Market research

Corn oil and fractions market in Australia and New Zealand

$Corn oil and fractions market in Australia and New Zealand$

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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"Australia and New Zealand" region includes following countries:

Australia

Christmas Island

Cocos (Keeling) Islands

Heard Island and McDonald Islands

New Zealand

Norfolk Island

Earlier Report Observations

The corn oil and fractions market in Australia and New Zealand exhibited considerable volatility between 2018 and 2023. Market volume peaked at 5,166 t in 2019, largely due to a sharp 42% increase in imports that year, which reached 2,539 t. Following this peak, the market contracted significantly, falling to 3,695 t in 2020 and further to 2,811 t in 2021.

A partial recovery occurred in 2022, with market volume rising to 3,199 t. This coincided with a global rise in demand for non-GMO corn oil, driven by consumer preference for natural products, and significant worldwide supply chain disruptions that led to sharply higher international prices. These conditions likely encouraged domestic production, which increased by 9.5% to 2,714 t, while imports fell as high costs made foreign supplies less attractive.

Market volume declined again in 2023 to 2,970 t. This downturn took place alongside an 18.6% contraction in global crude maize oil exports and persistently high global prices, which put pressure on local production. Output fell by 13.4% to 2,351 t, offset only slightly by a minor increase in imports.

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, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Australia and New Zealand
  1. 5.1.1. Annual dynamics of production in Australia and New Zealand in kind, 2018-2023, t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, 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, 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, t
    1. 6.1.2.1. Annual dynamics of product's imports to Australia in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Australia by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Australia in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Australia by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  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 Australia, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Australia by countries, 2018-2025, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Australia in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Australia by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Australia in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Australia by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  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 Australia, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Australia by countries, 2018-2025, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Australia in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Australia by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Australia in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Australia by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  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 Australia, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Australia by countries, 2018-2025, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Australia in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Australia by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Australia in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Australia by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  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 Australia, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Australia by countries, 2018-2025, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
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 Australia and New Zealand

In kind, 2018-2021, t

Top producers of corn oil and fractions, 2018-2021

Source: SHEV.io

World map of production of corn oil and fractions, 2018-2021

Source: SHEV.io

Corn oil and fractions production in Australia and New Zealand declined for the second year in a row. In 2021, output reached 2 478 tonnes, marking a slight decrease of 0.8% compared to the previous year. Looking at the period from 2018 to 2021, production fell by 3%, with an average annual decline of 1.0%. The highest production volume was recorded in 2019 at 2 798 tonnes, which represented a significant increase of 9.6% from the prior year. However, this was followed by the largest decline in 2020, when production dropped by 10.7%.

Annual dynamics of production in Australia and New Zealand in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	9.6%	(10.7%)	(0.8%)	(1.0%)

Source: SHEV.io

In value, 2018-2021, K $ US

In 2021, the value of corn oil and fractions production in Australia and New Zealand stood at 5 010 thousand US dollars, showing a substantial rise of 20.5% year-over-year. Over the 2018-2021 period, production value increased by 14%, translating to an average annual growth rate of 4.5%. The lowest value was recorded in 2020 at 4 159 thousand US dollars, which reflected a notable decline of 13.6% from the previous year.

Annual dynamics of production in Australia and New Zealand in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	9.5%	(13.6%)	20.5%	4.5%

Source: SHEV.io

Exports corn oil and fractions from Australia and New Zealand

Exports in kind, t

Export volumes of corn oil and fractions from Australia and New Zealand experienced noticeable fluctuations during the period. In 2021, exports amounted to 679 tonnes, indicating a modest decline of 5.1% compared to the previous year. The highest export volume was recorded in 2020 at 716 tonnes, which represented a dramatic increase of 317.0% from 2019. Overall, from 2018 to 2020, the market showed significant volatility, with a peak-to-trough amplitude of 12.1 times.

Annual dynamics of product's exports from Australia and New Zealand in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	190.7%	317.0%	(5.1%)	125.7%

Source: SHEV.io

Between 2018 and 2021, Vietnam and Fiji were the largest contributors to Australia and New Zealand's corn oil and fractions exports in volume terms, together accounting for 59.7% of total flows.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Australia and New Zealand in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

Corn oil and fractions exports from Australia and New Zealand increased for the third consecutive year. In 2021, export value reached 1 373 thousand US dollars, reflecting a strong rise of 15.3% compared to the previous year. Over the 2018-2021 period, exports surged by 1 251.4%, equating to an average annual growth rate of 138.2%.

Annual dynamics of product's exports from Australia and New Zealand in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	190.6%	303.5%	15.3%	138.2%

Source: SHEV.io

From 2018 to 2021, Vietnam, Fiji, and China formed the main group of destinations for Australia and New Zealand's corn oil and fractions exports in value terms. Vietnam accounted for 65.0% of exports, Fiji for 2.4%, and China for 0.8%, with these three countries together representing 68.2% of total export flows.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Australia and New Zealand in value, 2018-2021

Source: SHEV.io

Imports corn oil and fractions to Australia and New Zealand

Imports in kind, t

Corn oil and fractions imports into Australia and New Zealand declined for the second year in a row. In 2021, import volume stood at 1 012 tonnes, showing a steep decrease of 47.1% compared to the previous year. Over the 2018-2021 period, imports fell by 43.5%, with an average annual decline of 17.3%. The highest import volume was recorded in 2019 at 2 539 tonnes, which marked a significant increase of 41.8% from 2018.

Annual dynamics of product's imports to Australia and New Zealand in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	41.8%	(24.7%)	(47.1%)	(17.3%)

Source: SHEV.io

Between 2018 and 2021, Malaysia, Spain, and Saudi Arabia were the primary suppliers of corn oil and fractions to Australia and New Zealand in volume terms. Malaysia accounted for 41.1% of imports, Spain for 33.1%, and Saudi Arabia for 3.3%, with these three countries jointly representing 77.5% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Australia and New Zealand in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

Corn oil and fractions imports into Australia and New Zealand declined for the second consecutive year. In 2021, import value was 1 945 thousand US dollars, which is 24.6% lower than in 2020. Over the 2018-2021 period, imports decreased by 16.5%, with an average annual decline of 5.8%. The highest import value was recorded in 2019 at 3 046 thousand US dollars, reflecting a notable increase of 30.7% from the previous year.

Annual dynamics of product's imports to Australia and New Zealand in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	30.7%	(15.3%)	(24.6%)	(5.8%)

Source: SHEV.io

Throughout 2018-2021, Malaysia, Spain, and Saudi Arabia remained the main sources for corn oil and fractions imports into Australia and New Zealand in value terms. Malaysia accounted for 43.0% of imports, Spain for 31.3%, and Saudi Arabia for 4.6%, with these three countries together taking 78.9% of total import flows.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Australia and New Zealand in value, 2018-2021

Source: SHEV.io