Market research

Soybean oil and fractions market in Western Europe

$Soybean oil and fractions market in Western Europe$

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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"Western Europe" region includes following countries:

Austria

Belgium

France

Germany

Liechtenstein

Luxembourg

Monaco

the Netherlands

Switzerland

Earlier Report Observations

From 2018 to 2020, the soybean oil market in Western Europe expanded gradually, with volume rising from 929 thousand tonnes to 967 thousand tonnes. In 2018, French authorities launched a plan to cultivate 250 000 hectares of non-GMO soy by 2030, aiming to replace imports and support local production. Although global soybean and oil output remained stable, the Asia-Pacific food industry's growth from 2020 onward boosted worldwide demand for soybean oil, contributing to market expansion in Europe.

After a dip to 928 thousand tonnes in 2021, the market recovered to 954 thousand tonnes in 2022, supported by rapidly growing demand for epoxidized soybean oil (ESBO) used in bio-based plastics and sustainable materials. Environmental regulations further favored bio-based products. In 2023, market volume surged by 23% to 1 174 thousand tonnes, driven by strong consumer preference for non-GMO and organic oils in Europe, alongside global demand for high-oleic and sustainable vegetable oils. Major players like ADM expanded high-oleic soybean oil programs, responding to these trends.

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

In 2020, Western Europe produced 1 545 K t of soybean oil and fractions, marking a 5.5% increase from the previous year. Over the 2017-2020 period, production grew by 12.9%, with a compound annual growth rate of 4.1%. The largest decline occurred in 2019, when production fell by 2.3%, while the most significant increase was in 2018, with a 9.5% rise.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	9.5%	(2.3%)	5.5%	4.1%

Source: SHEV.io

In value, 2017-2020, M $ US

In 2020, the output of soybean oil and fractions in Western Europe was valued at 1 436 M $ US, representing a 17.2% increase compared to 2019. From 2017 to 2020, production value rose by 10.7%, with a compound annual growth rate of 3.4%. The minimum value was recorded in 2019 at 1 225 M $ US, which also saw the largest decline of 7.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.1%	(7.5%)	17.2%	3.4%

Source: SHEV.io

Exports soybean oil and fractions from Western Europe

Exports in kind, K t

In 2020, Western Europe exported 790.1 K t of soybean oil and fractions, showing a slight improvement of 1.9% year-over-year. Over the 2017-2020 period, exports increased by 4.2%, with a compound annual growth rate of 1.4%. The maximum volume was recorded in 2018 at 879.2 K t, which also experienced the largest increase of 16.0%, while the largest decline occurred in 2019 with an 11.8% drop.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	16.0%	(11.8%)	1.9%	1.4%

Source: SHEV.io

From 2017 to 2020, the United Kingdom, Morocco, and South Africa were the largest buyers of soybean oil and fractions from Western Europe, accounting for 17.6%, 12.7%, and 7.9% of exports in kind, respectively. However, their combined contribution was limited to 38.2% of total exports, reflecting a diversified country structure.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

In 2020, Western Europe's exports of soybean oil and fractions amounted to 734.1 M $ US, representing a robust rise of 13.2% year-over-year. Between 2017 and 2020, exports increased by 2.2%, equating to an annualized rate of 0.7%. The minimum value was recorded in 2019 at 648.7 M $ US, which also saw the largest decline of 16.5%, while the maximum value was in 2018 at 777.0 M $ US.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	8.2%	(16.5%)	13.2%	0.7%

Source: SHEV.io

During 2017-2020, the United Kingdom, Morocco, and South Africa were important buyers of soybean oil and fractions from Western Europe in value terms, accounting for 17.1%, 11.9%, and 7.8% of exports, respectively. Their combined share reached only 36.8% of total exports, with the remaining 63.2% distributed among many other partners.

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

Source: SHEV.io

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

Source: SHEV.io

Imports soybean oil and fractions to Western Europe

Imports in kind, K t

Western Europe's soybean oil and fractions import volume declined for the second consecutive year in 2020, totaling 212.0 K t, which represents a substantial reduction of 19.8% from the previous year. Over the 2017-2020 period, imports decreased by 7.8%, with a compound annual growth rate of 2.7%. The maximum volume was recorded in 2018 at 309.7 K t, which also saw the largest increase of 34.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	34.7%	(14.6%)	(19.8%)	(2.7%)

Source: SHEV.io

Throughout 2017-2020, imports in kind of soybean oil and fractions to Western Europe were not concentrated on a few key markets. Spain, Paraguay, and Serbia accounted for 8.2%, 5.2%, and 4.5% of imports, respectively, jointly making up only 18.0% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

In 2020, foreign supplies of soybean oil and fractions to Western Europe were recorded at 356.8 M $ US, marking an 18.5% increase year-over-year. Between 2017 and 2020, imports rose by 7.9%, equating to an annualized rate of 2.6%. The minimum value was in 2019 at 301.2 M $ US, which also experienced the largest decline of 13.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	5.4%	(13.6%)	18.5%	2.6%

Source: SHEV.io

The partner structure of imports in value terms from 2017 to 2020 remained fragmented. Spain, Paraguay, and Serbia accounted for 7.2%, 4.8%, and 4.0% of imports, respectively, together representing only 16.0% of total flows, with no single country exceeding a dominant share.

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

Source: SHEV.io

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

Source: SHEV.io