Soybean Oilcake Market Overview in Japan
In value terms, soybean oilcake production dropped to $ in 2019 estimated in export prices. Over the period under review, the total production indicated a tangible increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -% against 2014 indices. The pace of growth was the most pronounced in 2010 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2014; however, from 2015 to 2019, production stood at a somewhat lower figure.
The value of the soybean oilcake market in Japan shrank to $ in 2019, reducing 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 +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 when the market value increased by % y-o-y. Over the period under review, the market reached the peak level at $ in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.