2025 Argentina Soybean oilcake (HS 2304) Export: Volatility Surge

Key Takeaways

Soybean oilcake, classified under HS Code 2304 (Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of soybean oil), exhibited high volatility from January to September 2025.

• Market Pulse: Exports fluctuated sharply, with a mid-year slump followed by a Q3 rebound after Argentina cut export duties on soybean by-products to 24.5% in July.
• Structural Shift: Argentina Soybean oilcake Export reliance on Vietnam (16.6% of value) creates concentration risk, with bulk shipments indicating price-sensitive demand.
• Product Logic: HS Code 2304 trade data shows 99% dominance of sub-code 23040010100, confirming a commodity-driven market where cost-efficiency trumps product differentiation.

This overview covers the period from January to September 2025 and is based on verified customs data from the yTrade database.

Argentina Soybean Oilcake (HS Code 2304) Key Metrics Trend

Market Trend Summary

The Argentina Soybean oilcake export trend for the first three quarters of 2025 was volatile, with significant month-to-month swings in trade value. After a strong start, exports dropped sharply in March, then rebounded in April before declining again through mid-year, with signs of recovery emerging in August and September.

Drivers & Industry Context

The mid-year slump and subsequent recovery align with Argentina's permanent reduction of export duties on soybean by-products to 24.5% in late July [KPMG]. This policy change improved competitiveness for processors, supporting the rebound in hs code 2304 value during August-September. The temporary 0% duty measure in September excluded HS 2304, making the permanent tax cut the primary driver for the Q3 recovery (KPMG).

Table: Argentina Soybean Oilcake Export Trend (Source: yTrade)

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Argentina HS Code 2304 Export Breakdown

Market Composition & Top Categories

According to yTrade data, Argentina's HS Code 2304 export market for soybean oilcake in the first three quarters of 2025 is overwhelmingly dominated by sub-code 23040010100, accounting for over 99% of both export value and weight. This sub-code, representing oil-cake from soya-bean oil extraction, defines the Argentina HS Code 2304 Export landscape. The remaining sub-codes, including variations like 23040090200 and others, collectively contribute less than 1% of total exports, indicating minimal market fragmentation.

Value Chain & Strategic Insights

Unit prices for these exports range narrowly from 1.04 to 1.41 USD per kilogram, with the dominant sub-code priced at the lower end, reinforcing a commodity-driven market where price sensitivity outweighs quality differentiation. This HS Code 2304 breakdown confirms a bulk trade structure focused on cost-efficiency rather than specialized value-add. For traders, this implies competition hinges on volume and logistics, not product innovation.

Table: Argentina HS Code 2304) Export Breakdown Details (Source: yTrade)

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Argentina Soybean Oilcake Destination Countries

Geographic Concentration & Market Risk

Vietnam dominates Argentina's Soybean oilcake export destinations, accounting for 16.6% of total value in the first three quarters of 2025. This heavy reliance on a single market creates significant exposure to Vietnamese demand shifts or trade policy changes. The next largest partners—Ecuador, Italy, and Saudi Arabia—each hold less than 6% share, underscoring the market's concentrated nature.

Purchasing Behavior & Demand Segmentation

Vietnam's weight ratio (18.8%) exceeds its value share (16.6%), indicating price-sensitive bulk procurement for industrial processing or animal feed production. The high shipment frequency (11.6% of total) relative to other trade partners for Soybean oilcake suggests consistent, large-volume contracts rather than fragmented retail demand. This profile confirms a commodity market driven by volume scale rather than premium margins.

Table: Argentina Soybean Oilcake (HS Code 2304) Top Destination Countries (Source: yTrade)

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Action Plan for Soybean Oilcake Market Operation and Expansion

• Diversify export markets: Reduce reliance on Vietnam by targeting secondary buyers like Ecuador, Italy, or Saudi Arabia to mitigate trade policy risks.
• Lock in short-term contracts: Capitalize on post-duty-cut price competitiveness in Q3 2025 before potential market shifts.
• Optimize logistics costs: Focus on bulk shipping efficiencies for sub-code 23040010100 to maintain margins in a price-sensitive market.
• Monitor Vietnamese trade policies: Track demand shifts or regulatory changes in the dominant market to adjust sourcing or pricing strategies.
• Leverage duty reductions: Align procurement cycles with Argentina’s tax policy updates to maximize cost advantages.

Take Action Now —— Explore Argentina Soybean oilcake HS Code 2304 Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Argentina Soybean oilcake Export in 2025?

Argentina's Soybean oilcake exports saw volatility in 2025, with a mid-year slump and Q3 recovery driven by the permanent reduction of export duties on soybean by-products to 24.5% in late July.

Q2. Who are the main destination countries of Argentina Soybean oilcake (HS Code 2304) in 2025?

Vietnam dominates with 16.6% of export value, followed by Ecuador, Italy, and Saudi Arabia, each holding less than 6% share.

Q3. Why does the unit price differ across destination countries of Argentina Soybean oilcake Export in 2025?

Prices range narrowly (1.04–1.41 USD/kg), with the dominant sub-code (23040010100) priced at the lower end, reflecting a commodity-driven market where bulk trade prioritizes cost-efficiency.

Q4. What should exporters in Argentina focus on in the current Soybean oilcake export market?

Exporters should prioritize volume and logistics efficiency, as the market is price-sensitive and dominated by bulk procurement, with Vietnam being the key high-frequency buyer.

Q5. What does this Argentina Soybean oilcake export pattern mean for buyers in partner countries?

Buyers, especially in Vietnam, benefit from consistent large-volume contracts at competitive prices, but reliance on Argentina exposes them to supply risks from policy or demand shifts.

Q6. How is Soybean oilcake typically used in this trade flow?

Soybean oilcake (HS 2304) is primarily used for industrial processing or animal feed production, given its bulk commodity nature and price-sensitive demand.

Detailed Monthly and Quarterly Report

Argentina HS Code 2304 Export Data Snapshot 2025 JAN

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