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Thailand - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Soybean Oil Price in Thailand - 2023
Contents:
- Crude Soybean Oil Price in Thailand (FOB) - 2023
- Crude Soybean Oil Price in Thailand (CIF) - 2022
- Crude Soybean Oil Exports in Thailand
- Crude Soybean Oil Imports in Thailand
Crude Soybean Oil Price in Thailand (FOB) - 2023
The average crude soybean oil export price stood at $1,061 per ton in September 2023, reducing by -2% against the previous month. Overall, the export price continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in March 2023 an increase of 16% m-o-m. Over the period under review, the average export prices reached the maximum at $1,509 per ton in September 2022; however, from October 2022 to September 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In September 2023, the country with the highest price was Vietnam ($1,072 per ton), while the average price for exports to India amounted to $1,057 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (0.0%), while the prices for the other major destinations experienced a decline.
Crude Soybean Oil Price in Thailand (CIF) - 2022
The average crude soybean oil import price stood at $11,000 per ton in 2022, picking up by 84% against the previous year. In general, the import price posted a significant expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 521% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2016 to 2022, the rate of growth in terms of prices for Malaysia amounted to +2.8% per year.
Crude Soybean Oil Exports in Thailand
In 2022, overseas shipments of crude soybean oil decreased by -4.8% to 38K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 59% against the previous year.
In value terms, crude soybean oil exports soared to $59M in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 76% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Crude Soybean Oil in Thailand (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 14.2 | 20.5 | 43.9 | 43.6 | 45.3% |
Malaysia | 1.7 | 4.4 | 6.5 | 7.9 | 66.9% |
India | N/A | 3.6 | N/A | 7.3 | 42.4% |
Others | 1.0 | 0.2 | 0.3 | N/A | -45.2% |
Total | 16.9 | 28.7 | 50.6 | 58.8 | 51.5% |
Top Export Markets for Crude Soybean Oil from Thailand in 2022:
- Vietnam (28.0K tons)
- Malaysia (5.0K tons)
- India (5.0K tons)
Crude Soybean Oil Imports in Thailand
In 2022, purchases abroad of crude soybean oil decreased by -99.9% to 1 kg, falling for the second year in a row after two years of growth. Over the period under review, imports showed a significant decline. The pace of growth appeared the most rapid in 2020 when imports increased by 43,563%. As a result, imports attained the peak of 2.5K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, crude soybean oil imports dropped markedly to $11 in 2022. Overall, imports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 45,560%. As a result, imports reached the peak of $2.4M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Crude Soybean Oil in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | N/A | 2.4 | N/A | N/A | 0% |
United States | N/A | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | N/A | 2.4 | N/A | N/A | 0% |
Top Suppliers of Crude Soybean Oil to Thailand in 2022:
- United States (1.0 kg)
This report provides an in-depth analysis of the crude soybean oil market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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
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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 Thailand.
This report provides an in-depth analysis of the soybean oil market in Thailand.
This report provides an in-depth analysis of the soybean oil market in Thailand.
This report provides an in-depth analysis of the refined soybean oil market in Thailand.
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 Thailand.
This report provides an in-depth analysis of the soybean oil market in Thailand.
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.
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.
The soybean oil market indicates steady growth, despite the COVID-19 pandemic cut demand for biofuel. The competitive price of soybean oil, against the price for sunflower and palm oil, combined with the potential growth in demand for biofuels and increasingly robust environmental standards, signal tangible prospects for the further development of the soybean oil market.