Market research

Soybean oil and fractions market in Italy

$Soybean oil and fractions market in Italy$

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 Italian market for soybean oil and fractions began the period with a volume of 318.5 thousand tons in 2018, which dipped slightly to 308.2 thousand tons in 2019. A sharp turnaround followed in 2020, as market volume jumped 32.7% to 408.9 thousand tons. This increase was driven by price tensions on the Chicago Mercantile Exchange, which raised customs costs and encouraged substitution from other vegetable oils, while adverse weather conditions affected supply chains.

After the 2020 peak, the market contracted by 37.8% in 2021 to 254.3 thousand tons, then recovered modestly by 5.0% to 267.0 thousand tons in 2022.

The most pronounced growth occurred in 2023, with market volume expanding 47.2% to 392.9 thousand tons. This surge coincided with the entry into force of key EU regulations: a ban on soybean oil for biofuel production from January 2023 and the EU Deforestation Regulation from June 2023, which imposed strict due-diligence requirements. Concurrently, the well-established use of soybean oil as a plant strengthener in organic agriculture and as an adjuvant in pesticide formulations provided a stable demand foundation.

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 Italy
  1. 5.1.1. Annual dynamics of production in Italy in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Italy 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, K t
    1. 6.1.2.1. Annual dynamics of product's exports from Italy in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's exports in kind from Italy by countries, 2018-2024, K 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 Italy in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Italy 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 Italy, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Italy 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, K t
    1. 6.2.2.1. Annual dynamics of product's exports from Italy in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's exports in kind from Italy by countries, 2018-2024, K 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 Italy in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Italy 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 Italy, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Italy 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, K t
    1. 7.1.2.1. Annual dynamics of product's imports to Italy in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's imports in kind to Italy by countries, 2018-2024, K 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 Italy in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Italy 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 Italy, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Italy 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, K t
    1. 7.2.2.1. Annual dynamics of product's imports to Italy in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's imports in kind to Italy by countries, 2018-2024, K 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 Italy in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Italy 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 Italy, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Italy 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 Italy

In kind, 2017-2020, K t

Italy was one of the world's leading producers of soybean oil and fractions from 2017 to 2020, ranking 17th globally by production volume.

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

Soybean oil and fractions production in Italy grew for the third consecutive year. In 2020, Italy produced 435.5 K t of soybean oil and fractions, marking a modest increase of 5.4% compared to 2019. Over the 2017-2020 period, production rose by 17.8%, with a compound annual growth rate (CAGR) of 5.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	7.2%	4.2%	5.4%	5.6%

Source: SHEV.io

In value, 2017-2020, M $ US

Italy's soybean oil and fractions production value rebounded after a two-year decline. In 2020, output was valued at 327.0 M $ US, representing a substantial rise of 12.6% from 2019. Between 2017 and 2020, production value increased by 7.2%, equating to an annualized growth rate of 2.4%. The lowest value was recorded in 2019 at 290.4 M $ US, with the largest decline occurring in 2018 at 4.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.6%)	(0.2%)	12.6%	2.4%

Source: SHEV.io

Exports soybean oil and fractions from Italy

Exports in kind, K t

Soybean oil and fractions export volumes from Italy declined after a two-year uptick. In 2020, export volume reached 90.7 K t, reflecting a robust decrease of 20.0% compared to 2019. Over the 2017-2020 period, exports increased by 20.8%, with a CAGR of 6.5%. The peak volume was recorded in 2019 at 113.4 K t, and the largest increase occurred in 2018 at 26.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	26.5%	19.4%	(20.0%)	6.5%

Source: SHEV.io

From 2017 to 2020, Algeria (44.4% of exports in kind), Morocco (18.5%), and Tunisia (7.1%) emerged as the primary markets for Italy's soybean oil and fractions exports in kind, collectively accounting for 70.1% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Soybean oil and fractions exports from Italy decreased after a two-year uptick. In 2020, Italy exported 68 113 K $ US of soybean oil and fractions, down by 14.5% compared to 2019. Between 2017 and 2020, export value increased by 10%, equating to an annualized growth rate of 3.2%. The highest value was recorded in 2019 at 79 707 K $ US, with the largest increase also occurring in 2019 at 14.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	12.6%	14.3%	(14.5%)	3.2%

Source: SHEV.io

Throughout 2017-2020, Algeria (41.7% of exports in value terms), Morocco (18.2%), and Tunisia (6.8%) formed the key group of partners for Italy's soybean oil and fractions exports in value terms, jointly representing 66.7% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports soybean oil and fractions to Italy

Imports in kind, K t

The data shows irregular changes, indicating a volatile market environment. The lowest import volume was recorded in 2019 at 8.4 K t, while the highest was reached in 2020 at 64.1 K t, representing a peak-to-trough ratio of 7.6 times. In 2020, Italy's soybean oil and fractions import volume surged by 663.3% compared to 2019. The largest decline occurred in 2019 at 50.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	35.8%	(50.9%)	663.3%	72.1%

Source: SHEV.io

From 2017 to 2020, three principal markets — Germany, Spain, and Slovenia — together accounted for 93.5% of total imports in kind of soybean oil and fractions to Italy.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

There were noticeable fluctuations in market performance during the period. The minimum import value was recorded in 2019 at 8 061 K $ US, while the maximum was reached in 2020 at 59 734 K $ US, showing a 7.4-fold variation. In 2020, soybean oil and fractions import value to Italy increased by 641.0% from the previous year. The largest decline occurred in 2019 at 43.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	73.4%	(43.7%)	641.0%	93.4%

Source: SHEV.io

From 2017 to 2020, Germany (66.3% of imports in value terms), Spain (12.8%), and Slovenia (12.2%) formed the main cluster of markets for Italy's soybean oil and fractions imports in value terms, with a combined share of 91.3% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io