Russian Federation - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Maize Oil Price in Russia - 2022
Contents:
- Refined Maize Oil Price in Russia (FOB) - 2022
- Refined Maize Oil Price in Russia (CIF) - 2022
- Refined Maize Oil Exports in Russia
- Refined Maize Oil Imports in Russia
Refined Maize Oil Price in Russia (FOB) - 2022
The average refined maize oil export price stood at $1,976 per ton in January 2022, growing by 5.8% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in March 2021 when the average export price increased by 16% against the previous month. Over the period under review, the average export prices reached the maximum at $2,155 per ton in June 2021; however, from July 2021 to January 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In January 2022, the countries with the highest prices were Armenia ($2,038 per ton) and Georgia ($2,009 per ton), while the average price for exports to Belarus ($1,639 per ton) and Ukraine ($1,732 per ton) were amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Maize Oil Price in Russia (CIF) - 2022
The average refined maize oil import price stood at $2,122 per ton in 2022, reducing by -18.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2021 an increase of 38%. As a result, import price attained the peak level of $2,615 per ton, and then contracted sharply in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($2,834 per ton), while the price for China ($2,102 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Maize Oil Exports in Russia
In 2022, the amount of refined maize (corn) oil exported from Russia soared to 3.3K tons, with an increase of 16% against the previous year. In general, exports, however, showed a noticeable reduction.
In value terms, refined maize oil exports reduced slightly to $5.3M in 2022. The total export value increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 13%.
| Export of Refined Maize Oil in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Azerbaijan | 2,974 | 3,112 | 3,774 | 2,510 | -5.5% |
| Georgia | 204 | 185 | 272 | 1,124 | 76.6% |
| Armenia | 322 | 405 | 546 | 781 | 34.4% |
| Kazakhstan | 139 | 172 | 188 | 373 | 39.0% |
| Belarus | 397 | 435 | 217 | 240 | -15.4% |
| Ukraine | 201 | 201 | 191 | 199 | -0.3% |
| Israel | N/A | 362 | 193 | N/A | -46.7% |
| Others | 221 | 172 | 96.1 | 34.0 | -46.4% |
| Total | 4,458 | 5,044 | 5,477 | 5,261 | 5.7% |
Top Export Markets for Refined Maize Oil from Russia in 2022:
- Azerbaijan (1540.7 tons)
- Georgia (688.7 tons)
- Armenia (471.8 tons)
- Kazakhstan (233.9 tons)
- Belarus (180.3 tons)
- Ukraine (141.4 tons)
Refined Maize Oil Imports in Russia
Refined maize oil imports into Russia soared to 36 tons in 2022, with an increase of 55% on the previous year. Overall, imports posted perceptible growth.
In value terms, refined maize oil imports soared to $76K in 2022. In general, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +4.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 37%. As a result, imports reached the peak of $92K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Refined Maize Oil in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 12.5 | 71.0 | 468.0% |
| Greece | 9.8 | 17.7 | 10.3 | 3.2 | -31.1% |
| Italy | 43.2 | 57.6 | 12.1 | 2.1 | -63.5% |
| Kazakhstan | N/A | 2.2 | N/A | N/A | 0% |
| South Korea | 0.9 | 2.4 | 4.7 | N/A | 128.5% |
| Austria | 6.8 | 5.3 | N/A | N/A | -22.1% |
| Belarus | 4.5 | 4.3 | 15.7 | N/A | 86.8% |
| Others | 1.9 | 2.6 | 5.2 | N/A | 65.4% |
| Total | 67.1 | 92.1 | 60.5 | 76.3 | 4.4% |
Top Suppliers of Refined Maize Oil to Russia in 2022:
- China (33.8 tons)
- Greece (1.4 tons)
- Italy (0.7 tons)
This report provides an in-depth analysis of the refined maize oil market in the Russian Federation. 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:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- 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
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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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