What is the price of soyabean oil per kilogram/pound in Ireland today?
The retail price range for Ireland soyabean oil is between US$ 0.45 and US$ 0.66 per kilogram or between US$ 0.20 and US$ 0.30 per pound(lb). Click here to see today's exact prices of soyabean oil in Ireland
The retail price range in Euro for soyabean oil is between EUR 0.41 and EUR 0.61 per kilogram or between EUR 0.19 and EUR 0.28 per pound(lb) in Dublin and Cork.
Wholesale prices
In 2024, the approximate wholesale price range for Ireland soyabean oil is between US$ 0.31 and US$ 0.46 per kilogram or between US$ 0.14 and US$ 0.21 per pound(lb).
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Ireland Soyabean Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Soyabean oil from Ireland over the last five years has been quite varied. In 2017, the price was 2.66 US $ per kg, the highest of the five years. This was followed by 2019, when the price was 1.64 US $ per kg. In 2020 and 2021, the price was 1.48 US $ per kg, and in 2018, the price was 0.81 US $ per kg. The lowest price of the five years was in 2014, when the price was 0.41 US $ per kg. Based on this data, it is predicted that the export price per kilogram of Soyabean oil from Ireland in 2023 will be 1.45 US $ per kg, and in 2024 will be 0.00 US $ per kg.The Ireland soyabean oil exports are categorised 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)
Ireland Soyabean Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soyabean oil into Ireland has seen a steady increase over the last five years. In 2016, the price was $1.11, followed by a significant jump to $2.66 in 2017. This was followed by a decrease to $0.81 in 2018, before increasing again to $1.64 in 2019. The price then dropped slightly to $1.48 in 2020, before stabilizing at $1.45 in 2021. Looking ahead, it is likely that the import price per kilogram of Soyabean oil into Ireland will remain around the $1.45 mark in 2022. Predicted prices for 2023 and 2024 are $1.45 and $1.45 respectively.Export values for Ireland soyabean oil
The total values in export for soyabean oil in Ireland were US$ 913, US$ 1,023, US$ 2,770 and US$ 2,477 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Ireland: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of soyabean oil in other countries across Europe: Georgia soyabean oil, Albania soyabean oil, Belarus soyabean oil, Bosnia and Herzegovina soyabean oil, Bulgaria soyabean oil, Croatia soyabean oil, Czech Republic soyabean oil, Estonia soyabean oil, Greece soyabean oil & Hungary soyabean oil.
Ireland soyabean oil - Production, Exports, Imports, Seasons and HS Codes
The volume of soyabean oil sold by Ireland in 2020 was 4,998 metric tons. In 2019 Ireland sold 2,927 tonnes of soyabean oil. Across 2019 alone, the demand for Ireland soyabean oil (processed category) has decreased, changing by -5.06 pc compared to the year 2018. Between 2017 and 2019, soyabean oil's exports grew by 167.8 pc bringing the exporter US$2.48m for the year 2019. Ireland's soyabean oil exports are classified as:
- Crude soya-bean oil, whether or not degummed (HS code 150710)
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
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Ireland soyabean oil export values
In 2019, Ireland exported soyabean oil with a value of 2.48m USD, a reduction of -10.47% from 2018's total soyabean oil export of 2.77m USD. The yearly change in value of Ireland soyabean oil between 2017 to 2018 was 170.772 percent.
The yearly change in the amount of Ireland's soyabean oil exports between 2017 and 2019 was 167.8 per cent compared to a variation of -5.06% in the period between 2018 and 2019.
Export markets for Ireland soyabean oil ( in '000$ )
Ireland's best performing destinations for soyabean oil are United Kingdom (UK), United Arab Emirates (UAE), Norway, the Netherlands and Germany.
Import/Export Trends
Ireland is a net exporter of soyabean oil. The annual growth of Ireland soyabean oil in value between 2015 to 2019 was 6%, per annum, while annual growth in quantity was 2%, per annum.
Ireland procured 60,088 tonnes of soyabean oil in 2019.