Market research

Soybean oil and fractions market in Sub-Saharan Africa

$Soybean oil and fractions market in Sub-Saharan Africa$

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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"Sub-Saharan Africa" region includes following countries:

Cabo Verde

Benin

Gambia

Ghana

Guinea

Côte d'Ivoire

Liberia

Mali

Mauritania

Niger

Nigeria

Guinea-Bissau

Saint Helena, Ascension and Tristan da Cunha

Senegal

Sierra Leone

Togo

Burkina Faso

British Indian Ocean Territory

Burundi

Comoros

Mayotte

Ethiopia

Eritrea

French Southern Territories

Djibouti

Kenya

Madagascar

Malawi

Mauritius

Mozambique

Reunion

Rwanda

Seychelles

Somalia

Zimbabwe

South Sudan

Uganda

Tanzania

Zambia

Angola

Cameroon

Central African Republic

Chad

Congo

Democratic Republic of the Congo

Equatorial Guinea

Gabon

Sao Tome and Principe

Botswana

Lesotho

Namibia

South Africa

Eswatini

Earlier Report Observations

From 2018 to 2019, the soybean oil market in Sub-Saharan Africa shifted toward domestic production. In South Africa, increased soybean cultivation and processing capacity expansion, driven by demand from the food industry and animal feed sector, raised local output. This began to replace imports, leading to a decrease in total market volume from 1 129 thousand tons in 2018 to 1 005 thousand tons in 2019.

Market volume then fluctuated, peaking at 1 330 thousand tons in 2020 before dipping to 1 182 thousand tons in 2021 and recovering to 1 224 thousand tons in 2022.

By 2023, the market surged to 1 688 thousand tons, supported by global technological advancements in soybean refining and genetically modified varieties that improved yields and quality. Concurrently, growing consumer preference for non-GMO and organic soybean oil due to health and environmental concerns bolstered demand. Initiatives in Kenya and other countries to boost local oilseed production were also launched to reduce import dependency.

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

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

Sub-Saharan Africa's production of soybean oil and fractions has grown for the third year in a row. In 2020, the region produced 504.9 thousand tonnes, marking a significant increase of 11.6% compared to 2019. From 2017 to 2020, production rose by 56.8%, which translates to an average annual growth rate of 16.2%.

Annual dynamics of production in Sub-Saharan Africa in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	16.3%	20.8%	11.6%	16.2%

Source: SHEV.io

Exports soybean oil and fractions from Sub-Saharan Africa

Exports in kind, K t

The export market for soybean oil and fractions from Sub-Saharan Africa showed an unstable pattern over the period. Exports reached their lowest point in 2018 at 13.6 thousand tonnes, then surged to a peak of 60.1 thousand tonnes in 2019, representing a 4.4-fold increase. In 2020, exports dropped to 20.9 thousand tonnes, a decline of 65.3% from the previous year. The largest decrease occurred in 2018, falling by 76.8%, while the largest increase was in 2019, rising by 340.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(76.8%)	340.2%	(65.3%)	(29.2%)

Source: SHEV.io

From 2017 to 2020, France and Special Categories were the top destinations for Sub-Saharan Africa's soybean oil and fractions exports in volume terms, together accounting for 5.0% of total exports.

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

Source: SHEV.io

World map of product's exports from Sub-Saharan Africa in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

In 2020, Sub-Saharan Africa's soybean oil and fractions exports were valued at 61.8 million US dollars, up 21.1% year-on-year. The lowest value was recorded in 2019 at 51.1 million US dollars, while the highest was in 2018 at 65.1 million US dollars. Over the period from 2017 to 2020, exports grew by 11.3%, with an average annual rate of 3.6%. The largest decline occurred in 2019, dropping by 21.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	17.2%	(21.5%)	21.1%	3.6%

Source: SHEV.io

Between 2017 and 2020, Special Categories and France led the markets for Sub-Saharan Africa's soybean oil and fractions exports in value terms, together making up 4.0% of total export flows.

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

Source: SHEV.io

World map of product's exports from Sub-Saharan Africa in value, 2017-2020

Source: SHEV.io

Imports soybean oil and fractions to Sub-Saharan Africa

Imports in kind, K t

After two years of decline, Sub-Saharan Africa's imports of soybean oil and fractions rebounded in 2020. The region imported 845.9 thousand tonnes, an increase of 38.1% compared to 2019. The lowest volume was in 2019 at 612.7 thousand tonnes, with the largest drop that year of 20.3%. From 2017 to 2020, imports rose by 6.7%, averaging 2.2% per year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.1%)	(20.3%)	38.1%	2.2%

Source: SHEV.io

The import structure for soybean oil and fractions in Sub-Saharan Africa was fragmented from 2017 to 2020. Argentina, the Netherlands, and Malaysia were the largest suppliers, with shares of 19.5%, 11.5%, and 10.5% respectively, but together they accounted for only 41.4% of total imports, showing no single country dominated the market.

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

Source: SHEV.io

World map of product's imports to Sub-Saharan Africa in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

In 2020, Sub-Saharan Africa imported soybean oil and fractions worth 723.4 million US dollars, a sharp increase of 46.5% from the previous year. The lowest value was in 2019 at 493.7 million US dollars, with the largest decline that year of 12.8%. Over the 2017-2020 period, imports grew by 40.3%, with a compound annual growth rate of 11.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	9.8%	(12.8%)	46.5%	11.9%

Source: SHEV.io

From 2017 to 2020, Argentina, the Netherlands, and Portugal were among the leading suppliers of soybean oil and fractions to Sub-Saharan Africa in value terms, with shares of 20.9%, 10.8%, and 10.3% respectively. However, even combined, they represented just 42.0% of total imports, indicating a highly diversified partner base.

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

Source: SHEV.io

World map of product's imports to Sub-Saharan Africa in value, 2017-2020

Source: SHEV.io