Market research

Soybean oil and fractions market in MENA

$Soybean oil and fractions market in MENA$

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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"MENA" region includes following countries:

Algeria

Bahrain

Djibouti

Egypt

Israel

Jordan

Iran

Iraq

Qatar

Kuwait

Lebanon

Libya

Malta

Morocco

the United Arab Emirates

Oman

Saudi Arabia

Syria

Tunisia

Yemen

Earlier Report Observations

The soybean oil market in the MENA region experienced notable volume fluctuations between 2018 and 2023. Consumption initially rose from 3 072 thousand tonnes in 2018 to 3 485 thousand tonnes in 2019, then receded to 3 303 thousand tonnes in 2020.

Market volume recovered and grew over the next two years, reaching 3 578 thousand tonnes by 2022. This expansion was primarily driven by global supply disruptions for alternative vegetable oils, such as palm and rapeseed oil, due to droughts and geopolitical tensions, which increased competition for soybean oil and boosted its import into the region. Concurrently, rising consumer preference for non-GMO and organic soybean oil, fueled by health and sustainability awareness, strengthened local demand.

In 2023, the market contracted sharply to 2 917 thousand tonnes, representing a significant correction from the previous peak.

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 MENA
  1. 5.1.1. Annual dynamics of production in MENA 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 Algeria in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Algeria 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 Algeria in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Algeria 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 Algeria, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Algeria 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 Algeria in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Algeria 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 Algeria in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Algeria 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 Algeria, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Algeria 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 Algeria in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Algeria 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 Algeria in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Algeria 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 Algeria, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Algeria 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 Algeria in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Algeria 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 Algeria in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Algeria 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 Algeria, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Algeria 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 MENA

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

Soybean oil and fractions production in the MENA region has grown for the third year in a row. In 2020, production reached 1 581 thousand tonnes, marking a 15.4% increase from 2019. Looking at the period from 2017 to 2020, production rose by 54.5%, which translates to an average annual growth rate of 15.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	31.4%	2.0%	15.4%	15.6%

Source: SHEV.io

In value, 2017-2020, M $ US

In 2020, the value of soybean oil and fractions produced in MENA was 4 291 million US dollars, showing a sharp rise of 39.9% compared to the previous year. From 2017 to 2020, production value increased by 90.5%, averaging 24.0% per year. The most significant drop occurred in 2019, at 7.9%, while the largest increase was in 2018, at 47.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	47.9%	(7.9%)	39.9%	24.0%

Source: SHEV.io

Exports soybean oil and fractions from MENA

Exports in kind, K t

Market performance showed notable fluctuations during this period. The peak-to-trough amplitude from 2018 to 2020 was 3.4 times. In 2020, MENA exported 287 thousand tonnes of soybean oil and fractions, a substantial increase of 93.3% from the previous year. The lowest export volume was recorded in 2018 at 84 thousand tonnes, which also saw the largest decline of 35.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(35.1%)	76.0%	93.3%	30.2%

Source: SHEV.io

From 2017 to 2020, exports in kind were distributed across a diverse range of partner countries. India accounted for 9.0% of exports, Mauritania for 4.0%, and Mauritius for 3.9%, together making up just 16.9% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

Exports of soybean oil and fractions from MENA have increased for the third consecutive year. In 2020, export value reached 258 million US dollars, a dramatic uptick of 27.6% compared to 2019. Between 2017 and 2020, exports grew by 85.1%, equating to an average annual rate of 22.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	9.0%	33.0%	27.6%	22.8%

Source: SHEV.io

During 2017–2020, exports in value terms were spread across many countries. India contributed 7.6% of export value, Mauritania 4.7%, and Senegal 4.5%, with these three countries jointly accounting for only 16.8% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports soybean oil and fractions to MENA

Imports in kind, K t

In 2020, MENA's imports of soybean oil and fractions totaled 2 009 thousand tonnes, indicating a strong drop of 11.2% from 2019. The minimum import volume was in 2018 at 1 812 thousand tonnes, while the maximum was in 2019 at 2 263 thousand tonnes. The largest increase occurred in 2019, at 24.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(8.9%)	24.9%	(11.2%)	0.4%

Source: SHEV.io

From 2017 to 2020, Argentina, Spain, and Russia were the main sources for imports in kind of soybean oil and fractions to MENA. Argentina accounted for 35.2% of imports, Spain for 13.1%, and Russia for 10.6%, together representing 58.9% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

In 2020, MENA's imports of soybean oil and fractions were valued at 1 588 million US dollars, showing a slight decrease of 0.7% from the previous year. Between 2017 and 2020, imports declined by 3.7%, averaging a 1.2% annual decrease. The lowest value was recorded in 2018 at 1 395 million US dollars, which also saw the largest decline of 15.3%. The largest increase was in 2019, at 14.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(15.3%)	14.6%	(0.7%)	(1.2%)

Source: SHEV.io

Over 2017–2020, Argentina, Spain, and Russia made the biggest contributions to imports in value terms. Argentina accounted for 34.9% of import value, Spain for 12.7%, and Russia for 10.2%, jointly representing 57.8% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io