Belgium - Crude Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Maize Oil Price in Belgium - 2023
Contents:
- Crude Maize Oil Price in Belgium (CIF) - 2023
- Crude Maize Oil Price in Belgium (FOB) - 2022
- Crude Maize Oil Imports in Belgium
- Crude Maize Oil Exports in Belgium
Crude Maize Oil Price in Belgium (CIF) - 2023
In July 2023, the average crude maize oil import price amounted to $1,381 per ton, shrinking by -11.8% against the previous month. In general, the import price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in April 2023 an increase of 35% m-o-m. As a result, import price reached the peak level of $2,036 per ton. From May 2023 to July 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Hungary ($1,539 per ton), while the price for France amounted to $1,296 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Hungary (-1.7%), while the prices for the other major suppliers experienced a decline.
Crude Maize Oil Price in Belgium (FOB) - 2022
The average crude maize oil export price stood at $1,829 per ton in 2022, picking up by 43% against the previous year. Over the period under review, the export price enjoyed a moderate expansion. The growth pace was the most rapid in 2021 an increase of 54% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($4,041 per ton), while the average price for exports to the Netherlands ($1,099 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Crude Maize Oil Imports in Belgium
Crude maize oil imports into Belgium soared to 11K tons in 2022, picking up by 19% on the previous year's figure. Over the period under review, imports continue to indicate a slight increase. The most prominent rate of growth was recorded in 2020 when imports increased by 73% against the previous year. As a result, imports reached the peak of 18K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, crude maize oil imports surged to $18M in 2022. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 105% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Crude Maize Oil in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | 0.4 | 6.0 | 10.4 | 409.9% |
| Hungary | 1.0 | 1.7 | 0.4 | 6.6 | 87.6% |
| Germany | 5.3 | 7.4 | 5.0 | 0.4 | -57.7% |
| Netherlands | 1.3 | 6.3 | 0.4 | 0.1 | -57.5% |
| Others | N/A | N/A | 0.4 | 0.1 | -75.0% |
| Total | 7.7 | 15.8 | 12.2 | 17.6 | 31.7% |
Top Suppliers of Crude Maize Oil to Belgium in 2022:
- France (6.7K tons)
- Hungary (4.0K tons)
- Germany (0.3K tons)
- Netherlands (0.1K tons)
Crude Maize Oil Exports in Belgium
In 2022, after two years of decline, there was significant growth in overseas shipments of crude maize (corn) oil, when their volume increased by 248% to 392 tons. Over the period under review, exports, however, recorded a precipitous descent.
In value terms, crude maize oil exports soared to $717K in 2022. In general, exports, however, faced a dramatic shrinkage.
| Export of Crude Maize Oil in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 70.0 | 3,246 | 90.5 | 652 | 110.4% |
| Luxembourg | 15.7 | 18.5 | 23.7 | 41.9 | 38.7% |
| Netherlands | 0.2 | 120 | N/A | 9.5 | 262.2% |
| Spain | 2,371 | 29.4 | N/A | N/A | -98.8% |
| Turkey | 5,256 | N/A | N/A | N/A | 0% |
| Others | 197 | 68.1 | 29.6 | 14.2 | -58.4% |
| Total | 7,910 | 3,482 | 144 | 717 | -55.1% |
Top Export Markets for Crude Maize Oil from Belgium in 2022:
- France (371.1 tons)
- Luxembourg (10.4 tons)
- Netherlands (8.7 tons)
This report provides an in-depth analysis of the crude 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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