Market research

Soybean oil and fractions market in Russia

$Soybean oil and fractions market in Russia$

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

Between 2018 and 2021, the Russian soybean oil market experienced fluctuations, reaching 406 thousand tonnes in 2021. This rise was driven by growing demand in major cities and a consumer shift toward soybean oil as part of healthier eating habits. However, unfavorable agroclimatic conditions in 2020 reduced oilseed processing output, temporarily contracting the market to 282 thousand tonnes.

From 2022 onward, geopolitical tensions and sanctions affected component imports, boosting domestic demand for local vegetable oils. The reduction of export duties on sunflower oil in 2023 altered competitive dynamics, while the extension of GMO soybean import permissions until 2025 secured raw material supply. Alongside increased production capacities, these factors pushed the market to 614 thousand tonnes in 2023, followed by a correction to 555 thousand tonnes in 2024 as exports rose. By 2025, production reached 1 214 thousand tonnes, supported by new processing plant launches and upcoming regulatory measures like mandatory labeling and a new GOST standard.

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. Delta residuals, 2018-2025
    2. 4.1.1.2. Production, 2018-2025
    3. 4.1.1.3. Imports, 2018-2024
    4. 4.1.1.4. Exports, 2018-2024
    5. 4.1.1.5. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Russia, 2018–2026 (2026 — for 1 months)
  1. 5.1.1. Annual dynamics of production Russia in kind, 2018–2026 (2026 — for 1 months), K t
  2. 5.1.2. Production by federal districts of Russia, 2018–2026 (2026 — for 1 months), K t
  3. 5.1.3. Structure of production by federal districts, 2018–2026 (2026 — for 1 months)
  4. 5.1.4. Dynamics of production structure by federal districts, 2018–2026 (2026 — for 1 months)
  5. 5.1.5. Monthly dynamics of production, 2017-2024, K t
2. 5.2. Shipments, 2018–2026 (2026 — for 1 months)
  1. 5.2.1. Annual dynamics of shipments in Russia, 2018–2026 (2026 — for 1 months), K t
  2. 5.2.2. Shipments by federal districts of Russia, 2018–2026 (2026 — for 1 months), K t
  3. 5.2.3. Structure of shipments by federal districts, 2018–2026 (2026 — for 1 months)
  4. 5.2.4. Dynamics of shipments structure by federal districts, 2018–2026 (2026 — for 1 months)
3. 5.3. Warehouse Residuals, 2018–2026 (2026 — for 1 months)
  1. 5.3.1. Monthly dynamics of warehouse residuals, 2018–2026 (2026 — for 1 months), K t
4. 5.4. Average producer prices, 2018-2026
  1. 5.4.1. 10.41.21 - Soybean oil and its unrefined fractions, $ US/t
  2. 5.4.2. 10.41.51 - Soybean oil and its fractions, refined but not chemically modified, $ US/t
5. 5.5. Global production by Country, 2018-2023
  1. 5.5.1. Annual dynamics of production by country in kind, 2018-2023, K t
  2. 5.5.2. Structure of production by countries in kind, 2018-2023
  3. 5.5.3. 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 Russia in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Russia 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 Russia in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Russia 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 Russia, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Russia 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 Russia in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Russia 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 Russia in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Russia 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 Russia, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Russia 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 Russia in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Russia 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 Russia in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Russia 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 Russia, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Russia 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 Russia in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Russia 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 Russia in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Russia 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 Russia, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Russia 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 Russia

In kind, 2018-2021, K t

From 2018 to 2021, Russia ranked seventh globally in terms of soybean oil and fractions production volume.

Top producers of soybean oil and fractions, 2018-2021

Source: SHEV.io

World map of production of soybean oil and fractions, 2018-2021

Source: SHEV.io

Russia's production of soybean oil and fractions declined for the second year in a row. In 2021, the country produced 815 K t, which was 3.2% lower than the previous year. Over the 2018-2021 period, production fell by 4.7%, with an average annual growth rate of 1.6%. The highest production level was recorded in 2019 at 861 K t, with the largest year-on-year increase of 0.6% also occurring that year.

Annual dynamics of production in Russia in kind, 2018-2021, K t

Parameter		2019	2020	2021	CAGR
1	Change from last year	0.6%	(2.1%)	(3.2%)	(1.6%)

Source: SHEV.io

Exports soybean oil and fractions from Russia

Exports in kind, K t

Following two years of growth, Russia's exports of soybean oil and fractions declined. In 2021, the country exported 464.8 K t, down 23.9% from the previous year. Between 2018 and 2021, exports decreased by 17.6%, representing an average annual decline of 6.2%. The peak export volume was in 2020 at 611.0 K t, while the largest year-on-year increase of 6.6% was recorded in 2019.

Annual dynamics of product's exports from Russia in kind, 2018-2021, K t

Parameter		2019	2020	2021	CAGR
1	Change from last year	6.6%	1.6%	(23.9%)	(6.2%)

Source: SHEV.io

From 2018 to 2021, the main destinations for Russia's soybean oil and fractions exports were China, Algeria, and Cuba. China accounted for 39.8% of exports, Algeria for 27.4%, and Cuba for 6.3%. Together, these three countries represented 73.5% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Russia in kind, 2018-2021

Source: SHEV.io

Exports in value, M $ US

Russia's exports of soybean oil and fractions in value terms grew for the second consecutive year. In 2021, exports amounted to 532.2 M $ US, a significant increase of 20.1% compared to 2020. Over the 2018-2021 period, exports rose by 31.2%, with an average annual growth rate of 9.5%. The lowest value was recorded in 2019 at 398.0 M $ US, which also saw the largest decline of 1.9%.

Annual dynamics of product's exports from Russia in value, 2018-2021, M $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(1.9%)	11.3%	20.1%	9.5%

Source: SHEV.io

From 2018 to 2021, China, Algeria, and Cuba remained the top buyers of Russian soybean oil and fractions in value terms. China accounted for 38.9% of exports, Algeria for 28.2%, and Cuba for 5.8%. Collectively, these three countries made up 72.9% of total export value.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Russia in value, 2018-2021

Source: SHEV.io

Imports soybean oil and fractions to Russia

Imports in kind, K t

After two years of growth, Russia's imports of soybean oil and fractions in volume terms declined. In 2021, the country imported 49.9 K t, a notable drop of 21.3% year-over-year. Between 2018 and 2021, imports increased by 50.8%, with an average annual growth rate of 14.7%. The highest import volume was in 2020 at 63.4 K t, while the largest year-on-year increase of 53.6% occurred in 2019.

Annual dynamics of product's imports to Russia in kind, 2018-2021, K t

Parameter		2019	2020	2021	CAGR
1	Change from last year	53.6%	24.8%	(21.3%)	14.7%

Source: SHEV.io

From 2018 to 2021, Russia's imports of soybean oil and fractions were heavily concentrated, with Belarus accounting for 98.3% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Russia in kind, 2018-2021

Source: SHEV.io

Imports in value, M $ US

Russia's imports of soybean oil and fractions in value terms increased for the third consecutive year. In 2021, imports totaled 532.2 M $ US, up 19.4% from the previous year. Over the 2018-2021 period, imports surged by 146.8%, with an average annual growth rate of 35.1%.

Annual dynamics of product's imports to Russia in value, 2018-2021, M $ US