Market research

Soybean oilcake market in Western Asia

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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"Western Asia" region includes following countries:

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 soybean oilcake market in Western Asia expanded consistently from 5.9 million tons in 2018 to 6.6 million tons in 2020.

After a drop to 5.6 million tons in 2021, volume surged to a peak of 7.5 million tons in 2022, aligning with reported peak consumption in the Asia-Pacific region driven by strong demand from food processing and animal feed sectors.

The market adjusted to 7.0 million tons in 2023, reflecting a stabilization phase. By 2024, regional dynamics continued to be influenced by technological advancements in oil extraction and global supply chain factors.

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 Western Asia
  1. 5.1.1. Annual dynamics of production in Western 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 Azerbaijan in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Azerbaijan 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 Azerbaijan in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Azerbaijan 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 Azerbaijan, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Azerbaijan 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 Azerbaijan in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Azerbaijan 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 Azerbaijan in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Azerbaijan 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 Azerbaijan, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Azerbaijan 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 Azerbaijan in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Azerbaijan 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 Azerbaijan in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Azerbaijan 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 Azerbaijan, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Azerbaijan 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 Azerbaijan in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Azerbaijan 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 Azerbaijan in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Azerbaijan 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 Azerbaijan, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Azerbaijan 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 Western 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 Western Asia, soybean oilcake production reached 2 381 K t in 2020, marking a 9.1% increase compared to the previous year. Over the 2017-2020 period, production grew by 29.7%, with an average annual growth rate of 9.1%. The most significant decline occurred in 2019, when production fell by 1.0%, while the largest increase was recorded in 2018 at 20.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	20.1%	(1.0%)	9.1%	9.1%

Source: SHEV.io

Exports soybean oilcake from Western Asia

Exports in kind, K t

Soybean oilcake exports from Western Asia showed notable fluctuations during this period. The lowest point was in 2018, with exports of 132 K t, representing a 73.8% decline. By 2020, exports had surged to 548 K t, a 250.3% increase from the previous year. Overall, exports varied by 4.2 times from the 2018 trough to the 2020 peak.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(73.8%)	18.5%	250.3%	2.9%

Source: SHEV.io

From 2017 to 2020, the United States, Iran, and Turkmenistan were the three principal markets for soybean oilcake exports from Western Asia, collectively accounting for 8.1% 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 Western Asia in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

After two years of growth, soybean oilcake exports from Western Asia declined in 2020, reaching 233 M $ US, which was 4.8% lower than the previous year. The highest value was recorded in 2019 at 245 M $ US, following a 13.9% increase in 2018. Over the 2017-2020 period, exports increased by 12.2%, with an average annual growth rate of 3.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	13.9%	3.5%	(4.8%)	3.9%

Source: SHEV.io

During 2017-2020, the United States, Turkmenistan, and Iran remained the top buyers of soybean oilcake from Western Asia in value terms. The United States accounted for 6.8% of exports, while Turkmenistan and Iran each contributed 1.6%. Together, these three markets represented 10.0% 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 Western Asia in value, 2017-2020

Source: SHEV.io

Imports soybean oilcake to Western Asia

Imports in kind, K t

Soybean oilcake imports into Western Asia increased for the second consecutive year in 2020, reaching approximately 4 800 K t, a solid 13.4% improvement compared to 2019. The lowest volume was recorded in 2018 at 3 801 K t, which saw a 15.3% decline. Over the 2017-2020 period, imports grew by 7%, with an average annual increase of 2.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(15.3%)	11.4%	13.4%	2.3%

Source: SHEV.io

From 2017 to 2020, Argentina, the United States, and Brazil were the leading sources of soybean oilcake imports into Western Asia in volume terms. Argentina dominated with 67.9% of imports, followed by the United States at 5.3% and Brazil at 5.2%. Combined, these three countries accounted for 78.4% 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 Western Asia in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

In 2020, soybean oilcake imports into Western Asia amounted to 1 867 M $ US, a 14.5% increase from the previous year. The lowest value was recorded in 2019 at 1 631 M $ US, which experienced a 2.9% decline. Over the 2017-2020 period, imports increased by 11.4%, with an average annual growth rate of 3.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.1%	(2.9%)	14.5%	3.6%

Source: SHEV.io

During 2017-2020, Argentina, the United States, and Brazil formed the main cluster of markets for soybean oilcake imports into Western Asia in value terms. Argentina led with 66.2% of imports, while the United States accounted for 5.7% and Brazil for 5.4%. Together, these three countries represented 77.4% 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 Western Asia in value, 2017-2020

Source: SHEV.io