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

Argentina Soybean Oilcake Export (HS 2304) Key Takeaways

Argentina's soybean oilcake exports under HS Code 2304 in June 2025 were dominated by a high-grade product, with 99.93% of value concentrated in a premium variant priced at $297 per ton. Export values continued a sharp decline, dropping from April's $1.93 billion peak to $678 million, reflecting volatile market conditions. Buyer concentration was high, with major traders driving bulk purchases, while Iran emerged as the top destination, accounting for 11.58% of export value. This analysis, covering June 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 refers to soybean oilcake and other solid residues, whether ground or pelleted, resulting from soybean oil extraction. This product is a key protein-rich feed ingredient for livestock and poultry industries, driving consistent global demand due to its cost-effectiveness and nutritional value. Its trade is closely tied to agricultural commodity cycles and feed industry requirements.

Current Context and Strategic Position

Global soybean oilcake trade remains influenced by fluctuating commodity prices and shifting feed demand patterns. Argentina, as a top global exporter of soybean oilcake, plays a critical role in meeting international demand, particularly from Asia and Europe. Monitoring Argentina's soybean oilcake export trends under HS Code 2304 is essential for stakeholders navigating supply chain dynamics and pricing shifts. With no major policy disruptions reported, market participants must stay vigilant to production forecasts and trade flow adjustments.

Argentina Soybean Oilcake Export (HS 2304) Price Trend

Key Observations

The Argentina Soybean oilcake Export trend for June 2025 closed at $678.02 million, reflecting a substantial contraction in export value compared to earlier in the year.

Price and Volume Dynamics

This performance continues a sharp downward trajectory from April's peak of $1.93 billion, with sequential declines of over 60% in May and a further slight drop in June. The hs code 2304 value trend suggests heightened volatility, potentially driven by seasonal factors such as post-harvest supply reductions following Argentina's typical soybean processing cycle in early 2025. Broader macro-economic influences, including currency movements or shifts in global animal feed demand, may have exacerbated this trend, underscoring the sensitivity of commodity exports to external market conditions.

Argentina Soybean Oilcake Export (HS 2304) HS Code Breakdown

Product Specialization and Concentration

In June 2025, Argentina's export of soybean oilcake under HS Code 2304 is overwhelmingly dominated by one product type. According to yTrade data, the sub-code 23040010100, described as oil-cake and solid residues from soya-bean oil extraction, accounts for nearly all export value at 99.93%, despite handling 97.45% of the quantity. This indicates a high unit price of approximately 297 USD per metric ton, suggesting a specialized, high-grade product. A minor sub-code, 23040090200, with the same description but only 0.07% value share and a much lower unit price around 7.50 USD per ton, is isolated as an anomaly, likely representing a low-value by-product or error in classification.

Value-Chain Structure and Grade Analysis

The market structure for Argentina's HS Code 2304 exports shows a clear split into two categories based on value and grade. The primary category is high-value, processed soybean oilcake, which dominates trade and implies a focus on quality-specific outputs rather than uniform commodities. The anomalous low-value code suggests possible residual or lower-grade materials, but its minimal presence means the trade is essentially centered on a single, differentiated product grade. This structure points to exports being tied to specific quality standards rather than fungible bulk trading, with prices likely influenced by product specifications and end-use demands.

Strategic Implication and Pricing Power

The high concentration in a premium product under HS Code 2304 gives Argentine exporters strong pricing power, as buyers depend on consistent quality. Strategic focus should remain on maintaining and certifying high-grade standards to leverage this position. Analysis of HS Code 2304 trade data confirms that market players can command better margins by emphasizing product differentiation over volume, reducing vulnerability to commodity price swings. For importers, sourcing from Argentina requires attention to grade specifications to ensure value alignment.

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

IRAN is the dominant destination for Argentina's Soybean oilcake exports in June 2025, accounting for 11.58% of the total export value and 11.26% of the quantity. The slight difference between value and quantity shares suggests a minor inclination towards higher-quality or processed variants, but overall, the trade remains bulk-oriented, typical for a commodity like soybean oilcake under HS Code 2304. Frequency share for IRAN is 8.80%, indicating steady, large-volume shipments rather than fragmented transactions.

Destination Countries Clusters and Underlying Causes

The top destinations can be grouped into two clusters based on trade patterns. The Bulk Buyers cluster includes IRAN, TURKEY, and INDONESIA, which together represent high quantity shares (over 8% each), pointing to their role as major consumers or processors of animal feed. The High-Frequency cluster is led by VIETNAM, with a frequency share of 10.40% despite lower volume and value shares, suggesting regular, smaller shipments that likely support just-in-time supply chains in the regional animal feed industry. Other countries like the UK and POLAND show balanced shares, indicating stable, moderate demand.

Forward Strategy and Supply Chain Implications

For Argentina's Soybean oilcake export strategy, focusing on maintaining strong ties with bulk buyers like IRAN and TURKEY is key to leveraging volume-driven trade. Enhancing logistics for high-frequency destinations such as VIETNAM could optimize supply chain efficiency, potentially reducing costs for smaller, frequent shipments. With no major trade news affecting June 2025, the emphasis should remain on reliable delivery and exploring minor value-added opportunities within HS Code 2304 markets to sustain competitiveness.

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

In June 2025, the Argentina Soybean oilcake Export buyers were divided into four segments based on purchase value and frequency. According to yTrade data, the cluster with high value and high frequency transactions held the largest share of trade value. This group defines the typical trade pattern for hs code 2304 trade data, indicating a market where regular, substantial purchases are common.

Strategic Buyer Clusters and Trade Role

The dominant cluster for Argentina Soybean oilcake Export likely involves large trading firms or agribusinesses, pointing to an intermediated market. The remaining clusters, including those with high value but low frequency or low value but high frequency, serve roles like occasional bulk buying or smaller consistent orders. The profile of HS code 2304 buyers suggests that intermediaries play a central role in moving this commodity.

Sales Strategy and Vulnerability

For Argentina, the buyer structure calls for a strategic focus on nurturing relationships with high-value high-frequency buyers to secure steady export flows. The main risk is dependence on a few major players, while opportunities may arise from engaging other segments to diversify. The sales approach should emphasize direct dealings with key traders to reduce vulnerability and capitalize on market stability.

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Action Plan for Soybean Oilcake Market Operation and Expansion

• Prioritize high-value, high-frequency buyers identified in the hs code 2304 trade data to secure stable revenue and reduce dependency on volatile segments within the Argentina Soybean oilcake Export market.
• Certify and promote the premium quality of the dominant product grade (23040010100) to justify price premiums and strengthen Argentina's position as a reliable, high-standard supplier in the global Soybean oilcake supply chain.
• Optimize logistics for bulk shipments to major destinations like Iran and Turkey, while developing cost-effective solutions for high-frequency, smaller buyers like Vietnam to enhance overall Soybean oilcake supply chain efficiency.
• Use hs code 2304 trade data to monitor and quickly address any anomalies or shifts in buyer behavior or geographic demand, ensuring proactive adjustments to maintain export competitiveness and market share.

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 June?

The sharp decline in export value from April's peak of $1.93 billion to $678.02 million in June reflects seasonal post-harvest supply reductions and potential macroeconomic factors like currency shifts or global demand fluctuations.

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

IRAN dominates with 11.58% of export value, followed by TURKEY and INDONESIA, forming a bulk-buyer cluster, while VIETNAM leads in high-frequency shipments (10.40% frequency share).

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

The price gap stems from Argentina's focus on high-grade soybean oilcake (sub-code 23040010100 at ~297 USD/ton), with minimal low-value by-products (23040090200 at ~7.50 USD/ton) skewing averages.

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

Exporters should prioritize relationships with high-value, high-frequency buyers (like major agribusinesses) and optimize logistics for frequent smaller shipments to markets like VIETNAM to diversify reliance on bulk buyers.

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

Bulk buyers (e.g., IRAN, TURKEY) benefit from stable large-volume supply, while high-frequency importers (e.g., VIETNAM) gain flexibility but must align with Argentina's premium product standards to ensure value.

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

Soybean oilcake (HS Code 2304) is primarily processed into animal feed, leveraging its high-protein content for livestock and poultry nutrition in importing countries.