Market research

Corn oil and fractions market in Central America, 2026

$Corn oil and fractions market in Central America$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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"Central America" region includes following countries:

Belize

Costa Rica

El Salvador

Guatemala

Honduras

Mexico

Nicaragua

Panama

Earlier Report Observations

The market for corn oil and fractions in Central America experienced significant volatility from 2018 to 2023. After growing to 50,914 t in 2019, volume dipped slightly in 2020 before contracting sharply to 26,532 t in 2021.

A partial recovery to 28,424 t occurred in 2022. This increase was supported by record-high vegetable oil prices in Costa Rica, which stimulated market activity, and government initiatives to streamline administrative procedures and improve the investment climate for agribusiness firms.

Market volume fell to 24,800 t in 2023. During this period, the global competitive landscape featured R&D investments by major players, while Costa Rica implemented policies to reduce the time and cost of registering agrochemicals. In 2024, factors such as adverse weather affecting global corn supply and rising biodiesel demand continued to influence the market framework.

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 Central America
  1. 5.1.1. Annual dynamics of production in Central America 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 Belize in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Belize by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Belize in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Belize by countries, 2018-2024, K $ 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 Belize, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Belize 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, t
    1. 6.2.2.1. Annual dynamics of product's imports to Belize in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Belize by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Belize in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Belize by countries, 2018-2024, K $ 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 Belize, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Belize 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, t
    1. 7.1.2.1. Annual dynamics of product's exports from Belize in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Belize by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Belize in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Belize by countries, 2018-2024, K $ 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 Belize, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Belize 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, t
    1. 7.2.2.1. Annual dynamics of product's exports from Belize in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Belize by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Belize in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Belize by countries, 2018-2024, K $ 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 Belize, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Belize by countries, 2018-2024, $ 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, 2018-2024
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 Central America

In kind, 2017-2020, 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

Central America's production of corn oil and fractions declined after two consecutive years of growth. In 2019, production reached its peak at 41 307 tons, but in 2020 it remained nearly unchanged at 41 148 tons. Over the four-year period from 2017 to 2020, production increased by 9.8%, which translates to an average annual growth rate of 3.2%. The most significant year-over-year increase occurred in 2019, when production rose by 5.9%.

Annual dynamics of production in Central America in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.0%	5.9%	(0.4%)	3.2%

Source: SHEV.io

In value, 2017-2020, K $ US

Following two years of decline, the value of corn oil and fractions production in Central America rebounded. In 2019, output hit its lowest point at 46 707 thousand US dollars, but in 2020 it surged by 29.3% to reach 60 379 thousand US dollars. From 2017 to 2020, the total increase in production value was 15.4%, corresponding to a compound annual growth rate of 4.9%. The sharpest decline was recorded in 2019, when the value dropped by 9.9%.

Annual dynamics of production in Central America in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.9%)	(9.9%)	29.3%	4.9%

Source: SHEV.io

Exports corn oil and fractions from Central America

Exports in kind, t

In 2020, Central America exported 2 788 tons of corn oil and fractions, marking a slight decrease of 1.5% compared to 2019. The lowest export volume during the 2017-2020 period was recorded in 2018 at 2 623 tons, which represented a substantial 46.3% decline from the previous year. Exports then recovered in 2019 with an 8.0% increase. Overall, from 2017 to 2020, exports fell by 42.9%, equating to an average annual decline of 17.0%.

Annual dynamics of product's exports from Central America in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(46.3%)	8.0%	(1.5%)	(17.0%)

Source: SHEV.io

Between 2017 and 2020, the United States consistently served as the primary destination for Central America's corn oil and fractions exports, accounting for 78.0% of total export volumes throughout this period.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

After two years of contraction, the value of corn oil and fractions exports from Central America showed growth. In 2019, export value reached its minimum at 3 201 thousand US dollars, but in 2020 it increased sharply by 27.8% to 4 091 thousand US dollars. The most significant decline occurred in 2018, when export value dropped by 48.8%. Over the 2017-2020 period, total export value decreased by 40.0%, with a compound annual decline rate of 15.6%.

Annual dynamics of product's exports from Central America in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(48.8%)	(8.2%)	27.8%	(15.6%)

Source: SHEV.io

From 2017 to 2020, the United States remained the dominant buyer of corn oil and fractions from Central America in value terms, consistently representing 81.0% of total export earnings.

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

Source: SHEV.io

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

Source: SHEV.io

Imports corn oil and fractions to Central America

Imports in kind, t

In 2020, Central America imported 10 690 tons of corn oil and fractions, representing a 14.1% decrease compared to 2019. The lowest import volume during the 2017-2020 period was recorded in 2018 at 10 019 tons, which marked a 19.5% decline from the previous year. Imports then rebounded in 2019 with a 24.1% increase. Overall, from 2017 to 2020, imports decreased by 14.1%, translating to an average annual decline of 5.0%.

Annual dynamics of product's imports to Central America in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(19.5%)	24.1%	(14.1%)	(5.0%)

Source: SHEV.io

Throughout the 2017-2020 period, Central America's imports of corn oil and fractions showed strong dependence on the United States, which supplied 93.1% of total import volumes.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Following two years of decline, the value of corn oil and fractions imports to Central America increased. In 2019, import value reached its lowest point at 11 745 thousand US dollars, but in 2020 it rose by 2.5% to 12 039 thousand US dollars. The most substantial decline occurred in 2018, when import value fell by 20.6%. Over the 2017-2020 period, total import value decreased by 28.8%, corresponding to a compound annual decline rate of 10.7%.

Annual dynamics of product's imports to Central America in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(20.6%)	(12.5%)	2.5%	(10.7%)

Source: SHEV.io

Between 2017 and 2020, the United States and Free Zones were the key sources for Central America's corn oil and fractions imports in value terms. The United States accounted for 90.0% of total import value, while Free Zones contributed 1.0%, together representing 91.0% 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 Central America in value, 2017-2020

Source: SHEV.io