Market research

Palm oil and fractions market in Benin

$Palm oil and fractions market in Benin$

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

In 2018, Benin's palm oil sector was declining due to inadequate adaptation to climate change and competition from global producers, which disorganized local plantations. This contributed to a reduction in market volume from 322 000 tons in 2018 to 158 500 tons in 2020. In response, the government launched a national development program in 2020, including large-scale planting campaigns and the strengthening of processing equipment, aiming to revive the industry.

These revival efforts, featuring subsidies covering 50% of seedling costs and the establishment of storage centers, led to a steady increase in domestic production from 75 000 tons in 2018 to 100 000 tons in 2023. Additionally, a surge in global vegetable oil prices in 2022 prompted the government to cap retail prices at 1 300 CFA francs per liter. As a result, the market volume recovered to 255 900 tons by 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, 2018-2024
    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 Benin
  1. 5.1.1. Annual dynamics of production in Benin in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Benin 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, 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, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Benin in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Benin 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 Benin in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Benin 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 Benin, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Benin 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 Benin in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Benin 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 Benin in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Benin 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 Benin, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Benin 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 Benin in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Benin 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 Benin in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Benin 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 Benin, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Benin 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 Benin in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Benin 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 Benin in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Benin 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 Benin, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Benin 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 palm oil and fractions in Benin

In kind, 2017-2020, t

Top producers of palm oil and fractions, 2017-2020

Source: SHEV.io

World map of production of palm oil and fractions, 2017-2020

Source: SHEV.io

Benin's palm oil and fractions production has increased for the third consecutive year. In 2020, the country produced 80 000 tonnes, marking a slight 2.6% increase compared to 2019. Between 2017 and 2020, production grew by 14.3%, which translates to an annualized growth rate of 4.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	7.1%	4.0%	2.6%	4.6%

Source: SHEV.io

In value, 2017-2020, K $ US

Palm oil and fractions production in Benin declined for the second consecutive year. In 2020, the output was valued at 40 189 thousand US dollars, showing a dramatic decline of 27.9% compared to the previous year. Over the period from 2017 to 2020, production decreased by 26.8%, with a compound annual growth rate (CAGR) of -9.9%. The maximum value was recorded in 2018 at 70 926 thousand US dollars, which also saw the largest increase of 29.2%.

Annual dynamics of production in Benin in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	29.2%	(21.4%)	(27.9%)	(9.9%)

Source: SHEV.io

Exports palm oil and fractions from Benin

Exports in kind, K t

Palm oil and fractions exports from Benin declined for the third consecutive year. In 2020, exports stood at 6.7 thousand tonnes, marking a decrease of 27.3% compared to the previous year. Between 2017 and 2020, exports decreased by 63.8%, equating to an annualized decline rate of 28.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(27.8%)	(31.1%)	(27.3%)	(28.8%)

Source: SHEV.io

From 2017 to 2020, Nigeria remained the leading buyer of palm oil and fractions from Benin, accounting for 83.9% of total exports in kind, while the rest was distributed across many other countries.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

Foreign palm oil and fractions supplies from Benin declined for the third consecutive year. In 2020, exports totalled 3.4 million US dollars, indicating a steep decline of 48.9% versus the previous year. Over the period from 2017 to 2020, exports decreased by 76.8%, with a compound annual growth rate (CAGR) of -38.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(12.9%)	(48.0%)	(48.9%)	(38.6%)

Source: SHEV.io

In the period from 2017 to 2020, the market structure was highly concentrated, with Nigeria alone responsible for 90.4% 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 Benin in value, 2017-2020

Source: SHEV.io

Imports palm oil and fractions to Benin

Imports in kind, K t

Palm oil and fractions imports to Benin declined for the second consecutive year. In 2020, imports reached 85.2 thousand tonnes, corresponding to a dramatic loss of 47.3% compared to 2019. Between 2017 and 2020, imports decreased by 62.3%, equating to an annualized decline rate of 27.7%. The maximum volume was recorded in 2018 at 260.7 thousand tonnes, which also saw the largest increase of 15.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	15.5%	(38.0%)	(47.3%)	(27.7%)

Source: SHEV.io

From 2017 to 2020, three main markets—Malaysia, Indonesia, and Togo—together absorbed 75.7% of total imports in kind of palm oil and fractions to Benin.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

The volume of palm oil and fractions imports to Benin declined for the second consecutive year. In 2020, imports amounted to 69.9 million US dollars, reflecting a sharp decrease of 42.6% compared with 2019. Over the period from 2017 to 2020, imports decreased by 65.2%, with a compound annual growth rate (CAGR) of -29.6%. The maximum value was recorded in 2018 at 236.7 million US dollars, which saw the largest increase of 17.9%. In 2019, the largest decline of 48.6% was recorded.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	17.9%	(48.6%)	(42.6%)	(29.6%)

Source: SHEV.io

From 2017 to 2020, Malaysia (39.9% of imports in value terms), Indonesia (24.4% of imports in value terms), and Togo (12.1% of imports in value terms) together absorbed 76.4% of total imports in value terms of palm oil and fractions to Benin, making them the main sources.

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

Source: SHEV.io

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

Source: SHEV.io