Finland: Maize Oil Market Overview 2021

Maize Oil Market Size in Finland

The Finnish maize oil market fell modestly to $X in 2019, shrinking by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a precipitous decrease. The pace of growth appeared the most rapid in 2016 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. From 2017 to 2019, the growth of the market remained at a somewhat lower figure.

Maize Oil Exports

Exports from Finland

Maize oil exports from Finland shrank slightly to X kg in 2019, falling by -X% compared with 2018 figures. Over the period under review, exports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, maize oil exports declined markedly to $X in 2019. In general, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

Italy (X kg) was the main destination for maize oil exports from Finland, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Italy was relatively modest.

From 2007 to 2019, the average annual growth rate of value to Italy was relatively modest.

Export Prices by Country

The average maize oil export price stood at $X per tonne in 2019, falling by -X% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2008; however, from 2009 to 2019, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2007 to 2019, the rate of growth in terms of prices for Italy amounted to X% per year.

Maize Oil Imports

Imports into Finland

In 2019, overseas purchases of maize oil decreased by -X% to X tonnes, falling for the third year in a row after two years of growth. In general, imports saw a dramatic decline. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X tonnes. From 2017 to 2019, the growth imports remained at a lower figure.

In value terms, maize oil imports declined slightly to $X in 2019. Over the period under review, imports saw a precipitous decline. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, the U.S. (X tonnes) was the main maize oil supplier to Finland, accounting for a approx. X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from the U.S. stood at -X%.

In value terms, the U.S. ($X) constituted the largest supplier of maize oil to Finland.

From 2007 to 2019, the average annual growth rate of value from the U.S. amounted to -X%.

Import Prices by Country

In 2019, the average maize oil import price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the import price, however, saw a slight slump. The growth pace was the most rapid in 2017 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the maximum at $X per tonne in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

As there is only one major supplying country, the average price level is determined by prices for the U.S..

From 2007 to 2019, the rate of growth in terms of prices for the U.S. amounted to -X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for maize oil in the world?

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The U.S. (1.5M tonnes) constituted the country with the largest volume of maize oil consumption, comprising approx. 44% of total volume. Moreover, maize oil consumption in the U.S. exceeded the figures recorded by the second-largest consumer, China (513K tonnes), threefold. The third position in this ranking was occupied by Brazil (125K tonnes), with a 3.6% share.

What are the largest producers of maize oil in the world?

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The U.S. (1.8M tonnes) constituted the country with the largest volume of maize oil production, accounting for 51% of total volume. Moreover, maize oil production in the U.S. exceeded the figures recorded by the second-largest producer, China (523K tonnes), threefold. Brazil (136K tonnes) ranked third in terms of total production with a 3.9% share.

What are the leading suppliers of maize oil to Finland?

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In value terms, the U.S. ($1.3M) constituted the largest supplier of maize oil to Finland.

What is the average export price for maize oil in Finland?

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In 2019, the average maize oil export price amounted to $931 per tonne, dropping by -21.6% against the previous year.

What is the average import price for maize oil in Finland?

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In 2019, the average maize oil import price amounted to $682 per tonne, with an increase of 1.5% against the previous year.