Market research

Soybean oilcake market in GCC

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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"GCC" region includes following countries:

Bahrain

Qatar

Kuwait

the United Arab Emirates

Oman

Saudi Arabia

Earlier Report Observations

The soybean oilcake market in the GCC region expanded consistently from 1 504 thousand tons in 2018 to 1 970 thousand tons in 2020.

After a slight dip to 1 839 thousand tons in 2021, market volume surged to a peak of 2 134 thousand tons in 2022 before contracting sharply to 1 700 thousand tons 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 GCC
  1. 5.1.1. Annual dynamics of production in GCC 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 Bahrain in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Bahrain 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 Bahrain in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Bahrain 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 Bahrain, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Bahrain 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 Bahrain in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Bahrain 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 Bahrain in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Bahrain 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 Bahrain, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Bahrain 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 Bahrain in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Bahrain 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 Bahrain in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Bahrain 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 Bahrain, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Bahrain 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 Bahrain in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Bahrain 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 Bahrain in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Bahrain 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 Bahrain, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Bahrain 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 GCC

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 2019, soybean oilcake production in GCC reached its peak at 602.4 thousand tons, marking a significant 42.1% increase from the previous year. However, production declined in 2020 to 521.0 thousand tons, representing a 13.5% drop compared to 2019. The lowest production level during the 2017-2020 period was recorded in 2018 at 423.9 thousand tons. Overall, production grew by 12.4% over these four years, with an average annual growth rate of 4.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(8.5%)	42.1%	(13.5%)	4.0%

Source: SHEV.io

In value, 2017-2020, M $ US

Following two consecutive years of growth, soybean oilcake production in GCC experienced a decline in 2020. The production value reached $239.0 million in 2019, showing a substantial 24.1% increase, but fell to $222.3 million in 2020, a 7.0% decrease from the previous year. Despite this recent drop, production value increased by 17.6% over the 2017-2020 period, with an average annual growth rate of 5.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.9%	24.1%	(7.0%)	5.6%

Source: SHEV.io

Exports soybean oilcake from GCC

Exports in kind, K t

After two years of growth, soybean oilcake exports from GCC declined in 2020. Exports peaked in 2019 at 85 thousand tons, representing an 18.4% increase, but fell to 61 thousand tons in 2020, a 28.1% decrease from the previous year. Over the 2017-2020 period, exports decreased by 12.2%, with an average annual decline of 4.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.3%	18.4%	(28.1%)	(4.2%)

Source: SHEV.io

Between 2017 and 2020, Egypt and Sri Lanka were the primary destinations for GCC's soybean oilcake exports in volume terms. Egypt accounted for 1.8% of total export flows, while Sri Lanka represented 0.6%, together comprising 2.4% of total exports.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

Following two years of growth, soybean oilcake exports from GCC declined in 2020. Export value reached $33.7 million in 2019, but fell to $26.1 million in 2020, representing a 22.7% decrease from the previous year. The largest increase occurred in 2018 at 15.0%. Overall, exports decreased by 8.1% over the 2017-2020 period, with an average annual decline of 2.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	15.0%	3.3%	(22.7%)	(2.8%)

Source: SHEV.io

From 2017 to 2020, Egypt, Iraq, and Sri Lanka were the leading buyers of soybean oilcake from GCC in value terms. Egypt accounted for 1.9% of export value, while Iraq and Sri Lanka each represented 0.6%. Together, these three countries comprised 3.0% of total export value.

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

Source: SHEV.io

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

Source: SHEV.io

Imports soybean oilcake to GCC

Imports in kind, K t

Soybean oilcake imports to GCC increased for the second consecutive year in 2020. Imports reached 1,510 thousand tons in 2020, representing a 9.4% increase from 2019. The lowest import volume was recorded in 2018 at 1,152 thousand tons, marking a 22.3% decline from the previous year. The largest increase occurred in 2019 at 19.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(22.3%)	19.8%	9.4%	0.6%

Source: SHEV.io

Between 2017 and 2020, Argentina, the United States, and Brazil were the main sources of soybean oilcake imports to GCC in volume terms. Argentina accounted for 66.6% of imports, the United States for 9.6%, and Brazil for 9.3%. Together, these three countries supplied 85.5% of total imports.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

Soybean oilcake imports to GCC increased for the second consecutive year in 2020. Import value reached $560.3 million in 2020, representing a 1.1% increase from 2019. The lowest import value was recorded in 2018 at $527.9 million, marking a 5.5% decline from the previous year. The largest increase occurred in 2019 at 4.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(5.5%)	4.9%	1.1%	0.1%

Source: SHEV.io

From 2017 to 2020, Argentina, the United States, and Brazil accounted for the largest share of soybean oilcake imports to GCC in value terms. Argentina represented 63.3% of import value, the United States 10.7%, and Brazil 9.7%. Together, these three countries comprised 83.7% of total import value.

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

Source: SHEV.io

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

Source: SHEV.io