Republic of Korea - Soybean Oilcake - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoybean Oilcake Price in South Korea - 2022
Contents:
- Soybean Oilcake Price in South Korea (CIF) - 2022
- Soybean Oilcake Price in South Korea (FOB) - 2022
- Soybean Oilcake Imports in South Korea
- Soybean Oilcake Exports in South Korea
Soybean Oilcake Price in South Korea (CIF) - 2022
The average soybean oilcake import price stood at $548 per ton in December 2022, with a decrease of -2.8% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in June 2022 when the average import price increased by 12% against the previous month. The import price peaked at $623 per ton in July 2022; however, from August 2022 to December 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was India ($785 per ton), while the price for Argentina ($528 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Brazil (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Soybean Oilcake Price in South Korea (FOB) - 2022
The average soybean oilcake export price stood at $586 per ton in December 2022, which is down by -4.1% against the previous month. Overall, the export price, however, continues to indicate a mild expansion. The pace of growth appeared the most rapid in April 2022 when the average export price increased by 590% against the previous month. As a result, the export price attained the peak level of $3,680 per ton. From May 2022 to December 2022, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Japan.
From December 2021 to December 2022, the rate of growth in terms of prices for Japan amounted to +1.4% per month.
Soybean Oilcake Imports in South Korea
In 2022, approx. 1.8M tons of soybean oilcake were imported into South Korea; increasing by 3.7% compared with 2021 figures. Overall, imports, however, saw a slight shrinkage.
In value terms, soybean oilcake imports contracted to $754M in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. As a result, imports attained the peak of $816M, and then reduced in the following year.
Import of Soybean Oilcake in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 637 | 573 | 720 | 654 | 0.9% |
Argentina | 34.8 | 70.5 | 35.8 | 42.1 | 6.6% |
India | 32.0 | 32.0 | 31.9 | 28.6 | -3.7% |
China | 10.1 | 7.3 | 18.1 | 16.4 | 17.5% |
United States | 23.8 | 9.5 | 9.3 | 12.7 | -18.9% |
Others | N/A | 0.2 | 0.4 | 0.4 | 41.4% |
Total | 738 | 693 | 816 | 754 | 0.7% |
Top Suppliers of Soybean Oilcake to South Korea in 2022:
- Brazil (1584.6K tons)
- Argentina (118.2K tons)
- India (52.5K tons)
- China (31.6K tons)
- United States (30.2K tons)
Soybean Oilcake Exports in South Korea
In 2022, soybean oilcake exports from South Korea reduced to 39K tons, with a decrease of -14.1% compared with 2021. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year.
In value terms, soybean oilcake exports declined dramatically to $18M in 2022. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 76% against the previous year.
Export of Soybean Oilcake in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 23.2 | 12.8 | 22.5 | 16.7 | -10.4% |
Vietnam | 4.8 | 0.3 | N/A | 1.2 | -37.0% |
Others | 1.5 | 0.1 | 0.7 | 0.3 | -41.5% |
Total | 29.5 | 13.2 | 23.2 | 18.2 | -14.9% |
Top Export Markets for Soybean Oilcake from South Korea in 2022:
- Japan (36.7K tons)
- Vietnam (2.0K tons)
This report provides an in-depth analysis of the soybean oilcake market in Republic of Korea. 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:
- Prodcom 10414130 - Oilcake and other solid residues resulting from the extraction of soya-bean oil
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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 soybean oilcake market in Republic of Korea.
This report provides an in-depth analysis of the global soybean oilcake market.
This report provides an in-depth analysis of the soybean oilcake market in Republic of Korea.
This report provides an in-depth analysis of the global soybean oilcake market.
Driven by increasing global demand, the soybean oilcake market is projected to continue growing at a steady pace over the next seven years. By 2030, market volume is expected to reach 275 million tons, with a market value of $170.2 billion.
Explore the top import markets for soybean oilcake, including Indonesia, Vietnam, and the Philippines. Gain insights into key statistics and market trends using IndexBox market intelligence platform.
Driven by increasing global demand, the soybean oilcake market is projected to continue growing at a steady pace over the next seven years. By 2030, market volume is expected to reach 275 million tons, with a market value of $170.2 billion.
Explore the top import markets for soybean oilcake, including Indonesia, Vietnam, and the Philippines. Gain insights into key statistics and market trends using IndexBox market intelligence platform.