Argentina Soybean Oilcake Export Market -- HS Code 230400 Trade Data & Price Trend (Jun 2025)

Argentina Soybean Oilcake Export (HS 230400) Key Takeaways

Argentina’s soybean oilcake exports under HS Code 230400 in June 2025 were dominated by bulk-grade soya-bean oilcake, with over 99% of value concentrated in a single sub-code, reflecting a commodity-driven market. Export values plummeted to $678 million, continuing a sharp decline from earlier in the year. Iran emerged as the top destination, paying a premium for higher-grade variants, while Turkey and Vietnam anchored volume-driven demand. The market’s high concentration in both product and buyer profiles underscores pricing power but also vulnerability to commodity swings. This analysis, covering June 2025, is based on cleanly processed customs data from the yTrade database.

Argentina Soybean Oilcake Export (HS 230400) Background

What is HS Code 230400?

HS Code 230400 refers to oil-cake and other solid residues of soya-bean, commonly known as soybean oilcake. This product is a key byproduct of soybean oil extraction, primarily used as a high-protein animal feed ingredient in livestock and poultry industries. Its global demand remains stable due to its cost-effectiveness and nutritional value in feed formulations.

Current Context and Strategic Position

Global commodity markets continue to experience volatility, driven by fluctuating soybean supply and demand dynamics. Argentina, as one of the world's top soybean producers, plays a critical role in the soybean oilcake export market, leveraging its robust agricultural sector to meet international demand. The country's strategic position is further reinforced by its competitive pricing and established trade networks. Monitoring Argentina's soybean oilcake export trends under HS Code 230400 is essential for stakeholders navigating this dynamic market.

Argentina Soybean Oilcake Export (HS 230400) Price Trend

Key Observations

Argentina's Soybean oilcake export value for June 2025 fell sharply to $678.02 million USD. This represents a significant sequential decline in the Argentina Soybean oilcake Export trend for the first half of the year.

Price and Volume Dynamics

The hs code 230400 value trend shows a clear downward trajectory from April's $1.93 billion. The market slowdown through May and June reflects typical adjustments in agricultural commodity flows, likely tied to shifting global demand patterns or logistical pacing rather than a single disruptive event. This sequential softening suggests a period of market recalibration following stronger early-year performance.

Argentina Soybean Oilcake Export (HS 230400) HS Code Breakdown

Product Specialization and Concentration

In June 2025, Argentina's export under HS Code 230400 shows extreme concentration in a single product variant, based on yTrade data. The sub-code 23040010100, for oil-cake and other solid residues from soya-bean oil extraction, dominates with over 99% of the export value and 97% of the quantity shipped. This high share indicates a specialized focus on this specific grade, with the minor sub-code 23040090200 accounting for less than 1% of value, effectively isolated as an anomaly in the market structure.

Value-Chain Structure and Grade Analysis

The market structure for Argentina's HS Code 230400 export is characterized by a primary bulk commodity segment, with the dominant sub-code representing the standard, high-volume product likely traded as a fungible good tied to commodity indices. The negligible presence of the other sub-code, despite identical description, suggests it may be a residual or low-volume specialty variant, but overall, the trade aligns with undifferentiated, bulk agricultural by-products rather than value-added goods.

Strategic Implication and Pricing Power

This concentration implies that exporters under Argentina's HS Code 230400 have significant pricing power due to scale and specialization, but are vulnerable to commodity price fluctuations. Market players should focus on optimizing production and logistics for the dominant bulk product, while monitoring minor variants for niche opportunities. Analyzing HS Code 230400 trade data reveals a market where volume-driven strategies dominate, with limited differentiation.

Check Detailed HS Code 230400 Breakdown

Argentina Soybean Oilcake Export (HS 230400) Destination Countries

Geographic Concentration and Dominant Role

Argentina's soybean oilcake exports in June 2025 were led by Iran, which accounted for 11.58% of the total export value. This market structure shows a notable concentration, with the top three destinations—Iran, Turkey, and Vietnam—collectively representing over 31% of the total export value. A key disparity exists for Iran, where its value share (11.58%) significantly outpaces its quantity share (11.26%), indicating a demand for higher-grade or processed variants of the meal. This pattern suggests Iranian buyers are paying a premium per kilogram, likely for specialized animal feed formulations.

Destination Countries Clusters and Underlying Causes

The importers form three clear clusters based on their purchasing patterns. The High-Yield Cluster includes the United Kingdom and Poland, where value shares (7.05% and 6.97%) are higher than their quantity shares (6.84% and 6.65%). This points to a focus on premium, value-added products. The Volume Cluster is led by Turkey and Vietnam, which show nearly identical value and quantity shares, indicating a stable trade in bulk, standard-grade meal for their large livestock sectors. Finally, a Transactional Cluster features Vietnam and Iran, which have the highest shipment frequencies. This high frequency, especially for a bulk commodity, suggests a supply chain built on regular, smaller shipments to ensure consistent feed mill operations.

Forward Strategy and Supply Chain Implications

For Argentina's soybean oilcake trade, the strategy should focus on two fronts. First, the high-value markets like the UK and Poland offer opportunities for increased margins by supplying more processed, specialized meal products. Second, the volume-driven relationships with Turkey and Vietnam are the backbone of export stability; optimizing logistics and securing long-term contracts here will protect bulk volume flows. The high shipment frequency to partners like Vietnam requires reliable shipping schedules to maintain their just-in-time operations. No specific trade news or policy was announced that would alter these dynamics for June 2025.

Table: Argentina Soybean Oilcake (HS 230400) Top Destination Countries (Source: yTrade)

Get Complete Destination Countries Profile

Action Plan for Soybean Oilcake Market Operation and Expansion

• Use hs code 230400 trade data to identify and target premium buyers in markets like the UK and Poland with specialized, higher-grade meal to capture better margins for the Argentina Soybean oilcake Export, because their purchasing patterns show a clear willingness to pay more for value-added products.
• Secure long-term contracts with high-volume partners like Turkey and Vietnam to ensure stable bulk sales volume, as this forms the reliable foundation of the Argentina Soybean oilcake Export and protects against commodity price swings.
• Optimize the Soybean oilcake supply chain for frequent, smaller shipments to partners like Vietnam to support their just-in-time operations, because maintaining a reliable shipping schedule is critical to retaining these high-frequency buyers.
• Monitor the minor product variants within the hs code 230400 trade data for niche export opportunities, as this can provide a valuable hedge and diversify the Argentina Soybean oilcake Export portfolio beyond the dominant bulk commodity.

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?

Argentina's soybean oilcake exports fell sharply to $678.02 million in June 2025, continuing a downward trend from April's $1.93 billion. This reflects a market recalibration tied to shifting global demand patterns rather than a single disruptive event.

Q2. Who are the main destination countries of Argentina Soybean oilcake (HS Code 230400) 2025 June?

Iran led with 11.58% of export value, followed by Turkey and Vietnam, which collectively accounted for over 31% of Argentina's total soybean oilcake exports in June 2025.

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

Price differences stem from varying demand for product grades. Iran and the UK pay premiums for higher-grade meal, while Turkey and Vietnam trade bulk, standard-grade variants at stable prices.

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

Exporters should prioritize high-value markets (e.g., UK, Poland) for premium products while securing long-term bulk contracts with volume-driven partners like Turkey and Vietnam to stabilize trade flows.

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

Buyers in Iran and the UK gain access to specialized, higher-value meal, while volume-focused markets like Turkey and Vietnam benefit from consistent bulk supply to support livestock sectors.

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

Soybean oilcake is primarily used as animal feed, with bulk-grade variants supporting large-scale livestock operations and specialized grades catering to premium feed formulations.