What is the price of soyabean oil per kilogram/pound in New Zealand today?
The retail price range for New Zealand soyabean oil is between US$ 3.10 and US$ 11.96 per kilogram or between US$ 1.40 and US$ 5.42 per pound(lb). Click here to see today's exact prices of soyabean oil in New Zealand
The retail price range in New Zealand Dollar for soyabean oil is between NZD 4.93 and NZD 19.02 per kilogram or between NZD 2.23 and NZD 8.63 per pound(lb) in Wellington and Auckland.
Wholesale prices
In 2024, the approximate wholesale price range for New Zealand soyabean oil is between US$ 2.17 and US$ 8.37 per kilogram or between US$ 0.98 and US$ 3.80 per pound(lb).
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New Zealand Soyabean Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Soyabean oil from New Zealand over the last five years has seen a steady decline. In 2011, the price was 6.24 US dollars per kg, dropping to 3.37 US dollars per kg in 2012. This trend continued, with the price reaching a low of 0.74 US dollars per kg in 2019. However, the price has since increased, reaching 1.25 US dollars per kg in 2020 and 1.1 US dollars per kg in 2021. The most recent data shows the price at 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 New Zealand will be 1.51 US dollars per kg in 2023 and 1.39 US dollars per kg in 2024.The soyabean oil exports from New Zealand 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)
New Zealand Soyabean Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soyabean oil into New Zealand has seen a steady decline over the last five years. In 2012, the price was 3.37 US dollars per kg, but by 2016, it had dropped to 0.97 US dollars per kg. In 2017, the price remained at 1.00 US dollars per kg, before dropping to 0.94 US dollars per kg in 2018. The lowest price was recorded in 2019, when the import price was 0.74 US dollars per kg. In 2020, the price rose to 1.25 US dollars per kg, before dropping again to 1.10 US dollars per kg in 2021. The latest data shows that the import price per kilogram of Soyabean oil into New Zealand is 1.63 US dollars per kg in 2022. Based on this trend, it is predicted that the import price per kilogram of Soyabean oil into New Zealand will be 1.51 US dollars per kg in 2023 and 1.39 US dollars per kg in 2024.Export values for New Zealand soyabean oil
The total values in export for soyabean oil in New Zealand were US$ 37, US$ 36, US$ 117 and US$ 109 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in New Zealand: 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.
New Zealand soyabean oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of soyabean oil shipped by New Zealand in 2020 was 16 metric tons. In 2019 New Zealand exported 148 tonnes of soyabean oil. Across 2019 alone, the demand for New Zealand soyabean oil (processed category) has escalated, changing by 18.4 % compared to the year 2018. Between 2017 and 2019, soyabean oil's exports grew by 311.11% earning the exporter US$0.11m for the year 2019. New Zealand's soyabean oil exports are classified as:
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
- Crude soya-bean oil, whether or not degummed (HS code 150710)
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New Zealand soyabean oil export values
In 2019, New Zealand shipped soyabean oil valued at 0.11m USD, a reduction of -5.98% from 2018's total soyabean oil export of 0.117m USD. The annual change in value of New Zealand soyabean oil between 2017 to 2018 was 225 per cent.
The annual/yearly variation in the quantity of New Zealand's soyabean oil exports between 2017 and 2019 was 311.11% in comparison to a variation of 18.4% in the period between 2018 and 2019.
Export markets for New Zealand soyabean oil ( in '000$ )
New Zealand's top destinations for soyabean oil are Australia, Fiji, Vanuatu, Tonga and Samoa.
New Zealand bought 13,194 tonnes of soyabean oil in 2019.