Netherlands: Maize Oil Market 2024

Maize Oil Market Size in the Netherlands

The Dutch maize oil market rose notably to $X in 2022, surging by 10% against the previous year. Overall, consumption showed a pronounced increase. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Maize Oil Production in the Netherlands

In value terms, maize oil production totaled $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 5.4% against the previous year. Maize oil production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Maize Oil Exports

Exports from the Netherlands

After two years of growth, overseas shipments of maize oil decreased by -28.3% to X tons in 2022. Over the period under review, exports, however, showed prominent growth. The growth pace was the most rapid in 2021 with an increase of 467% against the previous year. As a result, the exports reached the peak of X tons, and then contracted significantly in the following year.

In value terms, maize oil exports dropped sharply to $X in 2022. Overall, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 394%. As a result, the exports attained the peak of $X, and then dropped rapidly in the following year.

Exports by Country

Jamaica (X tons) was the main destination for maize oil exports from the Netherlands, accounting for a 46% share of total exports. Moreover, maize oil exports to Jamaica exceeded the volume sent to the second major destination, France (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Jamaica was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+22.7% per year) and Germany (+13.4% per year).

In value terms, Jamaica ($X) emerged as the key foreign market for maize oil exports from the Netherlands, comprising 46% of total exports. The second position in the ranking was held by France ($X), with a 17% share of total exports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Jamaica was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+9.8% per year) and Germany (+8.9% per year).

Export Prices by Country

The average maize oil export price stood at $X per ton in 2022, surging by 12% against the previous year. Overall, the export price, however, continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2016 an increase of 27% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Estonia ($X 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 Russia (+10.5%), while the prices for the other major destinations experienced mixed trend patterns.

Maize Oil Imports

Imports into the Netherlands

In 2022, maize oil imports into the Netherlands declined to X tons, shrinking by -6.6% against the previous year. Over the period under review, imports, however, continue to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 476%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, maize oil imports stood at $X in 2022. In general, imports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 396% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Poland (X tons), Belgium (X tons) and Argentina (X tons) were the main suppliers of maize oil imports to the Netherlands, together comprising 83% of total imports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +551.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest maize oil suppliers to the Netherlands were Poland ($X), Belgium ($X) and Argentina ($X), together comprising 81% of total imports.

Among the main suppliers, Argentina, with a CAGR of +397.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average maize oil import price amounted to $X per ton, with an increase of 20% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 95% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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