United Kingdom - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMaize Oil Price in the UK - 2023
Contents:
- Maize Oil Price in the UK (CIF) - 2023
- Maize Oil Price in the UK (FOB) - 2022
- Maize Oil Imports in the UK
- Maize Oil Exports in the UK
Maize Oil Price in the UK (CIF) - 2023
In August 2023, the average maize oil import price amounted to $1,903 per ton, which is down by -4.1% against the previous month. Overall, the import price saw a perceptible descent. The growth pace was the most rapid in June 2023 when the average import price increased by 65% m-o-m. Over the period under review, average import prices hit record highs at $2,886 per ton in December 2022; however, from January 2023 to August 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Sweden ($2,133 per ton), while the price for Belgium totaled $1,870 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Maize Oil Price in the UK (FOB) - 2022
The average maize oil export price stood at $3,785 per ton in 2022, with an increase of 24% against the previous year. Overall, the export price, however, showed a abrupt decline. The pace of growth was the most pronounced in 2021 an increase of 67%. Over the period under review, the average export prices hit record highs at $7,915 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($18,843 per ton), while the average price for exports to Spain ($923 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 the Netherlands (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Maize Oil Imports in the UK
In 2022, after two years of decline, there was significant growth in overseas purchases of maize oil, when their volume increased by 113% to 4.1K tons. In general, imports continue to indicate buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, maize oil imports surged to $11M in 2022. Over the period under review, imports continue to indicate 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 the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1.9 | 1.4 | 0.2 | 7.1 | 55.2% |
| Sweden | N/A | N/A | 1.7 | 1.9 | 11.8% |
| France | 1.0 | N/A | N/A | 1.3 | 9.1% |
| Italy | N/A | 0.2 | 0.3 | 0.2 | 0.0% |
| Netherlands | N/A | 0.9 | 1.0 | 0.1 | -66.7% |
| Others | 0.7 | 0.9 | 0.6 | 0.2 | -34.1% |
| Total | 3.6 | 3.3 | 3.8 | 10.7 | 43.8% |
Top Suppliers of Maize Oil to the UK in 2022:
- Belgium (2724.1 tons)
- Sweden (743.6 tons)
- France (516.7 tons)
- Italy (81.2 tons)
- Netherlands (45.0 tons)
Maize Oil Exports in the UK
In 2022, shipments abroad of maize oil decreased by -42.4% to 68 tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a precipitous contraction. The growth pace was the most rapid in 2020 when exports increased by 729%. As a result, the exports reached the peak of 3.7K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, maize oil exports reduced notably to $257K in 2022. In general, exports showed a precipitous decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 210%. As a result, the exports attained the peak of $6.8M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Maize Oil in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 102 | 12.9 | 58.3 | 54.9 | -18.7% |
| Singapore | 14.7 | 17.9 | 11.0 | 49.0 | 49.4% |
| Hong Kong SAR | 66.2 | 69.5 | 28.4 | 31.7 | -21.8% |
| Ireland | 28.3 | 38.2 | 24.7 | 30.1 | 2.1% |
| Cayman Islands | 11.0 | 24.2 | 25.7 | 27.5 | 35.7% |
| Sweden | 12.1 | 17.1 | 3.4 | 7.5 | -14.7% |
| Belgium | 23.8 | 5,605 | 1.3 | 5.0 | -40.6% |
| Germany | 632 | 682 | 128 | 3.1 | -83.0% |
| Spain | 2.5 | 0.2 | 17.9 | 3.1 | 7.4% |
| France | 538 | 159 | 6.2 | N/A | -89.3% |
| Others | 764 | 189 | 55.4 | 44.9 | -61.1% |
| Total | 2,195 | 6,815 | 361 | 257 | -51.1% |
Top Export Markets for Maize Oil from the UK in 2022:
- Norway (23.9 tons)
- Ireland (10.4 tons)
- Hong Kong SAR (9.0 tons)
- Singapore (4.2 tons)
- Sweden (3.4 tons)
- Spain (3.3 tons)
- Cayman Islands (3.1 tons)
- Belgium (1.1 tons)
- Germany (0.9 tons)
This report provides an in-depth analysis of the maize oil market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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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