What is the price of soyabean oil per kilogram/pound in US today?
The retail price range for US soyabean oil is between US$ 0.96 and US$ 1.92 per kilogram or between US$ 0.44 and US$ 0.87 per pound(lb). Click here to see today's exact prices of soyabean oil in US
The retail price range in Euro for soyabean oil is between EUR 0.88 and EUR 1.76 per kilogram or between EUR 0.40 and EUR 0.80 per pound(lb) in Washington and New York.
Wholesale prices
In 2024, the approximate wholesale price range for US soyabean oil is between US$ 0.67 and US$ 1.35 per kilogram or between US$ 0.31 and US$ 0.61 per pound(lb).
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US Soyabean Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Soyabean oil from the US has seen a steady decline over the last five years. In 2011, the price was $1.27, dropping to $0.84 in 2015. Since then, the price has remained relatively stable, with a slight increase in 2021 to $1.23, followed by a further increase to $1.60 in 2022. Looking ahead, it is likely that the export price of Soyabean oil will remain relatively stable in the next two years, with a predicted price of $0.79 in 2023 and $1.64 in 2024.The soyabean oil exports from US 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)
US Soyabean Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soyabean oil into the US has seen a steady decline over the past five years. In 2012, the price was $1.21, dropping to $1.12 in 2013. This trend continued, with the price falling to $0.90 in 2014, $0.84 in 2015, and $0.82 in 2016. In 2017, the price rose slightly to $0.83, before dropping again to $0.79 in 2018 and 2019. This year, the price has increased to $0.79, and is expected to rise further to $1.23 in 2021 and $1.60 in 2022. Based on this trend, it is likely that the import price per kilogram of Soyabean oil into the US will continue to rise in the coming years, with an estimated price of $1.65 in 2023 and $1.70 in 2024.Export values for US soyabean oil
The total values in export for soyabean oil in US were US$ 824,688, US$ 883,477, US$ 874,512 and US$ 729,827 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in US: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of soyabean oil in other countries across North America: Canada soyabean oil, US soyabean oil, Anguilla soyabean oil, Antigua and Barbuda soyabean oil, Bermuda soyabean oil, Bonaire, Sint Eustatius and Saba soyabean oil, St.Pierre and Miquelon soyabean oil, United States Minor Outlying Islands soyabean oil, Cayman Islands soyabean oil & Greenland soyabean oil.
US soyabean oil - Production, Exports, Imports, Seasons and HS Codes
The volume of soyabean oil shipped by US in 2020 was 1,238,941 tons. In 2019 US sold 952,005 tonnes of soyabean oil. For the year 2019 alone, the interest in US soyabean oil (processed category) has decreased, with a change of -13.879 pc compared to the year 2018. Between 2017 and 2019, soyabean oil's exports went down by -11 pc earning the exporter US$729.83m for the year 2019. US' soyabean oil exports are classified as:
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
- Crude soya-bean oil, whether or not degummed (HS code 150710)
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US soyabean oil export values
In 2019, US shipped soyabean oil worth 729.83m USD, a contraction of -16.54% from 2018's total soyabean oil export of 874.512m USD. The yearly change in value of US soyabean oil between 2017 to 2018 was -1.015 percent.
The per year variation in the amount of US' soyabean oil exports between 2017 and 2019 was -11 per cent in comparison to a variation of -13.879% in the period between 2018 and 2019.
US' stake of the world's total soyabean oil's exports in 2019 was 5.2 per cent. The country holds position 2 in world exports of soyabean oil.
Export markets for US soyabean oil ( in '000$ )
US' best performing export markets for soyabean oil are South Korea, Mexico, the Dominican Republic, Guatemala and Colombia.
Import/Export Trends
US is a net importer of soyabean oil. The annual growth of US soyabean oil in value between 2015 to 2019 was -11%, per year, while annual growth in quantity during the same period was -18%, per annum.
US brought in 169,932 tonnes of soyabean oil in 2019.