Czech Republic: Refined Maize Oil Market 2024

Refined Maize Oil Market Size in the Czech Republic

The Czech refined maize oil market shrank slightly to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Refined Maize Oil Production in the Czech Republic

In value terms, refined maize oil production fell modestly to $X in 2022 estimated in export price. Over the period under review, production saw a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Refined maize oil production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Refined Maize Oil Exports

Exports from the Czech Republic

In 2022, the amount of refined maize (corn) oil exported from the Czech Republic surged to X kg, rising by X% on the previous year. Over the period under review, exports saw a prominent expansion. Over the period under review, the exports attained the peak figure at X kg in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

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

Exports by Country

Slovakia (X kg), France (X kg) and Germany (X kg) were the main destinations of refined maize oil exports from the Czech Republic, with a combined X% share of total exports. Spain and Austria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), France ($X) and Germany ($X) were the largest markets for refined maize oil exported from the Czech Republic worldwide, together comprising X% of total exports. Spain and Austria lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average refined maize oil export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Maize Oil Imports

Imports into the Czech Republic

In 2022, purchases abroad of refined maize (corn) oil decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports recorded a pronounced downturn. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, refined maize oil imports fell significantly to $X in 2022. Over the period under review, imports continue to indicate a slight decline. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest refined maize oil supplier to the Czech Republic, with a X% share of total imports. Moreover, refined maize oil imports from France exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to X%.

In value terms, France ($X) constituted the largest supplier of refined maize (corn) oil to the Czech Republic, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to X%.

Import Prices by Country

The average refined maize oil import price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Italy amounted to $X per ton.

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

Source: IndexBox Platform

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