Market research

Palm oil and fractions market in Nicaragua

$Palm oil and fractions market in Nicaragua$

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 palm oil market in Nicaragua grew from 2018, supported by the country's role as a key intraregional buyer in Central America, which stimulated demand. The agro-industrial sector's focus on increasing production and exports led to a significant rise in domestic output by 2019, contributing to market expansion.

After reaching a peak in 2020, market volume contracted in 2021 due to a surge in export shipments. However, sustained regional demand for palm oil in Central America, with exports rising sharply between 2018 and 2022, helped the domestic market recover by 2022. In 2023, substantial investments near $400 million for plantations and processing infrastructure, along with the implementation of a technical standard for sustainable cultivation, provided a regulatory framework for new market entrants and supported long-term sector development, even as export volumes declined.

In 2024, the El Niño climate phenomenon reduced production in the first half of the year, affecting local supply. Ongoing investments and the established regulatory environment for sustainable cultivation continued to underpin market activity.

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 Nicaragua
  1. 5.1.1. Annual dynamics of production in Nicaragua in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Nicaragua 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. 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 Nicaragua in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Nicaragua by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Nicaragua in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Nicaragua by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  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 Nicaragua, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Nicaragua by countries, 2018-2024, $ 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 Nicaragua in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Nicaragua by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Nicaragua in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Nicaragua by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  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 Nicaragua, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Nicaragua by countries, 2018-2024, $ 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 Nicaragua in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Nicaragua by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Nicaragua in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Nicaragua by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  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 Nicaragua, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Nicaragua by countries, 2018-2024, $ 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 Nicaragua in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Nicaragua by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Nicaragua in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Nicaragua by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  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 Nicaragua, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Nicaragua 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, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, 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 Nicaragua

In kind, 2017-2020, K t

From 2017 to 2020, Nicaragua ranked as the 25th largest global producer of palm oil and fractions.

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

Nicaragua's production of palm oil and fractions grew for the third year in a row. In 2020, the country produced 134.0 thousand tons, marking a gradual increase of 4.6% compared to the previous year. Between 2017 and 2020, production rose by 80.3%, which translates to an average annual growth rate of 21.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	7.7%	60.0%	4.6%	21.7%

Source: SHEV.io

In value, 2017-2020, K $ US

Nicaragua's production value of palm oil and fractions increased for the second consecutive year. In 2020, the output was valued at 85 860 thousand US dollars, up by 34.0% from the year before. From 2017 to 2020, production value grew by 74.4%, averaging 20.4% per year. The lowest value was recorded in 2018 at 47 795 thousand US dollars. The largest decline occurred in 2018, at 2.9%, while the biggest increase was in 2019, at 34.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.9%)	34.1%	34.0%	20.4%

Source: SHEV.io

Exports palm oil and fractions from Nicaragua

Exports in kind, t

Following two years of growth, Nicaragua's export volume of palm oil and fractions declined. In 2020, exports totaled 68 783 tons, down by 3.2% from the previous year. Over the 2017-2020 period, exports increased by 135.8%, with a compound annual growth rate of 33.1%. The peak was in 2019 at 71 052 tons, which also saw the largest increase of 66.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	46.7%	66.1%	(3.2%)	33.1%

Source: SHEV.io

From 2017 to 2020, Mexico was the leading buyer of palm oil and fractions from Nicaragua, accounting for 76.9% of total exports by volume, with other countries making up the remainder.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Nicaragua's export value of palm oil and fractions rose for the third consecutive year. In 2020, exports reached 44 089 thousand US dollars, a substantial gain of 23.9% compared to 2019. Between 2017 and 2020, export value increased by 128.1%, with an average annual growth rate of 31.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	32.3%	39.2%	23.9%	31.6%

Source: SHEV.io

Throughout 2017-2020, Mexico dominated Nicaragua's palm oil and fractions exports in value terms, capturing 78.0% of total flows, while other countries held much smaller shares.

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

Source: SHEV.io

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

Source: SHEV.io

Imports palm oil and fractions to Nicaragua

Imports in kind, t

Nicaragua's import volume of palm oil and fractions grew for the third year in a row. In 2020, imports stood at 58 386 tons, showing a modest uptick of 7.0% from the previous year. Over the 2017-2020 period, imports increased by 15.3%, with a compound annual growth rate of 4.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	6.0%	1.7%	7.0%	4.9%

Source: SHEV.io

Between 2017 and 2020, three key markets—Guatemala, Costa Rica, and Honduras—together accounted for 91.8% of Nicaragua's total imports of palm oil and fractions by volume.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

After two years of decline, Nicaragua's import value of palm oil and fractions increased. In 2020, imports reached 52 084 thousand US dollars, advancing by 29.0% compared to the previous year. From 2017 to 2020, import value grew by 7.3%, with an average annual rate of 2.4%. The lowest value was in 2019 at 40 369 thousand US dollars, which also saw the largest decline of 11.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(6.3%)	(11.2%)	29.0%	2.4%

Source: SHEV.io

From 2017 to 2020, Guatemala (42.2% of import value), Honduras (25.8%), and Costa Rica (25.8%) formed the core group of markets for Nicaragua's palm oil and fractions imports, together representing 93.9% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io