Market research

Corn oil and fractions market in Southern Europe

$Corn oil and fractions market in Southern Europe$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

Report language:

Report language:

Submission method: to your account

File format: docx, xlsx

Single Report

$500

Instant access to detailed data on one specific market
Ideal for one-off tasks: niche assessments, presentations, investment decisions
Available in Excel and Word in 15 minutes after purchase
Cheaper than subscription, but each market requires a separate purchase

Best if you know exactly what you need

Buy a single report

Platform Subscription

from$600

Complete and unlimited data access across products and regions
Includes continuous data updates during subscription period
Download reports instantly in Word, and Excel formats
More cost-effective for multiple markets or regular analysis

Ideal for regular data users

View pricing plans

"Southern Europe" region includes following countries:

Albania

Andorra

Bosnia and Herzegovina

Croatia

Gibraltar

Greece

the Holy See

Italy

Malta

Montenegro

Portugal

San Marino

Serbia

Slovenia

Spain

North Macedonia

Earlier Report Observations

Corn oil production in Southern Europe remained relatively stable between 2018 and 2023, with annual output fluctuating between 119 and 122 thousand tonnes. This steadiness was supported by increasing global demand for natural vegetable oils, driven by consumer attention to health and sustainability, as well as technological improvements in production processes.

The market volume for corn oil in the region declined from 145 thousand tonnes in 2018 to 117 thousand tonnes in 2023. The sharp drop was largely attributable to a steep fall in imports, which decreased from 80 thousand tonnes to 23 thousand tonnes over the period. The implementation of the EU Regulation 2023/915, setting stricter aflatoxin limits for unprocessed maize, raised compliance costs for exporters and restrained import flows into Southern Europe. Additionally, poor agricultural yields in the European Union due to climate change contributed to tighter maize supply and affected oil availability.

In 2024, regulatory and environmental factors continued to shape the market. The ongoing effect of the aflatoxin regulation, combined with adverse weather conditions in major maize-producing countries and increased global demand for maize in ethanol production, influenced trade patterns and the availability of corn oil in the region.

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

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 Southern Europe, corn oil and fractions production reached 119.3 K t in 2020, representing a 1.4% decrease from the previous year. Over the 2017-2020 period, production declined by 3.3%, with a compound annual growth rate of 1.1%. The most significant drop occurred in 2018 at 3.3%, while 2019 saw the largest increase of 1.4%.

Annual dynamics of production in Southern Europe in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.3%)	1.4%	(1.4%)	(1.1%)

Source: SHEV.io

In value, 2017-2020, M $ US

Following two years of decline, corn oil and fractions production in Southern Europe rebounded in value terms. In 2020, output was valued at 152.9 M $ US, showing a substantial 19.3% year-over-year increase. The lowest value was recorded in 2019 at 128.2 M $ US, with the largest decline of 12.6% occurring in 2018.

Annual dynamics of production in Southern Europe in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(12.6%)	(4.8%)	19.3%	(0.2%)

Source: SHEV.io

Exports corn oil and fractions from Southern Europe

Exports in kind, K t

Corn oil and fractions exports from Southern Europe declined for the third consecutive year. In 2020, exports stood at 23.8 K t, reflecting a significant 14.9% decrease compared to 2019. Between 2017 and 2020, exports fell by 65.5%, equating to an annualized decline rate of 29.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(20.8%)	(48.8%)	(14.9%)	(29.9%)

Source: SHEV.io

From 2017 to 2020, export destinations for corn oil and fractions from Southern Europe remained diverse. Libya accounted for 19.4% of exports in kind, Morocco for 13.0%, and the United Arab Emirates for 6.4%. Together, these three partners represented just 38.7% of total flows, with no single country emerging as clearly dominant.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

After two years of decline, Southern Europe's corn oil and fractions exports increased in value. In 2020, exports amounted to 30 520 K $ US, rising by 3.0% compared to the previous year. Between 2017 and 2020, exports decreased by 64.6%, corresponding to an annualized decline rate of 29.2%. The lowest value was recorded in 2019 at 29 618 K $ US, which also saw the largest decline of 51.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(28.5%)	(51.9%)	3.0%	(29.2%)

Source: SHEV.io

The structure of exports in value terms from 2017 to 2020 can be characterized as diversified. Libya accounted for 20.5% of exports in value terms, Morocco for 12.5%, and the United Arab Emirates for 6.5%. Collectively, these three countries represented just 39.5% of total flows, with no single partner holding a clearly dominant position.

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

Source: SHEV.io

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

Source: SHEV.io

Imports corn oil and fractions to Southern Europe

Imports in kind, K t

Following two years of decrease, corn oil and fractions imports into Southern Europe rose. In 2020, import volume reached 51.5 K t, marking a 49.0% increase compared to 2019. Between 2017 and 2020, imports decreased by 49.4%, equating to an annualized decline rate of 20.3%. The lowest volume was recorded in 2019 at 34.5 K t, which also experienced the largest decline of 56.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(21.2%)	(56.9%)	49.0%	(20.3%)

Source: SHEV.io

From 2017 to 2020, the United States, France, and Hungary were the primary sources for corn oil and fractions imports into Southern Europe. The United States accounted for 36.8% of imports in kind, France for 15.0%, and Hungary for 12.8%. Together, these three countries represented 64.6% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

After two years of decline, Southern Europe's corn oil and fractions imports increased in value. In 2020, imports amounted to 47 051 K $ US, rising by 28.9% compared to the previous year. Over the 2017-2020 period, imports decreased by 52.4%, with a compound annual decline rate of 21.9%. The lowest value was recorded in 2019 at 36 507 K $ US, which also saw the largest decline of 50.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(24.8%)	(50.8%)	28.9%	(21.9%)

Source: SHEV.io

Throughout 2017 to 2020, the United States, France, and Hungary formed the key group of partners for corn oil and fractions imports into Southern Europe in value terms. The United States accounted for 33.5% of imports in value terms, France for 18.0%, and Hungary for 12.4%. Collectively, these three countries represented 63.8% 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 Southern Europe in value, 2017-2020

Source: SHEV.io