Market research

Corn oil and fractions market in Northern America

$Corn oil and fractions market in Northern America$

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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"Northern America" region includes following countries:

Bermuda

Canada

Greenland

Saint Pierre and Miquelon

the United States

Earlier Report Observations

Corn oil production and market volume in Northern America dropped sharply from 1 756 thousand tons in 2018 to 1 214 thousand tons in 2019, likely impacted by fluctuations in corn prices as a raw material which increased extraction costs. The market then stabilized, with volume reaching 1 241 thousand tons in 2021 as maize oil prices rose to $1.45 per kg, making production more profitable.

Despite further price increases to $1.98 per kg in 2022 and projected prices of $2.51 per kg in 2023, physical market volume continued to ease, falling to 1 105 thousand tons by 2023. The value of the market grew over the period, however, driven by these higher prices and increased use in food, biodiesel, and other industrial applications.

In 2024, significant industry developments included the start-up of the MSC system by Green Plains and Tharaldson Ethanol, which improved sustainable maize yields and feedstock supply for renewable fuels. Regulatory emphasis on non-GMO and organic labeling also shaped consumer preferences, supporting demand for refined, flavorless corn oil variants.

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

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

In Northern America, corn oil and fractions production reached 1 235 thousand tonnes in 2020, showing a modest increase of 0.9% from the previous year. Looking at the broader period from 2017 to 2020, production declined by 29.4%, which translates to an average annual decrease of 11.0%. The lowest production level was recorded in 2019 at 1 224 thousand tonnes, while the peak occurred in 2018 with 1 770 thousand tonnes. The most significant drop in production happened in 2019, falling by 30.9%, whereas the largest increase was observed in 2018 at 1.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.2%	(30.9%)	0.9%	(11.0%)

Source: SHEV.io

In value, 2017-2020, M $ US

Following a two-year decline, corn oil and fractions production in Northern America saw an upturn. In 2020, the output was valued at 1 498 million US dollars, marking a substantial rise of 12.7% compared to 2019. Over the 2017-2020 period, production value decreased by 36.4%, with a compound annual growth rate of -14.0%. The lowest value was recorded in 2019 at 1 329 million US dollars, and the most significant decline occurred that same year, dropping by 42.3%.

Annual dynamics of production in Northern America in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.3%)	(42.3%)	12.7%	(14.0%)

Source: SHEV.io

Exports corn oil and fractions from Northern America

Exports in kind, t

Northern America exported 12 380 tonnes of corn oil and fractions in 2020, experiencing a sharp decline of 31.6% from the previous year. From 2017 to 2020, exports fell by 25.9%, with an average annual decrease of 9.5%. The highest export volume was recorded in 2019 at 18 113 tonnes, and the largest increase occurred that year, rising by 28.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(15.5%)	28.4%	(31.6%)	(9.5%)

Source: SHEV.io

Between 2017 and 2020, Chile was the leading buyer of corn oil and fractions from Northern America, accounting for 1.2% of total exports in volume terms.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

In 2020, corn oil and fractions exports from Northern America amounted to 15 017 thousand US dollars, representing a 23.6% decrease year-over-year. From 2017 to 2020, export value declined by 33.2%, equating to an average annual drop of 12.6%. The most notable increase was recorded in 2019, with a rise of 7.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(18.4%)	7.2%	(23.6%)	(12.6%)

Source: SHEV.io

Throughout the 2017-2020 period, Chile served as the primary market for corn oil and fractions from Northern America, absorbing 1.8% of total exports in value terms.

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

Source: SHEV.io

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

Source: SHEV.io

Imports corn oil and fractions to Northern America

Imports in kind, t

The market for corn oil and fractions imports in Northern America showed notable fluctuations during this period. Imports hit their lowest point in 2018 at 475 tonnes and peaked in 2020 at 8 859 tonnes, representing a 19-fold difference between these years. In 2020, imports increased by 5.0% compared to 2019. The largest decline occurred in 2018, falling by 94.6%, while the most significant increase was in 2019, surging by 1 674.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(94.6%)	1 674.9%	5.0%	0.0%

Source: SHEV.io

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

After a two-year decrease, corn oil and fractions imports in Northern America rebounded. In 2020, imports totaled 13 289 thousand US dollars, up by 20.3% from 2019. The lowest value was recorded in 2019 at 11 050 thousand US dollars, and the largest decline happened that year, dropping by 13.5%.

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