Australia - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMaize Oil Price in Australia - 2023
Contents:
- Maize Oil Price in Australia (CIF) - 2023
- Maize Oil Price in Australia (FOB) - 2022
- Maize Oil Imports in Australia
- Maize Oil Exports in Australia
Maize Oil Price in Australia (CIF) - 2023
In July 2023, the average maize oil import price amounted to $1,804 per ton, dropping by -20.9% against the previous month. Overall, the import price showed a pronounced descent. The most prominent rate of growth was recorded in February 2023 an increase of 153% m-o-m. As a result, import price attained the peak level of $5,682 per ton. From March 2023 to July 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($3,338 per ton), while the price for China ($1,119 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by South Korea (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Maize Oil Price in Australia (FOB) - 2022
The average maize oil export price stood at $3,050 per ton in 2022, growing by 42% against the previous year. In general, the export price, however, showed a mild slump. The export price peaked at $3,450 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($16,000 per ton), while the average price for exports to New Zealand ($1,896 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 Singapore (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.
Maize Oil Imports in Australia
In 2022, overseas purchases of maize oil decreased by -20.3% to 884 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. As a result, imports attained the peak of 1.6K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, maize oil imports expanded markedly to $1.8M in 2022. The total import value increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 46%. As a result, imports attained the peak of $2.2M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Maize Oil in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 689 | 1,051 | 559 | 1,066 | 15.7% |
| Turkey | 45.1 | 15.1 | 50.6 | 291 | 86.2% |
| China | 32.3 | 39.2 | 27.1 | 134 | 60.7% |
| New Zealand | 67.8 | 202 | 80.6 | 99.2 | 13.5% |
| South Africa | 107 | 142 | 96.8 | 97.1 | -3.2% |
| Hong Kong SAR | 55.8 | 64.4 | 58.7 | 93.6 | 18.8% |
| Singapore | 68.5 | 33.4 | 51.3 | 24.9 | -28.6% |
| Spain | 254 | 221 | 54.2 | N/A | -53.8% |
| Saudi Arabia | 82.2 | 83.0 | 61.0 | N/A | -13.9% |
| Others | 78.3 | 304 | 609 | 26.3 | -30.5% |
| Total | 1,480 | 2,155 | 1,649 | 1,832 | 7.4% |
Top Suppliers of Maize Oil to Australia in 2022:
- Malaysia (459.1 tons)
- Turkey (125.2 tons)
- New Zealand (115.4 tons)
- South Africa (68.5 tons)
- China (66.3 tons)
- Hong Kong SAR (27.8 tons)
- Singapore (12.1 tons)
Maize Oil Exports in Australia
For the third consecutive year, Australia recorded decline in shipments abroad of maize oil, which decreased by -84.8% to 2.3 tons in 2022. In general, exports continue to indicate a sharp downturn. The smallest decline of -41.7% was in 2020.
In value terms, maize oil exports reduced markedly to $7.1K in 2022. Over the period under review, exports showed a precipitous decline. The smallest decline of -32.4% was in 2020.
| Export of Maize Oil in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | N/A | N/A | 4.1 | 0% |
| New Zealand | 8.2 | 6.5 | 3.9 | 2.9 | -29.3% |
| Singapore | 54.1 | 39.9 | 20.7 | 0.1 | -87.7% |
| Fiji | 12.1 | 4.8 | 0.9 | N/A | -72.7% |
| Philippines | 13.7 | 9.5 | 4.6 | N/A | -42.1% |
| Others | 7.0 | 3.6 | 2.6 | N/A | -39.1% |
| Total | 95.2 | 64.3 | 32.7 | 7.1 | -57.9% |
Top Export Markets for Maize Oil from Australia in 2022:
- New Zealand (1512.0 kg)
- Japan (800.0 kg)
- Singapore (4.0 kg)
This report provides an in-depth analysis of the maize oil market in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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
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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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