China - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMaize Oil Price in China - 2023
Contents:
- Maize Oil Price in China (FOB) - 2022
- Maize Oil Price in China (CIF) - 2022
- Maize Oil Exports in China
- Maize Oil Imports in China
Maize Oil Price in China (FOB) - 2022
The average maize oil export price stood at $2,130 per ton in 2022, increasing by 19% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, maize oil export price increased by +94.2% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of 36%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Oman ($2,275 per ton) and Jordan ($2,161 per ton), while the average price for exports to Malaysia ($2,007 per ton) and Singapore ($2,026 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.
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Maize Oil Price in China (CIF) - 2022
In 2022, the average maize oil import price amounted to $2,338 per ton, with an increase of 21% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, maize oil import price increased by +106.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 71%. Over the period under review, average import prices hit record highs at $2,346 per ton in 2013; afterwards, it flattened through to 2022.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($5,659 per ton), while the price for Turkey ($2,159 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Maize Oil Exports in China
Maize oil exports from China soared to 19K tons in 2022, with an increase of 101% against the year before. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 126%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, maize oil exports surged to $40M in 2022. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 155% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of Maize Oil in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | 1.1 | N/A | 10.4 | 207.5% |
| Oman | N/A | N/A | N/A | 7.9 | 0% |
| Philippines | 0.5 | 0.9 | 2.2 | 4.0 | 100.0% |
| Malaysia | N/A | 1.7 | 2.5 | 4.0 | 53.4% |
| Jordan | N/A | N/A | N/A | 1.1 | 0% |
| Qatar | N/A | N/A | N/A | 0.7 | 0% |
| Singapore | 1.2 | 1.4 | 2.5 | 0.5 | -25.3% |
| Hong Kong SAR | 3.0 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 7.3 | 9.4 | 11.4 | 284.9% |
| Total | 4.9 | 12.4 | 16.7 | 40.0 | 101.4% |
Top Export Markets for Maize Oil from China in 2022:
- United Arab Emirates (4.8K tons)
- Oman (3.5K tons)
- Malaysia (2.0K tons)
- Philippines (1.9K tons)
- Jordan (0.5K tons)
- Qatar (0.3K tons)
- Singapore (0.3K tons)
Maize Oil Imports in China
In 2022, supplies from abroad of maize oil decreased by -13.4% to 206 tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a sharp decline. The growth pace was the most rapid in 2020 when imports increased by 17% against the previous year. As a result, imports reached the peak of 1.2K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, maize oil imports reached $481K in 2022. Over the period under review, imports showed a dramatic shrinkage.
| Import of Maize Oil in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 36.1 | 52.2 | 38.6 | 93.2 | 37.2% |
| Turkey | 120 | 129 | 44.1 | 49.9 | -25.4% |
| Russia | 143 | N/A | N/A | 21.8 | -46.6% |
| Mexico | N/A | N/A | N/A | 16.9 | 0% |
| South Korea | 8.5 | 13.1 | 10.1 | 15.4 | 21.9% |
| Thailand | N/A | N/A | N/A | 15.0 | 0% |
| Japan | 8.5 | 8.2 | 10.1 | 9.1 | 2.3% |
| Spain | 30.5 | 111 | 10.0 | N/A | -42.7% |
| Hong Kong SAR | 531 | N/A | N/A | N/A | 0% |
| Italy | 125 | 552 | N/A | N/A | 341.6% |
| Brazil | 246 | N/A | N/A | N/A | 0% |
| Others | 26.7 | 458 | 346 | 260 | 113.5% |
| Total | 1,276 | 1,323 | 459 | 481 | -27.8% |
Top Suppliers of Maize Oil to China in 2022:
- Turkey (23.1 tons)
- United States (18.2 tons)
- Russia (7.3 tons)
- South Korea (7.1 tons)
- Thailand (6.8 tons)
- Mexico (6.1 tons)
- Japan (1.6 tons)
This report provides an in-depth analysis of the maize oil market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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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