Report Update: Apr 1, 2024

Australia - Soybean Oilcake - Market Analysis, Forecast, Size, Trends And Insights

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Soybean Oilcake Price in Australia - 2023

Soybean Oilcake Price in Australia (CIF) - 2023

In July 2023, the average soybean oilcake import price amounted to $549 per ton, shrinking by -2.5% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 13% month-to-month. The import price peaked at $600 per ton in August 2022; however, from September 2022 to July 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Argentina.

From July 2022 to July 2023, the rate of growth in terms of prices for Antigua and Barbuda amounted to 0.0% per month.

Soybean Oilcake Price in Australia (FOB) - 2022

The average soybean oilcake export price stood at $1,219 per ton in 2022, increasing by 23% against the previous year. In general, the export price, however, continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 2,459%. As a result, the export price reached the peak level of $60,118 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($7,195 per ton), while the average price for exports to China ($868 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (-1.1%), while the prices for the other major destinations experienced a decline.

Soybean Oilcake Imports in Australia

In 2022, the amount of soybean oilcake imported into Australia surged to 853K tons, increasing by 26% on the year before. Overall, imports, however, recorded a noticeable decrease.

In value terms, soybean oilcake imports surged to $491M in 2022. The total import value increased at an average annual rate of +10.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Soybean Oilcake in Australia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Argentina	359	361	328	478	10.0%
Others	3.1	17.5	10.4	12.8	60.4%
Total	362	378	338	491	10.7%

Top Suppliers of Soybean Oilcake to Australia in 2022:

Argentina (836.1K tons)

Soybean Oilcake Exports in Australia

In 2022, the amount of soybean oilcake exported from Australia soared to 96 tons, increasing by 168% compared with 2021 figures. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 2,769% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, soybean oilcake exports surged to $117K in 2022. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 873%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Soybean Oilcake in Australia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	N/A	N/A	6.6	69.4	951.5%
South Korea	N/A	N/A	N/A	25.2	0%
Papua New Guinea	2.5	N/A	6.7	18.0	93.1%
New Zealand	1.5	1.8	1.5	4.7	46.3%
Netherlands	N/A	N/A	14.7	N/A	0%
Others	3.7	73.7	6.2	0.3	-56.7%
Total	7.8	75.4	35.6	117	146.6%

Top Export Markets for Soybean Oilcake from Australia in 2022:

China (79.9 tons)
South Korea (11.0 tons)
New Zealand (2.9 tons)
Papua New Guinea (2.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the soybean oilcake market in Australia. 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:

Australia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Australia
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023