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Soybean Oil
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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Abi will answer all Soybean Oil related
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Get up-to-date market and supplier info on Soybean Oil to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

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Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

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Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

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Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Report Coverage

  • Global Soybean Oil Supply–Demand Analysis

  • Innovations/Trends

  • Key Supplier Profiles

  • Soybean Oil Pricing Analysis - US, Argentina, Brazil

Production Size

Production Size North America

13.49 MMT

Production Size China

91.7 MMT

Table of contents

  1. Soybean Oil Executive Summary
  2. Supply/Demand and Prices
  3. Global Soybean Oil Market Share
  4. Contract Structures by Industry and Price Benchmarking
  5. Cost Savings, Based on Contract Structures
  1. Soybean Oil Market Analysis
  2. Value Chain Analysis
  3. Global Market Outlook
  4. Current Market Size
  5. Demand - Supply Trends and Forecast
  6. Key End-use Industries
  7. Trade Dynamics
  8. Regional Market Outlook (China, US, Argentina, and Brazil)
  9. Current Market Size
  10. Demand - Supply Trends and Forecast
  11. Key End-use Industries
  12. Trade Dynamics
  1. Soybean Oil Industry Analysis
  2. Industry Outlook
  3. Drivers and Constraints for the Industry
  4. Innovations
  5. Porter’s Five Forces Analysis
  1. Soybean Oil Supplier Analysis
  2. Price Analysis (US, Argentina, and Brazil)
  3. Price Forecast for Soybean Oil
  4. Profiling of Major Suppliers
  5. Archer-Daniels-Midland Co.
  6. Bunge Limited
  7. Cargill Inc.
  8. Louis Dreyfus Company
  9. Wilmar International Ltd.
  1. Soybean Oil Cost & Price Analysis
  2. Procurement Insights for Soybean Oil
  3. Sourcing Months
  4. Sourcing Regions
  5. Contract Structures

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Global Market Outlook on Soybean Oil

  • The global soybean oil market supply has been witnessing a steady growth of 3 percent CAGR during the 2015–2016/ 2019–2020 crop year. The current crop year (2019–2020 ) production is expected to decrease by 2-3% against the previous crop year 2018–2019, however, the total supply is estimated to rise, owing to high carry-over stocks from last year 
  • Soybean planting area has decreased in 2019-2020, low yields in the previous season discouraged farmers to plant soy in major producing regions
  • Biodiesel demand has decreased in the overall industrial demand in 2019-2020

soybean-oil-market-size

Price Benchmarking

  • Soybean oil prices and contract structures are fixed by the US suppliers using CBOT soybean oil futures and adding the basis & freight costs
  • The basis is the difference between cash and futures prices. Profit margin set by the buyers depends on the time of buying & selling and also on the soybean prices
  • Soybeans supply scenario, and crush margins play a major role in driving the prices of soy oil

Soybean Oil Value Chain

  • Soybean oil value chain and prices are driven using by-products, raw materials supply, and crushing economies. approx. 82 percent of the soybean produced globally is used for the purpose of crushing, out of which 18 percent of oil and 82 percent meal are obtained
  • Despite the low share as a by-product, soybean oil prices play a major role in the pricing economies of the soybean value chain, due to its utility in end-use demand

Global Soybean Oil Supply–Demand Analysis

  • Soybean oil supply witnessed a consecutive increase for the last three years, due to increased soybean supply and tightened supply in the other vegetable oil market, mainly the rapeseed oil market
  • Recovery in the bio-diesel demand has also supported the soybean demand during the start of 2018
  • Biodiesel demand has also relatively been low since the corona crisis, the soybean oil demand during the H1 2020 was relatively low from this segment
  • Soybean oil is the second most-consumed vegetable oil in the world, driven by US and Asian demand
  • China is the major soybean oil-consuming country with its main end-use application being for food use
  • The growing population and soybean acreage as a result of the government-led initiatives will increase the soybean oil consumption and production in China

Soybean Oil Market Outlook - 2019-2020

  • Global production and consumption of soybean oil from 2015–2016 to 2019–2020 has been estimated to grow at a CAGR of 2.79 percent and 1.84 percent, respectively
  • The global production and consumption are expected to grow at 3.4 percent and 2 percent, respectively, for 2019–2020 compared to the previous year 
  • The accelerated consumption growth of soybean oil in China will drive the production increase 
  • Major soybean oil-producing regions are China, Argentina, and the U.S., which account for about 62 percent of the global soybean oil production

Soybean Oil Global Demand by Application

  • The global soybean oil demand witnessed a steady increase in the recent decade, due to an increasing share of demand from the food industry
  • The main demand for soybean oil is for food application, followed by industrial use, which is for biodiesel manufacturing
  • The global biodiesel production from soybean oil in 2020 is estimated to witness a steep decrease compared to previous year

Soybean Oil Consumption by Country

  • China, the US, and Brazil are the largest consumers of soybean oil
  • China is the largest producer and consumer of soybean oil. China consumes almost approx. 99 percent of the domestic production
  • Brazil, Argentina, and the US are major soybean producing areas.China imports 64 percent of the global soybean to produce the soybean oil

Soybean Oil Exports by Country (2019–2020 E)

  • The global soybean oil trade from 2015–2016 to 2019–2020 grew only at a CAGR of 0.3 percent, majority of the downtrend owing to the US-China trade war. The rising dependency of consumers on soy oil, due to the decline in palm oil and rapeseed oil production, is boosting trade in 2019–2020
  • India is the largest importing nation of soybean oil, and all of it is used in food application
  • LATAM region trade revived in 2018-2019 with the EU relaxing its trade barrier, this trend continued in 2019-2020

Soybean Oil Imports by Country (2019–2020 E)

  • The major importers of soybean oil are India (31 percent), China (8 percent), Bangladesh (7 percent), Morocco(5 percent), and Others(42 percent).

Global Soybean Oil Market Trade Dynamics

  • Argentina and Brazil are the largest soybean oil-exporting countries, accounting for about 56 percent of the global exports, while India is the largest soybean oil-importing country
  • Soybean oil market size is estimated to rise by 4.2 percent in 2019-2020, when compared to previous year

Soybean Oil Price Forecast

  • In the US, soybean oil prices up trended in Q1 2019 with a drop in Chinese oil output. Further, increasing usage of the biodiesel industry supports the price increase.
  • Soybean oil prices in Argentina are expected to be stable, with an increase of 2–2.5 percent in the long term.
  • In Brazil, prices could surge with increasing demand from Biodiesel and exports, however, could be curbed seasonally over summer with the surge in crush rates.

Regional Market Snapshot

This section analyses the different geographical regions and gives detailed information about the:

  • Soybean Oil Market Size
  • Soybean Oil Production Details
  • Import / Export Share
  • Soybean Oil Market Forecast
  • Soybean Oil Market Trends 
  • Soybean Oil Prices And Price Drivers
  • Supply / Demand And Other Trade Dynamics

Innovations/Trends

Roundup Ready 2 Xtend Technology - By Monsanto

  • After a decade of development, the new and elite germplasm in Roundup Ready 2 Xtend soybeans can provide growers with outstanding performance in their efforts to produce the best crop possible
  • Roundup Ready 2 Xtend soybeans are built on the same high-yielding germplasm as Genuity Roundup Ready2 Yield soybeans, which continue to deliver a greater than 4-Bu-per-acre advantage compared with the original Roundup Ready soybeans
  • Although Roundup Ready 2 Xtend soybeans tolerate both glyphosate and dicamba herbicides, the use of dicamba herbicide over the top of Roundup Ready 2 Xtend soybeans remains in late stage of Environmental Protection Agency (EPA) review, and it is not currently approved by the EPA

High Oleic Oils

  • For years, companies have tried to phase out margarine based oils and fats from the food processing industry through numerous innovations. One such innovation is the high oleic oils
  • High oleic oils are rich in mono-saturated fat content and do not contain trans fats, unlike the partially hydrogenated fats used in the food processing industry 
  • Oils with high oleic contents are heat stable, and thus, can be reused 
  • In the case of soybean oil, which is highly rancid in nature, compared to the other vegetable oils, this is likely to be a breakthrough, if the researchers successfully manage to increase the shelf life of the product
  • Many US-based fast food joints have shifted in using high oleic oils as the preferred edible oil 

Soybean Oil Market Frequently Asked Questions

  1. Who are the major players in the soybean oil industry? 
  2. As per Beroe’s soybean outlook 2020 report, China is the largest producer and consumer of soybean oil, consuming around 99% of its production. Brazil and the US are also the major consumers according to Beroe's global soybean market report. India is the largest importer of soybean. 

 

  1. What are the latest trends in the soybean oil market?
  2. Beroe’s soybean international market reveals the current trends to be: steady growth in the supply, low production in spite of large production areas due to the La Nina conditions, and a rise in demand due to the deficiency in rapeseed oils. 

 

  1. What are the key drivers of the soybean oil market?
  2. The global soybean market saw a great increase in demand due to the recovery in biodiesel demand. The increase in population and rise in soybean production has also been driving factors for more soybean consumption in China. The major use cases driving the demand for soybean oil are food application and industrial use. 

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