Market research

Soybean oilcake market in Eastern Asia

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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"Eastern Asia" region includes following countries:

China

Hong Kong

Japan

North Korea

South Korea

Macao

Mongolia

Earlier Report Observations

The soybean oilcake market volume in Eastern Asia fluctuated between 2018 and 2023, starting at 76.9 million tons in 2018. It declined to 73.9 million tons in 2019, then recovered to 78.1 million tons in 2020. Growth continued to 79.8 million tons in 2021, followed by a slight contraction to 78.4 million tons in 2022, and a rise to 82.0 million tons in 2023.

U.S.-China trade frictions in 2018 disrupted soybean import flows, contributing to the market decline in 2019. The recovery from 2020 onward was aided by ample global soybean supplies, especially from expanding South American production, which enhanced raw material availability for oilcake processing. The market stabilized in 2022 before reaching a new high in 2023.

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 Eastern Asia
  1. 5.1.1. Annual dynamics of production in Eastern 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. Exports
1. 6.1. Exports (Direct Data*)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data*)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to 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 Eastern 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 Eastern Asia, soybean oilcake production reached 75 190 K t in 2020, marking a 5.3% increase from the previous year. Looking at the period from 2017 to 2020, production grew by 3.2%, with an average annual growth rate of 1.1%. The lowest production level was recorded in 2019 at 71 415 K t, which also saw the largest decline of 4.1% during this timeframe.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.2%	(4.1%)	5.3%	1.1%

Source: SHEV.io

In value, 2017-2020, M $ US

The value of soybean oilcake output in Eastern Asia stood at 34 487 M $ US in 2020, up 3.6% compared to 2019. From 2017 to 2020, production value increased by 2.7%, translating to an annualized rate of 0.9%. The minimum value occurred in 2019 at 33 282 M $ US, while the peak was in 2018 at 36 774 M $ US. The largest decline of 9.5% was recorded in 2019, and the largest increase of 9.5% took place in 2018.

Annual dynamics of production in Eastern Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	9.5%	(9.5%)	3.6%	0.9%

Source: SHEV.io

Exports soybean oilcake from Eastern Asia

Exports in kind, K t

Soybean oilcake exports from Eastern Asia fell for the second year in a row. In 2020, exports totaled 883 K t, showing a significant drop of 14.2% from 2019. Over the 2017-2020 period, exports decreased by 14.6%, with a compound annual growth rate of -5.1%. The highest export volume was in 2018 at 1 165 K t, which also experienced the largest increase of 12.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	12.7%	(11.6%)	(14.2%)	(5.1%)

Source: SHEV.io

From 2017 to 2020, the export structure for soybean oilcake in kind was highly fragmented. The Netherlands accounted for 6.0% of exports, Denmark for 5.0%, and the United Kingdom for 3.8%, together making up just 14.8% of total flows, with no single country holding a dominant share.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

Eastern Asia's soybean oilcake export value continued to decline for the second consecutive year. In 2020, exports amounted to 405 M $ US, down 15.6% from 2019. Between 2017 and 2020, export value fell by 15%, with an average annual decline of 5.3%. The peak was in 2018 at 575 M $ US. The largest decrease of 16.6% occurred in 2019, while the largest increase of 20.8% was recorded in 2018.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	20.8%	(16.6%)	(15.6%)	(5.3%)

Source: SHEV.io

During 2017-2020, key buyers of soybean oilcake from Eastern Asia in value terms included the Netherlands with 7.7% of exports, Denmark with 6.6%, and the United Kingdom with 4.8%. However, their combined share reached only 19.1% of total export value, leaving the remaining 80.9% distributed among numerous other partners.

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

Source: SHEV.io

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

Source: SHEV.io

Imports soybean oilcake to Eastern Asia

Imports in kind, K t

In 2020, Eastern Asia's soybean oilcake imports in kind rose to 3 829 K t, a modest increase of 8.4% compared to 2019. From 2017 to 2020, imports grew by 14.7%, equating to an annualized rate of 4.7%. The largest decline during this period was a slight 0.9% in 2019.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	6.8%	(0.9%)	8.4%	4.7%

Source: SHEV.io

Between 2017 and 2020, Brazil dominated soybean oilcake imports in kind to Eastern Asia, accounting for 56.5% of the total. The United States followed with 8.6%, and India with 5.5%. Together, these three countries formed the main cluster, representing 70.6% 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 Eastern Asia in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

The value of soybean oilcake imports into Eastern Asia reached 1 537 M $ US in 2020, reflecting a moderate rise of 6.1% from 2019. Over the 2017-2020 span, import value increased by 13.6%, with an annualized growth rate of 4.3%. The highest value was recorded in 2018 at 1 553 M $ US. The largest decline of 6.8% occurred in 2019, while the largest increase of 14.8% was in 2018.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	14.8%	(6.8%)	6.1%	4.3%

Source: SHEV.io

From 2017 to 2020, Brazil was the leading partner for soybean oilcake imports in value terms to Eastern Asia, holding 52.7% of the total. The United States accounted for 10.6%, and India for 6.6%. This key group of partners collectively represented 69.9% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io