Report Update: May 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Refined Maize Oil Price in Greece - 2023

Refined Maize Oil Price in Greece (CIF) - 2023

The average refined maize oil import price stood at $1,891 per ton in June 2023, dropping by -6.5% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 15% m-o-m. The import price peaked at $2,257 per ton in January 2023; however, from February 2023 to June 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($2,553 per ton), while the price for Italy amounted to $1,583 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Belgium (+2.4%).

Refined Maize Oil Price in Greece (FOB) - 2023

The average refined maize oil export price stood at $2,037 per ton in June 2023, falling by -56.5% against the previous month. Overall, the export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 107% m-o-m. As a result, the export price attained the peak level of $4,683 per ton, and then contracted rapidly in the following month.

Average prices varied noticeably for the major foreign markets. In June 2023, the country with the highest price was Albania ($2,149 per ton), while the average price for exports to Iraq ($1,996 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+1.6%), while the prices for the other major destinations experienced a decline.

Refined Maize Oil Imports in Greece

After two years of decline, purchases abroad of refined maize (corn) oil increased by 43% to 7.5K tons in 2022. The total import volume increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, refined maize oil imports skyrocketed to $14M in 2022. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Refined Maize Oil in Greece (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	N/A	0.2	2.1	8.4	548.1%
Italy	2.1	1.7	5.1	5.6	38.7%
Spain	N/A	N/A	1.0	N/A	0%
France	3.7	4.0	0.1	N/A	-83.6%
Netherlands	0.9	N/A	N/A	N/A	0%
Others	N/A	0.2	0.1	N/A	-50.0%
Total	6.6	6.1	8.4	14.1	28.8%

Top Suppliers of Refined Maize Oil to Greece in 2022:

France (undefinedK tons)
Belgium (4.4K tons)
Italy (3.1K tons)

Refined Maize Oil Exports in Greece

In 2022, shipments abroad of refined maize (corn) oil was finally on the rise to reach 854 tons after two years of decline. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, refined maize oil exports skyrocketed to $1.8M in 2022. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Refined Maize Oil in Greece (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	N/A	N/A	N/A	1,444	0%
Albania	178	203	316	161	-3.3%
Cyprus	49.0	38.8	77.6	106	29.3%
Iraq	260	195	132	94.0	-28.8%
Serbia	48.8	0.9	1.5	1.8	-66.7%
Others	20.9	25.2	31.8	33.7	17.3%
Total	557	463	559	1,841	49.0%

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

Romania (693.2 tons)
Albania (61.2 tons)
Iraq (43.7 tons)
Cyprus (39.3 tons)
Serbia (0.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the refined maize oil market in Greece. 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:

Greece

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Greece
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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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