Italy: Maize Oil Market 2024

Maize Oil Market Size in Italy

The Italian maize oil market reduced modestly to $X in 2022, remaining stable against the previous year. Overall, consumption saw a noticeable setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Maize Oil Production in Italy

In value terms, maize oil production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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Maize Oil Exports

Exports from Italy

Maize oil exports from Italy rose remarkably to X tons in 2022, with an increase of X% against the year before. Overall, total exports indicated strong growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, maize oil exports skyrocketed to $X in 2022. In general, total exports indicated a strong increase from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Greece (X tons) was the main destination for maize oil exports from Italy, accounting for a X% share of total exports. Moreover, maize oil exports to Greece exceeded the volume sent to the second major destination, Israel (X tons), threefold. The third position in this ranking was held by Austria (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Greece was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and Austria (X% per year).

In value terms, Greece ($X) remains the key foreign market for maize oil exports from Italy, comprising X% of total exports. The second position in the ranking was taken by Israel ($X), with a X% share of total exports. It was followed by Jamaica, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Greece was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and Jamaica (X% per year).

Export Prices by Country

In 2022, the average maize oil export price amounted to $X per ton, surging by X% against the previous year. Overall, 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 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Libya ($X per ton), while the average price for exports to Austria ($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 Kosovo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Maize Oil Imports

Imports into Italy

In 2022, the amount of maize oil imported into Italy declined dramatically to X tons, which is down by X% against the previous year. Overall, imports faced a precipitous curtailment. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, maize oil imports reduced remarkably to $X in 2022. In general, imports faced a sharp decline. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), Romania (X tons) and Poland (X tons) were the main suppliers of maize oil imports to Italy, with a combined X% share of total imports. Croatia, Austria, Bulgaria, Hungary, Libya, Belgium and France lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest maize oil suppliers to Italy were Germany ($X), Romania ($X) and Poland ($X), with a combined X% share of total imports. Austria, Croatia, Bulgaria, Hungary, Libya, France and Belgium lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Croatia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average maize oil import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, import price indicated mild 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, maize oil import price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Libya ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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