Market research

Soybean oil and fractions market in Zimbabwe

$Soybean oil and fractions market in Zimbabwe$

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

After reaching 135.7 thousand tons in 2018, Zimbabwe's soybean oil market volume contracted sharply to 83.1 thousand tons in 2019, primarily due to a drop in imports from 121.3 to 74.8 thousand tons. The market rebounded strongly in 2020, with volume climbing to 133.8 thousand tons, nearly matching the pre-contraction level.

Growth continued from 2021 onward, with market volume expanding to 154.8 thousand tons in 2021 and further to 169.6 thousand tons in 2023. This upward trajectory was driven by rising import dependence, as soybean oil imports increased by $67 million in value terms in 2021 and kept growing. In 2023, a 32% decline in palm oil imports likely redirected demand toward soybean oil, reinforcing its market expansion amid overall rising food import expenditures.

For 2024, imports reached 181.2 thousand tons, indicating sustained high demand. The government announced reforms requiring processors to source 40% of raw materials locally from April 2025, aiming to reduce import dependence. Additionally, severe drought in 2024 curtailed domestic soybean oil production to 60 000 tons, necessitating increased imports from regional neighbors.

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

In kind, 2017-2020, 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 2019, Zimbabwe's production of soybean oil and fractions hit its lowest point at 8,300 tonnes. The following year, in 2020, output rebounded to 9,700 tonnes, marking a 16.9% increase from 2019. Looking at the broader period from 2017 to 2020, production declined by 32.6%, with an average annual decrease of 12.3%. The peak was recorded in 2018 at 14,700 tonnes, while the sharpest drop occurred in 2019, when production fell by 43.5%.

Annual dynamics of production in Zimbabwe in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.1%	(43.5%)	16.9%	(12.3%)

Source: SHEV.io

Exports soybean oil and fractions from Zimbabwe

Exports in kind, K t

In 2018, Zimbabwe exported 0.3 thousand tonnes of soybean oil and fractions, which represented a 71.4% decrease compared to the previous year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(71.4%)	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, Mozambique was the primary destination for Zimbabwe's soybean oil and fractions exports, accounting for 86.9% of the total volume. The remaining share was spread across several smaller markets.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

In 2018, Zimbabwe's exports of soybean oil and fractions amounted to 0.4 million US dollars, down 75.3% from 2017.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(75.3%)	n/a	n/a	-

Source: SHEV.io

Between 2017 and 2020, Mozambique dominated Zimbabwe's soybean oil and fractions exports in value terms, making up 87.8% of the total. Other countries collectively accounted for the remaining share.

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

Source: SHEV.io

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

Source: SHEV.io

Imports soybean oil and fractions to Zimbabwe

Imports in kind, K t

In 2019, Zimbabwe's imports of soybean oil and fractions reached their lowest level at 74.8 thousand tonnes, declining by 38.4% that year. By 2020, imports surged to 124.1 thousand tonnes, a sharp 66.0% increase from 2019. Over the 2017-2020 period, imports grew by 29.1%, with an average annual growth rate of 8.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	26.1%	(38.4%)	66.0%	8.9%

Source: SHEV.io

From 2017 to 2020, South Africa and Argentina were the leading sources for Zimbabwe's soybean oil and fractions imports, together accounting for 80.5% of the total volume. The rest was distributed among other destinations.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

In 2019, Zimbabwe's imports of soybean oil and fractions in value terms hit a low of 72.2 million US dollars, falling by 41.3% that year. The market showed volatility, with imports in 2020 jumping to 128.4 million US dollars, a 77.8% year-over-year increase. Overall, import values varied by a factor of 1.8 between the low in 2019 and the high in 2020.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	20.2%	(41.3%)	77.8%	7.9%

Source: SHEV.io

During 2017-2020, South Africa and Argentina were the key players in Zimbabwe's soybean oil and fractions imports by value, jointly holding 81.0% of the total. The remaining share was spread across other countries.

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

Source: SHEV.io

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

Source: SHEV.io