South-Eastern Asia: Maize Oil Market 2024

Maize Oil Market Size in South-Eastern Asia

The Southeast Asian maize oil market skyrocketed to $X in 2022, rising by X% against the previous year. In general, consumption enjoyed a remarkable increase. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Maize Oil Production in South-Eastern Asia

In value terms, maize oil production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a resilient increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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Maize Oil Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of maize oil decreased by X% to X tons, falling for the fourth year in a row after seven years of growth. Over the period under review, exports saw a abrupt downturn. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, maize oil exports rose sharply to $X in 2022. In general, exports saw a noticeable slump. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia represented the major exporter of maize oil in South-Eastern Asia, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. Singapore (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Myanmar (X%). Indonesia (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to maize oil exports from Malaysia stood at X%. At the same time, Myanmar (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia and Myanmar increased by X and X percentage points, respectively.

In value terms, Malaysia ($X) remains the largest maize oil supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Myanmar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Myanmar (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price enjoyed prominent growth. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Maize Oil Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of maize oil were imported in South-Eastern Asia; increasing by X% against 2021. In general, imports recorded buoyant growth. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, maize oil imports surged to $X in 2022. Over the period under review, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Singapore was the main importing country with an import of about X tons, which resulted at X% of total imports. Malaysia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (X%). Indonesia (X tons) and Vietnam (X tons) followed a long way behind the leaders.

Singapore was also the fastest-growing in terms of the maize oil imports, with a CAGR of X% from 2012 to 2022. At the same time, the Philippines (X%) and Indonesia (X%) displayed positive paces of growth. By contrast, Malaysia (X%) and Vietnam (X%) illustrated a downward trend over the same period. While the share of Singapore (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Philippines (X p.p.), Indonesia (X p.p.), Vietnam (X p.p.) and Malaysia (X p.p.) displayed negative dynamics.

In value terms, Singapore ($X) constitutes the largest market for imported maize oil in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

In Singapore, 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: Malaysia (X% per year) and the Philippines (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a measured 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, maize oil import price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when the import price increased by 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 the immediate term.

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

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

Source: IndexBox Platform

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