China - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Mar 16, 2024

China - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends And Insights

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Refined Maize Oil Price in China - 2023

Contents:

  1. Refined Maize Oil Price in China (FOB) - 2022
  2. Refined Maize Oil Price in China (CIF) - 2022
  3. Refined Maize Oil Exports in China
  4. Refined Maize Oil Imports in China

Refined Maize Oil Price in China (FOB) - 2022

In 2022, the average refined maize oil export price amounted to $2,130 per ton, rising by 19% against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined maize oil export price increased by +91.8% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 36%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably for the major foreign 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 the Philippines (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

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Refined Maize Oil Price in China (CIF) - 2022

In 2022, the average refined maize oil import price amounted to $2,342 per ton, picking up by 22% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined maize oil import price increased by +58.6% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 28%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: 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 Russia (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Refined Maize Oil Exports in China

Refined maize oil exports from China skyrocketed to 19K tons in 2022, rising by 101% against 2021. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 126% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, refined maize oil exports skyrocketed to $40M in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 155%. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Refined Maize Oil in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab EmiratesN/A1.1N/A10.4207.5%
OmanN/AN/AN/A7.90%
Philippines0.50.92.24.0100.0%
MalaysiaN/A1.72.54.053.4%
JordanN/AN/AN/A1.10%
QatarN/AN/AN/A0.70%
Singapore1.21.42.50.5-25.3%
Hong Kong SAR3.0N/AN/AN/A0%
Others0.27.39.411.4284.9%
Total4.912.416.740.0101.4%

Top Export Markets for Refined Maize Oil from China in 2022:

  1. United Arab Emirates (4.8K tons)
  2. Oman (3.5K tons)
  3. Malaysia (2.0K tons)
  4. Philippines (1.9K tons)
  5. Jordan (0.5K tons)
  6. Qatar (0.3K tons)
  7. Singapore (0.3K tons)

Refined Maize Oil Imports in China

For the third consecutive year, China recorded decline in supplies from abroad of refined maize (corn) oil, which decreased by -13.8% to 199 tons in 2022. Overall, imports recorded a sharp setback.

In value terms, refined maize oil imports expanded slightly to $466K in 2022. Over the period under review, imports recorded a deep downturn.

Import of Refined Maize Oil in China (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States36.152.238.693.237.2%
Turkey12098.244.149.9-25.4%
Russia143N/AN/A21.8-46.6%
MexicoN/AN/AN/A16.90%
South Korea7.61.54.715.426.5%
Japan8.58.210.19.12.3%
Hong Kong SAR514N/AN/AN/A0%
Spain30.598.51.6N/A-77.1%
Others26.7369346260113.5%
Total887627445466-19.3%

Top Suppliers of Refined Maize Oil to China in 2022:

  1. Turkey (23.1 tons)
  2. United States (18.2 tons)
  3. Russia (7.3 tons)
  4. South Korea (7.1 tons)
  5. Mexico (6.1 tons)
  6. Japan (1.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the refined 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:

  • Prodcom 10621460 - Refined maize (corn) oil and its fractions (excluding chemically modified)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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