Russia Soyabean oil Market Insights
Table of Contents
Russia soyabean oil export quantities
The volume of soyabean oil shipped by Russia in 2020 was 625,377 tons. In 2019 Russia shipped 601,330 tonnes of soyabean oil. Across 2019 alone, the demand for Russia soyabean oil (processed category) has increased, changing by 6.65 pc compared to the year 2018. Between 2017 and 2019, soyabean oil's exports increased by 15.41 pc bringing the exporter US$397.99m for the year 2019. Russia's soyabean oil exports are classified as:
- Crude soya-bean oil, whether or not degummed (HS code 150710)
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
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Russia soyabean oil export values
In 2019, Russia shipped soyabean oil costing 397.99m USD, a drop of -1.91% from 2018's total soyabean oil export of 405.72m USD. The annual reduction in value of Russia soyabean oil between 2017 to 2018 was 3.6 per cent.
The yearly variation in the quantity of Russia's soyabean oil exports between 2017 and 2019 was 15.41 pc in comparison to a variation of 6.65% in the period between 2018 and 2019.
Russia's stake of the world's total soyabean oil's exports in 2019 was less than 1%. The country holds position 63 in world exports of soyabean oil.
Export markets for Russia soyabean oil ( in '000$ )
Russia's best performing destinations for soyabean oil are China, Algeria, Cuba, Iran and Denmark.
Russia imported 50,642 tonnes of soyabean oil in 2019.
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Production of other produce in the Processed category in Russia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea and Black Tea.
See the production 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 and Hungary soyabean oil.