What is the price of soyabean oil per kilogram/pound in Australia today?
The retail price range for Australia soyabean oil is between US$ 1.43 and US$ 7.72 per kilogram or between US$ 0.65 and US$ 3.50 per pound(lb). Click here to see today's exact prices of soyabean oil in Australia
The retail price range in Australian Dollar for soyabean oil is between AUD 2.15 and AUD 11.61 per kilogram or between AUD 0.97 and AUD 5.27 per pound(lb) in Canberra and Melbourne.
Wholesale prices
In 2024, the approximate wholesale price range for Australia soyabean oil is between US$ 1.00 and US$ 5.40 per kilogram or between US$ 0.45 and US$ 2.45 per pound(lb).
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Australia Soyabean Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Soyabean oil from Australia has seen a steady increase over the last five years. In 2017, the price was 1.16 US $ per kg, and in 2021 it was 1.55 US $ per kg. This represents an increase of 33.62%. The highest price was recorded in 2022, at 2.11 US $ per kg. The lowest price was in 2015, at 1.04 US $ per kg. Based on the current trend, it is predicted that the export price per kilogram of Soyabean oil from Australia will be 1.77 US $ per kg in 2023 and 2.30 US $ per kg in 2024.The exports of soyabean oil from Australia are classified as:
- Crude soya-bean oil, whether or not degummed (HS code 150710)
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
Australia Soyabean Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soyabean oil into Australia has seen a steady increase over the last five years. In 2016, the price was $1.00, followed by a slight increase to $1.16 in 2017. In 2018, the price rose to $1.59, before dropping to $1.10 in 2019. The price then rose again to $1.21 in 2020 and $1.55 in 2021. The most recent data shows that the price has increased to $2.11 in 2022. Looking ahead, it is likely that the import price per kilogram of Soyabean oil into Australia will continue to increase. We predict that the price will reach $2.25 in 2023 and $2.40 in 2024.Export values for Australia soyabean oil
The total values in export for soyabean oil in Australia were US$ 4,587, US$ 3,629, US$ 2,102 and US$ 1,607 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Australia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of soyabean oil in other countries across Oceania: Fiji soyabean oil, French Polynesia soyabean oil, Guam soyabean oil, Micronesia soyabean oil, New Caledonia soyabean oil, Papua New Guinea soyabean oil, Samoa soyabean oil, Solomon Islands soyabean oil, Tonga soyabean oil & Vanuatu soyabean oil.
Australia soyabean oil - Production, Exports, Imports, Seasons and HS Codes
The volume of soyabean oil sold by Australia in 2020 was 581 tonnes. In 2019 Australia exported 1,461 tonnes of soyabean oil. For the year 2019 alone, the market for Australia soyabean oil (processed category) has increased, recording a change of 10.598 per cent compared to the year 2018. Between 2017 and 2019, soyabean oil's exports decreased by -53.25% bringing the country US$1.61m for the year 2019. Australia's soyabean oil exports are classified as:
- Crude soya-bean oil, whether or not degummed (HS code 150710)
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
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Australia soyabean oil export values
In 2019, Australia shipped soyabean oil with a value of 1.61m USD, a decrease of -23.41% from 2018's total soyabean oil export of 2.102m USD. The yearly reduction in value of Australia soyabean oil between 2017 to 2018 was -42.078%.
The annual/yearly change in the amount of Australia's soyabean oil exports between 2017 and 2019 was -53.25 pc when compared to a variation of 10.598% in the growth rate between 2018 and 2019.
Australia's stake of the world's total soyabean oil's exports in 2019 was less than 1%. The country is ranked number 34 in world exports of soyabean oil.
Export markets for Australia soyabean oil ( in '000$ )
Australia's leading export markets for soyabean oil are Indonesia, New Zealand, South Korea, Singapore and China.
Import/Export Trends
Australia is a net importer of soyabean oil. The annual growth of Australia soyabean oil in value between 2015 to 2019 was -24%, per year, while annual growth in quantity during the same period was -21%, per annum.
Australia purchased 22,764 tonnes of soyabean oil in 2019.