Spain: Crude Maize Oil Market 2024

Crude Maize Oil Market Size in Spain

The Spanish crude maize oil market declined sharply to $X in 2022, waning by X% against the previous year. Over the period under review, consumption showed a abrupt decline. Crude maize oil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Crude Maize Oil Production in Spain

In value terms, crude maize oil production reached $X in 2022 estimated in export price. Overall, production saw a perceptible contraction. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Crude maize oil production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Crude Maize Oil Exports

Exports from Spain

Crude maize oil exports from Spain skyrocketed to X tons in 2022, with an increase of X% compared with 2021 figures. In general, exports continue to indicate measured growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, crude maize oil exports surged to $X in 2022. Overall, exports enjoyed a notable expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Belgium (X tons), France (X tons) and Portugal (X tons) were the main destinations of crude maize oil exports from Spain, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) emerged as the key foreign market for crude maize (corn) oil exports from Spain, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Portugal, with a X% share.

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

Export Prices by Country

In 2022, the average crude maize oil export price amounted to $X per ton, jumping by X% against the previous year. Overall, export 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, crude maize oil export price increased by X% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to France ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Maize Oil Imports

Imports into Spain

In 2022, approx. X tons of crude maize (corn) oil were imported into Spain; falling by X% compared with the previous year. Over the period under review, imports faced a sharp decline. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, crude maize oil imports fell dramatically to $X in 2022. Overall, imports faced a dramatic contraction. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Argentina (X tons) constituted the largest crude maize oil supplier to Spain, accounting for a X% share of total imports. Moreover, crude maize oil imports from Argentina exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was taken by Brazil (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Brazil (X% per year).

In value terms, Argentina ($X) constituted the largest supplier of crude maize (corn) oil to Spain, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Argentina totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the average crude maize oil import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price showed notable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Argentina ($X per ton) and Brazil ($X per ton), while the price for France ($X per ton) and Colombia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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