What is the price of soyabean oil per kilogram/pound in Zambia today?
The retail price range for Zambia soyabean oil is between US$ 0.43 and US$ 0.72 per kilogram or between US$ 0.20 and US$ 0.33 per pound(lb). Click here to see today's exact prices of soyabean oil in Zambia
The retail price range in Zambian Kwacha for soyabean oil is between ZMW 8.18 and ZMW 13.63 per kilogram or between ZMW 3.71 and ZMW 6.18 per pound(lb) in Lusaka and Kitwe.
Wholesale prices
In 2024, the approximate wholesale price range for Zambia soyabean oil is between US$ 0.30 and US$ 0.51 per kilogram or between US$ 0.14 and US$ 0.23 per pound(lb).
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Zambia Soyabean Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Soyabean oil from Zambia has seen a steady decline over the last five years. In 2012, the price was 4.20 US dollars per kg, but by 2021, it had dropped to 1.71 US dollars per kg. In 2013, the price was 1.62 US dollars per kg, followed by 0.62 US dollars per kg in 2015. In 2016, the price was 0.57 US dollars per kg, and in 2017, it rose slightly to 0.94 US dollars per kg. In 2018, the price increased to 1.32 US dollars per kg, and in 2019, it dropped to 1.18 US dollars per kg. In 2020, the price rose again to 1.44 US dollars per kg, and in 2021, it increased to 1.71 US dollars per kg. Based on this trend, it is predicted that the export price per kilogram of Soyabean oil from Zambia will be 1.90 US dollars per kg in 2023 and 2.08 US dollars per kg in 2024.The soyabean oil exports from Zambia 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)
Zambia Soyabean Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soyabean oil into Zambia over the last five years has seen a steady decline. In 2017, the price was 0.94 US dollars per kg, followed by 0.57 US dollars per kg in 2016. This downward trend continued in 2015, when the price was 0.62 US dollars per kg. In 2013, the price was 1.62 US dollars per kg, and in 2012, the price was 4.2 US dollars per kg. In the last two years, the import price of Soyabean oil into Zambia has seen an increase. In 2020, the price was 1.44 US dollars per kg, and in 2021, the price was 1.71 US dollars per kg. The most recent data shows that in 2019, the price was 1.18 US dollars per kg. Based on the data, it is likely that the import price of Soyabean oil into Zambia will continue to increase in the next two years. We predict that in 2023, the price will be around 1.90 US dollars per kg, and in 2024, the price will be around 2.10 US dollars per kg.Export values for Zambia soyabean oil
The total values in export for soyabean oil in Zambia were US$ 438, US$ 1,103, US$ 1,297 and US$ 1,106 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Zambia: 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.
Zambia soyabean oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Zambia sold 941 tonnes of soyabean oil. Through 2019 alone, the demand for Zambia soyabean oil (processed category) has gone down, changing by -4.467 per cent compared to the year 2018. Between 2017 and 2019, soyabean oil's exports reduced by -19.71 percent bringing the country US$1.11m for the year 2019. Zambia's soyabean oil exports are categorised as:
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
- Crude soya-bean oil, whether or not degummed (HS code 150710)
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Zambia soyabean oil export values
In 2019, Zambia shipped soyabean oil worth 1.11m USD, a decrease of -14.42% from 2018's total soyabean oil export of 1.297m USD. The annual reduction in value of Zambia soyabean oil between 2017 to 2018 was 17.588 per cent.
The annual/yearly variation in the volume of Zambia's soyabean oil exports between 2017 and 2019 was -19.71 pc compared to a variation of -4.467% in the period between 2018 and 2019.
Export markets for Zambia soyabean oil ( in '000$ )
Zambia's leading destinations for soyabean oil are DRC Congo, Angola, Tanzania, South Africa and Zimbabwe.
Zambia imported 25,784 tonnes of soyabean oil in 2019.