Russian Federation - Refined Soybean Oil And Its Fractions - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Soybean Oil Price in Russia - 2022
Contents:
- Refined Soybean Oil Price in Russia (FOB) - 2022
- Refined Soybean Oil Price in Russia (CIF) - 2022
- Refined Soybean Oil Exports in Russia
- Refined Soybean Oil Imports in Russia
Refined Soybean Oil Price in Russia (FOB) - 2022
In January 2022, the average refined soybean oil export price amounted to $1,352 per ton, approximately equating the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.2%. The growth pace was the most rapid in October 2021 when the average export price increased by 19% month-to-month. The export price peaked at $1,408 per ton in November 2021; afterwards, it flattened through to January 2022.
There were significant differences in the average prices for the major external markets. In January 2022, the country with the highest price was China ($2,148 per ton), while the average price for exports to Vietnam ($1,211 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Soybean Oil Price in Russia (CIF) - 2022
The average refined soybean oil import price stood at $1,617 per ton in January 2022, shrinking by -4.8% against the previous month. Over the period under review, import price indicated a notable increase from January 2021 to January 2022: its price increased at an average monthly rate of +3.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, refined soybean oil import price increased by +17.9% against August 2021 indices. The most prominent rate of growth was recorded in April 2021 when the average import price increased by 47% month-to-month. The import price peaked at $1,698 per ton in December 2021, and then reduced modestly in the following month.
Average prices varied noticeably amongst the major supplying countries. In January 2022, the country with the highest price was the Netherlands ($1,822 per ton), while the price for Belarus ($1,583 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Belarus (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Refined Soybean Oil Exports in Russia
In 2022, refined soybean oil exports from Russia rose sharply to 34K tons, increasing by 6.6% against 2021. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 2,265% against the previous year. As a result, the exports attained the peak of 37K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, refined soybean oil exports contracted to $35M in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,517%.
| Export of Refined Soybean Oil in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.5 | 21.1 | 13.4 | 15.5 | 117.8% |
| Lithuania | N/A | N/A | N/A | 4.0 | 0% |
| Jordan | N/A | 0.5 | 1.2 | 3.5 | 164.6% |
| South Korea | N/A | 0.8 | 3.0 | 1.8 | 50.0% |
| Estonia | N/A | 0.2 | 0.1 | 1.4 | 164.6% |
| Kazakhstan | N/A | 0.1 | 0.4 | 0.7 | 164.6% |
| Georgia | N/A | N/A | N/A | 0.5 | 0% |
| Tajikistan | N/A | N/A | 6.5 | N/A | 0% |
| Mongolia | 0.2 | 3.3 | 6.2 | N/A | 456.8% |
| Others | 0.3 | 6.2 | 8.0 | 8.2 | 201.2% |
| Total | 2.0 | 32.1 | 38.7 | 35.4 | 160.6% |
Top Export Markets for Refined Soybean Oil from Russia in 2022:
- China (15.8K tons)
- Lithuania (4.4K tons)
- Jordan (2.7K tons)
- South Korea (1.7K tons)
- Estonia (1.3K tons)
- Georgia (0.5K tons)
- Kazakhstan (0.5K tons)
Refined Soybean Oil Imports in Russia
After three years of growth, purchases abroad of refined soybean oil and its fractions decreased by -10.4% to 5K tons in 2022. In general, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 280% against the previous year.
In value terms, refined soybean oil imports shrank sharply to $5.7M in 2022. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 227% against the previous year.
| Import of Refined Soybean Oil in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 0.2 | 2.9 | 6.3 | 4.4 | 180.2% |
| South Korea | 0.8 | 0.7 | 0.5 | 0.7 | -4.4% |
| Netherlands | 0.2 | 0.3 | 0.3 | 0.6 | 44.2% |
| Others | 0.1 | 0.3 | 0.2 | N/A | 41.4% |
| Total | 1.3 | 4.2 | 7.3 | 5.7 | 63.7% |
Top Suppliers of Refined Soybean Oil to Russia in 2022:
- Belarus (3.9K tons)
- South Korea (0.6K tons)
- Netherlands (0.5K tons)
This report provides an in-depth analysis of the refined soybean oil market in the Russian Federation. 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 10415100 - Refined soya-bean oil and its fractions (excluding chemically modified)
Country coverage:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- 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
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This report provides an in-depth analysis of the refined soybean oil market in the Russian Federation.
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This report provides an in-depth analysis of the refined soybean oil market in the Russian Federation.
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This report provides an in-depth analysis of the soybean oil market in the Russian Federation.
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This report provides an in-depth analysis of the crude soybean oil market in the Russian Federation.
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Global soybean oil imports amounted to X thousand tons in 2015, jumping by +X% against the previous year level.
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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.
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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.
