In 2023, Argentina led the global export of crude soybean oil with a 42.43% share, marking a 1.67% year-on-year increase. Brazil followed with 12.28% despite a 1.57% decline. The United States held 9.34%, showing a subtle rise of 0.69%. Notably, Indonesia exhibited a dramatic increase of 304.38%, suggesting a potential shift in future market dynamics. The Netherlands, Bolivia, and Paraguay showed modest growth while Canada faced a significant decrease of 19.74%.
Future trends to watch include Indonesia's potential to increase its market share, influenced by its substantial recent growth. Additionally, emerging markets such as South Korea and Morocco, which demonstrated significant year-on-year increases, could reshape global export dynamics.
Top countries in Export of Crude Soyabean Oil Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Argentina | 42.43 | 2023 | -0.15% | +1.67% | View data |
| 2 | 2 Brazil | 12.28 | 2023 | -0.9% | -1.57% | View data |
| 3 | 3 United States | 9.34 | 2023 | +1.18% | +0.69% | View data |
| 4 | 4 Paraguay | 8.45 | 2023 | +3.46% | +4.31% | View data |
| 5 | 5 Russia | 6.26 | 2023 | +4.67% | +5.61% | View data |
| 6 | 6 Netherlands | 4.25 | 2023 | +3.28% | +2.63% | View data |
| 7 | 7 Bolivia | 3.72 | 2023 | +2.2% | +2.79% | View data |
| 8 | 8 Spain | 3.07 | 2023 | +0.21% | -0.72% | View data |
| 9 | 9 Ukraine | 2.64 | 2023 | +4.81% | +4.46% | View data |
| 10 | 10 Germany | 1.79 | 2023 | -2.38% | +0.015% | View data |
