Market research

Soybean oilcake market in Nicaragua

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market for soybean oilcake in Nicaragua saw its volume increase from 126.8 thousand tons in 2018 to 144.1 thousand tons in 2023, with a peak of 149.7 thousand tons in 2022. This growth was primarily driven by rising imports, which climbed from 118.8 thousand tons in 2018 to 136.1 thousand tons in 2023, reflecting stronger demand from the livestock and poultry sectors.

U.S. exports of soybean meal and oil to Nicaragua rose by 23% in 2022, contributing to the expansion of available supply on the local market. Domestic production remained relatively stable, averaging around 8 thousand tons per year, supported by a value chain that integrates small agricultural and poultry producers for the local market.

The market operated within a regulatory framework that included the Law on Sovereignty and Food and Nutritional Security, which promotes public policies for sufficient and nutritious food, and mandatory technical standards for the labeling of pre-packaged foods based on Codex Alimentarius guidelines.

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 Nicaragua
  1. 5.1.1. Annual dynamics of production in Nicaragua in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Nicaragua 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 Nicaragua in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's exports in kind from Nicaragua 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, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Nicaragua in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Nicaragua by countries, 2018-2024, K $ 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 Nicaragua, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Nicaragua 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 Nicaragua in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's exports in kind from Nicaragua 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, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Nicaragua in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Nicaragua by countries, 2018-2024, K $ 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 Nicaragua, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Nicaragua 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 Nicaragua in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's imports in kind to Nicaragua 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, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Nicaragua in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Nicaragua by countries, 2018-2024, K $ 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 Nicaragua, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Nicaragua 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 Nicaragua in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's imports in kind to Nicaragua 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, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Nicaragua in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Nicaragua by countries, 2018-2024, K $ 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 Nicaragua, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Nicaragua 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, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, K $ 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 oilcake in Nicaragua

In kind, 2017-2020, t

Top producers of soybean oilcake, 2017-2020

Source: SHEV.io

World map of production of soybean oilcake, 2017-2020

Source: SHEV.io

Nicaragua's soybean oilcake production experienced a two-year growth period before declining. In 2020, the country produced 8,400 tons of soybean oilcake, representing a 7.7% decrease from the previous year. Over the 2017-2020 period, production increased by 9.1%, with an average annual growth rate of 2.9%. The highest production volume was recorded in 2019 at 9,100 tons, which also saw the largest annual increase of 13.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.9%	13.8%	(7.7%)	2.9%

Source: SHEV.io

Exports soybean oilcake from Nicaragua

Exports in kind, K t

The market showed significant volatility during this period. Export volumes reached their lowest point in 2020 and peaked in 2019, with a 6.6-fold difference between these years. Nicaragua exported 0.0 thousand tons of soybean oilcake in 2020, marking an 84.8% decline compared to 2019. The maximum export volume was recorded in 2019 at 0.0 thousand tons, which also experienced the largest annual increase of 76.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	5.8%	76.5%	(84.8%)	(34.2%)

Source: SHEV.io

From 2017 to 2020, Nicaragua's soybean oilcake exports were dominated by two countries: Costa Rica and the United States, which together accounted for 100.0% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Market performance exhibited noticeable fluctuations throughout the period. Export values varied significantly, with a 14.7-fold difference between the peak in 2018 and the low in 2020. In 2020, Nicaragua's soybean oilcake exports reached 0.0 thousand US dollars, reflecting a sharp 93.0% decrease compared to 2019. The highest export value was recorded in 2018 at 0.1 thousand US dollars, which also saw the largest annual increase of 71.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	71.6%	(2.8%)	(93.0%)	(51.1%)

Source: SHEV.io

Between 2017 and 2020, Costa Rica and the United States captured virtually all of Nicaragua's soybean oilcake export value, jointly accounting for 100.0% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports soybean oilcake to Nicaragua

Imports in kind, K t

Nicaragua imported 116.0 thousand tons of soybean oilcake in 2020, showing a modest 0.9% year-over-year increase. Over the 2017-2020 period, imports grew by 25.3%, with an average annual growth rate of 7.8%. The highest import volume was recorded in 2018 at 118.8 thousand tons, which also experienced the largest annual increase of 28.4%. The largest annual decline occurred in 2019 with a 3.2% decrease.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	28.4%	(3.2%)	0.9%	7.8%

Source: SHEV.io

Throughout the 2017-2020 period, the United States was the dominant source of Nicaragua's soybean oilcake imports, accounting for 99.2% of total import volumes.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

In 2020, Nicaragua's soybean oilcake imports reached 45,419 thousand US dollars, indicating a moderate 3.7% year-over-year increase. Over the 2017-2020 period, import values rose by 27.2%, with an average annual growth rate of 8.4%. The peak import value was recorded in 2018 at 49,729 thousand US dollars, which also saw the largest annual increase of 39.3%. The most significant annual decline occurred in 2019 with an 11.9% decrease.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	39.3%	(11.9%)	3.7%	8.4%

Source: SHEV.io

From 2017 to 2020, the United States effectively dominated Nicaragua's soybean oilcake import market in value terms, capturing 99.0% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io