Benelux: Maize Oil Market 2025

Maize Oil Market Size in Benelux

The Benelux maize oil market skyrocketed to $X in 2022, surging by 18% against the previous year. In general, consumption, however, saw a modest expansion. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Maize Oil Production in Benelux

In value terms, maize oil production surged to $X in 2022 estimated in export price. In general, production saw a noticeable downturn. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Maize Oil Exports

Exports in Benelux

In 2022, shipments abroad of maize oil was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 38% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, maize oil exports surged to $X in 2022. Overall, exports, however, showed a pronounced contraction. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium dominates exports structure, resulting at X tons, which was near 96% of total exports in 2022. The Netherlands (X tons) held a little share of total exports.

Exports from Belgium decreased at an average annual rate of -7.1% from 2012 to 2022. At the same time, the Netherlands (+7.8%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +7.8% from 2012-2022. The Netherlands (+3 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -3.2% from 2012 to 2022, respectively.

In value terms, Belgium ($X) remains the largest maize oil supplier in Benelux, comprising 97% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 3.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium totaled -4.1%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, increasing by 29% against the previous year. Export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, maize oil export price increased by +120.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 46%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.2%).

Maize Oil Imports

Imports in Benelux

In 2022, the amount of maize oil imported in Benelux amounted to X tons, approximately equating the previous year's figure. Overall, imports, however, showed a pronounced descent. The pace of growth was the most pronounced in 2017 when imports increased by 261%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, maize oil imports surged to $X in 2022. In general, imports, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2017 with an increase of 261%. 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

Belgium was the key importer of maize oil in Benelux, with the volume of imports resulting at X tons, which was near 72% of total imports in 2022. It was distantly followed by the Netherlands (X tons), achieving a 26% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

Imports into Belgium decreased at an average annual rate of -6.6% from 2012 to 2022. At the same time, the Netherlands (+3.9%) and Luxembourg (+3.3%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of +3.9% from 2012-2022. From 2012 to 2022, the share of the Netherlands increased by +15 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported maize oil in Benelux, comprising 71% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 24% share of total imports.

In Belgium, maize oil imports plunged by an average annual rate of -4.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (+3.8% per year) and Luxembourg (+4.7% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, surging by 20% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, maize oil import price increased by +92.9% against 2018 indices. The growth pace was the most rapid in 2021 when the import price increased by 59% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform