Market research

Corn oil and fractions market in Mexico

$Corn oil and fractions market in Mexico$

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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Earlier Report Observations

The Mexican corn oil market volume grew from 35 795 t in 2018 to 40 652 t in 2019, a period influenced by global corn supply and demand shifts, including expectations around Chinese purchases and forecasts of declining world production. Competition from U.S. imports and protein by-products like soybean meal and DDGs for animal feed also shaped the domestic oil industry. Market size then eased to 37 869 t in 2020.

A dramatic contraction followed in 2021, with market volume dropping to 14 667 t. This plunge was directly caused by the Mexican government's decree of December 31, 2021, to phase out genetically modified corn for human consumption by 2024, which disrupted raw material supply chains, coinciding with domestic corn production falling to its lowest level in seven years. A partial recovery to 17 786 t occurred in 2022, supported by increased reliance on imported corn—covering 39% of consumption—to compensate for the domestic shortfall, though the GMO decree continued to impact the sector. The market volume then decreased to 15 347 t in 2023.

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 Mexico
  1. 5.1.1. Annual dynamics of production in Mexico in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Mexico in value, 2018-2023, $ US
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. 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 Mexico in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Mexico by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Mexico in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Mexico by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  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 Mexico, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Mexico by countries, 2018-2025, $ 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 Mexico in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Mexico by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Mexico in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Mexico by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  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 Mexico, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Mexico by countries, 2018-2025, $ 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 Mexico in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Mexico by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Mexico in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Mexico by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  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 Mexico, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Mexico by countries, 2018-2025, $ 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 Mexico in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Mexico by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Mexico in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Mexico by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  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 Mexico, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Mexico 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 Mexico

In kind, 2018-2021, t

Mexico ranked 18th globally in corn oil and fractions production from 2018 to 2021.

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

Mexico's corn oil and fractions production declined for the second year in a row. In 2021, production reached 11 622 tonnes, marking a sharp 64.5% drop from the previous year. Over the 2018-2021 period, production fell by 62.6%, with an annualized decline of 28.0%. The peak was in 2019 at 33 468 tonnes, which also saw the largest increase of 7.7%.

Annual dynamics of production in Mexico in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	7.7%	(2.1%)	(64.5%)	(28.0%)

Source: SHEV.io

Exports corn oil and fractions from Mexico

Exports in kind, t

Mexico's corn oil and fractions exports fell for the second consecutive year. In 2021, exports totaled 972 tonnes, down 52.6% from the previous year. From 2018 to 2021, exports decreased by 47.5%, averaging an annual decline of 19.3%. The highest volume was recorded in 2019 at 2 213 tonnes, which also experienced the largest increase of 19.5%.

Annual dynamics of product's exports from Mexico in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	19.5%	(7.4%)	(52.6%)	(19.3%)

Source: SHEV.io

From 2018 to 2021, the United States dominated Mexico's corn oil and fractions exports, accounting for 98.6% of the total volume.

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

Source: SHEV.io

World map of product's exports from Mexico in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

After two years of growth, Mexico's corn oil and fractions exports declined. In 2021, exports were valued at 2 004 thousand US dollars, a sharp 25.9% decrease year-over-year. Between 2018 and 2021, exports fell by 15.2%, with an annualized drop of 5.4%. The peak value occurred in 2020 at 2 706 thousand US dollars, which also saw the largest increase of 10.9%.

Annual dynamics of product's exports from Mexico in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	3.3%	10.9%	(25.9%)	(5.4%)

Source: SHEV.io

Throughout 2018-2021, exports in value terms were heavily concentrated on the United States, which made up 98.6% of total flows.

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

Source: SHEV.io

World map of product's exports from Mexico in value, 2018-2021

Source: SHEV.io

Imports corn oil and fractions to Mexico

Imports in kind, t

Mexico's corn oil and fractions imports declined for the second year in a row. In 2021, imports amounted to 4 017 tonnes, a dramatic 44.0% drop from 2020. Over the 2018-2021 period, imports decreased by 38.8%, with an annualized decline of 15.1%. The highest volume was in 2019 at 9 397 tonnes, which also recorded the largest increase of 43.2%.

Annual dynamics of product's imports to Mexico in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	43.2%	(23.7%)	(44.0%)	(15.1%)

Source: SHEV.io

From 2018 to 2021, the United States was overwhelmingly the main source for Mexico's corn oil and fractions imports, representing 100.0% of the total volume.

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

Source: SHEV.io

World map of product's imports to Mexico in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

Mexico's corn oil and fractions imports fell for the third consecutive year. In 2021, imports were valued at 6 137 thousand US dollars, showing a solid 14.3% contraction from the previous year. Between 2018 and 2021, imports decreased by 27.5%, with an annualized decline of 10.2%.

Annual dynamics of product's imports to Mexico in value, 2018-2021, K $ US