Argentina Soybean Oilcake Export Market -- HS Code 2304 Trade Data & Price Trend (Q2 2025)

Argentina Soybean Oilcake Export (HS 2304) Key Takeaways

Argentina's Soybean oilcake exports (HS code 2304) in Q2 2025 were dominated by a low-price bulk product, with Vietnam as the premium-paying top destination amid a sharp quarterly decline driven by macroeconomic pressures. The market is highly concentrated in a single commodity-grade product, leaving little pricing power, while Vietnam's outsized demand highlights its role as a high-value hub. This analysis covers Q2 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 and other solid residues, whether ground or pelleted, resulting from soybean oil extraction. This product is primarily used as a high-protein animal feed ingredient, driving steady global demand due to its cost-effectiveness and nutritional value. The livestock and aquaculture industries are key consumers, ensuring consistent trade flows worldwide.

Current Context and Strategic Position

Global commodity markets remain volatile, influenced by fluctuating soybean yields and shifting feed demand patterns. Argentina's soybean oilcake exports are strategically significant, as the country is a leading producer and exporter of soybean byproducts. With competitive pricing and reliable supply chains, Argentina plays a pivotal role in meeting international feed demand. Monitoring hs code 2304 trade data is essential for stakeholders to navigate market shifts and capitalize on emerging opportunities. Vigilance is particularly critical in Q2 2025, as seasonal production trends and export dynamics evolve.

Argentina Soybean Oilcake Export (HS 2304) Price Trend

Key Observations

Argentina's Soybean oilcake exports, classified under HS code 2304, experienced a significant contraction in the second quarter of 2025. After a strong April performance valued at $1.93 billion, export value plummeted to $731.43 million in May and fell further to $678.02 million in June, indicating a sharp sequential decline to close the quarter.

Price and Volume Dynamics

The Argentina Soybean oilcake Export trend showed strong momentum through the first four months of the year before a dramatic reversal in May. This sudden downturn in the hs code 2304 value trend is likely tied to broader macroeconomic pressures, such as shifting global demand patterns or domestic supply chain adjustments, rather than a single disruptive event. The sequential monthly declines suggest the market was adjusting to new equilibrium conditions, potentially influenced by currency fluctuations or competitive pressures from other major oilseed meal exporters, which weighed on trade flows through the end of Q2.

Argentina Soybean Oilcake Export (HS 2304) HS Code Breakdown

Product Specialization and Concentration

In Q2 2025, Argentina's export of Soybean oilcake under HS Code 2304 is overwhelmingly dominated by a single product variant. According to yTrade data, the sub-code for 'Oil-cake and other solid residues from soya-bean oil extraction' (23040010100) accounts for nearly all exports, with a value share exceeding 99% and a unit price of 1.16 USD per kilogram. A minor variant with a higher unit price of 2.83 USD per kilogram exists but represents only a tiny fraction of trade, making it an isolated anomaly in the data.

Value-Chain Structure and Grade Analysis

The export structure for HS Code 2304 from Argentina consists of two main categories based on quality or processing stage: the dominant bulk commodity form and a rare, higher-value variant. The primary product is a standard, unprocessed residue traded as a fungible bulk good, typical for commodities tied to price indices like soybean markets. The minor high-price product suggests a potential niche for upgraded or specialized grades, but its minimal presence indicates that the trade is largely undifferentiated and volume-driven.

Strategic Implication and Pricing Power

For exporters analyzing HS Code 2304 trade data, the market's heavy reliance on a low-price bulk product means limited pricing power, with competitiveness hinging on cost control and scale. Strategic focus should remain on efficient production and logistics for the mass market, while the high-price anomaly offers a small window for exploring premium segments, though it requires careful investment due to its niche nature.

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

Check Detailed HS Code 2304 Breakdown

Argentina Soybean Oilcake Export (HS 2304) Destination Countries

Geographic Concentration and Dominant Role

Vietnam is the dominant destination for Argentina's Soybean oilcake exports in 2025 Q2. It holds a 13.17% value share and a 14.86% weight share. The higher value share compared to its weight share shows Vietnam pays a premium, suggesting strong demand for higher-protein or specially processed meal used in its intensive livestock and aquaculture sectors.

Destination Countries Clusters and Underlying Causes

The data reveals two clear clusters. A High-Yield cluster includes Italy and Saudi Arabia, where value shares are strong relative to their weight. This points to targeted demand for quality feed ingredients. A Volume cluster contains Malaysia, Poland, Ecuador, the UK, Spain, Indonesia, and Ireland. Their higher weight shares indicate these countries are major hubs for bulk shipments, likely for use in general animal feed production or for re-export within their regions.

Forward Strategy and Supply Chain Implications

For Argentina's Soybean oilcake trade, the strategy should focus on maintaining premium relationships with high-value partners like Vietnam and Italy. For the volume cluster, optimizing logistics for cost-effective bulk shipping is key to securing these large, consistent orders. With no specific trade news announced, these patterns appear driven by steady demand in global protein production.

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

Get Complete Destination Countries Profile

Action Plan for Soybean Oilcake Market Operation and Expansion

• Use hs code 2304 trade data to identify and prioritize high-value buyers like Vietnam and Italy, as their premium payments for quality can directly boost margins for the Argentina Soybean oilcake export sector.
• Analyze the minor, high-price product variant within the export data to explore niche market potential, as developing specialized grades could create a new, higher-margin revenue stream beyond bulk commodity trade.
• Optimize the Soybean oilcake supply chain for cost-effective bulk shipping to volume cluster destinations, securing large, consistent orders by being the most logistically efficient supplier for markets like Malaysia and Indonesia.
• Monitor buyer frequency and order patterns from the hs code 2304 trade data to anticipate demand shifts and adjust production schedules, preventing inventory overstock and ensuring supply meets the steady needs of global feed producers.

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 Q2?

Argentina's Soybean oilcake exports saw a sharp decline in Q2 2025, dropping from $1.93 billion in April to $678.02 million in June. This contraction is likely tied to macroeconomic pressures like shifting global demand or domestic supply chain adjustments rather than a single disruptive event.

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

Vietnam is the dominant destination, holding a 13.17% value share and 14.86% weight share. Other key markets include Italy and Saudi Arabia (High-Yield cluster) and Malaysia, Poland, and Spain (Volume cluster).

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

The price difference stems from two product variants: a bulk commodity (99% share at 1.16 USD/kg) and a rare high-value variant (2.83 USD/kg). High-value destinations like Vietnam pay premiums for specialized meal, while Volume cluster countries focus on bulk shipments.

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

Exporters should prioritize efficient bulk production for the Volume cluster while nurturing premium relationships with High-Yield markets like Vietnam and Italy. The niche high-price variant offers limited but strategic potential.

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

High-Yield buyers (e.g., Vietnam, Italy) can expect stable access to quality feed ingredients, while Volume buyers benefit from cost-effective bulk shipments. The market remains largely undifferentiated, with pricing tied to bulk commodity trends.

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

Soybean oilcake is primarily used as a protein-rich feed ingredient in livestock and aquaculture sectors, with bulk shipments for general feed production and specialized variants for higher-value applications.

Detailed Monthly Report

Argentina HS2304 Export Snapshot 2025 APR

Argentina HS2304 Export Snapshot 2025 MAY

Argentina HS2304 Export Snapshot 2025 JUN