The data reveals that China dominates global soybean oil non-food uses, with significantly higher consumption than other countries. Brazil and Argentina follow, but with far lesser volumes. Major growth has been recorded in China and developing nations like India and Bangladesh with notable increases in usage from 2023. Conversely, countries like Venezuela and Portugal have experienced declines in usage. Over the past five years, the compound annual growth rate shows consistent growth in most regions, reflecting increasing industrial and biofuel applications of soybean oil. Future trends suggest expanding utilization in Asia due to industrialization, while Latin America might see growth due to biofuel production.
Top countries in Soybean Oil Non-food Uses by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 14,230 | 2023 | +1.62% | +1.61% | View data |
| 2 | 2 Brazil | 4,460 | 2023 | +1.45% | +1.18% | View data |
| 3 | 3 Argentina | 2,650 | 2023 | +0.15% | +1.03% | View data |
| 4 | 4 India | 1,770 | 2023 | +1.67% | +3.22% | View data |
| 5 | 5 United States | 1,720 | 2023 | +3.93% | +2.98% | View data |
| 6 | 6 Bangladesh | 836 | 2023 | +3.21% | +2.95% | View data |
| 7 | 7 Egypt | 384 | 2023 | +4.35% | +2.17% | View data |
| 8 | 8 Peru | 315 | 2023 | +1.94% | +1.53% | View data |
| 9 | 9 Morocco | 258 | 2023 | +1.18% | +0.79% | View data |
| 10 | 10 Colombia | 180 | 2023 | +2.86% | +3.58% | View data |
