The global soybean oil processing industry is led by the United States, which far outpaces other countries with a forecasted value of 4.13 million metric tons in 2024. Brazil follows at 0.541 million metric tons, experiencing a significant year-on-year increase of 1.55%. Other notable producers include Canada, India, and Tunisia, though their productions are relatively modest in comparison.
Year-on-year variations reveal a mixed landscape: countries like Argentina (2.87%), Denmark (11.49%), Bolivia (2.21%), Zimbabwe (3.01%), and El Salvador (2.71%) show upward trends, while Venezuela (-1.65%), Colombia (-1.11%), Chile (-3.23%), China (-1.89%), Panama (-1.89%), and the Netherlands (-4.36%) are experiencing declines. Notably, Serbia saw a substantial decrease of -12.94%.
Future trends to watch in global soybean oil processing include potential shifts in production capabilities due to technological advancements, economic policies, and climatic conditions. Increased focus on sustainability and the demand for renewable energy sources might also influence production volumes and geographical distribution.
Top countries in Soybean Oil Processing by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 4,130 | 2023 | +0.61% | +0.19% | View data |
| 2 | 2 Brazil | 541 | 2023 | +1.5% | +1.55% | View data |
| 3 | 3 Canada | 186 | 2023 | 0% | 0% | View data |
| 4 | 4 India | 171 | 2023 | -1.16% | -0.35% | View data |
| 5 | 5 Tunisia | 114 | 2023 | +0.88% | 0% | View data |
| 6 | 6 Peru | 96 | 2023 | +1.05% | +0.42% | View data |
| 7 | 7 Mexico | 94 | 2023 | 0% | -0.42% | View data |
| 8 | 8 Venezuela | 92 | 2023 | -1.08% | -1.65% | View data |
| 9 | 9 Colombia | 87 | 2023 | -1.14% | -1.11% | View data |
| 10 | 10 United Kingdom of Great Britain and Northern Ireland | 83 | 2023 |
