U.S. - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMaize Oil Export in United States Falls Dramatically to $29M in April 2023
U.S. Maize Oil Exports
After two months of growth, overseas shipments of maize oil decreased by -5.2% to 18K tons in April 2023. Over the period under review, exports, however, saw a noticeable increase. The pace of growth was the most pronounced in August 2022 with an increase of 462% m-o-m. As a result, the exports attained the peak of 21K tons. From September 2022 to April 2023, the growth of the exports remained at a lower figure.
In value terms, maize oil exports shrank rapidly to $29M (IndexBox estimates) in April 2023. In general, exports, however, saw a tangible expansion. The growth pace was the most rapid in August 2022 when exports increased by 782% month-to-month. As a result, the exports reached the peak of $57M. From September 2022 to April 2023, the growth of the exports remained at a somewhat lower figure.
| COUNTRY | Export Value of Maize Oil in U.S. (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | |
| Singapore | 4.2 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.2 | N/A | 9.9 |
| Saudi Arabia | 7.1 | N/A | 11.8 | N/A | 11.7 | N/A | N/A | 11.7 | 10.3 | N/A | N/A | 6.6 | 9.7 |
| Germany | N/A | 7.5 | N/A | N/A | N/A | N/A | 8.7 | N/A | N/A | N/A | N/A | 5.5 | 4.9 |
| Mexico | 1.8 | 2.2 | 1.9 | 0.5 | 2.0 | 1.4 | 1.9 | 0.8 | 0.5 | 1.3 | 1.4 | 0.9 | 1.7 |
| Canada | 1.4 | 1.7 | 1.4 | 1.5 | 2.9 | 4.1 | 1.6 | 1.9 | 2.3 | 2.3 | 1.5 | 1.1 | 1.5 |
| Qatar | 0.7 | 1.8 | 3.0 | 3.7 | 2.5 | 1.4 | 3.4 | 2.1 | 3.3 | 1.6 | 1.8 | 1.4 | 1.2 |
| Kuwait | N/A | N/A | 16.9 | N/A | 36.9 | N/A | N/A | N/A | 24.0 | N/A | N/A | 15.8 | N/A |
| Others | 1.2 | 1.9 | 0.6 | 0.6 | 0.5 | 0.3 | 1.4 | 0.6 | 0.3 | 0.4 | 0.5 | 6.1 | 0.4 |
| Total | 16.5 | 15.1 | 35.5 | 6.4 | 56.5 | 7.2 | 17.0 | 17.1 | 40.8 | 5.6 | 8.6 | 37.4 | 29.4 |
Exports by Country
Saudi Arabia (7K tons), Singapore (6K tons) and Germany (2.9K tons) were the main destinations of maize oil exports from the United States, with a combined 87% share of total exports. Qatar, Mexico and Canada lagged somewhat behind, together accounting for a further 12%.
From April 2022 to April 2023, the biggest increases were in Qatar (with a CAGR of +6.1%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for maize oil exported from the United States were Singapore ($9.9M), Saudi Arabia ($9.7M) and Germany ($4.9M), together accounting for 84% of total exports.
Singapore, with a CAGR of +7.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Crude maize (corn) oil (17K tons) was the largest type of maize oil exported from the United States, accounting for a 92% share of total exports. Moreover, crude maize (corn) oil exceeded the volume of the second product type, refined maize (corn) oil (1.5K tons), more than tenfold.
From April 2022 to April 2023, the average monthly growth rate of the volume of export of crude maize (corn) oil stood at +5.2%.
In value terms, crude maize (corn) oil ($26M) remains the largest type of maize oil exported from the United States, comprising 88% of total exports. The second position in the ranking was held by refined maize (corn) oil ($3.6M), with a 12% share of total exports.
From April 2022 to April 2023, the average monthly rate of growth in terms of the export volume of crude maize (corn) oil amounted to +6.2%.
Export Prices by Country
In April 2023, the maize oil price amounted to $1,611 per ton (FOB, US), which is down by -17.1% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 an increase of 57% against the previous month. As a result, the export price reached the peak level of $2,699 per ton. From September 2022 to April 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In April 2023, the country with the highest price was Canada ($2,701 per ton), while the average price for exports to Saudi Arabia ($1,391 per ton) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the maize oil market in the U.S.. 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:
- FCL 60 - Oil of Maize
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- 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: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- 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: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
