Which Country Produces the Most Maize Oil in the World?
Vegetable And Animal Oils And Fats November 16, 2017
In 2015, the country with the largest volume of the maize oil output was the United States (2,044 thousand tonnes), accounting for 59% of global production. Moreover, maize oil output in the United States exceeded the figures recorded by the world's second largest producer, China (287 thousand tonnes), sevenfold. The third position in this ranking was occupied by Turkey with a share of 7%.
From 2007 to 2015, an average annual growth rate of maize oil producton in the United States stood at +7.3%. The remaining producing countries recorded the following average annual growth rates: China (+4.0% per year) and Turkey (+24.1% per year).
Top 10 Maize Oil Producing Countries in the World
1. United States (2,044K Tonnes)
2. China (287K Tonnes)
3. Turkey (237K Tonnes)
4. Brazil (95K Tonnes)
5. South Africa (82K Tonnes)
6. Japan (81K Tonnes)
7. Italy (66K Tonnes)
8. Belgium (63K Tonnes)
9. Canada (60K Tonnes)
10. France (57K Tonnes)
Global Maize Oil Production
Global maize oil production amounted to 3,473 thousand tonnes in 2015, rising by +8.9% against the previous year level. Overall, the global maize oil output pursued a pronounced growth from 2007 to 2015. The trend pattern, however, indicated some noticable fluctuations throughout the analyzed period. The total output figures increased at an average annual rate of +5.3%. The growth pace was the most rapid in 2014, when the output figure increased by +37% from the previous year level. Over the period under review, the global maize oil production reached its maximum volume in 2015, and is likely to continue its growth in the immediate term.
Over the analyzed period, an increase in global maize oil production was primarily driven by population growth and growth of baking. Furthermore, these key drivers are expected to continue promoting the maize oil output in the immediate term.
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Source: World: Maize Oil - Market Report. Analysis And Forecast
