Soybean Oilcake Market Overview in the European Union
In value terms, soybean oilcake production stood at $ in 2018 estimated in export prices. The total output indicated conspicuous growth from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, soybean oilcake production increased by +% against 2015 indices. The pace of growth was the most pronounced in 2013 with an increase of % year-to-year. In that year, soybean oilcake production reached its peak level of $. From 2014 to 2018, soybean oilcake production growth failed to regain its momentum.
The countries with the highest volumes of soybean oilcake production in 2018 were Germany ( tonnes), the Netherlands ( tonnes) and France ( tonnes), together accounting for % of total production. These countries were followed by Italy, the UK, the Czech Republic, Hungary, Austria, Belgium, Spain and Denmark, which together accounted for a further %.
From 2007 to 2018, the most notable rate of growth in terms of soybean oilcake production, amongst the main producing countries, was attained by Denmark, while soybean oilcake production for the other leaders experienced more modest paces of growth.
The revenue of the soybean oilcake market in the European Union amounted to $ in 2018, 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). Overall, soybean oilcake consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of % year-to-year. The level of soybean oilcake consumption peaked at $ in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.
From 2007 to 2018, the most notable rate of growth in terms of soybean oilcake consumption, amongst the main consuming countries, was attained by Poland, while soybean oilcake consumption for the other leaders experienced more modest paces of growth.
In value terms, the largest soybean oilcake markets in the European Union were France ($), Italy ($) and Poland ($), with a combined % share of the total market.
Poland recorded the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while soybean oilcake market for the other leaders experienced more modest paces of growth.
In 2018, the highest levels of soybean oilcake per capita consumption was registered in Denmark ( kg per person), followed by Belgium ( kg per person), Austria ( kg per person) and the Czech Republic ( kg per person), while the world average per capita consumption of soybean oilcake was estimated at kg per person.
In Denmark, soybean oilcake per capita consumption plunged by an average annual rate of -% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Belgium (+% per year) and Austria (+% per year).