Eastern Europe: Crude Maize Oil Market 2024

Crude Maize Oil Market Size in Eastern Europe

The East European crude maize oil market totaled $X in 2022, approximately reflecting the previous year. Overall, consumption, however, continues to indicate a resilient expansion. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Crude Maize Oil Production in Eastern Europe

In value terms, crude maize oil production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Crude Maize Oil Exports

Exports in Eastern Europe

In 2022, overseas shipments of crude maize (corn) oil decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports showed a mild curtailment. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude maize oil exports surged to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2022, Hungary (X tons) represented the major exporter of crude maize (corn) oil, achieving X% of total exports. Ukraine (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%). The Czech Republic (X tons) followed a long way behind the leaders.

Exports from Hungary decreased at an average annual rate of X% from 2012 to 2022. At the same time, Poland (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Ukraine (X%) illustrated a downward trend over the same period. Poland (X p.p.) and the Czech Republic (X p.p.) significantly strengthened its position in terms of the total exports, while Ukraine saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hungary ($X) remains the largest crude maize oil supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Ukraine ($X), with a X% share of total exports. It was followed by Poland, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Hungary was relatively modest. In the other countries, the average annual rates were as follows: Ukraine (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, jumping by X% against the previous year. Export price indicated mild growth 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, crude maize oil export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Hungary ($X per ton) and Ukraine ($X per ton), while Poland ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced mixed trends in the export price figures.

Crude Maize Oil Imports

Imports in Eastern Europe

In 2022, after two years of growth, there was significant decline in purchases abroad of crude maize (corn) oil, when their volume decreased by X% to X tons. Overall, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The volume of import peaked at X tons in 2021, and then dropped remarkably in the following year.

In value terms, crude maize oil imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then contracted in the following year.

Imports by Country

Poland represented the major importer of crude maize (corn) oil in Eastern Europe, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. Slovakia (X tons) held the second position in the ranking, distantly followed by Romania (X tons) and Belarus (X tons). All these countries together took near X% share of total imports. The Czech Republic (X tons) followed a long way behind the leaders.

Imports into Poland increased at an average annual rate of X% from 2012 to 2022. At the same time, Belarus (X%), Slovakia (X%), the Czech Republic (X%) and Romania (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. While the share of Poland (X p.p.), Slovakia (X p.p.), Romania (X p.p.), Belarus (X p.p.) and the Czech Republic (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported crude maize (corn) oil in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Slovakia ($X), with an X% share of total imports. It was followed by Belarus, with a X% share.

In Poland, crude maize oil imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Slovakia (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, growing by X% against the previous year. In general, the import price saw a measured expansion. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :