"Americas" region includes following countries:
Earlier Report Observations
In 2019, the corn oil market volume in the Americas fell to 1.5 million tons from 2.0 million tons the previous year. This sharp decline was linked to a significant drop in demand for processed corn oil in Brazil, where consumption decreased by over 20% due to changes in local market conditions. At the same time, exports of refined corn oil grew rapidly in the United States, China, and South Africa, indicating the entry and expansion of players in these markets. Over the next two years, production recovered, reaching 1.7 million tons in 2021, supported by high corn harvests in the region, which increased raw material availability for processing.
By 2022, market volume again decreased to 1.6 million tons, despite regulatory changes in the U.S. and Canada that favored the production and use of biodiesel, boosting demand for corn oil as a feedstock. In 2023, production stabilized at 1.6 million tons, underpinned by growing consumer demand for healthier oils, including non-GMO options, and technological innovations such as improved oil extraction methods at ethanol plants implemented by Green Plains Inc.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Americas
- 5.1.1. Annual dynamics of production in Americas in kind, 2018-2023, K t
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Americas
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6. Imports
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6.1. Imports (Direct Data*)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, K t
- 6.1.2.1. Annual dynamics of product's imports to Bermuda in kind, 2018-2024, K t
- 6.1.2.2. Dynamics of product's imports in kind to Bermuda by countries, 2018-2024, K t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, M $ US
- 6.1.3.1. Annual dynamics of product's imports to Bermuda in value, 2018-2024, M $ US
- 6.1.3.2. Dynamics of product's imports in value to Bermuda by countries, 2018-2024, M $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Bermuda, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Bermuda by countries, 2018-2024, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, K t
- 6.2.2.1. Annual dynamics of product's imports to Bermuda in kind, 2018-2024, K t
- 6.2.2.2. Dynamics of product's imports in kind to Bermuda by countries, 2018-2024, K t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, M $ US
- 6.2.3.1. Annual dynamics of product's imports to Bermuda in value, 2018-2024, M $ US
- 6.2.3.2. Dynamics of product's imports in value to Bermuda by countries, 2018-2024, M $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Bermuda, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Bermuda by countries, 2018-2024, $ US/t
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6.1. Imports (Direct Data*)
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7. Exports
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7.1. Exports (Direct Data*)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, K t
- 7.1.2.1. Annual dynamics of product's exports from Bermuda in kind, 2018-2024, K t
- 7.1.2.2. Dynamics of product's exports in kind from Bermuda by countries, 2018-2024, K t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, M $ US
- 7.1.3.1. Annual dynamics of product's exports from Bermuda in value, 2018-2024, M $ US
- 7.1.3.2. Dynamics of product's exports in value from Bermuda by countries, 2018-2024, M $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's exports from Bermuda, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's exports from Bermuda by countries, 2018-2024, $ US/t
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, K t
- 7.2.2.1. Annual dynamics of product's exports from Bermuda in kind, 2018-2024, K t
- 7.2.2.2. Dynamics of product's exports in kind from Bermuda by countries, 2018-2024, K t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, M $ US
- 7.2.3.1. Annual dynamics of product's exports from Bermuda in value, 2018-2024, M $ US
- 7.2.3.2. Dynamics of product's exports in value from Bermuda by countries, 2018-2024, M $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's exports from Bermuda, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's exports from Bermuda by countries, 2018-2024, $ US/t
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7.1. Exports (Direct Data*)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, K t
- 8.1.2. In value, M $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, K t
- 8.2.2. In value, M $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production corn oil and fractions in Americas
In kind, 2017-2020, K t
Top producers of corn oil and fractions, 2017-2020
World map of production of corn oil and fractions, 2017-2020
In the Americas, corn oil and fractions production reached 1 606 thousand tonnes in 2020, showing a modest increase of 3.6% compared to 2019. However, looking at the broader period from 2017 to 2020, production actually declined by 20%, which translates to an average annual decrease of 7.2%. The lowest production level was recorded in 2019 at 1 550 thousand tonnes, while the peak occurred in 2018 with 2 067 thousand tonnes. The most significant drop in production was observed in 2019, when it fell by 25.0%.
Annual dynamics of production in Americas in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 2.9% | (25.0%) | 3.6% | (7.2%) |
In value, 2017-2020, M $ US
Following two consecutive years of decline, corn oil and fractions production in the Americas saw a recovery. In 2020, the output was valued at 1 497 million US dollars, representing a modest year-over-year increase of 8.2%. Over the period from 2017 to 2020, however, production value decreased by 26.4%, averaging an annual decline of 9.7%. The lowest value was recorded in 2019 at 1 383 million US dollars, with the sharpest drop occurring that same year at 31.6%.
Annual dynamics of production in Americas in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (0.6%) | (31.6%) | 8.2% | (9.7%) |
Exports corn oil and fractions from Americas
Exports in kind, t
In 2020, cross-border shipments of corn oil and fractions from the Americas totaled 72 309 tonnes, marking a decrease of 5.7% compared to the previous year. From 2017 to 2020, exports declined by 12.7%, with a compound annual growth rate of -4.4%. The lowest export volume was in 2018 at 45 132 tonnes, which also saw the largest decline of 45.5%. In contrast, 2019 experienced the most significant increase, with exports rising by 69.8%.
Annual dynamics of product's exports from Americas in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (45.5%) | 69.8% | (5.7%) | (4.4%) |
Between 2017 and 2020, key buyers of corn oil and fractions from the Americas included Tunisia, which accounted for 33.8% of exports in kind, South Korea at 3.8%, and Spain at 2.9%. Together, these three countries represented 40.5% of total exports in kind, while the remaining 59.5% was distributed among numerous other trading partners.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from Americas in kind, 2017-2020
Exports in value, K $ US
In 2020, the value of corn oil and fractions exports from the Americas amounted to 67 391 thousand US dollars, reflecting a slight decrease of 1.5% from 2019. Over the 2017-2020 period, export value fell by 19.7%, with an average annual decline of 7.0%. The lowest value was recorded in 2018 at 44 169 thousand US dollars, which also saw the sharpest drop of 47.4%. On the other hand, 2019 registered the largest increase, with export value rising by 54.9%.
Annual dynamics of product's exports from Americas in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (47.4%) | 54.9% | (1.5%) | (7.0%) |
From 2017 to 2020, the Americas' corn oil and fractions exports were distributed across a wide range of buyers. Tunisia was the largest, contributing 32.7% of exports in value terms, followed by South Korea at 3.4% and Turkey at 3.1%. Combined, these three countries accounted for 39.2% of total export value, with the remainder spread among many other countries, each holding smaller but notable shares.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Americas in value, 2017-2020
Imports corn oil and fractions to Americas
Imports in kind, t
Import volumes of corn oil and fractions into the Americas showed notable fluctuations during the period. In 2020, imports stood at 33 477 tonnes, representing a 20.0% decrease compared to 2019. The lowest import volume was recorded in 2018 at 17 264 tonnes, while the peak occurred in 2019 with 41 866 tonnes. The difference between these years was substantial, with 2019 imports being 2.4 times higher than in 2018. The sharpest decline was in 2018 at 36.8%, whereas 2019 saw the largest increase, with imports surging by 142.5%.
Annual dynamics of product's imports to Americas in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (36.8%) | 142.5% | (20.0%) | 7.0% |
Between 2017 and 2020, Turkey played a minor role in the Americas' imports of corn oil and fractions in kind, accounting for 0.7% of total import flows.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Americas in kind, 2017-2020
Imports in value, K $ US
In 2020, the value of corn oil and fractions imports into the Americas reached 43 905 thousand US dollars, which was 20.7% lower than the previous year. Over the 2017-2020 period, import value decreased by 2.9%, averaging an annual decline of 1.0%. The lowest value was recorded in 2018 at 39 692 thousand US dollars, while the highest was in 2019 at 55 366 thousand US dollars. The most significant increase occurred in 2019, with import value rising by 39.5%.
Annual dynamics of product's imports to Americas in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (12.3%) | 39.5% | (20.7%) | (1.0%) |
From 2017 to 2020, Turkey remained a small but consistent source for the Americas' imports of corn oil and fractions in value terms, representing 0.6% of total import flows.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Americas in value, 2017-2020
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