In 2023, Argentina led with a soybean oil extract rate of 19.51, followed closely by Japan and the United States. There is a modest variation across countries, with Malaysia having the lowest rate at 17. The last five years have seen a relatively stable extract rate, with a compound annual growth rate (CAGR) near nil, indicating minimal yearly changes. This stability suggests a mature market with established extraction technologies and efficiencies.
Looking forward to 2030, several trends are pivotal: technological advancements might boost extraction efficiency, while geopolitical and climate factors could impact production countries like Argentina and Brazil. Additionally, increased demand for biofuels and food security concerns may influence production policies.
Top countries in Soybean Oil Extract Rate, Forecast 2021-2030 by Country
| # | 10 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Argentina | 19.51 | 2030 | View data |
| 2 | 2 Japan | 19.49 | 2030 | View data |
| 3 | 3 United States | 19.36 | 2030 | View data |
| 4 | 4 Brazil | 19.23 | 2030 | View data |
| 5 | 5 Vietnam | 19 | 2030 | View data |
| 6 | 6 Canada | 18.89 | 2030 | View data |
| 7 | 7 Bangladesh | 18.83 | 2030 | View data |
| 8 | 8 Pakistan | 18.75 | 2030 | View data |
| 9 | 9 Saudi Arabia | 18.64 | 2030 | View data |
| 10 | 10 Iran | 18.61 | 2030 | View data |
