Tridge summary
In 2022, the global export of vegetable oils experienced a slight increase of 2% from the previous year, reaching a total of 4.6 million tons. This figure includes a mixed performance across different oil types and regions. Sunflower oil exports saw a 5% decrease, with Turkey being the top importer, while soybean oil exports surged by 12%, primarily to Algeria and Egypt. Rapeseed oil exports also rose by 22%, with China as the dominant buyer. The export of oilseeds increased by 58% year-over-year, led by a 32% rise in soybean exports to China. The export of meals, such as sunflower and soybean meal, also saw a 9% increase, with Latvia, Belarus, and Turkey being the main buyers. However, margarine and mayonnaise exports experienced a slight decline. This summary highlights the varied trends in the global market for vegetable oils and related products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Estimated export of vegetable oils for 2022 amounted to 4.6 million tons, which is 2% higher compared to last year, AgroSmi analysts write. During the reporting period, the volume of export of sunflower oil amounted to about 3 million tons, which is 5% lower than last year. Turkey was the leading importer (0.84 million tons). The export of soybean oil amounted to 588 thousand tons, which is 12% higher than last year. The leaders in the purchase of soybean oil were Algeria (191 thousand tons) and Egypt (107 thousand tons). The export of rapeseed oil in 2022 amounted to 979 thousand tons (+22% compared to the previous year). Slightly more than half of this volume is sent to China. In 2022, according to analysts, the export of oilseeds increased by 58% compared to the level of 2021 and amounted to 3.26 million tons. In particular, the export volume of sunflower seeds amounted to 206 thousand tons, which is 2.2 times higher than last year's export. Almost all seeds (95%) went to the ...
Source: Oilworld
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