Singapore - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Maize Oil Price in Singapore - 2022
Contents:
- Refined Maize Oil Price in Singapore (CIF) - 2022
- Refined Maize Oil Price in Singapore (FOB) - 2022
- Refined Maize Oil Imports in Singapore
- Refined Maize Oil Exports in Singapore
Refined Maize Oil Price in Singapore (CIF) - 2022
In September 2022, the average refined maize oil import price amounted to $2,876 per ton, declining by -5.5% against the previous month. In general, import price indicated notable growth from September 2021 to September 2022: its price increased at an average monthly rate of +4.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, refined maize oil import price decreased by -5.7% against July 2022 indices. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 33% against the previous month. The import price peaked at $3,049 per ton in July 2022; however, from August 2022 to September 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2022, the country with the highest price was Malaysia ($3,019 per ton), while the price for South Korea stood at $2,830 per ton.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Maize Oil Price in Singapore (FOB) - 2022
The average refined maize oil export price stood at $3,818 per ton in September 2022, growing by 5.7% against the previous month. Over the period under review, export price indicated a noticeable increase from September 2021 to September 2022: its price increased at an average monthly rate of +4.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, refined maize oil export price increased by +29.2% against March 2022 indices. The pace of growth appeared the most rapid in January 2022 an increase of 40% against the previous month. The export price peaked in September 2022.
Average prices varied somewhat for the major external markets. In September 2022, the highest price was recorded for prices to the Philippines ($3,860 per ton) and Indonesia ($3,818 per ton), while the average price for exports to Hong Kong SAR ($2,957 per ton) and Kuwait ($3,731 per ton) were amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Maize Oil Imports in Singapore
In 2022, the amount of refined maize (corn) oil imported into Singapore contracted sharply to 1.5K tons, waning by -37.7% on the year before. In general, imports showed a sharp descent. The smallest decline of -12.2% was in 2021.
In value terms, refined maize oil imports reduced markedly to $3.1M in 2022. Over the period under review, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 23% against the previous year.
Import of Refined Maize Oil in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 1,706 | 769 | 1,186 | 2,084 | 6.9% |
Malaysia | 894 | 528 | 265 | 840 | -2.1% |
China | 1,567 | 1,579 | 2,690 | 149 | -54.4% |
Spain | 174 | 139 | 219 | N/A | 12.2% |
Taiwan (Chinese) | 291 | 464 | N/A | N/A | 59.5% |
Others | 124 | 85.0 | 21.9 | 1.3 | -78.1% |
Total | 4,755 | 3,564 | 4,383 | 3,074 | -13.5% |
Top Suppliers of Refined Maize Oil to Singapore in 2022:
- South Korea (1083.6 tons)
- Malaysia (385.3 tons)
- China (59.3 tons)
Refined Maize Oil Exports in Singapore
In 2022, approx. 1K tons of refined maize (corn) oil were exported from Singapore; with a decrease of -24.4% compared with the year before. Over the period under review, exports saw a significant decline.
In value terms, refined maize oil exports reduced to $2.5M in 2022. Overall, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year.
Export of Refined Maize Oil in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Philippines | 775 | 825 | 849 | 1,586 | 27.0% |
Kuwait | 436 | 315 | 173 | 379 | -4.6% |
Indonesia | 988 | 345 | 1,312 | 258 | -36.1% |
Bahrain | 226 | 51.4 | N/A | 137 | -15.4% |
Mauritius | 36.6 | 30.1 | 36.9 | 43.3 | 5.8% |
Cambodia | 10.3 | 0.1 | N/A | 41.0 | 58.5% |
Maldives | 129 | 44.5 | 30.3 | 32.9 | -36.6% |
Malaysia | 416 | 433 | 94.5 | 0.5 | -89.4% |
Vietnam | 152 | N/A | 0.6 | N/A | -93.7% |
Others | 208 | 174 | 191 | 67.2 | -31.4% |
Total | 3,378 | 2,217 | 2,687 | 2,544 | -9.0% |
Top Export Markets for Refined Maize Oil from Singapore in 2022:
- Philippines (638.0 tons)
- Kuwait (148.8 tons)
- Indonesia (103.2 tons)
- Bahrain (55.9 tons)
- Mauritius (16.2 tons)
- Cambodia (15.8 tons)
- Maldives (12.7 tons)
- Malaysia (0.5 tons)
This report provides an in-depth analysis of the refined maize oil market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10621460 - Refined maize (corn) oil and its fractions (excluding chemically modified)
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The global maize oil market is expected to experience a steady increase in demand over the next seven years, with a projected growth in market volume to 7.9M tons and market value to $17.9B by 2030.
Global maize oil consumption amounted to X thousand tons in 2015, falling by -X% against the previous year level.
In 2015, the country with the largest volume of the maize oil output was the United States (X thousand tons), accounting for X% of global production.
The maize oil market reached X million USD, rising with an annual increase of X%.
The U.S. dominates in the global maize oil trade. In 2014, the U.S. exported X thousand tons of maize oil totaling X million USD, X% under the previous year. Its primary trading partner was Saudi Arabia, where it supplied X% of its total maize
Global linseed oil consumption amounted to X thousand tons in 2015, shrinking by -X% against the previous year level.
In 2015, the countries with the highest levels of linseed oil production were China (X thousand tons), Belgium (X thousand tons), the United States (X thousand tons), together accounting for X% of total output.
Belgium continued its dominance in the global linseed oil trade. In 2014, Belgium exported X thousand tons of linseed oil totaling X million USD, X% under the previous year. Its primary trading partner was Germany, where it supplied X% of its to
The global sesame oil market revenue amounted to $X in 2017 (IndexBox estimate), flattening at the previous year. This ...
In 2016, global sesame oil market reached X tons, expanding robustly over the last four years. In wholesale prices, the market totaled $X, also undergoing a prominent expansion. This figure reflects the total revenue of producers and importer