Market research

Soybean oil and fractions market in Americas

$Soybean oil and fractions market in Americas$

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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"Americas" region includes following countries:

Bermuda

Canada

Greenland

Saint Pierre and Miquelon

the United States

Argentina

Bolivia

Bouvet Island

Brazil

Chile

Colombia

Ecuador

Falkland Islands (Malvinas)

South Georgia and the South Sandwich Islands

French Guiana

Guyana

Paraguay

Peru

Suriname

Uruguay

Venezuela

Belize

Costa Rica

El Salvador

Guatemala

Honduras

Mexico

Nicaragua

Panama

Antigua and Barbuda

the Bahamas

Barbados

British Virgin Islands

Cayman Islands

Cuba

Dominica

Dominican Republic

Grenada

Guadeloupe

Haiti

Jamaica

Martinique

Montserrat

Curacao

Aruba

Saint Maarten (Dutch part)

Bonaire

Puerto Rico

Saint-Barthélemy

Saint Kitts and Nevis

Anguilla

Saint Lucia

Saint-Martin (French Part)

Saint Vincent and the Grenadines

Trinidad and Tobago

Turks and Caicos Islands

United States Virgin Islands

Earlier Report Observations

The market volume for soybean oil in the Americas experienced notable fluctuations between 2018 and 2023, with peaks in 2019 and 2021 followed by declines in 2020 and 2022. These movements were partly attributable to climatic factors such as La Niña, which disrupted soybean production in major producing countries like Brazil and Argentina, affecting oil supply. Concurrently, rising demand for healthier oils and increased use in biodiesel production provided a baseline support for market consumption.

The recovery to 25 642 thousand tons in 2023 was bolstered by specific regulatory shifts, including enhanced biofuel blending mandates that directly raised soybean oil demand for biodiesel. Advancements in processing technology and a growing consumer preference for non-GMO and organic products further stimulated market growth, with leading firms like ADM, Bunge, and Cargill reinforcing their supply chains through sustainability investments.

In 2024, key events included a record soybean harvest in Brazil and the adjustment of the biodiesel blend requirement to B15, reshaping the biofuel policy environment. The commissioning of new processing facilities in the United States, alongside initiatives promoting sustainable grain production, underscored the industry's focus on operational efficiency and environmental stewardship.

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 Americas
  1. 5.1.1. Annual dynamics of production in Americas 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, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Bermuda in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Bermuda 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 Bermuda in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Bermuda 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 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, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Bermuda in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Bermuda 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 Bermuda in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Bermuda 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 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, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Bermuda in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Bermuda 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 Bermuda in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Bermuda 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 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, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Bermuda in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Bermuda 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 Bermuda in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Bermuda 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 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, 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 soybean oil and fractions in Americas

In kind, 2017-2020, K t

Top producers of soybean oil and fractions, 2017-2020

Source: SHEV.io

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

Source: SHEV.io

In 2019, soybean oil and fractions production in the Americas reached its peak at 33 926 K t, marking an 11.9% increase. However, production declined to 30 324 K t in 2018, which was the lowest point during the period. By 2020, output stood at 30 503 K t, showing a 10.1% decrease from the previous year. Overall, from 2017 to 2020, production fell by 2.1%, averaging an annual decline of 0.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.6%)	11.9%	(10.1%)	(0.7%)

Source: SHEV.io

In value, 2017-2020, M $ US

Soybean oil and fractions production in the Americas increased for the second consecutive year in 2020, with output valued at 23 006 M $ US, showing little change from the year before. The lowest value was recorded in 2018 at 22 394 M $ US, reflecting an 8.0% decline. In 2019, production rose by 2.2%. Over the period from 2017 to 2020, production decreased by 5.5%, with an average annual decline of 1.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(8.0%)	2.2%	0.5%	(1.9%)

Source: SHEV.io

Exports soybean oil and fractions from Americas

Exports in kind, K t

Soybean oil and fractions exports from the Americas increased for the second consecutive year in 2020, with shipments totaling 7 193 K t, showing minimal change from the previous year. The lowest export volume was in 2018 at 6 468 K t, marking a 10.9% decline. In 2019, exports grew by 10.9%. Overall, from 2017 to 2020, exports decreased by 4.4%, with a compound annual growth rate of -1.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(10.9%)	10.9%	0.3%	(0.3%)

Source: SHEV.io

From 2017 to 2020, India, Bangladesh, and China were the key export partners for soybean oil and fractions from the Americas in terms of volume. India accounted for 44.7% of exports, Bangladesh for 10.8%, and China for 6.3%. Together, these three countries represented 61.8% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

Soybean oil and fractions exports from the Americas increased for the second consecutive year in 2020, totaling 5 425 M $ US, up by 12.2% year-over-year. The lowest value was recorded in 2018 at 4 777 M $ US, reflecting a 15.8% decline. Over the period from 2017 to 2020, exports decreased by 4.4%, with a compound annual growth rate of -1.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(15.8%)	1.3%	12.2%	(1.5%)

Source: SHEV.io

From 2017 to 2020, India, Bangladesh, and China were the largest buyers of soybean oil and fractions from the Americas in value terms. India accounted for 44.0% of exports, Bangladesh for 10.6%, and China for 6.1%. Collectively, these three countries made up 60.7% of total export value.

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

Source: SHEV.io

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

Source: SHEV.io

Imports soybean oil and fractions to Americas

Imports in kind, K t

In 2020, the Americas imported 1 830 K t of soybean oil and fractions, showing a dramatic 26.1% increase compared to 2019. The largest decline occurred in 2019, with a 20.6% drop, while the largest increase was in 2018 at 29.1%. Over the period from 2017 to 2020, imports grew by 29.3%, averaging an annual increase of 8.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	29.1%	(20.6%)	26.1%	8.9%

Source: SHEV.io

From 2017 to 2020, Russia was the main partner for soybean oil and fractions imports into the Americas in terms of volume, accounting for 3.1% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

After a two-year decline, soybean oil and fractions imports into the Americas increased in 2020, totaling 1 909 M $ US, up by 30.5% from the previous year. The lowest value was in 2019 at 1 463 M $ US, marking a 14.5% decline. Over the period from 2017 to 2020, imports rose by 6.9%, with a compound annual growth rate of 2.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.2%)	(14.5%)	30.5%	2.3%

Source: SHEV.io

From 2017 to 2020, Russia played a central role in soybean oil and fractions imports into the Americas in value terms, accounting for 3.3% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io