Global Maize Oil Market 2022

Maize Oil Market Size

The global maize oil market dropped modestly to $X in 2021, approximately reflecting the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the peak level at $X in 2020, and then dropped modestly in the following year.

Maize Oil Production

In value terms, maize oil production fell to $X in 2021 estimated in export prices. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X, and then declined in the following year.

Production By Country

The country with the largest volume of maize oil production was the United States (X tonnes), comprising approx. X% of total volume. Moreover, maize oil production in the United States exceeded the figures recorded by the second-largest producer, China (X tonnes), threefold. Brazil (X tonnes) ranked third in terms of total production with a X% share.

In the United States, maize oil production increased at an average annual rate of +X% over the period from 2012-2021. The remaining producing countries recorded the following average annual rates of production growth: China (+X% per year) and Brazil (+X% per year).

Maize Oil Exports

Exports

In 2021, shipments abroad of maize oil decreased by -X% to X tonnes, falling for the fifth consecutive year after two years of growth. Over the period under review, exports showed a pronounced shrinkage. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. The global exports peaked at X tonnes in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, maize oil exports surged to $X in 2021. Overall, exports continue to indicate a pronounced decrease. The global exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, the United States (X tonnes) was the main exporter of maize oil, creating X% of total exports. Turkey (X tonnes) ranks second in terms of the total exports with a X% share, followed by Brazil (X%). The following exporters - Saudi Arabia (X tonnes), Canada (X tonnes), Hungary (X tonnes), Austria (X tonnes), Belgium (X tonnes), Argentina (X tonnes), South Korea (X tonnes), Italy (X tonnes), Oman (X tonnes) and France (X tonnes) - together made up X% of total exports.

Exports from the United States decreased at an average annual rate of -X% from 2012 to 2021. At the same time, Turkey (+X%), Austria (+X%), South Korea (+X%), Italy (+X%), Canada (+X%), Brazil (+X%), Argentina (+X%) and Oman (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2012-2021. By contrast, Saudi Arabia (-X%), France (-X%), Hungary (-X%) and Belgium (-X%) illustrated a downward trend over the same period. While the share of Turkey (+X p.p.), Brazil (+X p.p.), Austria (+X p.p.), Canada (+X p.p.) and South Korea (+X p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Belgium (-X p.p.) and the United States (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest maize oil supplying countries worldwide were the United States ($X), Turkey ($X) and Saudi Arabia ($X), with a combined X% share of global exports.

Among the main exporting countries, Turkey, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average maize oil export price amounted to $X per tonne, picking up by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Austria ($X per tonne), while Argentina ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the other global leaders experienced more modest paces of growth.

Maize Oil Imports

Imports

In 2021, after four years of decline, there was significant growth in purchases abroad of maize oil, when their volume increased by X% to X tonnes. In general, imports, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2016 when imports increased by X% year-to-year. As a result, imports attained the peak of X tonnes. From 2017 to 2021, the growth of global imports remained at a lower figure.

In value terms, maize oil imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Over the period under review, global imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Kuwait (X tonnes), Saudi Arabia (X tonnes), Libya (X tonnes) and Tunisia (X tonnes) represented the key importer of maize oil in the world, committing X% of total import. The following importers - the United States (X tonnes), Egypt (X tonnes), the United Arab Emirates (X tonnes), Spain (X tonnes), Azerbaijan (X tonnes), Israel (X tonnes), Malaysia (X tonnes), Jordan (X tonnes) and Greece (X tonnes) - together made up X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Israel (+X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest maize oil importing markets worldwide were Kuwait ($X), Libya ($X) and Saudi Arabia ($X), together comprising X% of global imports. These countries were followed by Azerbaijan, Egypt, Tunisia, the United Arab Emirates, the United States, Spain, Israel, Jordan, Greece and Malaysia, which together accounted for a further X terms of the main importing countries, Azerbaijan, 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 global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average maize oil import price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the import price, however, showed a pronounced reduction. Over the period under review, average import prices hit record highs at $X per tonne in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Azerbaijan ($X per tonne), while Tunisia ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform