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

Argentina Soybean Oilcake Export (HS 2304) Key Takeaways

Argentina's Soybean oilcake exports under HS code 2304 surged to $1.74 billion in January 2025, driven by strong global demand for bulk animal feed. The market is highly concentrated, with Vietnam dominating as the top destination, accounting for over 15% of shipments by value and weight. Product specialization is extreme, with 99% of exports tied to standard-grade soya-bean oilcake residues priced at $0.66/kg. Buyer data remains incomplete, but stable trade policies suggest a focus on maintaining high-volume flows to key markets. This analysis, covering January 2025, 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 covers soybean oilcake and other solid residues, whether ground or pelleted, resulting from soybean oil extraction. Primarily used as high-protein animal feed, this product is a key input for livestock and aquaculture industries globally. Its demand remains stable due to its cost-effectiveness and nutritional value, making it a critical commodity in agricultural trade.

Current Context and Strategic Position

In 2025, Argentina's soybean oilcake exports under HS Code 2304 accounted for $9.2 billion, representing 15% of the country's total exports [FreightAmigo]. While no new export duties were imposed on this product in January 2025, Argentina later introduced a temporary 0% export duty rate for select goods, though HS 2304 was not explicitly included [KPMG]. Argentina's dominance in soybean oilcake exports underscores its strategic role in global feed markets, but traders should monitor policy shifts closely, given the country's evolving trade landscape.

Argentina Soybean Oilcake Export (HS 2304) Price Trend

Key Observations

Argentina's Soybean oilcake exports under HS code 2304 reached 1.74 billion USD in January 2025, reflecting a robust start to the year for this key agricultural product.

Price and Volume Dynamics

The Argentina Soybean oilcake Export trend shows strong value performance in January, likely driven by sustained global demand for animal feed ingredients. This aligns with typical post-harvest export cycles, where soybean products from Argentina often see elevated shipments following the main harvest period, suggesting momentum from late 2024 carried into the new year.

External Context and Outlook

The hs code 2304 value trend is supported by its role as a major export commodity, historically representing a significant share of Argentina's agricultural trade [FreightAmigo]. While no specific policy changes affected January exports, broader factors like currency stability and consistent demand from key import markets likely contributed to the steady performance, with outlook tied to global feed demand cycles.

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 January 2025 is almost entirely concentrated on sub-code 23040010100, which covers oil-cake and other solid residues from soya-bean oil extraction. This sub-code holds over 99 percent of the value and weight shares, with a unit price of 0.66 USD per kilogram, indicating a highly specialized and dominant product flow without significant price anomalies.

Value-Chain Structure and Grade Analysis

The remaining sub-codes, such as 23040090200 with a minimal share, represent similar oil-cake residues but at a slightly lower unit price of 0.61 USD per kilogram. This structure points to a market dealing primarily in fungible bulk commodities, where products are largely undifferentiated and likely tied to global commodity indices rather than value-added processing.

Strategic Implication and Pricing Power

For players in Argentina's HS Code 2304 export market, the extreme concentration means limited pricing power, as competition revolves around volume and cost efficiency rather than product differentiation. Strategic focus should be on optimizing supply chain logistics and monitoring commodity price trends to maintain competitiveness.

Check Detailed HS Code 2304 Breakdown

Argentina Soybean Oilcake Export (HS 2304) Destination Countries

Geographic Concentration and Dominant Role

Vietnam is the clear top destination for Argentina's Soybean oilcake exports in January 2025. It holds a 15.37% value share and a 15.30% weight share, showing a balanced demand for bulk shipments. This strong position is further supported by the highest shipment frequency at 9.26%.

Destination Countries Clusters and Underlying Causes

The data reveals two distinct clusters among the other buyers. The first is a volume cluster including Indonesia, Italy, and Turkey. Each holds a value share between 6.60% and 7.60%, closely matching their weight shares. This indicates stable, bulk purchases of standard-grade meal for animal feed. The second is a transactional cluster led by Chile. It has a notably high frequency share of 11.80% but a lower weight share of 4.64%, suggesting a pattern of smaller, more frequent shipments, potentially for specialized feed blends or just-in-time supply to its aquaculture industry.

Forward Strategy and Supply Chain Implications

Argentina's Soybean oilcake export strategy should prioritize securing its bulk supply chain to Vietnam while leveraging its high-frequency trade relationship with Chile. For other partners, maintaining consistent quality for bulk animal feed is key. The broader context confirms that agriculture drives over half of Argentina's exports, with HS Code 2304 being a major component, valued at approximately $9.2 billion (FreightAmigo). This underscores the product's critical role in the national export economy and the need for reliable logistics to serve these key markets.

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

Get Complete Destination Countries Profile

Argentina Soybean Oilcake (HS 2304) Buyers Analysis

Buyer Market Concentration and Dominance

The provided buyer cluster data for Argentina Soybean oilcake Export in January 2025 is incomplete or not available from yTrade data. Without this data, it is not possible to determine the market structure, identify dominant buyer segments, or define the typical trade characteristics for this period. Please provide the complete buyer categorization data to proceed with a factual analysis of the four segments of buyers.

Strategic Buyer Clusters and Trade Role

Due to the missing buyer cluster data, the strategic roles and commercial personas of buyers for Argentina Soybean oilcake Export cannot be interpreted. In general, for commodity exports like hs code 2304, buyers often include large trading firms or end-users, but specific insights require the yTrade data on value and frequency segments.

Sales Strategy and Vulnerability

For Argentina's Soybean oilcake Export, the news_context indicates that hs code 2304 remains a major export, valued at approximately $9.2 billion and accounting for 15% of Argentina's exports, with no new export duties imposed in January 2025 [FreightAmigo]. This suggests a stable environment, so sales strategy should prioritize maintaining high-volume shipments to key markets, while monitoring for any policy changes that could affect trade flows later in the year.

Check Full Soybean oilcake Buyer lists

Action Plan for Soybean Oilcake Market Operation and Expansion

Strategic Supply Chain Overview

Argentina's Soybean oilcake Export is a bulk commodity trade. Its price is driven by global soybean indices and logistics costs. The hs code 2304 trade data shows extreme product concentration. This results in minimal pricing power for exporters. The Soybean oilcake supply chain must prioritize volume efficiency and cost control. Key markets like Vietnam demand large, consistent shipments. High-frequency partners like Chile require agile logistics. Geopolitical stability currently supports trade, but this requires monitoring.

Action Plan: Data-Driven Steps for Soybean oilcake Market Execution and Expansion

• Use hs code 2304 trade data to track Vietnam's monthly import volumes. This will help anticipate demand spikes and secure shipping capacity early, avoiding freight cost surges.
• Analyze shipment frequency data for partners like Chile. Schedule smaller, regular consignments to match their buying patterns, ensuring customer retention and stable revenue.
• Monitor unit price differences between sub-codes like 23040010100 and 23040090200. Adjust sales offers to maximize margin on higher-priced codes where possible, improving overall profitability.
• Set alerts for policy changes in Argentina affecting agricultural exports. Rapid response to new duties or quotas will protect margins and supply chain continuity.
• Benchmark logistics performance against major competitors in Southeast Asia and Europe. Identify and adopt best practices in bulk shipping to reduce costs and enhance reliability for key buyers.

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 January?

Argentina's Soybean oilcake exports in January 2025 reflect strong global demand for animal feed, with a value of 1.74 billion USD. The trend aligns with post-harvest export cycles, indicating sustained momentum from late 2024.

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

Vietnam dominates with a 15.37% value share, followed by Indonesia, Italy, and Turkey (6.60%-7.60% each). Chile stands out for high shipment frequency (11.80%) but lower volume.

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

The price difference stems from the dominance of sub-code 23040010100 (99% share at 0.66 USD/kg). Minor sub-codes like 23040090200 trade at 0.61 USD/kg, reflecting undifferentiated bulk commodity pricing.

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

Exporters should prioritize supply chain efficiency for bulk shipments to Vietnam while leveraging high-frequency trade with Chile. Monitoring global commodity trends is critical due to limited pricing power.

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

Buyers in Vietnam benefit from stable bulk supply, while Chilean importers gain flexibility with frequent, smaller shipments. Other markets receive standardized feed-grade product.

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

Soybean oilcake is primarily used as animal feed, especially in poultry and livestock industries, due to its high protein content from soybean oil extraction residues.