Market research

Groundnut oil and fractions market in Malaysia

$Groundnut oil and fractions market in Malaysia$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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Earlier Report Observations

Between 2018 and 2023, the Malaysian groundnut oil market showed notable volatility. In physical terms, market volume increased from 4 291 t in 2018 to 5 231 t in 2019, then declined to 4 471 t in 2021 before recovering to 5 333 t in 2022 and dropping to 4 332 t in 2023. In value terms, the market followed a similar trajectory, rising from $10.2 million in 2018 to $15.4 million in 2022, then falling to $12.0 million in 2023.

Trade data for 2024 and 2025 revealed significant shifts. Imports surged to 6 123 t in 2024 before falling to 2 093 t in 2025, while exports grew steadily. These movements coincided with strong consumer trends towards natural, chemical-free, and organic cooking oils, which boosted demand for unrefined groundnut oil. Additionally, Malaysia's biofuel policies, including the end of blanket fuel subsidies and proposed B30 biodiesel mandates, indirectly affected the vegetable oils market. Regulatory changes, such as mandatory SIRIM certification for engine oils in 2025 and ongoing labeling requirements under Malaysian Standards MS 1529, also shaped the market environment.

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. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2025
    3. 4.1.2.3. Exports, 2018-2025
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Malaysia
  1. 5.1.1. Annual dynamics of production in Malaysia in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Malaysia 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. 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 Malaysia in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Malaysia by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Malaysia in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Malaysia by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  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 Malaysia, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Malaysia by countries, 2018-2025, $ 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 Malaysia in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Malaysia by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Malaysia in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Malaysia by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  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 Malaysia, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Malaysia by countries, 2018-2025, $ 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 Malaysia in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Malaysia by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Malaysia in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Malaysia by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  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 Malaysia, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Malaysia by countries, 2018-2025, $ 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 Malaysia in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Malaysia by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Malaysia in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Malaysia by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  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 Malaysia, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Malaysia 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 groundnut oil and fractions in Malaysia

In kind, 2018-2021, t

Top producers of groundnut oil and fractions, 2018-2021

Source: SHEV.io

World map of production of groundnut oil and fractions, 2018-2021

Source: SHEV.io

Malaysia's groundnut oil and fractions production declined for the second consecutive year. In 2021, the country produced 3 441 tonnes, marking a moderate 5.6% decrease compared to the previous year. Looking at the broader 2018-2021 period, production actually grew by 15.3%, with an average annual growth rate of 4.9%. The peak production occurred in 2019 at 3 731 tonnes, which also saw the largest annual increase of 25.0%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	25.0%	(2.3%)	(5.6%)	4.9%

Source: SHEV.io

In value, 2018-2021, K $ US

Malaysia's groundnut oil and fractions production value increased for the third consecutive year. In 2021, output was valued at 10 342 thousand US dollars, reflecting an 8.2% year-over-year rise. Over the 2018-2021 period, production value grew by 32.6%, with a compound annual growth rate of 9.9%.

Annual dynamics of production in Malaysia in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	17.7%	4.1%	8.2%	9.9%

Source: SHEV.io

Exports groundnut oil and fractions from Malaysia

Exports in kind, t

Malaysia's groundnut oil and fractions exports increased for the third consecutive year. In 2021, exports totaled 721 tonnes, showing a slight 2.3% rise compared to the previous year. Over the 2018-2021 period, exports grew by 47.3%, with an average annual growth rate of 13.8%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	10.6%	30.2%	2.3%	13.8%

Source: SHEV.io

Between 2018 and 2021, two markets dominated Malaysia's groundnut oil and fractions exports in volume terms: Singapore and Japan together accounted for 88.4% of total exports, while the remaining volume was distributed across various other countries.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Malaysia's groundnut oil and fractions export value increased for the third consecutive year. In 2021, exports reached 2 168 thousand US dollars, indicating a robust 17.3% year-over-year growth. Over the 2018-2021 period, export value surged by 69.4%, with a compound annual growth rate of 19.2%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	4.0%	38.8%	17.3%	19.2%

Source: SHEV.io

Throughout 2018-2021, Singapore and Japan clearly dominated Malaysia's groundnut oil and fractions exports in value terms, jointly accounting for 85.6% of total flows, while other countries held much smaller shares.

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

Source: SHEV.io

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

Source: SHEV.io

Imports groundnut oil and fractions to Malaysia

Imports in kind, t

In 2021, Malaysia's groundnut oil and fractions imports amounted to 1 752 tonnes, showing a 14.2% decrease compared to 2020. Over the 2018-2021 period, imports declined by 2.4%, equating to an average annual decrease of 0.8%. The highest import volume was recorded in 2019 at 2 042 tonnes, which also saw the largest annual increase of 13.7%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	13.7%	(0.0%)	(14.2%)	(0.8%)

Source: SHEV.io

Throughout 2018-2021, China was the central partner for Malaysia's groundnut oil and fractions imports in volume terms, accounting for 74.3% of total flows, while other markets formed a less significant portion.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

After two years of growth, Malaysia's groundnut oil and fractions import value declined in 2021. Imports were recorded at 4 455 thousand US dollars, constituting a 5.8% decrease from 2020. Over the 2018-2021 period, import value increased by 21.6%, with an average annual growth rate of 6.7%. The peak value occurred in 2020 at 4 729 thousand US dollars, while the largest annual increase was in 2019 at 15.8%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	15.8%	11.4%	(5.8%)	6.7%

Source: SHEV.io

Between 2018 and 2021, two markets played leading roles in Malaysia's groundnut oil and fractions imports in value terms: China and the United States together accounted for 94.0% of total flows, while the remainder was distributed among other destinations.

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

Source: SHEV.io

World map of product's imports to Malaysia in value, 2018-2021

Source: SHEV.io