Belgium - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMaize Oil Price in Belgium - 2023
Contents:
- Maize Oil Price in Belgium (FOB) - 2023
- Maize Oil Price in Belgium (CIF) - 2022
- Maize Oil Exports in Belgium
- Maize Oil Imports in Belgium
Maize Oil Price in Belgium (FOB) - 2023
In June 2023, the average maize oil export price amounted to $2,138 per ton, reducing by -5.9% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 10% m-o-m. Over the period under review, the average export prices hit record highs at $2,498 per ton in December 2022; however, from January 2023 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Greece ($2,903 per ton), while the average price for exports to Germany ($1,749 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Maize Oil Price in Belgium (CIF) - 2022
The average maize oil import price stood at $1,660 per ton in 2022, picking up by 22% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, maize oil import price increased by +111.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 53% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($2,567 per ton), while the price for France ($1,616 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Maize Oil Exports in Belgium
After two years of decline, overseas shipments of maize oil increased by 28% to 23K tons in 2022. In general, exports, however, continue to indicate a deep reduction.
In value terms, maize oil exports surged to $50M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.9% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Maize Oil in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Kuwait | N/A | N/A | 1.9 | 10.3 | 442.1% |
Greece | 0.9 | 0.2 | 3.2 | 9.2 | 117.0% |
United Kingdom | 2.8 | 2.1 | 4.3 | 6.2 | 30.3% |
Netherlands | 1.4 | 2.1 | 3.4 | 5.9 | 61.5% |
France | 1.6 | 5.8 | 2.9 | 4.0 | 35.7% |
Israel | 5.3 | 11.4 | 7.7 | 3.8 | -10.5% |
Saudi Arabia | 0.2 | N/A | 0.4 | 3.6 | 162.1% |
Germany | 0.6 | 1.2 | 1.4 | 2.3 | 56.5% |
Austria | 1.8 | 0.9 | 1.4 | 1.5 | -5.9% |
Spain | 3.6 | 0.6 | N/A | N/A | -83.3% |
China | 2.3 | N/A | N/A | N/A | 0% |
United Arab Emirates | 1.2 | 0.7 | 0.3 | N/A | -50.0% |
Turkey | 5.3 | N/A | N/A | N/A | 0% |
Others | 4.0 | 4.1 | 3.1 | 3.1 | -8.1% |
Total | 31.1 | 29.2 | 29.9 | 49.9 | 17.1% |
Top Export Markets for Maize Oil from Belgium in 2022:
- Turkey (undefinedK tons)
- China (undefinedK tons)
- Spain (undefinedK tons)
- Greece (4.4K tons)
- Kuwait (4.2K tons)
- Netherlands (3.0K tons)
- United Kingdom (2.5K tons)
- France (2.0K tons)
- Saudi Arabia (1.8K tons)
- Israel (1.6K tons)
- Germany (1.2K tons)
- Austria (1.0K tons)
Maize Oil Imports in Belgium
In 2022, approx. 13K tons of maize oil were imported into Belgium; increasing by 3.7% against the previous year's figure. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 52% against the previous year. As a result, imports reached the peak of 20K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, maize oil imports skyrocketed to $21M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +27.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +107.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 72%. Imports peaked in 2022 and are likely to see steady growth in the near future.
Import of Maize Oil in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 2.3 | 1.8 | 9.9 | 12.9 | 77.7% |
Hungary | 1.0 | 1.7 | 0.4 | 6.6 | 87.6% |
Italy | N/A | 0.2 | 0.2 | 0.8 | 100.0% |
Germany | 5.3 | 7.5 | 5.1 | 0.5 | -54.5% |
Netherlands | 1.4 | 6.3 | 0.6 | 0.2 | -47.7% |
Others | N/A | N/A | 0.4 | 0.1 | -75.0% |
Total | 10.2 | 17.6 | 16.7 | 21.2 | 27.6% |
Top Suppliers of Maize Oil to Belgium in 2022:
- France (8.0K tons)
- Hungary (4.0K tons)
- Italy (0.3K tons)
- Germany (0.3K tons)
- Netherlands (0.1K tons)
This report provides an in-depth analysis of the maize oil market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 60 - Oil of Maize
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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