Market research

Soybean oil and fractions market in Southern Europe

$Soybean oil and fractions market in Southern Europe$

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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"Southern Europe" region includes following countries:

Albania

Andorra

Bosnia and Herzegovina

Croatia

Gibraltar

Greece

the Holy See

Italy

Malta

Montenegro

Portugal

San Marino

Serbia

Slovenia

Spain

North Macedonia

Earlier Report Observations

From 2018 to 2020, the Southern European market for soybean oil and fractions grew consistently, with volume rising from 808 thousand tons to 919 thousand tons as production and imports both increased. This trend reversed in 2021 when a jump in exports led to a market contraction to 773 thousand tons. A recovery ensued over the next two years, propelled by strong import growth, culminating in a market volume of 1,026 thousand tons in 2023.

The following year, 2024, saw a recalibration of trade flows, with imports and exports of soybean oil both declining. This occurred alongside several influential developments: European imports of soybean meal and oilseeds rose due to climate-related yield shortfalls within the EU and concerns over potential U.S. tariffs, prompting importers to build inventories. Simultaneously, rising global demand for soybean oil—driven by its use in plant-based foods and biofuels—began shaping longer-term consumption trends in Southern Europe.

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

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

Southern Europe's production of soybean oil and fractions has grown for the third year in a row. In 2020, the region produced 1 416 K t, marking a 6.1% increase from 2019. From 2017 to 2020, production rose by 20%, which translates to an average annual growth rate of 6.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	9.5%	3.3%	6.1%	6.3%

Source: SHEV.io

In value, 2017-2020, M $ US

After declining for two years, Southern Europe's production of soybean oil and fractions rebounded in value terms. In 2020, output was valued at 1 192 M $ US, up 20.5% compared to the previous year. Between 2017 and 2020, production value increased by 11.2%, averaging 3.6% per year. The lowest value was recorded in 2019 at 989 M $ US, which saw a 6.0% drop.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.8%)	(6.0%)	20.5%	3.6%

Source: SHEV.io

Exports soybean oil and fractions from Southern Europe

Exports in kind, K t

In 2020, Southern Europe exported 664.7 K t of soybean oil and fractions, a 9.5% increase from 2019. Over the 2017-2020 period, exports grew by 24.2%, with a compound annual growth rate of 7.5%. The largest decline occurred in 2019 at 1.1%, while the biggest rise was in 2018 with a 14.6% jump.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	14.6%	(1.1%)	9.5%	7.5%

Source: SHEV.io

From 2017 to 2020, Morocco, Algeria, and Angola remained the top buyers of soybean oil and fractions from Southern Europe. Morocco accounted for 27.5% of exports in kind, Algeria for 25.4%, and Angola for 9.8%, together making up 62.7% of total exports.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

In 2020, Southern Europe's soybean oil and fractions exports reached 559.7 M $ US, a 24.4% increase from 2019. Over the 2017-2020 span, export value rose by 15.1%, averaging 4.8% annually. The lowest value was in 2019 at 449.9 M $ US, which experienced a 10.0% decline.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.8%	(10.0%)	24.4%	4.8%

Source: SHEV.io

Between 2017 and 2020, Morocco, Algeria, and Angola were the leading markets for Southern Europe's soybean oil and fractions exports in value terms. Morocco represented 25.5% of export value, Algeria 22.5%, and Angola 14.4%, collectively accounting for 62.4% of total exports.

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

Source: SHEV.io

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

Source: SHEV.io

Imports soybean oil and fractions to Southern Europe

Imports in kind, K t

Southern Europe's imports of soybean oil and fractions have increased for the third consecutive year. In 2020, imports totaled 168.0 K t, up 11.1% from 2019. From 2017 to 2020, imports surged by 82.4%, with an average annual growth rate of 22.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	40.1%	17.2%	11.1%	22.2%

Source: SHEV.io

From 2017 to 2020, imports of soybean oil and fractions to Southern Europe were distributed among many countries. Paraguay led with 22.3% of imports in kind, followed by the Netherlands at 12.8% and Germany at 12.2%, together comprising 47.3% of total imports.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

Southern Europe's imports of soybean oil and fractions have risen for the third year in a row in value terms. In 2020, imports amounted to 158.4 M $ US, a strong 21.4% increase year-over-year. Over the 2017-2020 period, import value grew by 75.8%, averaging 20.7% per year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	21.4%	19.3%	21.4%	20.7%

Source: SHEV.io

Between 2017 and 2020, no single country dominated Southern Europe's imports of soybean oil and fractions in value terms. Paraguay accounted for 19.9% of import value, Germany for 13.6%, and the Netherlands for 12.6%, together making up 46.2% of total imports, with many smaller partners holding modest shares.

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

Source: SHEV.io

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

Source: SHEV.io