Argentina leads in the global export of crude soybean oil, commanding 41.74% of the market share in US dollars in 2023, an increase of 1.17% from the previous year. Brazil follows with 12.14%, albeit with a decline of 2.42%. The United States ranks third at 9.65%, experiencing a slight decrease of 0.25%. Other significant contributors include Paraguay and Russia, both showing positive growth rates, particularly Russia with an increase of 5.52%. Meanwhile, emerging players like Indonesia and Morocco have demonstrated remarkable growth, with Indonesia surging by 91.0% and Morocco by 173.96%.
Looking ahead, keep an eye on rapidly growing regions like Southeast Asia, particularly Indonesia, due to their increasing export capabilities and competitive pricing. Eastern Europe, with countries like Ukraine and Romania, is also expected to rise in prominence if their upward trends continue. Additionally, watch for potential volatility caused by geopolitical tensions, trade policies, and environmental concerns influencing production and exportation strategies across leading and emerging nations in the crude soybean oil market.
Top countries in Export of Crude Soyabean Oil Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Argentina | 41.74 | 2023 | -0.96% | +1.17% | View data |
| 2 | 2 Brazil | 12.14 | 2023 | -1.88% | -2.42% | View data |
| 3 | 3 United States | 9.65 | 2023 | +0.026% | -0.25% | View data |
| 4 | 4 Paraguay | 8.13 | 2023 | +3.05% | +3.85% | View data |
| 5 | 5 Russia | 6.38 | 2023 | +4.42% | +5.52% | View data |
| 6 | 6 Netherlands | 4.53 | 2023 | +2.79% | +2.4% | View data |
| 7 | 7 Bolivia | 3.39 | 2023 | +1.32% | +2.03% | View data |
| 8 | 8 Spain | 3.07 | 2023 | -1.57% | -2.25% | View data |
| 9 | 9 Ukraine | 2.72 | 2023 | +4.6% | +4.43% | View data |
| 10 | 10 Germany | 1.79 | 2023 | -4.16% | -0.91% | View data |
