peak of 464K tons, and then reduced sharply in the following year.
In value terms, crude soybean oil exports declined to $526M in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 119%. As a result, the exports reached the peak of $575M, and then dropped in the following year.
Export of Crude Soybean Oil in Spain (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Morocco | 78.8 | 125 | 333 | 364 | 66.5% |
Algeria | 85.6 | 74.3 | 178 | 77.4 | -3.3% |
Italy | N/A | 17.6 | 15.5 | 35.4 | 41.8% |
Tunisia | 3.8 | 27.7 | N/A | 11.3 | 43.8% |
France | 12.4 | 3.5 | 0.8 | 10.6 | -5.1% |
United Kingdom | 5.8 | 5.5 | 16.8 | 9.9 | 19.5% |
Others | 4.4 | 9.4 | 31.0 | 17.4 | 58.1% |
Total | 191 | 263 | 575 | 526 | 40.2% |
Top Export Markets for Crude Soybean Oil from Spain in 2022:
- Morocco (237.7K tons)
- Algeria (58.4K tons)
- Italy (24.9K tons)
- France (6.7K tons)
- Tunisia (6.0K tons)
- United Kingdom (6.0K tons)
Crude Soybean Oil Imports in Spain
In 2022, the amount of crude soybean oil imported into Spain fell to 155K tons, which is down by -6.8% on the year before. Over the period under review, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 118% against the previous year. As a result, imports reached the peak of 166K tons, and then fell in the following year.
In value terms, crude soybean oil imports fell modestly to $221M in 2022. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 286% against the previous year. As a result, imports attained the peak of $232M, and then reduced in the following year.
Import of Crude Soybean Oil in Spain (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Argentina | 7.6 | N/A | 139 | 57.1 | 95.9% |
Portugal | 4.9 | 30.0 | 48.5 | 53.0 | 121.2% |
United States | N/A | N/A | N/A | 23.5 | 0% |
Russia | N/A | 2.4 | 4.0 | 18.2 | 175.4% |
Italy | 0.1 | 0.1 | 19.9 | 17.8 | 462.5% |
France | 2.9 | 0.5 | 5.9 | 15.9 | 76.3% |
Netherlands | 27.9 | 3.5 | 9.3 | 13.8 | -20.9% |
Egypt | 7.8 | N/A | N/A | 8.3 | 2.1% |
Paraguay | 22.4 | 23.3 | 5.4 | N/A | -50.9% |
Others | 5.8 | 0.4 | 0.7 | 13.2 | 31.5% |
Total | 79.4 | 60.1 | 232 | 221 | 40.7% |
Top Suppliers of Crude Soybean Oil to Spain in 2022:
- Argentina (44.5K tons)
- Portugal (35.8K tons)
- United States (20.6K tons)
- Italy (13.5K tons)
- Russia (9.7K tons)
- France (8.8K tons)
- Netherlands (8.1K tons)
- Egypt (5.8K tons)
This report provides an in-depth analysis of the crude soybean oil market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the crude soybean oil market in Spain.
This report provides an in-depth analysis of the soybean oil market in Spain.
This report provides an in-depth analysis of the soybean oil market in Spain.
This report provides an in-depth analysis of the refined soybean oil market in Spain.
This report provides an in-depth analysis of the global crude soybean oil market.
Global Soybean Oil Market Report 2019. This report provides an in-depth analysis of the global soybean oil market.
This report provides an in-depth analysis of the global soybean oil market.
This report provides an in-depth analysis of the global refined soybean oil market.
This report provides an in-depth analysis of the crude soybean oil market in Spain.
This report provides an in-depth analysis of the soybean oil market in Spain.
During the review period, exports of Crude Soybean Oil peaked at 576K tons in 2013. However, from 2014 to 2023, exports failed to pick up momentum. In terms of value, exports of crude soybean oil significantly decreased to $386M in 2023.
In September 2022, the crude soybean oil price amounted to $1,685 per ton (FOB, Spain), shrinking by -4.4% against the previous month.
Explore the top import markets for crude soybean oil in 2023, including key statistics and import values. Learn about the leading countries driving the global soybean oil market.
Global soybean oil consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
Global soybean oil exports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
Global soybean oil imports amounted to X thousand tons in 2015, jumping by +X% against the previous year level.
In 2015, the countries with the highest levels of production were China (X thousand tons), the United States (X thousand tons), Brazil (X thousand tons), together accounting for X% of total output.
Argentina leads the way in the global soya-bean oil trade. In 2014, Argentina exported X thousand tons of soya-bean oil totaling X million USD, X% under the previous year. Its primary trading partner was India, where it supplied X% of its t
Explore the top import markets for soybean oil and learn about the key countries driving the global soybean oil trade. Discover the trends and statistics behind the world's best import markets for this popular cooking oil.
In 2022, soybean oil prices are forecast to rise by nearly 4% to $1,425 per ton, driven by boosting demand for biofuels. In 2021, the average annual soybean oil price skyrocketed, rising 65% y-o-y to $1,385 per ton. India remains the world’s largest soybean oil importer, while Argentina holds the position of the leading global supplier.