Benelux: Maize Oil Market 2024

Maize Oil Market Size in Benelux

In 2023, the Benelux maize oil market increased by X% to $X for the first time since 2020, thus ending a two-year declining trend. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.

Maize Oil Production in Benelux

In value terms, maize oil production declined slightly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Maize Oil Exports

Exports in Benelux

In 2023, overseas shipments of maize oil increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, maize oil exports reduced slightly to $X in 2023. Over the period under review, exports, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Belgium dominates exports structure, reaching X tons, which was near X% of total exports in 2023. The Netherlands (X tons) held a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to maize oil exports from Belgium stood at X%. At the same time, the Netherlands (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of X% from 2012-2023. While the share of the Netherlands (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Belgium (X p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest maize oil supplier in Benelux, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Belgium totaled X%.

Export Prices by Country

In 2023, the export price in Benelux amounted to $X per ton, dropping by X% against the previous year. Export price indicated a slight expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, maize oil export price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then dropped in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%).

Maize Oil Imports

Imports in Benelux

Maize oil imports skyrocketed to X tons in 2023, picking up by X% on 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, maize oil imports surged to $X in 2023. In general, imports continue to indicate a mild expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Belgium (X tons) was the largest importer of maize oil, comprising X% of total imports. It was distantly followed by the Netherlands (X tons), comprising a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to maize oil imports into Belgium stood at X%. At the same time, the Netherlands (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of X% from 2012-2023. The Netherlands (X p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Belgium ($X) constitutes the largest market for imported maize oil in Benelux, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Belgium was relatively modest.

Import Prices by Country

In 2023, the import price in Benelux amounted to $X per ton, shrinking by X% against the previous year. Import price indicated mild growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, maize oil import price increased by X% against 2018 indices. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2022, and then fell modestly in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%).

Source: IndexBox Platform