South Africa - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMaize Oil Price in South Africa - 2023
Contents:
- Maize Oil Price in South Africa (FOB) - 2023
- Maize Oil Price in South Africa (CIF) - 2022
- Maize Oil Exports in South Africa
- Maize Oil Imports in South Africa
Maize Oil Price in South Africa (FOB) - 2023
The average maize oil export price stood at $1,417 per ton in July 2023, which is down by -16.7% against the previous month. Overall, the export price saw a perceptible setback. The pace of growth was the most pronounced in March 2023 when the average export price increased by 30% against the previous month. The export price peaked at $2,208 per ton in September 2022; however, from October 2022 to July 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.
From September 2022 to July 2023, the rate of growth in terms of prices for Jordan amounted to -2.3% per month.
Maize Oil Price in South Africa (CIF) - 2022
The average maize oil import price stood at $773 per ton in 2022, which is down by -54.9% against the previous year. Overall, the import price recorded a dramatic downturn. The pace of growth was the most pronounced in 2016 an increase of 2,005%. As a result, import price attained the peak level of $12,780 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($4,079 per ton), while the price for Lesotho ($32 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+42.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Maize Oil Exports in South Africa
For the fourth consecutive year, South Africa recorded growth in overseas shipments of maize oil, which increased by 47% to 9.3K tons in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 6,736% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, maize oil exports skyrocketed to $21M in 2022. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 6,918%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Maize Oil in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | N/A | 1.7 | 3.6 | 16.2 | 208.7% |
| United Arab Emirates | N/A | 2.9 | 1.8 | 1.9 | -19.1% |
| Sri Lanka | N/A | N/A | N/A | 1.5 | 0% |
| Malaysia | N/A | 0.4 | 0.4 | 0.9 | 50.0% |
| Jordan | N/A | 0.3 | 0.8 | 0.3 | 0.0% |
| Qatar | N/A | 0.3 | 2.4 | N/A | 700.0% |
| Israel | N/A | 1.1 | 0.5 | N/A | -54.5% |
| Morocco | N/A | 0.5 | N/A | N/A | 0% |
| Others | 0.1 | 1.1 | 1.5 | 0.1 | 0.0% |
| Total | 0.1 | 8.3 | 11.0 | 21.0 | 494.4% |
Top Export Markets for Maize Oil from South Africa in 2022:
- Saudi Arabia (7.4K tons)
- United Arab Emirates (0.8K tons)
- Sri Lanka (0.7K tons)
- Malaysia (0.3K tons)
- Jordan (0.2K tons)
Maize Oil Imports in South Africa
After two years of decline, purchases abroad of maize oil increased by 167% to 15 tons in 2022. Overall, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, maize oil imports skyrocketed to $12K in 2022. In general, imports, however, recorded a dramatic decline.
| Import of Maize Oil in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.8 | N/A | 4.0 | 7.7 | 40.1% |
| Belgium | N/A | 12.7 | N/A | 0.8 | -74.9% |
| United States | 7.7 | 5.3 | 0.7 | 0.4 | -62.7% |
| Lesotho | 0.1 | N/A | N/A | 0.3 | 44.2% |
| Nigeria | N/A | N/A | 4.9 | N/A | 0% |
| Malaysia | 3.3 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 7.6 | N/A | N/A | N/A | 0% |
| Others | 2.5 | 0.1 | 0.2 | 2.5 | 0.0% |
| Total | 24.0 | 18.1 | 9.7 | 11.7 | -21.3% |
Top Suppliers of Maize Oil to South Africa in 2022:
- Lesotho (10.0 tons)
- India (4.6 tons)
- Belgium (0.2 tons)
- United States (0.1 tons)
This report provides an in-depth analysis of the maize oil market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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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