What is the price of soyabean oil per kilogram/pound in China today?
The retail price range for China soyabean oil is between US$ 5.80 and US$ 6.97 per kilogram or between US$ 2.63 and US$ 3.16 per pound(lb). Click here to see today's exact prices of soyabean oil in China
The retail price range in Yuan Renminbi for soyabean oil is between CNY 40.70 and CNY 48.91 per kilogram or between CNY 18.46 and CNY 22.18 per pound(lb) in Beijing and Shanghai.
Wholesale prices
In 2024, the approximate wholesale price range for China soyabean oil is between US$ 4.06 and US$ 4.88 per kilogram or between US$ 1.84 and US$ 2.21 per pound(lb).
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China Soyabean Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Soyabean oil from China has seen a steady decline over the last five years. In 2012, the price was 1.59 US dollars per kg, which dropped to 1.43 US dollars per kg in 2013. This trend continued until 2020, when the price reached its lowest point of 0.94 US dollars per kg. However, in 2021 the price rose to 1.31 US dollars per kg, and further increased to 1.63 US dollars per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Soyabean oil from China will be 1.45 US dollars per kg in 2023 and 1.77 US dollars per kg in 2024.The China 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)
China Soyabean Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soyabean oil into China has seen a steady decline over the last five years. In 2012, the price was 1.59 US dollars per kg, and by 2016, it had dropped to 1.10 US dollars per kg. This downward trend continued in 2017, when the price was 1.04 US dollars per kg, and in 2018, when it was 0.96 US dollars per kg. In 2019 and 2020, the price remained steady at 0.94 US dollars per kg. However, in 2021, the price increased to 1.31 US dollars per kg, and in 2022, it further increased to 1.63 US dollars per kg. Based on this trend, it is likely that the import price per kilogram of Soyabean oil into China will continue to increase in 2023 and 2024, with an estimated price of 1.95 US dollars per kg and 2.27 US dollars per kg respectively.Export values for China soyabean oil
The total values in export for soyabean oil in China were US$ 93,065, US$ 137,352, US$ 209,608 and US$ 187,102 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in China: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of soyabean oil in other countries across Asia: Kazakhstan soyabean oil, Kyrgyzstan soyabean oil, Tajikistan soyabean oil, Turkmenistan soyabean oil, Uzbekistan soyabean oil, China soyabean oil, Hong Kong soyabean oil, Macao soyabean oil, North Korea soyabean oil & Mongolia soyabean oil.
China soyabean oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 China exported 197,969 tonnes of soyabean oil. For the year 2019 alone, the demand for China soyabean oil (processed category) has decreased, with a change of -9.375 % compared to the year 2018. Between 2017 and 2019, soyabean oil's exports went up by 50.46 percent netting the country US$187.10m for the year 2019. China's soyabean oil exports are categorised as:
- Crude soya-bean oil, whether or not degummed (HS code 150710)
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
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China soyabean oil export values
In 2019, China supplied soyabean oil worth 187.10m USD, a decrease of -10.74% from 2018's total soyabean oil export of 209.608m USD. The yearly reduction in value of China soyabean oil between 2017 to 2018 was 52.606 percent.
The per year change in the amount of China's soyabean oil exports between 2017 and 2019 was 50.46% when compared to a variation of -9.375% in the growth rate between 2018 and 2019.
China's share of the world's total soyabean oil's exports in 2019 was less than 1%. The country holds position 30 in world exports of soyabean oil.
Export markets for China soyabean oil ( in '000$ )
China's best performing destinations for soyabean oil are North Korea, Hong Kong, Venezuela, Malaysia and South Korea.
Import/Export Trends
China is a net importer of soyabean oil. The annual growth of China soyabean oil in value between 2015 to 2019 was -32%, per annum, while annual growth in quantity for the same period was -35%, per annum.
China ordered 825,589 tonnes of soyabean oil in 2019.