Crude Soybean Oil Market Overview in Pakistan
In value terms, crude soybean oil production fell to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by % y-o-y. Crude soybean oil production peaked at $ in 2012; however, from 2013 to 2019, production failed to regain the momentum.
The revenue of the crude soybean oil market in Pakistan totaled $ in 2019, picking up 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). The market value increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the market value increased by % y-o-y. Over the period under review, the market hit record highs in 2019 and is likely to see gradual growth in years to come.