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Agriculture๐Ÿ‡ฆ๐Ÿ‡บ Australia

Australia Soybean Oil Production

โ€“ Soybean Oil Production refers to the total quantity of oil produced from processed soybeans within a country during a specified period, measured in tonnes.

Australia Soybean Oil ProductionThousand Tonnes ยท 2015โ€“2023

86422015: 5.502016: 6.202017: 5.502018: 4.902019: 3.302020: 2.70Trough2021: 4.202022: 6.902023: 7.80Peak20152017201920212023
Source: Our World in DataLast updated: July 2026

What Australia Soybean Oil Production shows

Australia Soybean Oil Production was 7.80 Thousand Tonnes in 2023, up 13% on 2022. The Australia Soybean Oil Production dataset provides a comprehensive assessment of the country's soybean oil manufacturing performance and the development of its edible oil processing industry between 2015 and 2023.

Trend

Rising to a series high

Australia Soybean Oil Production moved from 5.50 Thousand Tonnes in 2015 to 7.80 Thousand Tonnes in 2023 (+41.8%), an average of +4.5% a year. The series high was 7.80 Thousand Tonnes in 2023 and the low 2.70 Thousand Tonnes in 2020.

Volatility

A 65.4% peak-to-trough swing

The gap between the series high (2023) and low (2020) is 5.10 Thousand Tonnes. The sharpest single-year move was +64.3% in 2022.

Structure

Ranks 30 of 34 countries covered

Among the 34 countries in this dataset, Australia ranks 30 for 2023, behind China (17,815 Thousand Tonnes) and U.S. (12,227 Thousand Tonnes). It accounts for 0% of the global total in 2023.

Full series

Australia Soybean Oil Production by year

Complete annual series with year-on-year change. Values are reported in Thousand Tonnes.

Scroll the table sideways to see all columns.

Australia Soybean Oil Production, 2015โ€“2023, Thousand Tonnes.
YearThousand TonnesChange vs prior year
2023Peak 7.80 +13%
2022 6.90 +64.3%
2021 4.20 +55.6%
2020 Trough2.70 โˆ’18.2%
2019 3.30 โˆ’32.7%
2018 4.90 โˆ’10.9%
2017 5.50 โˆ’11.3%
2016 6.20 +12.7%
2015 5.50 โ€”

Regional context

How Australia compares across countries

Soybean Oil Production by country, 2023, Thousand Tonnes. Australia is highlighted.

1China
17,815
2U.S.
12,227
3Brazil
10,891
4Argentina
5,276
5India
2,093
6Mexico
993.8
7Germany
606.5
30Australia
7.80

Data definition

Inclusions and exclusions

Soybean Oil Production โ€” โ€“ Soybean Oil Production refers to the total quantity of oil produced from processed soybeans within a country during a specified period, measured in tonnes. The indicator reflects the scale of soybean processing and edible oil manufacturing and is used to assess agricultural processing capacity, oilseed utilization, and the performance of the vegetable oil industry. The data presented by Our World in Data is based on statistics from the Food and Agriculture Organization (FAO).

Inclusions

The data includes the annual production of soybean oil extracted from soybeans through mechanical pressing and solvent extraction processes. It covers crude and refined soybean oil produced for human consumption, food manufacturing, industrial applications, and export. The figures represent domestic production compiled from official agricultural and food processing statistics and standardized by the FAO to ensure international comparability across countries and years.

Exclusions

The data excludes soybean cultivation and production, soybean meal, biodiesel production, other vegetable oils (such as palm, sunflower, rapeseed, or olive oil), soy-based food products, imports and exports of soybean oil, and stock changes. It also excludes informal or unrecorded production not captured in official agricultural statistics and losses occurring during storage, transportation, or distribution after production.

About this indicator

Soybean Oil Production โ€” โ€“ Soybean Oil Production refers to the total quantity of oil produced from processed soybeans within a country during a specified period, measured in tonnes. The indicator reflects the scale of soybean processing and edible oil manufacturing and is used to assess agricultural processing capacity, oilseed utilization, and the performance of the vegetable oil industry. The data presented by Our World in Data is based on statistics from the Food and Agriculture Organization (FAO).

Measured in Thousand Tonnes, the dataset serves as an important benchmark for evaluating oilseed processing capacity, soybean utilization, agricultural productivity, food manufacturing output, supply chain efficiency, and the overall development of Australia's edible oil sector. Based on the validated data, Australia recorded a fluctuating production trend during the study period, with output declining initially before recovering strongly in the final years. Production increased slightly from 5.50 thousand tonnes in 2015 to 6.20 thousand tonnes in 2016, before declining to 5.50 thousand tonnes in 2017, 4.90 thousand tonnes in 2018, 3.30 thousand tonnes in 2019, and 2.70 thousand tonnes in 2020, the lowest level during the study period. Production then recovered to 4.20 thousand tonnes in 2021, increased significantly to 6.90 thousand tonnes in 2022, and reached a study-period high of 7.80 thousand tonnes in 2023. Overall, the dataset highlights the resilience of Australia's soybean processing industry, demonstrating a strong recovery following several years of declining production. The dataset provides valuable insights into production trends, edible oil manufacturing performance, and agricultural value addition within Australia's soybean processing sector. It supports year-over-year analysis, benchmarking against other soybean oil-producing countries, and evaluation of long-term industry developments. Policymakers, soybean processors, edible oil manufacturers, agricultural producers, exporters, investors, market analysts, and researchers can use the dataset to assess production performance, monitor market trends, identify investment opportunities, forecast future soybean oil output, improve processing efficiency, strengthen supply chain resilience, and support evidence-based strategies that promote sustainable long-term growth across Australia's edible oil and soybean value chain.

Indicator
Soybean Oil Production
Country
Australia
Region
Oceania
Unit
Thousand Tonnes
Coverage
2015โ€“2023, annual
Category
Agriculture
Last updated
July 2026
Source
Our World in Data

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Frequently asked questions

What is Australia Soybean Oil Production?

Definition โ€“ Soybean Oil Production refers to the total quantity of oil produced from processed soybeans within a country during a specified period, measured in tonnes. The indicator reflects the scale of soybean processing and edible oil manufacturing and is used to assess agricultural processing capacity, oilseed utilization, and the performance of the vegetable oil industry. The data presented by Our World in Data is based on statistics from the Food and Agriculture Organization (FAO).

What was Australia Soybean Oil Production in 2023?

Australia Soybean Oil Production was 7.80 Thousand Tonnes in 2023, up 13% on 2022.

How has Australia Soybean Oil Production changed between 2015 and 2023?

Australia Soybean Oil Production moved from 5.50 Thousand Tonnes in 2015 to 7.80 Thousand Tonnes in 2023 (+41.8%), an average of +4.5% a year. The series high was 7.80 Thousand Tonnes in 2023 and the low 2.70 Thousand Tonnes in 2020.

Which year had the highest and lowest Australia Soybean Oil Production?

The highest value was 7.80 Thousand Tonnes in 2023 and the lowest was 2.70 Thousand Tonnes in 2020.

What does the Australia Soybean Oil Production data include and exclude?

Included: The data includes the annual production of soybean oil extracted from soybeans through mechanical pressing and solvent extraction processes. It covers crude and refined soybean oil produced for human consumption, food manufacturing, industrial applications, and export. The figures represent domestic production compiled from official agricultural and food processing statistics and standardized by the FAO to ensure international comparability across countries and years. Excluded: The data excludes soybean cultivation and production, soybean meal, biodiesel production, other vegetable oils (such as palm, sunflower, rapeseed, or olive oil), soy-based food products, imports and exports of soybean oil, and stock changes. It also excludes informal or unrecorded production not captured in official agricultural statistics and losses occurring during storage, transportation, or distribution after production.

Where does the Australia Soybean Oil Production data come from?

The series is sourced from Our World in Data (https://ourworldindata.org/explorers/global-food?time=2023&pickerSort=asc&Food=Soybean+oil&Metric=Production&Per+capita=false&country=USA~DEU~FRA~GBR~BRA~ZAF%3BhideControls). It covers 2015โ€“2023 and is reported in Thousand Tonnes.

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