Market research

Corn oil and fractions market in Asia

$Corn oil and fractions market in Asia$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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"Asia" region includes following countries:

China

Hong Kong

Japan

North Korea

South Korea

Macao

Mongolia

Afghanistan

Bangladesh

Bhutan

Sri Lanka

India

Iran

Maldives

Nepal

Pakistan

Brunei Darussalam

Myanmar

Cambodia

Indonesia

Laos

Malaysia

the Philippines

Timor-Leste

Singapore

Vietnam

Thailand

Kazakhstan

Kyrgyzstan

Tajikistan

Turkmenistan

Uzbekistan

Azerbaijan

Armenia

Bahrain

Cyprus

Georgia

Palestine

Iraq

Israel

Jordan

Kuwait

Lebanon

Oman

Qatar

Saudi Arabia

Syria

Turkey

the United Arab Emirates

Yemen

Earlier Report Observations

The Asian market for corn oil and fractions grew from 943.0 thousand tons in 2018 to a peak of 1 016.6 thousand tons in 2020, fueled by robust import demand from Middle Eastern countries such as Kuwait, UAE, and Saudi Arabia. Production increases and higher imports supported this expansion, even as regulatory hurdles around food safety and labeling posed challenges for smaller producers.

A sharp price increase for corn oil in the United States, from $0.93 per kg in 2020 to $1.45 in 2021, raised costs and contributed to a market contraction to 966.1 thousand tons in 2021. The market rebounded to 1 006.5 thousand tons in 2022 as health-conscious consumers increasingly sought non-GMO and healthier cooking oils. However, in 2023, the market dipped again to 977.5 thousand tons, pressured by India's rapidly growing maize ethanol demand, which diverted corn away from oil production.

Technological improvements, including enzyme solutions to boost oil recovery at ethanol plants, and government programs like India's National Mission on Edible Oils, aimed at enhancing domestic oilseed output, began influencing production economics and supply-side dynamics during the latter part of the period.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Asia
  1. 5.1.1. Annual dynamics of production in Asia in kind, 2018-2023, K t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production corn oil and fractions in Asia

In kind, 2017-2020, K t

Top producers of corn oil and fractions, 2017-2020

Source: SHEV.io

World map of production of corn oil and fractions, 2017-2020

Source: SHEV.io

Asia's production of corn oil and fractions has grown for the third year in a row. In 2020, the region produced 820.9 thousand tonnes, marking a 2.4% increase from 2019. Looking at the period from 2017 to 2020, production rose by 19.2%, which translates to an average annual growth rate of 6.0%.

Annual dynamics of production in Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	10.5%	5.3%	2.4%	6.0%

Source: SHEV.io

Exports corn oil and fractions from Asia

Exports in kind, K t

Asia's exports of corn oil and fractions totaled 150.9 thousand tonnes in 2020, showing a significant year-on-year decline of 14.0%. From 2017 to 2020, exports fell by 16.2%, with an average annual decrease of 5.7%. The lowest export volume was recorded in 2018 at 120.1 thousand tonnes. The sharpest drop occurred in 2018, with a 33.3% decrease, while the largest increase was in 2019, at 46.0%.

Annual dynamics of product's exports from Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(33.3%)	46.0%	(14.0%)	(5.7%)

Source: SHEV.io

From 2017 to 2020, Libya, Somalia, and Australia were the primary destinations for Asia's corn oil and fractions exports by volume. Libya accounted for 13.9% of exports, Somalia for 2.8%, and Australia for 0.6%. Together, these three markets represented 17.3% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Asia in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

Asia's corn oil and fractions exports in value terms have declined for the third consecutive year. In 2020, exports amounted to 213.5 million US dollars, down 2.1% from the previous year. Over the 2017-2020 period, exports decreased by 24.3%, with a compound annual growth rate of -8.9%.

Annual dynamics of product's exports from Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(11.9%)	(12.2%)	(2.1%)	(8.9%)

Source: SHEV.io

Between 2017 and 2020, Libya, Somalia, and Australia were the key partners for Asia's corn oil and fractions exports by value. Libya made up 14.6% of exports, Somalia 2.0%, and Australia 0.7%. Collectively, these three countries accounted for 17.3% of total export value.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Asia in value, 2017-2020

Source: SHEV.io

Imports corn oil and fractions to Asia

Imports in kind, K t

Asia's imports of corn oil and fractions reached 346.7 thousand tonnes in 2020, a 4.2% decrease from the prior year. From 2017 to 2020, imports fell by 5.5%, with an average annual decline of 1.9%. The lowest import volume was in 2018 at 301.8 thousand tonnes. The most substantial drop occurred in 2018, with a 17.7% decrease, while the largest increase was in 2019, at 19.9%.

Annual dynamics of product's imports to Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(17.7%)	19.9%	(4.2%)	(1.9%)

Source: SHEV.io

During 2017-2020, the United States, Argentina, and Hungary were consistently the top sources for Asia's corn oil and fractions imports by volume. The United States contributed 48.6% of imports, Argentina 3.0%, and Hungary 2.4%. Together, these three countries represented 54.0% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Asia in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

Asia's imports of corn oil and fractions in value terms have increased for the second year in a row. In 2020, imports totaled 213.5 million US dollars, up 0.7% from the previous year. Over the 2017-2020 period, imports decreased by 21.4%, with a compound annual growth rate of -7.7%. The lowest value was recorded in 2018 at 385.3 million US dollars. The largest decline was in 2018, with a 22.4% drop.

Annual dynamics of product's imports to Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(22.4%)	0.6%	0.7%	(7.7%)

Source: SHEV.io

From 2017 to 2020, Asia's corn oil and fractions imports by value were not heavily concentrated among a few key markets. The United States accounted for 44.0% of imports, Argentina for 2.5%, and Belgium for 2.4%. Combined, these three countries represented only 48.9% of total import flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Asia in value, 2017-2020

Source: SHEV.io