Market research

Corn oil and fractions market in GCC

$Corn oil and fractions market in GCC$

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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"GCC" region includes following countries:

Bahrain

Qatar

Kuwait

the United Arab Emirates

Oman

Saudi Arabia

Earlier Report Observations

The GCC corn oil market volume expanded from 120.7 thousand tons in 2018 to 166.1 thousand tons in 2023, with a notable contraction to 100.8 thousand tons in 2020 followed by strong recovery. The most rapid growth occurred in 2021, when volume jumped by over 40% to 143.9 thousand tons, driven by a surge in imports and a decline in exports.

Saudi Arabia's role as a major exporter of refined corn oil influenced the market structure, while Kuwait emerged as the largest importer of crude maize oil, accounting for 56% of import value in 2023. These shifts coincided with declining production and imports in Oman, Saudi Arabia, and UAE, indicating a rebalancing of supply sources within the region.

Production of crude maize oil in the GCC continued to grow, with a 2.3% increase to 13 thousand tons in 2024, supporting market volume amid changing trade patterns and the sustained export activity from Saudi Arabia.

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 GCC
  1. 5.1.1. Annual dynamics of production in GCC 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, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Bahrain in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Bahrain 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 Bahrain in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Bahrain 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 Bahrain, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Bahrain 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 Bahrain in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Bahrain 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 Bahrain in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Bahrain 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 Bahrain, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Bahrain 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 Bahrain in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Bahrain 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 Bahrain in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Bahrain 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 Bahrain, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Bahrain 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 Bahrain in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Bahrain 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 Bahrain in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Bahrain 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 Bahrain, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Bahrain 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 GCC

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

In 2020, GCC produced 12 000 tonnes of corn oil and fractions, showing no significant change from 2019. The largest decline was recorded in 2018 at 0.0%, while the largest increase also occurred in 2018 at 0.0%.

Annual dynamics of production in GCC in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	-	-	-	-

Source: SHEV.io

Exports corn oil and fractions from GCC

Exports in kind, K t

GCC exported 51.2 thousand tonnes of corn oil and fractions in 2020, marking a 12.4% decline compared to 2019. Over the period from 2017 to 2020, exports decreased by 40.3%, with a compound annual growth rate of 15.8%. The largest decline was recorded in 2018 at 39.5%, while the largest increase occurred in 2019 at 12.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(39.5%)	12.6%	(12.4%)	(15.8%)

Source: SHEV.io

From 2017 to 2020, corn oil and fractions from GCC were supplied to a diverse range of markets. Jordan accounted for 13.8% of exports in kind, Somalia for 7.7%, and Iraq for 6.2%, together making up 27.8% of total exports. The remaining 72.2% was distributed among many smaller destinations.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

Corn oil and fractions exports from GCC declined for the third consecutive year. In 2020, exports reached 80.6 million US dollars, down by 19.9% year-over-year. Between 2017 and 2020, exports decreased by 41.1%, with a compound annual growth rate of 16.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(20.0%)	(8.1%)	(19.9%)	(16.2%)

Source: SHEV.io

From 2017 to 2020, the partner structure for exports in value terms was balanced rather than concentrated. Jordan represented 14.4% of exports in value terms, Iran 7.8%, and Iraq 5.9%, jointly accounting for 28.1% of total flows. Many other countries made up the remaining 71.9%.

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

Source: SHEV.io

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

Source: SHEV.io

Imports corn oil and fractions to GCC

Imports in kind, K t

After a two-year advance, GCC's corn oil and fractions import volume declined. In 2020, GCC imported approximately 140.0 thousand tonnes, down by 19.6% year-over-year. Over the period from 2017 to 2020, imports decreased by 8.9%, with a compound annual growth rate of 3.0%. The maximum value was recorded in 2019 at 174.1 thousand tonnes, which also saw the largest increase at 8.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.6%	8.4%	(19.6%)	(3.0%)

Source: SHEV.io

From 2017 to 2020, the United States was the dominant supplier of corn oil and fractions to GCC, accounting for 70.3% of total imports in kind, with other countries sharing the remaining volume.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

Corn oil and fractions shipments to GCC from abroad declined for the third consecutive year. In 2020, imports totalled 157.5 million US dollars, down by 13.1% year-over-year. Between 2017 and 2020, imports decreased by 29.8%, equating to an annualized rate of 11.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(13.4%)	(6.7%)	(13.1%)	(11.1%)

Source: SHEV.io

From 2017 to 2020, the United States, South Korea, and Spain stood out as the main markets for imports in value terms. The United States accounted for 64.0% of imports in value terms, South Korea for 6.2%, and Spain for 1.9%, together representing 72.1% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io