United Kingdom - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Maize Oil Price in the UK - 2023
Contents:
- Refined Maize Oil Price in the UK (CIF) - 2023
- Refined Maize Oil Price in the UK (FOB) - 2022
- Refined Maize Oil Imports in the UK
- Refined Maize Oil Exports in the UK
Refined Maize Oil Price in the UK (CIF) - 2023
In June 2023, the average refined maize oil import price amounted to $2,491 per ton, with an increase of 4.6% against the previous month. In general, the import price, however, continues to indicate a perceptible contraction. The pace of growth was the most pronounced in October 2022 an increase of 19% m-o-m. Over the period under review, average import prices hit record highs at $3,212 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was France ($3,554 per ton), while the price for Spain ($1,673 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+1.3%), while the prices for the other major suppliers experienced a decline.
Refined Maize Oil Price in the UK (FOB) - 2022
The average refined maize oil export price stood at $3,868 per ton in 2022, jumping by 19% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 an increase of 78% against the previous year. Over the period under review, the average export prices reached the peak figure at $8,422 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($11,648 per ton), while the average price for exports to Sweden ($2,193 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 Singapore (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Maize Oil Imports in the UK
In 2022, overseas purchases of refined maize (corn) oil increased by 113% to 4.1K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, refined maize oil imports surged to $11M in 2022. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Refined Maize Oil in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 1.9 | 1.4 | 0.2 | 7.1 | 55.2% |
Sweden | N/A | N/A | 1.7 | 1.9 | 11.8% |
France | 0.9 | N/A | N/A | 1.3 | 13.0% |
Italy | N/A | 0.2 | 0.3 | 0.2 | 0.0% |
Netherlands | N/A | 0.9 | 1.0 | 0.1 | -66.7% |
Others | 0.7 | 0.9 | 0.6 | 0.2 | -34.1% |
Total | 3.5 | 3.3 | 3.8 | 10.6 | 44.7% |
Top Suppliers of Refined Maize Oil to the UK in 2022:
- Belgium (2724.1 tons)
- Sweden (743.6 tons)
- France (516.4 tons)
- Italy (81.2 tons)
- Netherlands (45.0 tons)
Refined Maize Oil Exports in the UK
In 2022, overseas shipments of refined maize (corn) oil decreased by -34.7% to 64 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a significant decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 733%. As a result, the exports reached the peak of 3.7K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, refined maize oil exports reduced markedly to $246K in 2022. In general, exports recorded a dramatic contraction. The growth pace was the most rapid in 2020 with an increase of 212%. As a result, the exports attained the peak of $6.8M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Refined Maize Oil in the UK (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Norway | 102 | 12.9 | 58.3 | 54.9 | -18.7% |
Singapore | 14.7 | 17.9 | 11.0 | 49.0 | 49.4% |
Hong Kong SAR | 59.8 | 69.5 | 28.4 | 31.7 | -19.1% |
Ireland | 28.3 | 38.2 | 19.7 | 30.1 | 2.1% |
Cayman Islands | 11.0 | 24.2 | 25.7 | 27.5 | 35.7% |
Denmark | 4.9 | 9.9 | 8.8 | 7.7 | 16.3% |
Sweden | 12.1 | 17.1 | 3.4 | 7.5 | -14.7% |
Germany | 632 | 682 | 128 | 3.1 | -83.0% |
Belgium | 23.8 | 5,605 | 1.3 | 3.1 | -49.3% |
France | 538 | 159 | N/A | N/A | -70.4% |
Others | 757 | 179 | 31.6 | 31.3 | -65.4% |
Total | 2,184 | 6,815 | 317 | 246 | -51.7% |
Top Export Markets for Refined Maize Oil from the UK in 2022:
- Norway (23.9 tons)
- Ireland (10.4 tons)
- Hong Kong SAR (9.0 tons)
- Singapore (4.2 tons)
- Sweden (3.4 tons)
- Cayman Islands (3.1 tons)
- Denmark (2.8 tons)
- Germany (0.9 tons)
- Belgium (0.8 tons)
This report provides an in-depth analysis of the refined maize oil market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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%.
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