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World - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGlobal Refined Maize Oil Market 2024
Refined Maize Oil Market Size
After two years of growth, the global refined maize oil market decreased by X% to $X in 2023. Overall, consumption showed a slight reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Global consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.
Refined Maize Oil Production
In value terms, refined maize oil production reduced remarkably to $X in 2023 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, global production reached the maximum level at $X in 2022, and then declined sharply in the following year.
Refined Maize Oil Exports
Exports
In 2023, approx. X tons of refined maize (corn) oil were exported worldwide; with a decrease of X% against the year before. Over the period under review, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the global exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.
In value terms, refined maize oil exports contracted markedly to $X in 2023. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The global exports peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.
Exports by Country
Turkey (X tons) and the United States (X tons) were the key exporters of refined maize (corn) oil in 2023, finishing at near X% and X% of total exports, respectively. Belgium (X tons) ranks next in terms of the total exports with an X% share, followed by Tunisia (X%), Saudi Arabia (X%), Canada (X%) and Italy (X%). China (X tons), Russia (X tons), Egypt (X tons), South Korea (X tons), the Dominican Republic (X tons) and South Africa (X tons) followed a long way behind the leaders.
From 2012 to 2023, the biggest increases were recorded for the Dominican Republic (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($X), Turkey ($X) and Belgium ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of global exports. Saudi Arabia, Tunisia, Canada, Italy, the Dominican Republic, China, Egypt, Russia, South Korea and South Africa lagged somewhat behind, together accounting for a further X%.
The Dominican Republic, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices by Country
The average refined maize oil export price stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The global export price peaked at $X per ton in 2022, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Russia ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other global leaders experienced more modest paces of growth.
Refined Maize Oil Imports
Imports
Global refined maize oil imports was estimated at X tons in 2023, growing by X% on the year before. Over the period under review, imports, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, global imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.
In value terms, refined maize oil imports fell to $X in 2023. Overall, imports, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, global imports hit record highs at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.
Imports by Country
In 2023, Libya (X tons), distantly followed by the United States (X tons), Kuwait (X tons), Tunisia (X tons) and the United Arab Emirates (X tons) were the main importers of refined maize (corn) oil, together committing X% of total imports. The following importers - Canada (X tons), Azerbaijan (X tons), Jordan (X tons), Qatar (X tons), Saudi Arabia (X tons), Oman (X tons), Israel (X tons) and Greece (X tons) - together made up X% of total imports.
Imports into Libya decreased at an average annual rate of X% from 2012 to 2023. At the same time, Oman (X%), Azerbaijan (X%), Qatar (X%), the United States (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. By contrast, Israel (X%), Canada (X%), Kuwait (X%), Jordan (X%), the United Arab Emirates (X%), Greece (X%) and Tunisia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United States, Azerbaijan, Oman and Qatar increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Libya ($X) constitutes the largest market for imported refined maize (corn) oil worldwide, comprising X% of global imports. The second position in the ranking was taken by the United States ($X), with a X% share of global imports. It was followed by Kuwait, with a X% share.
From 2012 to 2023, the average annual growth rate of value in Libya stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: the United States (X% per year) and Kuwait (X% per year).
Import Prices by Country
The average refined maize oil import price stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the import price, however, recorded mild growth. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Global import price peaked at $X per ton in 2022, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Jordan ($X per ton), while Tunisia ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other global leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the global refined maize oil market. 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:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- 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
-
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
- CONSUMPTION BY COUNTRY
- 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. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
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