Market research

Soybean oil and fractions market in Australia

$Soybean oil and fractions market in Australia$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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Earlier Report Observations

The Australian market for soybean oil and fractions experienced significant volatility between 2018 and 2023. Starting at 29 422 t in 2018, total market volume contracted over the subsequent two years, falling to 22 432 t by 2020.

A pronounced recovery began in 2021, with consumption rising to 27 300 t. Growth continued into 2022, reaching a peak of 30 082 t. The market then stabilized in 2023 at 29 803 t, maintaining a volume close to the previous year's level.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Australia
  1. 5.1.1. Annual dynamics of production in Australia in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Australia in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Australia in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Australia by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Australia in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Australia by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Australia, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Australia by countries, 2018-2025, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Australia in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Australia by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Australia in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Australia by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Australia, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Australia by countries, 2018-2025, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Australia in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Australia by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Australia in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Australia by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Australia, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Australia by countries, 2018-2025, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Australia in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Australia by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Australia in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Australia by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Australia, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Australia by countries, 2018-2025, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production soybean oil and fractions in Australia

In kind, 2018-2021, t

Top producers of soybean oil and fractions, 2018-2021

Source: SHEV.io

World map of production of soybean oil and fractions, 2018-2021

Source: SHEV.io

Australia's production of soybean oil and fractions rebounded after a two-year decline. In 2021, the country produced 4,200 tonnes, marking a significant 55.6% increase from 2020. Looking at the broader period from 2018 to 2021, production fell by 14.3%, which translates to an average annual decrease of 5.0%. The lowest production level was recorded in 2020 at 2,700 tonnes, while the sharpest drop occurred in 2019 with a 32.7% decline.

Annual dynamics of production in Australia in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(32.7%)	(18.2%)	55.6%	(5.0%)

Source: SHEV.io

Exports soybean oil and fractions from Australia

Exports in kind, t

Australia's exports of soybean oil and fractions reached 830 tonnes in 2021, representing a 68.0% rise compared to the previous year. Over the 2018-2021 period, exports decreased by 37.5%, with a compound annual growth rate of -14.5%. The lowest export volume was in 2020 at 494 tonnes, while the peak was in 2019 at 1,350 tonnes. The most substantial decline happened in 2020, with a drop of 63.4%.

Annual dynamics of product's exports from Australia in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	1.6%	(63.4%)	68.0%	(14.5%)

Source: SHEV.io

From 2018 to 2021, Indonesia was the primary market for Australia's soybean oil and fractions, accounting for 85.7% of total exports in volume. Other destinations played a smaller role in the export structure.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Australia in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

The market for soybean oil and fractions exports from Australia showed considerable volatility during these years. The value peaked in 2018 and hit its lowest point in 2020, with a 3.6-fold difference between these extremes. In 2021, exports amounted to 1,289 thousand US dollars, surging by 118.9% from the previous year. The minimum value was recorded in 2020 at 589 thousand US dollars, and the largest decline occurred that same year with a 60.4% drop.

Annual dynamics of product's exports from Australia in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(29.2%)	(60.4%)	118.9%	(15.0%)

Source: SHEV.io

Between 2018 and 2021, Indonesia was the leading buyer of soybean oil and fractions from Australia in value terms, capturing 84.6% of total exports. Other trading partners held relatively minor shares.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Australia in value, 2018-2021

Source: SHEV.io

Imports soybean oil and fractions to Australia

Imports in kind, t

Australia's imports of soybean oil and fractions recovered after a two-year downturn. In 2021, import volume totaled 23,929 tonnes, showing a solid 18.3% increase from 2020. Over the 2018-2021 span, imports decreased by 7.4%, with an average annual decline of 2.5%. The lowest import volume was in 2020 at 20,226 tonnes, and the most significant reduction took place in 2019 with an 11.9% fall.

Annual dynamics of product's imports to Australia in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(11.9%)	(11.2%)	18.3%	(2.5%)

Source: SHEV.io

From 2018 to 2021, Australia's imports of soybean oil and fractions in volume were heavily concentrated on Malaysia, which supplied 70.4% of the total. The remaining 29.6% came from various other countries.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Australia in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

Australia's imports of soybean oil and fractions in value terms rebounded following a two-year decline. In 2021, imports reached 34,314 thousand US dollars, indicating a sharp 61.1% year-over-year increase. Over the 2018-2021 period, imports grew by 25.3%, with a compound annual growth rate of 7.8%. The lowest value was recorded in 2020 at 21,304 thousand US dollars, while the largest decrease occurred in 2019 with a 17.5% drop.

Annual dynamics of product's imports to Australia in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(17.5%)	(5.7%)	61.1%	7.8%

Source: SHEV.io

Throughout 2018-2021, Malaysia dominated Australia's imports of soybean oil and fractions in value, accounting for 72.5% of the total. The rest was distributed among multiple countries, each with smaller individual shares.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Australia in value, 2018-2021

Source: SHEV.io