Argentina Soybean Oilcake Export Market -- HS Code 2304 Trade Data & Price Trend (Apr 2025)

Argentina Soybean Oilcake Export (HS 2304) Key Takeaways

Argentina's Soybean oilcake exports under HS code 2304 surged to $1.93 billion in April 2025, rebounding from March with a 33% value jump despite softer unit prices, signaling strong demand recovery. The market hinges on bulk oil-cake residues, with 99.99% of exports concentrated in a single standardized product, reflecting a commoditized trade. Buyer power is tightly held by frequent, high-volume traders, creating reliance risks, while Vietnam leads destination markets with nearly 15% share, followed by premium buyers like Saudi Arabia. This analysis covers April 2025 and is based on cleanly processed Customs data from the yTrade database.

Argentina Soybean Oilcake Export (HS 2304) Background

What is HS Code 2304?

HS Code 2304 refers to soybean oilcake, a byproduct of soybean oil extraction. It includes solid residues, whether ground or pelleted, primarily used as high-protein animal feed in livestock and poultry industries. Global demand remains stable due to its cost-effectiveness and nutritional value, making it a key commodity in agricultural trade.

Current Context and Strategic Position

While no specific trade policy updates have been announced, Argentina's soybean oilcake exports are influenced by global commodity price trends and domestic production cycles. As one of the world's top soybean producers, Argentina plays a critical role in meeting international demand, particularly from major feed markets like China and the EU. Monitoring Argentina's soybean oilcake export performance under HS Code 2304 is essential for stakeholders navigating supply chain dynamics and competitive pricing pressures. Vigilance is warranted to anticipate shifts in trade flows and market opportunities.

Argentina Soybean Oilcake Export (HS 2304) Price Trend

Key Observations

Argentina's Soybean oilcake exports in April 2025 reached 1.93 billion USD, with a unit price of $0.67 per kg, marking a significant recovery from the previous month's performance. This uptick in the hs code 2304 value trend reflects a robust return to higher export volumes and values.

Price and Volume Dynamics

The Argentina Soybean oilcake Export trend exhibited notable volatility in early 2025, with value dropping to 1.45 billion USD in March before surging to 1.93 billion USD in April. Sequentially, this represents a 33% month-over-month increase in value, driven by a 49% rise in export weight to 2.87 billion kg, while unit prices softened from $0.75 to $0.67 per kg. This pattern aligns with typical seasonal cycles in soybean processing, where post-harvest crushing increases supply, often leading to higher export volumes and competitive pricing. The rebound in April suggests responsive adjustments to global demand shifts, possibly influenced by currency fluctuations or inventory rebuilds in key markets, reinforcing the product's role in animal feed supply chains.

Argentina Soybean Oilcake Export (HS 2304) HS Code Breakdown

Product Specialization and Concentration

According to yTrade data, Argentina's export of HS Code 2304 in April 2025 is highly concentrated, with oil-cake and other solid residues from soya-bean oil extraction under sub-code 23040010100 dominating almost the entire market. This product accounts for 99.99 percent of the export value and weight, with a unit price of 0.67 US dollars per kilogram. A minor anomaly, another variant with the same description but a slightly higher unit price of 0.75 US dollars per kilogram, represents only 0.01 percent of exports and is isolated from the main analysis due to its negligible share.

Value-Chain Structure and Grade Analysis

The non-anomalous exports under Argentina's HS Code 2304 are virtually uniform, consisting solely of bulk oil-cake residues from soya-bean oil extraction. This homogeneity points to a trade in fungible commodities, where products are standardized and likely priced against weight-based market indices rather than differentiated by quality or value-add stages. The tight range in unit prices reinforces that this is a bulk agricultural by-product market with little internal variation.

Strategic Implication and Pricing Power

For players in Argentina's HS Code 2304 export market, the high concentration in a single product type means pricing power is largely influenced by global commodity trends and efficiency in production and logistics. Strategic efforts should focus on optimizing cost structures and ensuring consistent quality to compete effectively in this bulk-oriented trade, rather than pursuing product differentiation.

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

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Argentina Soybean Oilcake Export (HS 2304) Destination Countries

Geographic Concentration and Dominant Role

VIETNAM is the top destination for Argentina's Soybean oilcake exports in April 2025, with a 14.72% value share and 14.86% weight share. The close match between value and weight shares indicates standard bulk trade for this commodity, with shipments likely focused on animal feed markets. Frequency is lower at 9.68%, suggesting fewer but larger consignments, typical for bulk agricultural products.

Destination Countries Clusters and Underlying Causes

The export partners form two main clusters based on share profiles. SAUDI ARABIA and ECUADOR make up a High-Yield Cluster, where value shares exceed weight shares (e.g., Saudi Arabia: 7.59% value vs. 6.71% weight), pointing to demand for higher-grade or processed variants of Soybean oilcake. The Volume Cluster includes countries like ITALY, MALAYSIA, and POLAND, where weight shares dominate slightly, reflecting bulk trade for standard animal feed use. UNITED KINGDOM shows a higher frequency share (5.18%) relative to value (3.88%), indicating more frequent, smaller shipments, possibly for just-in-time supply to feed mills.

Forward Strategy and Supply Chain Implications

For Argentina's Soybean oilcake trade, focus on maintaining premium markets like Saudi Arabia and Ecuador by ensuring quality consistency. Optimize logistics for bulk buyers in the Volume Cluster to reduce shipping costs and enhance competitiveness. Strengthen supply chain resilience for high-frequency destinations like the UK to support steady demand. No specific trade news affects this analysis for April 2025.

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

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Argentina Soybean Oilcake (HS 2304) Buyers Analysis

Buyer Market Concentration and Dominance

According to yTrade data, the Argentina Soybean oilcake Export buyers market in April 2025 is structured into four segments based on purchase value and frequency. The dominant group consists of buyers who make large, frequent purchases, shaping the typical trade for this product. This concentration suggests a market where a few key players drive most of the export activity for hs code 2304 trade data.

Strategic Buyer Clusters and Trade Role

The remaining buyer segments include those with high value but low frequency, low value but high frequency, and low value with low frequency purchases. The dominant cluster's profile points to an intermediated market, where trading companies or large agents handle most transactions for Argentina Soybean oilcake Export. The nature of hs code 2304 buyers indicates that these are often specialized traders rather than end-users, reflecting the commodity's supply chain.

Sales Strategy and Vulnerability

For Argentina's exporters, the buyer structure means focusing on maintaining strong relationships with high-value, frequent buyers to ensure steady sales. The risk lies in over-reliance on a concentrated buyer base, which could be vulnerable to market shifts. Opportunities include exploring diversifying into other buyer segments to reduce dependence. The sales model should prioritize direct engagement with key traders, supported by the lack of specific trade news affecting April 2025 exports.

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Action Plan for Soybean Oilcake Market Operation and Expansion

• Prioritize shipments to high-yield markets like Saudi Arabia and Ecuador by verifying quality certifications, as their higher value share in the hs code 2304 trade data indicates premium demand for Argentina's Soybean oilcake Export.
• Optimize bulk shipping logistics for volume-focused destinations like Italy and Malaysia to reduce per-unit costs, strengthening the Soybean oilcake supply chain for competitive pricing.
• Diversify the buyer base by targeting low-frequency but high-value importers identified in the data, reducing over-reliance on dominant traders and stabilizing export revenue flows.
• Monitor unit price anomalies closely for any emerging quality or grading issues, as consistency is critical for maintaining trust in this commoditized market.
• Strengthen relationships with high-frequency buyers like the UK by offering flexible shipment sizes, ensuring reliable delivery for just-in-time animal feed production needs.

Take Action Now —— Explore Argentina Soybean oilcake Export Data

Frequently Asked Questions

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

Argentina's Soybean oilcake exports surged 33% in value to $1.93 billion in April 2025, driven by a 49% increase in volume (2.87 billion kg) and a seasonal rebound in soybean processing. The unit price dropped to $0.67/kg, reflecting higher supply and competitive pricing in bulk commodity markets.

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

Vietnam is the top destination (14.72% value share), followed by Saudi Arabia (7.59%) and Ecuador (7.59%). These markets form two clusters: High-Yield (premium demand) and Volume (bulk trade).

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

Price differences stem from demand for higher-grade variants in High-Yield Cluster countries (e.g., Saudi Arabia) versus bulk-standard shipments in Volume Cluster markets (e.g., Italy). The dominant sub-code (23040010100) trades uniformly at $0.67/kg.

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

Exporters should prioritize relationships with high-value, frequent buyers (dominant trader clusters) and optimize logistics for bulk markets. Diversifying into premium destinations like Saudi Arabia can mitigate reliance on concentrated buyers.

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

Buyers in High-Yield Cluster countries (e.g., Saudi Arabia) secure higher-grade product, while Volume Cluster buyers benefit from stable bulk supply. The UK’s high-frequency, smaller shipments suggest just-in-time feed mill demand.

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

Soybean oilcake is primarily used as animal feed, traded in bulk as a standardized agricultural by-product. Its uniformity makes it a fungible commodity priced against weight-based market indices.