Southern Asia: Soybean Oil Market 2024

Soybean Oil Market Size in Southern Asia

In 2022, the South Asian soybean oil market increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption posted a resilient increase. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Soybean Oil Production in Southern Asia

In value terms, soybean oil production amounted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Soybean Oil Exports

Exports in Southern Asia

In 2022, soybean oil exports in Southern Asia surged to X tons, rising by X% against 2021. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, soybean oil exports surged to $X in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Nepal was the major exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by India (X tons), constituting a X% share of total exports. Bangladesh (X tons) held a minor share of total exports.

Nepal was also the fastest-growing in terms of the soybean oil exports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%) and Bangladesh (X%) displayed positive paces of growth. While the share of Nepal (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Bangladesh (X p.p.) and India (X p.p.) displayed negative dynamics.

In value terms, Nepal ($X) emerged as the largest soybean oil supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports.

In Nepal, soybean oil exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and Bangladesh (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price saw a mild increase. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nepal ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (X%), while the other leaders experienced mixed trends in the export price figures.

Soybean Oil Imports

Imports in Southern Asia

In 2022, overseas purchases of soybean oil increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Overall, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, soybean oil imports soared to $X in 2022. In general, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

India represented the largest importer of soybean oil in Southern Asia, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by Bangladesh (X tons), creating a X% share of total imports. The following importers - Nepal (X tons) and Pakistan (X tons) - each resulted at an X% share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Pakistan (X%) and Nepal (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. Bangladesh experienced a relatively flat trend pattern. From 2012 to 2022, the share of India and Pakistan increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported soybean oil in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Nepal, with a X% share.

In India, soybean oil imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Nepal (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, rising by X% against the previous year. Overall, the import price continues to indicate a modest expansion. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nepal ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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