EU: Refined Maize Oil Market 2024

Refined Maize Oil Market Size in the EU

The EU refined maize oil market was estimated at $X in 2022, increasing by X% against the previous year. In general, consumption, however, recorded a deep slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Refined Maize Oil Production in the EU

In value terms, refined maize oil production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Refined Maize Oil Exports

Exports in the EU

In 2022, approx. X tons of refined maize (corn) oil were exported in the European Union; shrinking by X% against 2021 figures. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, refined maize oil exports surged to $X in 2022. Over the period under review, exports recorded a deep downturn. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium was the largest exporting country with an export of around X tons, which reached X% of total exports. Italy (X tons) ranks second in terms of the total exports with a X% share, followed by France (X%), Austria (X%) and Spain (X%). Poland (X tons) and Sweden (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Italy ($X) and Austria ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports. France, Spain, Sweden and Poland lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated a tangible 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, refined maize oil export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Poland ($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.

Refined Maize Oil Imports

Imports in the EU

In 2022, the amount of refined maize (corn) oil imported in the European Union soared to X tons, rising by X% compared with the year before. Over the period under review, imports, however, showed a noticeable reduction. The growth pace was the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, refined maize oil imports surged to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons), distantly followed by Greece (X tons), France (X tons), Belgium (X tons), the Netherlands (X tons) and Austria (X tons) were the main importers of refined maize (corn) oil, together creating X% of total imports. Romania (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported refined maize (corn) oil in the European Union, comprising X% of total imports. The second position in the ranking was held by Greece ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Greece (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, rising by X% against the previous year. In general, the import price continues to indicate a noticeable increase. The pace of growth appeared the most rapid in 2021 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 Germany ($X per ton), while Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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