What is the price of soyabean oil per kilogram/pound in South Africa today?
The retail price range for South Africa soyabean oil is between US$ 2.92 and US$ 2.92 per kilogram or between US$ 1.32 and US$ 1.32 per pound(lb). Click here to see today's exact prices of soyabean oil in South Africa
The retail price range in Rand for soyabean oil is between ZAR 56.72 and ZAR 56.72 per kilogram or between ZAR 25.72 and ZAR 25.72 per pound(lb) in Johannesburg and Cape Town.
Wholesale prices
In 2024, the approximate wholesale price range for South Africa soyabean oil is between US$ 2.04 and US$ 2.04 per kilogram or between US$ 0.93 and US$ 0.93 per pound(lb).
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South Africa Soyabean Oil Export Prices - Historical, Trends and Prediction
In the years 2015, 2016, 2017, 2018 and 2019, the export prices of Soyabean oil from South Africa were US$ 0.96, US$ 1.03 US$ 0.98, US$ 1.00 and US$ 1.55 per Kg respectively. In 2021, the export price was US$ 1.79 per Kg. For the year 2022 and 2023, the predicted export price is US$ 2.43 per Kg.
The South Africa 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)
South Africa Soyabean Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soyabean oil into South Africa has seen a steady decline over the last five years. In 2011, the price was 1.59 US dollars per kg, and this decreased to 1.61 US dollars per kg in 2012. The price then dropped to 1.28 US dollars per kg in 2013, and further decreased to 1.13 US dollars per kg in 2014. The lowest price was recorded in 2015, when the import price was 0.97 US dollars per kg. The price then increased slightly to 0.96 US dollars per kg in 2016, before rising to 1.03 US dollars per kg in 2017. The price then dropped to 0.98 US dollars per kg in 2018, before increasing to 1.00 US dollars per kg in 2019. The price then rose to 1.03 US dollars per kg in 2020, before increasing to 1.53 US dollars per kg in 2021. The latest data shows that the import price per kilogram of Soyabean oil into South Africa was 1.79 US dollars in 2022. Based on the data, it is predicted that the import price per kilogram of Soyabean oil into South Africa will remain relatively stable in 2023, with a price of around 1.79 US dollars per kg. In 2024, the price is expected to increase slightly to around 1.85 US dollars per kg.Export values for South Africa soyabean oil
The total values in export for soyabean oil in South Africa were US$ 70,671, US$ 50,728, US$ 55,141 and US$ 46,320 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in South Africa: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of soyabean oil in other countries across Africa: Algeria soyabean oil, Angola soyabean oil, Botswana soyabean oil, Burundi soyabean oil, Cameroon soyabean oil, Cape Verde soyabean oil, Central African Republic soyabean oil, Comoros soyabean oil, DRC Congo soyabean oil & Benin soyabean oil.
South Africa soyabean oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 South Africa exported 10,616,949 tonnes of soyabean oil. Across 2019 alone, the demand for South Africa soyabean oil (processed category) has surged, flactuating by 506.369 per cent compared to the year 2018. Between 2017 and 2019, soyabean oil's exports grew by 1.2 percent netting the country US$46.32m for the year 2019. South Africa's soyabean oil exports are categorised as:
- Crude soya-bean oil, whether or not degummed (HS code 150710)
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
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South Africa soyabean oil export values
In 2019, South Africa exported soyabean oil with a value of 46.32m USD, a drop of -16.00% from 2018's total soyabean oil export of 55.141m USD. The annual reduction in value of South Africa soyabean oil between 2017 to 2018 was 8.699 per cent.
The annual variation in the amount of South Africa's soyabean oil exports between 2017 and 2019 was 1.2% compared to a variation of 506.369% in the period between 2018 and 2019.
South Africa's portion of the world's total soyabean oil's exports in 2019 was less than 1%. The country holds number 41 in world exports of soyabean oil.
Export markets for South Africa soyabean oil ( in '000$ )
South Africa's leading destinations for soyabean oil are Zambia, Zimbabwe, Botswana, Swaziland (Eswatini) and Lesotho.
Import/Export Trends
South Africa is a net exporter of soyabean oil. The annual growth of South Africa soyabean oil in value between 2015 to 2019 was -40%, per year, while annual growth in quantity during the same period was -21%, per annum.
South Africa purchased 97,635 tonnes of soyabean oil in 2019.