Maize Oil Market

Maize oil market: enjoy new data secured by an Ai-driven market research platform. Information include market size, market prices, imports, trade, companies, exports, consumption, and production. There is a split by region, including China, the Middle East, the U.K., Russia, Latin America, EU, Africa, and the U.S. Market dynamics and forecast to 2030 are also provided in the dashboards.


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Maize Oil - World's Largest Markets

RatingCountry
1United States
2China
3Brazil
4South Africa
5Italy

In value terms, the United States led the market, alone. The second position in the ranking was occupied by China. It was followed by Brazil.

In the United States, the maize oil market increased at an average annual rate of +7.8% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: China (+7.8% per year) and Brazil (+7.0% per year).

Maize Oil Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Canada808702728-5.1%
Brazil843747808-2.1%
Hungary897750826-4.0%
Argentina928888827-5.6%
United States971913926-2.3%
South Korea95792110183.1%
France116410891103-2.7%
Belgium11779591120-2.5%
Italy119893112311.4%
Turkey127911071234-1.8%
Tunisia160312631525-2.5%
Oman1562160916593.1%
Saudi Arabia205720961985-1.8%
Average115610861127-1.3%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Saudi Arabia ($1,985 per ton), while Canada ($728 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
United Arab Emirates1275137214185.5%
Kuwait1172124913336.6%
Libya133411381251-3.2%
Azerbaijan1130103912003.1%
Egypt96080710323.7%
Turkey967791954-0.7%
Saudi Arabia1063917914-7.3%
Belgium908785876-1.8%
Netherlands7517578365.5%
Singapore834797820-0.8%
United States838733807-1.9%
Spain863780798-3.8%
Tunisia866750794-4.2%
Average110610031058-2.2%

Prices varied noticeably by the country of destination; the country with the highest price was the United Arab Emirates ($1,418 per ton), while Tunisia ($794 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Kuwait, while the other global leaders experienced more modest paces of growth.

Maize Oil - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
Singapore18366387.3%
Libya1237751-35.6%
Saudi Arabia646449-12.7%
Kuwait927144-30.6%
Turkey21373121.6%

In value terms, Singapore ($64M), Libya ($51M) and Saudi Arabia ($49M) were the countries with the highest levels of imports in 2020, with a combined 23% share of global imports.

Singapore (+87.3% per year) recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Maize Oil - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
United States282239198-16.1%
Turkey51557621.7%
Saudi Arabia585953-4.6%
Tunisia301730-0.2%
Belgium2731293.1%

In value terms, the United States ($198M) remains the largest maize oil supplier worldwide, comprising 27% of global exports. The second position in the ranking was occupied by Turkey ($76M), with a 10% share of global exports. It was followed by Saudi Arabia, with a 7.2% share.

From 2018 to 2020, the average annual growth rate of value in the United States amounted to -16.1%. In the other countries, the average annual rates were as follows: Turkey (+21.7% per year) and Saudi Arabia (-4.6% per year).

Maize Oil - Market Forecast

Driven by increasing demand for maize oil worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Maize Oil - Top Companies

Archer-Daniels-Midland Company, Ingredion Incorporated, ROQUETTE FRERES, MOLINO CAÑUELAS S.A.C.I.F.I.A., KARGILL, OOO, CARGILL POLAND SP Z O O, Tereos Starch & Sweeteners Belgium NV, Cargill Deutschland GmbH, ALWAIS COMPANY FOR FOOD INDUSTRIES, SAN TONG ENERGY CHAOCHUANG MINING GROUP (THAILAND) COMPANY LIMITED, Tate & Lyle Ingredients Americas LLC, CARGILL SRL, AGRANA Stärke GmbH, Ingredion México, S.A. de C.V., ALWAIS COUSINS CO, Unilever Bestfoods North America, KATO KAGAKU CO.,LTD., MATSUTANI CHEMICAL INDUSTRY CO., LTD., Changshouhua Food Company Limited, JAPAN CORN STARCH CO., LTD.

Maize Oil - Product Coverage

  • HS 151521 - Vegetable oils; maize (corn) oil and its fractions, crude, not chemically modified
  • HS 151529 - Vegetable oils; maize (corn) oil and its fractions, other than crude, whether or not refined, but not chemically modified
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World - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global maize oil market.

Africa - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the maize oil market in Africa.

Middle East - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the maize oil market in the Middle East.

Australia and Oceania - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the maize oil market in Australia and Oceania.

Southern Asia - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the maize oil market in Southern Asia.

Eastern Asia - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the maize oil market in Eastern Asia.

Northern America - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the maize oil market in Northern America.

Latin America and the Caribbean - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the maize oil market in Latin America and the Caribbean.

Central Asia - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the maize oil market in Central Asia.

South-Eastern Asia - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the maize oil market in South-Eastern Asia.

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