Crude Soybean Oil Market Overview in Germany
In value terms, crude soybean oil production rose rapidly to $ in estimated in export prices. Over the period under review, the total production indicated a measured increase from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2015 indices. The pace of growth was the most pronounced in 2008 when the production volume increased by % y-o-y. Over the period under review, production hit record highs at $ in 2012; however, from 2013 to , production stood at a somewhat lower figure.
The value of the crude soybean oil market in Germany was estimated at $ in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by % y-o-y. Crude soybean oil consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain the momentum.