Market research

Corn oil and fractions market in Eastern Asia

$Corn oil and fractions market in Eastern Asia$

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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"Eastern Asia" region includes following countries:

China

Hong Kong

Japan

North Korea

South Korea

Macao

Mongolia

Earlier Report Observations

From 2018 to 2023, the market volume for corn oil and fractions in Eastern Asia increased from 627.7 thousand tons to 689.6 thousand tons. This growth was interrupted by a contraction in 2021, but the market recovered in the following years, reaching a new high by 2023.

The market's expansion in 2023 was reinforced by a national policy framework prioritizing food security and the enhancement of domestic oilseed production capacity, which supported output. At the same time, rising consumer purchasing power continued to broaden demand for edible vegetable oils, sustaining market growth.

In 2024, the regulatory environment evolved with the cancellation of a 13% export tax rebate for chemically modified animal and vegetable oils, effective from December, which altered trade incentives. Furthermore, the retail landscape continued to transform as online channels captured a larger share of edible oil sales, while global vegetable oil prices faced upward pressure from robust biofuel demand and supply reductions in key exporting regions.

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 Eastern Asia
  1. 5.1.1. Annual dynamics of production in Eastern 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. Exports
1. 6.1. Exports (Direct Data*)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from China in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from China in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data*)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to China in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to China in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to China 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 Eastern 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

Corn oil and fractions production in Eastern Asia has been growing for three consecutive years. In 2020, the region produced 700.3 thousand tons, showing a modest increase of 3.3% compared to 2019. Looking at the period from 2017 to 2020, production rose by 21.3%, which translates to an average annual growth rate of 6.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	12.3%	4.6%	3.3%	6.6%

Source: SHEV.io

In value, 2017-2020, M $ US

In 2020, the value of corn oil and fractions output in Eastern Asia reached 828.5 million US dollars, reflecting a substantial year-over-year increase of 23.9%. Over the four-year span from 2017 to 2020, production value grew by 27.7%, averaging an 8.5% annualized rate. The only decline during this period occurred in 2019, when production value dropped by 2.6%.

Annual dynamics of production in Eastern Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	5.8%	(2.6%)	23.9%	8.5%

Source: SHEV.io

Exports corn oil and fractions from Eastern Asia

Exports in kind, t

After two years of decline, corn oil and fractions exports from Eastern Asia to international markets showed a slight recovery in 2020. The region exported 27 668 tons, marking a modest 1.1% increase compared to the previous year. However, from 2017 to 2020, overall exports fell by 36.3%, with an average annual decline of 14.0%. The lowest export volume was recorded in 2019 at 27 369 tons, while the sharpest drop occurred in 2018 with a 27.1% decrease.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(27.1%)	(13.6%)	1.1%	(14.0%)

Source: SHEV.io

Between 2017 and 2020, Malaysia, Oman, and the United Arab Emirates were the primary destinations for corn oil and fractions exports from Eastern Asia, accounting for 21.6%, 21.0%, and 11.0% of total export volume, respectively. Together, these three markets represented 53.6% of all exports in kind during this period.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Following a two-year downturn, the value of corn oil and fractions exports from Eastern Asia rebounded in 2020. Export earnings reached 32 734 thousand US dollars, representing a strong 21.3% increase compared to 2019. Despite this recovery, exports from 2017 to 2020 overall declined by 32.9%, averaging a 12.5% annual decrease. The lowest value was recorded in 2019 at 26 994 thousand US dollars, while the most significant drop occurred in 2018 with a 31.3% fall.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(31.3%)	(19.5%)	21.3%	(12.5%)

Source: SHEV.io

From 2017 to 2020, Malaysia, Oman, and the United Arab Emirates were among the largest buyers of corn oil and fractions from Eastern Asia in value terms, accounting for 20.1%, 18.5%, and 10.3% of total export value, respectively. However, even combined, these three markets represented just 49.0% of total exports, indicating a broadly diversified partner base for Eastern Asia's corn oil exports.

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

Source: SHEV.io

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

Source: SHEV.io

Imports corn oil and fractions to Eastern Asia

Imports in kind, t

In 2020, Eastern Asia imported 11 342 tons of corn oil and fractions, representing a slight decrease of 1.2% compared to 2019. Over the period from 2017 to 2020, imports declined by 21.1%, with an average annual reduction of 7.6%. The lowest import volume was recorded in 2018 at 10 886 tons, which also saw the sharpest decline of 24.2%. In contrast, 2019 experienced a 5.5% increase in imports.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(24.2%)	5.5%	(1.2%)	(7.6%)

Source: SHEV.io

The import structure for corn oil and fractions in Eastern Asia from 2017 to 2020 reveals a highly diversified set of suppliers. Brazil, Spain, and Malaysia were the top sources, accounting for 22.8%, 11.1%, and 6.2% of import volume, respectively. Together, these three countries represented only 40.1% of total imports, with the remaining 59.9% coming from numerous smaller markets.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Corn oil and fractions imports into Eastern Asia increased for the second consecutive year in 2020. Import value totaled 18 518 thousand US dollars, showing a significant 13.4% gain compared to 2019. The lowest import value during the 2017-2020 period was recorded in 2018 at 15 237 thousand US dollars, which also experienced the largest decline of 19.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(19.3%)	7.1%	13.4%	(0.6%)

Source: SHEV.io

Between 2017 and 2020, corn oil and fractions imports into Eastern Asia came from a wide range of markets. Even the three largest suppliers—Brazil, Malaysia, and Spain—together accounted for only 37.8% of total import value, highlighting the region's diversified sourcing strategy.

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

Source: SHEV.io

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

Source: SHEV.io