Market research

Soybean oil and fractions market in the United States

$Soybean oil and fractions market in the United States$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

Report language:

Report language:

Submission method: to your account

File format: docx, xlsx

Single Report

$500

Instant access to detailed data on one specific market
Ideal for one-off tasks: niche assessments, presentations, investment decisions
Available in Excel and Word in 15 minutes after purchase
Cheaper than subscription, but each market requires a separate purchase

Best if you know exactly what you need

Buy a single report

Platform Subscription

from$600

Complete and unlimited data access across products and regions
Includes continuous data updates during subscription period
Download reports instantly in Word, and Excel formats
More cost-effective for multiple markets or regular analysis

Ideal for regular data users

View pricing plans

Earlier Report Observations

The US market for soybean oil and fractions expanded from 9 944 thousand tons in 2018 to 11 259 thousand tons in 2021, with a temporary contraction to 10 226 thousand tons in 2020.

Starting in 2022, regulatory and policy drivers began to shape market growth. The implementation of USDA labeling requirements for genetically modified ingredients influenced product development, while soybean oil's role as a key feedstock for biomass-based diesel—accounting for 44% of the total—underpinned demand. In 2023, the EPA's finalization of Renewable Fuel Standard volumes for that year further supported biofuel production, and the FDA's revocation of uses for partially hydrogenated oils in foods shifted demand toward alternatives like soybean oil, contributing to a market size of 12 271 thousand tons.

Regulatory developments continued in 2024, with the EPA adjusting biofuel feedstock shares and the National Oilseed Processors Association emphasizing increased domestic crushing capacity to meet both food and fuel demand.

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

In kind, 2017-2020, K t

From 2017 to 2020, the United States ranked as the world's second-largest producer of soybean oil and fractions.

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 United States grew for the third year in a row. In 2020, output reached 11,331 thousand tonnes, remaining largely stable compared to 2019. Over the 2017-2020 period, production rose by 9.2%, with a compound annual growth rate of 3.0%.

Annual dynamics of production in the United States in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.9%	3.7%	0.4%	3.0%

Source: SHEV.io

In value, 2017-2020, M $ US

Soybean oil and fractions production in the United States increased for the third consecutive year. In 2020, the value of this output was $8,955 million, up 3.5% from the previous year. Between 2017 and 2020, production grew by 4.4%, translating to an annualized rate of 1.5%.

Annual dynamics of production in the United States in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.4%	0.5%	3.5%	1.5%

Source: SHEV.io

Exports soybean oil and fractions from the United States

Exports in kind, K t

In 2020, soybean oil and fractions exports from the United States totaled 1,239 thousand tonnes, marking a sharp 30.1% increase over the past year. Over the 2017-2020 period, exports grew by 15.8%, with a compound annual growth rate of 5.0%. The lowest volume was recorded in 2019 at 952 thousand tonnes, which also saw the largest decline of 13.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.3%	(13.9%)	30.1%	5.0%

Source: SHEV.io

From 2017 to 2020, the primary buyers of soybean oil and fractions from the United States were South Korea (27.9% of exports in kind), Mexico (14.5%), and the Dominican Republic (13.9%). Together, these three countries accounted for 56.3% of total exports in kind.

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

Source: SHEV.io

World map of product's exports from the United States in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

After a two-year decline, soybean oil and fractions exports from the United States rebounded. In 2020, export value amounted to $979.1 million, a 34.2% increase compared to 2019. Over the 2017-2020 period, exports rose by 10.8%, with a compound annual growth rate of 3.5%. The lowest value was recorded in 2019 at $729.8 million, which also experienced the largest decline of 16.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.0%)	(16.5%)	34.2%	3.5%

Source: SHEV.io

From 2017 to 2020, South Korea (26.1% of exports in value terms), Mexico (15.5%), and the Dominican Republic (13.2%) led as the top buyers of soybean oil and fractions from the United States. Their combined share reached 54.9% of total exports in value terms.

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

Source: SHEV.io

World map of product's exports from the United States in value, 2017-2020

Source: SHEV.io

Imports soybean oil and fractions to the United States

Imports in kind, K t

After a two-year increase, soybean oil and fractions imports into the United States declined. In 2020, imports totaled 134 thousand tonnes, down 20.9% from the previous year. Over the 2017-2020 period, imports decreased by 2.6%, with a compound annual growth rate of -0.9%. The highest volume was recorded in 2019 at 170 thousand tonnes, while the largest increase occurred in 2018 at 19.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	19.6%	2.9%	(20.9%)	(0.9%)

Source: SHEV.io

From 2017 to 2020, Canada effectively dominated soybean oil and fractions imports into the United States in kind, accounting for 95.9% of total flows.

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

Source: SHEV.io

World map of product's imports to the United States in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

After a two-year increase, soybean oil and fractions imports into the United States fell. In 2020, imports totaled $110.3 million, reflecting a 16.8% drop from a year earlier. Between 2017 and 2020, imports decreased by 4.7%, equating to an annualized rate of -1.6%. The highest value was recorded in 2019 at $132.5 million, while the largest increase occurred in 2018 at 12.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	12.3%	2.0%	(16.8%)	(1.6%)

Source: SHEV.io

From 2017 to 2020, imports of soybean oil and fractions into the United States in value terms were highly concentrated on Canada, which accounted for 93.4% of total flows.

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

Source: SHEV.io

World map of product's imports to the United States in value, 2017-2020

Source: SHEV.io