Global Soybean Oil Trends in 2022
Soybean Oil is part of Edible Oil. You may also be interested in Olive Oil, Sunflower Oil and Cottonseed Oil.
Global demand for soybean oil is expected to reach 24.1 million metric tons by 2026, a 0.7% annual growth rate since 2021, when it was 23.2 million metric tons. Since 2017, demand has increased by 0.9% annually. In 2021, the US was the largest consumer of soybean oil with 4.6 million metric tons, followed by China, India and Brazil. Belarus saw a 10.1% increase year-on-year, while Latvia saw a 100% decrease since 2017. Global production of soybean oil is estimated to reach 69.3 million metric tons by 2026, a 2% annual growth rate since 2021, when it was 61.7 million metric tons. Since 1966, production has grown 3.6% each year. In 2021, China was the chief producer of soybean oil with 18.7 million metric tons, followed by the US, Brazil and Argentina. The Dominican Republic experienced a 39.3% increase year-on-year, while Croatia saw a 61.4% decrease since 1966.
Top 10 countries
In 2022 major markets in the Soybean Oil Industry were:
Soybean Oil Market Data and Forecasts
How much the Soybean Oil industry is expected to grow to 2026?
More in Soybean Oil Industry for 2028Global Soybean Oil Statistics
- Soybean Oil Import 204 countries (Asia, Africa, Sub-Saharan Africa...)
- Soybean Oil Export 158 countries (Asia, Latin America, Africa...)
- Soybean Oil Consumption 195 countries (Asia, Africa, Latin America...)
- Soybean Oil Production 141 countries (Asia, Latin America, South America...)
- Crude Oil Import 219 countries (Asia, Europe, Africa...)
- Sesame Oil Import 187 countries (Asia, Africa, Sub-Saharan Africa...)
- Crude Oil Export 229 countries (Europe, Asia, Southern Europe...)
- Sesame Oil Export 133 countries (Asia, Middle East, Africa...)
- Soybean Oil Stocks 144 countries (Asia, Latin America, Africa...)
- Food Consumption 174 countries (Asia, Africa, Sub-Saharan Africa...)