Singapore - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMaize Oil Price in Singapore - 2022
Contents:
- Maize Oil Price in Singapore (CIF) - 2022
- Maize Oil Price in Singapore (FOB) - 2022
- Maize Oil Imports in Singapore
- Maize Oil Exports in Singapore
Maize Oil Price in Singapore (CIF) - 2022
The average maize oil import price stood at $1,578 per ton in 2022, picking up by 33% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 45%. The import price peaked at $1,655 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 China ($2,511 per ton), while the price for Malaysia ($1,569 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Maize Oil Price in Singapore (FOB) - 2022
In September 2022, the average maize oil export price amounted to $3,823 per ton, picking up by 5.6% against the previous month. Overall, export price indicated a pronounced expansion from September 2021 to September 2022: its price increased at an average monthly rate of +4.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, maize oil export price decreased by -1.0% against July 2022 indices. The pace of growth appeared the most rapid in January 2022 when the average export price increased by 38% m-o-m. The export price peaked at $3,861 per ton in July 2022; however, from August 2022 to September 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In September 2022, the countries with the highest prices were the Philippines ($3,860 per ton) and Indonesia ($3,818 per ton), while the average price for exports to Hong Kong SAR ($2,957 per ton) and Kuwait ($3,731 per ton) were amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Maize Oil Imports in Singapore
In 2022, approx. 52K tons of maize oil were imported into Singapore; jumping by 56% on the year before. Over the period under review, imports enjoyed a temperate increase. The pace of growth appeared the most rapid in 2020 when imports increased by 70%. As a result, imports reached the peak of 77K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, maize oil imports soared to $82M in 2022. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Maize Oil in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 22.0 | 52.1 | 35.1 | 59.8 | 39.6% |
| Malaysia | 10.5 | 8.3 | 0.3 | 19.7 | 23.3% |
| South Korea | 1.7 | 0.8 | 1.2 | 2.1 | 7.3% |
| China | 1.6 | 1.6 | 2.7 | 0.1 | -60.3% |
| Others | 0.5 | 0.7 | 0.2 | N/A | -36.8% |
| Total | 36.3 | 63.5 | 39.5 | 81.8 | 31.1% |
Top Suppliers of Maize Oil to Singapore in 2022:
- United States (38.1K tons)
- Malaysia (12.6K tons)
- South Korea (1.1K tons)
- China (0.1K tons)
Maize Oil Exports in Singapore
In 2022, maize oil exports from Singapore reduced markedly to 1.1K tons, declining by -23.7% on the previous year. In general, exports showed a precipitous contraction. The smallest decline of -21.4% was in 2021.
In value terms, maize oil exports dropped to $2.7M in 2022. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 20%.
| Export of Maize Oil in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 775 | 825 | 849 | 1,586 | 27.0% |
| Kuwait | 436 | 315 | 173 | 379 | -4.6% |
| Indonesia | 1,046 | 423 | 1,374 | 337 | -31.4% |
| Bahrain | 226 | 51.4 | N/A | 137 | -15.4% |
| Cambodia | 58.7 | 39.1 | 44.2 | 73.5 | 7.8% |
| Brunei Darussalam | 62.6 | 46.3 | 51.2 | 55.7 | -3.8% |
| Malaysia | 416 | 435 | 96.7 | 5.5 | -76.4% |
| Others | 506 | 247 | 276 | 117 | -38.6% |
| Total | 3,527 | 2,381 | 2,864 | 2,691 | -8.6% |
Top Export Markets for Maize Oil from Singapore in 2022:
- Philippines (638.0 tons)
- Indonesia (165.0 tons)
- Kuwait (148.8 tons)
- Bahrain (55.9 tons)
- Cambodia (41.7 tons)
- Brunei Darussalam (39.0 tons)
- Malaysia (4.7 tons)
This report provides an in-depth analysis of the maize oil market in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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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