Forecast: Soybean Oil Export in the US

The US soybean oil export forecast from 2024 to 2028 shows a steady but slow increase. Based on the given data, the forecasted export volumes are as follows: 365.0 thousand metric tons (TMT) in 2024, increasing incrementally each year by 1 TMT, reaching 368.0 TMT in 2028. The year-on-year variation is minimal, with a yearly average increase of approximately 0.27%. In 2023, the actual export value stood at 364.0 TMT, representing a slight rise in the following years.

Future trends to watch for include:

  • Potential impacts of trade policies and agreements on export dynamics.
  • Environmental sustainability measures and their effect on production and exports.
  • Global demand fluctuations, particularly from key importers.

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