Germany: Refined Maize Oil Market 2024

Refined Maize Oil Market Size in Germany

The German refined maize oil market surged to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, saw a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Refined Maize Oil Production in Germany

In value terms, refined maize oil production reached $X in 2022 estimated in export price. Overall, production, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Refined Maize Oil Exports

Exports from Germany

In 2022, refined maize oil exports from Germany soared to X tons, jumping by X% compared with the year before. Over the period under review, exports posted a perceptible expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, refined maize oil exports surged to $X in 2022. Overall, exports posted a perceptible expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Romania (X tons) was the main destination for refined maize oil exports from Germany, with a X% share of total exports. Moreover, refined maize oil exports to Romania exceeded the volume sent to the second major destination, France (X tons), more than tenfold. Belgium (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Romania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Belgium (X% per year).

In value terms, Romania ($X) remains the key foreign market for refined maize (corn) oil exports from Germany, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Romania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Poland (X% per year).

Export Prices by Country

The average refined maize oil export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. 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 in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Maize Oil Imports

Imports into Germany

Refined maize oil imports into Germany skyrocketed to X tons in 2022, growing by X% against 2021 figures. In general, imports continue to indicate a measured increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, refined maize oil imports soared to $X in 2022. Over the period under review, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Austria (X tons), the United States (X tons) and Belgium (X tons) were the main suppliers of refined maize oil imports to Germany, with a combined X% share of total imports. Italy, France, Sweden and the UK lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest refined maize oil suppliers to Germany were the United States ($X), Austria ($X) and France ($X), with a combined X% share of total imports.

Among the main suppliers, France, 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 average refined maize oil import price amounted to $X per ton, surging by X% against the previous year. In general, import price indicated temperate 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, refined maize oil import price increased by X% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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