In the global soybean oil processing market, the United States dominates with a processing volume of 67.16 thousand metric tons, a slight increase from previous years, indicating stability in its processing capacity. Brazil follows but with much lower figures, while countries like Denmark and Bolivia show significant percentage increases, hinting at growing processing capabilities. Conversely, Venezuela, Colombia, and Chile are experiencing declines, with Venezuela facing a notable decrease in processing share.
Future trends to monitor include the potential growth in processing capacities in countries like Argentina and Denmark, which have shown recent increases. Furthermore, technological advancements, sustainable practices, and trade policies may significantly impact global soybean oil processing dynamics moving forward.
Top countries in Soybean Oil Processing Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 67.16 | 2023 | +0.61% | +0.19% | View data |
| 2 | 2 Brazil | 8.8 | 2023 | +1.5% | +1.55% | View data |
| 3 | 3 Canada | 3.03 | 2023 | 0% | 0% | View data |
| 4 | 4 India | 2.78 | 2023 | -1.16% | -0.35% | View data |
| 5 | 5 Tunisia | 1.85 | 2023 | +0.88% | 0% | View data |
| 6 | 6 Peru | 1.56 | 2023 | +1.05% | +0.42% | View data |
| 7 | 7 Mexico | 1.53 | 2023 | 0% | -0.42% | View data |
| 8 | 8 Venezuela | 1.5 | 2023 | -1.08% | -1.65% | View data |
| 9 | 9 Colombia | 1.42 | 2023 | -1.14% | -1.11% | View data |
| 10 | 10 United Kingdom of Great Britain and Northern Ireland | 1.35 | 2023 |
