What is the price of soyabean oil per kilogram/pound in United Kingdom (UK) today?
The retail price range for United Kingdom (UK) soyabean oil is between US$ 0.97 and US$ 2.91 per kilogram or between US$ 0.44 and US$ 1.32 per pound(lb). Click here to see today's exact prices of soyabean oil in United Kingdom (UK)
The retail price range in British pound sterling for soyabean oil is between GBP 0.78 and GBP 2.34 per kilogram or between GBP 0.35 and GBP 1.06 per pound(lb) in London and Birmingham.
Wholesale prices
In 2024, the approximate wholesale price range for United Kingdom (UK) soyabean oil is between US$ 0.68 and US$ 2.04 per kilogram or between US$ 0.31 and US$ 0.92 per pound(lb).
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United Kingdom (UK) Soyabean Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Soyabean oil from the United Kingdom has seen a steady decline over the last five years. In 2011, the price was 1.52 US dollars per kg, and by 2016, it had dropped to 1.01 US dollars per kg. In 2017, the price rose slightly to 1.06 US dollars per kg, and has remained at that level since then. In 2020, the price spiked to 2.21 US dollars per kg, before dropping back to 1.76 US dollars per kg in 2022. Based on this data, it is likely that the export price per kilogram of Soyabean oil from the United Kingdom will remain around 1.76 US dollars per kg in 2023 and 2024.The soyabean oil exports from United Kingdom (UK) 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)
United Kingdom (UK) Soyabean Oil Import Prices - Historical, Trends and Prediction
Export values for United Kingdom (UK) soyabean oil
The total values in export for soyabean oil in United Kingdom (UK) were US$ 19,891, US$ 27,834, US$ 25,396 and US$ 21,670 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in United Kingdom (UK): 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.
United Kingdom (UK) soyabean oil - Production, Exports, Imports, Seasons and HS Codes
The volume of soyabean oil shipped by United Kingdom (UK) in 2020 was 24,818 tons. In 2019 United Kingdom (UK) shipped 22,597 tonnes of soyabean oil. For the year 2019 alone, the market for United Kingdom (UK) soyabean oil (processed category) has reduced, changing by -6.077 pc compared to the year 2018. Between 2017 and 2019, soyabean oil's exports went down by -14.19% netting the nation US$21.67m for the year 2019. United Kingdom (UK)'s soyabean oil exports are categorised as:
- Crude soya-bean oil, whether or not degummed (HS code 150710)
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
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United Kingdom (UK) soyabean oil export values
In 2019, United Kingdom (UK) supplied soyabean oil valued at 21.67m USD, a drop of -14.67% from 2018's total soyabean oil export of 25.396m USD. The yearly change in value of United Kingdom (UK) soyabean oil between 2017 to 2018 was -8.759 per cent.
The annual variation in the volume of United Kingdom (UK)'s soyabean oil exports between 2017 and 2019 was -14.19 per cent compared to a variation of -6.077% in the period between 2018 and 2019.
United Kingdom (UK)'s share of the world's total soyabean oil's exports in 2019 was less than 1%. United Kingdom (UK) holds position 12 in world exports of soyabean oil.
Export markets for United Kingdom (UK) soyabean oil ( in '000$ )
United Kingdom (UK)'s top destinations for soyabean oil are Ireland, Denmark, France, Cyprus and Spain.
Import/Export Trends
United Kingdom (UK) is a net importer of soyabean oil. The annual growth of United Kingdom (UK) soyabean oil in value between 2015 to 2019 was 14%, per annum, while annual growth in quantity for the same period was 6%, per annum.
United Kingdom (UK) brought in 187,374 tonnes of soyabean oil in 2019.