Europe: Maize Oil Market 2024

Maize Oil Market Size in Europe

In 2022, the Europe maize oil market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Maize Oil Production in Europe

In value terms, maize oil production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible decline. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Maize Oil Exports

Exports in Europe

In 2022, shipments abroad of maize oil was finally on the rise to reach X tons after four years of decline. Overall, exports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, maize oil exports surged to $X in 2022. In general, exports, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the four major exporters of maize oil, namely Hungary, Belgium, Italy and France, represented more than two-thirds of total export. Spain (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Austria (X%). Poland (X tons) took a relatively small 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 mixed trends in the exports figures.

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

Among the main exporting countries, Poland, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the export price in Europe amounted to $X per ton, growing by X% against the previous year. Export price indicated a slight 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 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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 Austria ($X per ton), while Poland ($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.

Maize Oil Imports

Imports in Europe

Maize oil imports rose to X tons in 2022, growing by X% on the previous year. Over the period under review, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, maize oil imports surged to $X in 2022. Overall, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of maize oil, namely Germany, Greece and Belgium, represented more than half of total import. Spain (X tons) took the next position in the ranking, followed by France (X tons), the Netherlands (X tons) and Austria (X tons). All these countries together took near X% share of total imports. The UK (X tons), Poland (X tons), Bosnia and Herzegovina (X tons), Sweden (X tons), Slovakia (X tons) and Romania (X tons) held a minor share of total imports.

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

In value terms, Germany ($X), Greece ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Spain, the UK, France, the Netherlands, Austria, Poland, Romania, Sweden, Bosnia and Herzegovina and Slovakia lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Bosnia and Herzegovina, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, surging by X% against the previous year. In general, the import price posted notable growth. The growth pace was 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 years to come.

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

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

Source: IndexBox Platform

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