What is the price of soyabean oil per kilogram/pound in Barbados today?
The retail price range for Barbados soyabean oil is between US$ 2.65 and US$ 3.84 per kilogram or between US$ 1.20 and US$ 1.74 per pound(lb). Click here to see today's exact prices of soyabean oil in Barbados
The retail price range in Barbados Dollar for soyabean oil is between BBD 5.29 and BBD 7.68 per kilogram or between BBD 2.40 and BBD 3.48 per pound(lb) in Bridgetown and Holetown.
Wholesale prices
In 2024, the approximate wholesale price range for Barbados soyabean oil is between US$ 1.85 and US$ 2.69 per kilogram or between US$ 0.84 and US$ 1.22 per pound(lb).
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Barbados Soyabean Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Soyabean oil from Barbados over the last five years has been relatively stable. In 2017, the price was $1.64, followed by $1.41 in 2018, $1.29 in 2019, $1.60 in 2020, and $1.73 in 2021. The highest price was in 2012 at $2.32, and the lowest was in 2019 at $1.29. Looking ahead, it is likely that the price of Soyabean oil from Barbados will remain relatively stable, with an estimated price of $2.86 in 2022 and $2.93 in 2023, followed by $3.00 in 2024.The exports of soyabean oil from Barbados are classified as:
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
- Crude soya-bean oil, whether or not degummed (HS code 150710)
Barbados Soyabean Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soyabean oil into Barbados over the last five years has been relatively stable. In 2016, the price was 2.59 US dollars per kg, followed by a slight decrease to 1.64 US dollars per kg in 2017. The price then dropped further to 1.41 US dollars per kg in 2018 and 1.29 US dollars per kg in 2019. In 2020, the price increased to 1.60 US dollars per kg, before rising again to 1.73 US dollars per kg in 2021. The most recent data shows that the price has increased to 2.86 US dollars per kg in 2022. Based on the current trend, it is predicted that the import price per kilogram of Soyabean oil into Barbados will remain relatively stable in 2023, with an estimated price of 2.86 US dollars per kg. In 2024, the price is expected to increase slightly to 3.00 US dollars per kg.Export values for Barbados soyabean oil
The total values in export for soyabean oil in Barbados were US$ 1,831, US$ 2,059, US$ 2,427 and US$ 1,831 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Barbados: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of soyabean oil in other countries across Caribbean: Aruba soyabean oil, Bahamas soyabean oil, Barbados soyabean oil, Cuba soyabean oil, Dominican Republic soyabean oil, Grenada soyabean oil, Guadeloupe soyabean oil, Haiti soyabean oil, Jamaica soyabean oil & Martinique soyabean oil.
Barbados soyabean oil - Production, Exports, Imports, Seasons and HS Codes
The volume of soyabean oil exported by Barbados in 2020 was 1,046 tonnes. In 2019 Barbados shipped 1,424 tonnes of soyabean oil. Across 2019 alone, the market for Barbados soyabean oil (processed category) has shrunk, flactuating by -17.497 pc compared to the year 2018. Between 2017 and 2019, soyabean oil's exports grew by 13.56 percent earning the country US$1.83m for the year 2019. Barbados' soyabean oil exports are categorised as:
- Crude soya-bean oil, whether or not degummed (HS code 150710)
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
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Barbados soyabean oil export values
In 2019, Barbados sold soyabean oil valued at 1.83m USD, a drop of -24.60% from 2018's total soyabean oil export of 2.427m USD. The yearly reduction in value of Barbados soyabean oil between 2017 to 2018 was 17.873 per cent.
The annual/yearly variation in the volume of Barbados' soyabean oil exports between 2017 and 2019 was 13.56 pc when compared to a variation of -17.497% in the growth rate between 2018 and 2019.
Barbados' share of the world's total soyabean oil's exports in 2019 was less than 1%. Barbados holds number 66 in world exports of soyabean oil.
Export markets for Barbados soyabean oil ( in '000$ )
Barbados' top destinations for soyabean oil are Trinidad and Tobago, Saint Lucia, Saint Vincent and the Grenadines, Grenada and US.
Barbados brought in 5 tonnes of soyabean oil in 2019.