Report China - Crude Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 22, 2023

China - Crude Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends and Insights

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China: Crude Maize Oil Market 2023

Crude Maize Oil Market Size in China

The Chinese crude maize oil market contracted to $X in 2021, falling by -4.6% against the previous year. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +53.7% against 2015 indices. Crude maize oil consumption peaked at $X in 2020, and then declined modestly in the following year.

Crude Maize Oil Production in China

In value terms, crude maize oil production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 18%. Crude maize oil production peaked at $X in 2020, and then shrank in the following year.

Crude Maize Oil Exports

Exports from China

In 2021, overseas shipments of crude maize (corn) oil decreased by -16.2% to X tons, falling for the fourth year in a row after three years of growth. Overall, exports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2017 when exports increased by 109% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, crude maize oil exports fell to $X in 2021. Over the period under review, exports showed a precipitous contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 91%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for crude maize oil exports from China, accounting for a 72% share of total exports. Moreover, crude maize oil exports to Saudi Arabia exceeded the volume sent to the second major destination, the UK (X tons), sevenfold. The third position in this ranking was held by Turkey (X tons), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia totaled -20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-2.7% per year) and Turkey (-20.4% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for crude maize oil exports from China, comprising 85% of total exports. The second position in the ranking was held by the UK ($X), with a 9.7% share of total exports. It was followed by the United Arab Emirates, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia totaled -25.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-19.5% per year) and the United Arab Emirates (-32.5% per year).

Export Prices by Country

In 2021, the average crude maize oil export price amounted to $X per ton, with an increase of 3.2% against the previous year. Overall, the export price, however, saw a deep slump. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-5.6%), while the prices for the other major destinations experienced a decline.

Crude Maize Oil Imports

Imports into China

Crude maize oil imports into China contracted notably to X tons in 2021, falling by -98.1% against the previous year. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 700% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, crude maize oil imports plummeted to $X in 2021. In general, imports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 380% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then shrank remarkably in the following year.

Imports by Country

Hong Kong SAR (X tons), the United States (X tons) and Turkey (X tons) were the main suppliers of crude maize oil imports to China, together comprising 83% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +64.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) constituted the largest supplier of crude maize oil to China, comprising 41% of total imports. The second position in the ranking was taken by the United States ($X), with a 16% share of total imports. It was followed by Turkey, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Hong Kong SAR amounted to +55.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.1% per year) and Turkey (-9.5% per year).

Import Prices by Country

The average crude maize oil import price stood at $X per ton in 2021, rising by 8.5% against the previous year. Over the period under review, the import price, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2020 an increase of 97%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for crude maize (corn) oil in the world?
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The country with the largest volume of crude maize oil consumption was the United States, comprising approx. 46% of total volume. Moreover, crude maize oil consumption in the United States exceeded the figures recorded by the second-largest consumer, China, threefold. The third position in this ranking was held by Brazil, with a 3.1% share.
What are the largest producers of crude maize (corn) oil in the world?
+
The country with the largest volume of crude maize oil production was the United States, accounting for 49% of total volume. Moreover, crude maize oil production in the United States exceeded the figures recorded by the second-largest producer, China, threefold. The third position in this ranking was taken by Brazil, with a 4.3% share.
What are the leading suppliers of crude maize (corn) oil to China?
+
In value terms, Hong Kong SAR constituted the largest supplier of crude maize oil to China, comprising 41% of total imports. The second position in the ranking was held by the United States, with a 16% share of total imports. It was followed by Turkey, with a 16% share.
What are the leading importers of crude maize (corn) oil from China?
+
In value terms, Saudi Arabia remains the key foreign market for crude maize oil exports from China, comprising 85% of total exports. The second position in the ranking was held by the UK, with a 9.7% share of total exports. It was followed by the United Arab Emirates, with a 3.9% share.
What is the average export price for crude maize (corn) oil in China?
+
In 2021, the average crude maize oil export price amounted to $796 per ton, surging by 3.2% against the previous year.
What is the average import price for crude maize (corn) oil in China?
+
In 2021, the average crude maize oil import price amounted to $2,067 per ton, picking up by 8.5% against the previous year.

This report provides an in-depth analysis of the crude 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:
• FCL 60 - Oil of Maize
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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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