Market research

Soybean oilcake market in Asia

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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"Asia" region includes following countries:

China

Hong Kong

Japan

North Korea

South Korea

Macao

Mongolia

Afghanistan

Bangladesh

Bhutan

Sri Lanka

India

Iran

Maldives

Nepal

Pakistan

Brunei Darussalam

Myanmar

Cambodia

Indonesia

Laos

Malaysia

the Philippines

Timor-Leste

Singapore

Vietnam

Thailand

Kazakhstan

Kyrgyzstan

Tajikistan

Turkmenistan

Uzbekistan

Azerbaijan

Armenia

Bahrain

Cyprus

Georgia

Palestine

Iraq

Israel

Jordan

Kuwait

Lebanon

Oman

Qatar

Saudi Arabia

Syria

Turkey

the United Arab Emirates

Yemen

Earlier Report Observations

The Asian soybean oilcake market volume showed moderate growth from 116 million tonnes in 2018 to 124 million tonnes in 2023. The initial period was influenced by Sino-US trade friction, which introduced uncertainty into supply chains and contributed to market volatility, reflected in a slight dip in volume for 2019.

Market expansion resumed in 2020 and was supported in 2021 by a loose global soybean supply, resulting from favorable crop weather and expanded production in South America, which increased raw material availability for processing. After stabilization in 2022, volume rose again in 2023. Subsequently, the region's reliance on soybean imports, particularly from South America, intensified, while new food safety standards began to affect product labeling requirements for feed ingredients.

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, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Asia
  1. 5.1.1. Annual dynamics of production in Asia in kind, 2018-2023, K t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K 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, K 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, K t
    1. 6.1.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  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 China, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  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 China, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  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 China, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  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 China, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
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 oilcake in Asia

In kind, 2017-2020, K t

Top producers of soybean oilcake, 2017-2020

Source: SHEV.io

World map of production of soybean oilcake, 2017-2020

Source: SHEV.io

In 2020, Asia produced 93 661 K t of soybean oilcake, marking a 6.2% increase from the previous year. Over the period from 2017 to 2020, production grew by 6.4%, with a compound annual growth rate of 2.1%. The largest decline occurred in 2019, when production fell by 3.4%.

Annual dynamics of production in Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.7%	(3.4%)	6.2%	2.1%

Source: SHEV.io

Exports soybean oilcake from Asia

Exports in kind, K t

After two consecutive years of decline, soybean oilcake exports from Asia rebounded in 2020. Exports totaled 1 678 K t, representing a 27.3% year-over-year increase. From 2017 to 2020, exports rose by 3.6%, which translates to an annualized growth rate of 1.2%. The lowest export volume was recorded in 2019 at 1 318 K t, while the largest decline occurred in 2018 with an 11.6% drop.

Annual dynamics of product's exports from Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(11.6%)	(8.0%)	27.3%	1.2%

Source: SHEV.io

Between 2017 and 2020, soybean oilcake from Asia was exported to a diverse range of markets. Even the top destinations—the Netherlands, Denmark, and the United States—collectively accounted for only 9.1% of total exports in volume terms.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Asia in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

Soybean oilcake exports from Asia declined for the second year in a row in 2020. Export value reached 772 M $ US, down 1.7% from 2019. The peak value was recorded in 2018 at 910 M $ US. The largest decrease occurred in 2019 with a 13.8% drop, while the largest increase was in 2018 with a 19.1% rise.

Annual dynamics of product's exports from Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	19.1%	(13.8%)	(1.7%)	0.3%

Source: SHEV.io

From 2017 to 2020, soybean oilcake from Asia was shipped to a wide array of markets. The Netherlands (4.6% of export value), Denmark (4.1%), and the United States (3.5%) together made up just 12.1% of total export value. The remaining 87.9% was distributed among numerous smaller destinations.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Asia in value, 2017-2020

Source: SHEV.io

Imports soybean oilcake to Asia

Imports in kind, K t

In 2020, Asia imported 27 843 K t of soybean oilcake, a 1.9% decrease from the previous year. Over the 2017–2020 period, imports increased by 5.2%, equating to an annualized growth rate of 1.7%. The lowest import volume was in 2018 at 26 136 K t, while the highest was in 2019 at 28 372 K t. The largest increase occurred in 2019 with an 8.6% rise.

Annual dynamics of product's imports to Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.3%)	8.6%	(1.9%)	1.7%

Source: SHEV.io

During 2017–2020, Argentina (43.3% of import volume), Brazil (23.0%), and the United States (13.3%) formed the core of soybean oilcake imports into Asia, together accounting for 79.6% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Asia in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

In 2020, Asia's soybean oilcake import value was 11 166 M $ US, showing little change from 2019. From 2017 to 2020, imports grew by 7.1%, with an annualized rate of 2.3%. The highest value was recorded in 2018 at 11 527 M $ US. The largest decline was in 2019 with a 3.6% drop, while the largest increase was in 2018 with a 10.5% rise.

Annual dynamics of product's imports to Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	10.5%	(3.6%)	0.5%	2.3%

Source: SHEV.io

Between 2017 and 2020, three key markets—Argentina, Brazil, and the United States—collectively absorbed 78.5% of the total import value of soybean oilcake into Asia.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Asia in value, 2017-2020

Source: SHEV.io