Report Update: Apr 1, 2024

Pakistan - 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 Pakistan - 2023

Refined Maize Oil Price in Pakistan (CIF) - 2023

The average refined maize oil import price stood at $2,705 per ton in January 2023, reducing by -2.4% against the previous month. Over the period under review, the import price, however, showed a notable increase. The growth pace was the most rapid in November 2022 when the average import price increased by 65% m-o-m. Over the period under review, average import prices hit record highs at $2,771 per ton in December 2022, and then dropped slightly in the following month.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From January 2022 to January 2023, the rate of growth in terms of prices for the United Arab Emirates amounted to +3.1% per month.

Refined Maize Oil Price in Pakistan (FOB) - 2022

The average refined maize oil export price stood at $1,808 per ton in 2022, picking up by 15% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 79% against the previous year. The export price peaked at $3,486 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Afghanistan.

From 2012 to 2022, the rate of growth in terms of prices for Afghanistan amounted to +0.1% per year.

Refined Maize Oil Imports in Pakistan

In 2022, overseas purchases of refined maize (corn) oil decreased by -50.9% to 414 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a significant decrease. The growth pace was the most rapid in 2020 when imports increased by 11%. As a result, imports reached the peak of 1.3K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, refined maize oil imports shrank notably to $780K in 2022. In general, imports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 9%. As a result, imports attained the peak of $2.1M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Refined Maize Oil in Pakistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Oman	943	1,219	882	420	-23.6%
United Arab Emirates	931	861	821	360	-27.1%
Others	46.3	12.9	46.5	N/A	0.2%
Total	1,920	2,093	1,750	780	-25.9%

Top Suppliers of Refined Maize Oil to Pakistan in 2022:

Oman (222.5 tons)
United Arab Emirates (191.3 tons)

Refined Maize Oil Exports in Pakistan

In 2022, the amount of refined maize (corn) oil exported from Pakistan surged to 323 tons, with an increase of 20% against the previous year's figure. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 930% against the previous year. As a result, the exports attained the peak of 529 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, refined maize oil exports soared to $585K in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 906% against the previous year. As a result, the exports attained the peak of $856K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Refined Maize Oil in Pakistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Afghanistan	85.1	856	417	585	90.1%
Others	N/A	N/A	4.0	N/A	0%
Total	85.1	856	421	585	90.1%

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

Afghanistan (323.3 tons)

Source: IndexBox Market Intelligence Platform

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

Pakistan

Data coverage:

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