Global Maize Oil Market Reached 3,5B USD

Vegetable And Animal Oils And Fats June 02, 2017
Author: Irina Andreeva
Market Analyst

maize oil market

Photo: © Wavebreak Media Ltd / Bigstockphoto

According to market research conducted by IndexBox, from 2007 to 2014, the global maize oil market showed mixed dynamics. A slight decline in 2009 (-3% Y-o-Y) was followed by an increase in 2010 (+7 Y-o-Y). A significant drop in 2011 (-10% Y-o-Y) gave place to a gradual increase over the next three years. In 2014, the maize oil market reached 3,554 million USD, rising with an annual increase of 7.0%. In volume terms it expanded to 2,754 thousand tonnes.

Production of maize oil showed mixed dynamics over the last few years. A slight decline in 2009 (-3% Y-o-Y) was followed by a gradual increase over the period from 2010 to 2014. In 2014, global production reached 2,899 thousand tonnes. In value terms it amounted to 3,684 million USD.

In 2013, the countries with the largest acreage of maize were China (36,339 thousand Ha), the U.S. (35,478 thousand Ha) and Brazil (15,280 thousand Ha), together accounting for 47.1% of the total world's maize acreage.

Yield also gradually rose over the analyzed period. Its lowest point was in 2012 at 48,986 Hg/Ha and the highest was in 2013, with 54,997 Hg/Ha.

In 2014, Kuwait (8%), Finland (7%), Egypt (5%), Azerbaijan (4%) and Greece (4%) were the leading destinations of maize oil imports, together making up 28% of global imports in physical terms.

In 2014, the U.S. was the main global supplier of maize oil with a share of 51% of global exports. The U.S. dominated in global maize oil production and trade. In 2014, the U.S. exported 24.5% of its total maize oil output. Of this amount, 21% was supplied to Saudi Arabia.

Do you want to know more about the global maize oil market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • maize oil market share
  • maize oil prices
  • maize oil industry
  • maize oil sales
  • maize oil market forecast
  • maize oil price forecast
  • key maize oil producers

Source: World: Maize Oil - Market Report. Analysis And Forecast To 2025