Europe: Refined Maize Oil Market 2024

Refined Maize Oil Market Size in Europe

In 2022, after four years of decline, there was growth in the Europe refined maize oil market, when its value increased by X% to $X. In general, consumption, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Refined Maize Oil Production in Europe

In value terms, refined maize oil production totaled $X in 2022 estimated in export price. In general, production showed a abrupt setback. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Refined Maize Oil Exports

Exports in Europe

In 2022, shipments abroad of refined maize (corn) oil decreased by X% to X tons, falling for the fifth year in a row after three years of growth. In general, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, refined maize oil exports soared to $X in 2022. Overall, exports showed a noticeable setback. The growth pace was the most rapid in 2016 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Belgium (X tons) represented the key exporter of refined maize (corn) oil, generating X% of total exports. It was distantly followed by Italy (X tons), France (X tons), Austria (X tons), Spain (X tons) and Russia (X tons), together constituting a X% share of total exports. Poland (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of X%), while 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, Russia and Poland lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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, increasing by X% against the previous year. Export price indicated a temperate increase 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 most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: 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 Russia (X%), while the other leaders experienced more modest paces of growth.

Refined Maize Oil Imports

Imports in Europe

In 2022, refined maize oil imports in Europe surged to X tons, with an increase of X% on the year before. Overall, imports, however, saw a noticeable descent. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, refined maize oil imports skyrocketed to $X in 2022. In general, imports showed a slight expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons), distantly followed by Greece (X tons), France (X tons), the UK (X tons), Belgium (X tons) and the Netherlands (X tons) were the key importers of refined maize (corn) oil, together constituting X% of total imports. The following importers - Austria (X tons), Albania (X tons), Romania (X tons) and Spain (X tons) - together made up X% of total imports.

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

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

In Germany, refined maize oil imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Greece (X% per year) and the UK (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price recorded a tangible expansion. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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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