Benelux: Maize Oil Market 2024

Maize Oil Market Size in Benelux

The Benelux maize oil market dropped sharply to $X in 2022, shrinking by X% against the previous year. In general, consumption showed a perceptible reduction. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Maize Oil Production in Benelux

In value terms, maize oil production soared to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced shrinkage. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Maize Oil Exports

Exports in Benelux

In 2022, after two years of decline, there was significant growth in shipments abroad of maize oil, when their volume increased by X% to X tons. Over the period under review, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, maize oil exports skyrocketed to $X in 2022. In general, exports, however, saw a noticeable setback. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium prevails in exports structure, amounting to X tons, which was near X% of total exports in 2022. The Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to maize oil exports from Belgium stood at X%. At the same time, the Netherlands (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of X% from 2012-2022. While the share of the Netherlands (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (X p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest maize oil supplier in Benelux, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports.

In Belgium, maize oil exports declined by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, growing by X% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, maize oil export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%).

Maize Oil Imports

Imports in Benelux

In 2022, the amount of maize oil imported in Benelux soared to X tons, surging by X% against 2021. Overall, imports, however, continue to indicate a pronounced setback. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, maize oil imports soared to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Belgium was the key importer of maize oil in Benelux, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by the Netherlands (X tons), comprising a X% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to maize oil imports into Belgium stood at X%. At the same time, the Netherlands (X%) and Luxembourg (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of X% from 2012-2022. While the share of the Netherlands (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported maize oil in Benelux, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports.

In Belgium, maize oil imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Luxembourg (X% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, rising by X% against the previous year. In general, the import price posted a noticeable increase. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Luxembourg ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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