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Report CIS - Crude Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

CIS - Crude Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends and Insights

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CIS: Crude Maize Oil Market 2024

Crude Maize Oil Market Size in CIS

In 2022, the CIS crude maize oil market decreased by -1% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then shrank modestly in the following year.

Crude Maize Oil Production in CIS

In value terms, crude maize oil production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible decline. The pace of growth appeared the most rapid in 2017 when the production volume increased by 106% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Crude Maize Oil Exports

Exports in CIS

For the third consecutive year, the CIS recorded decline in shipments abroad of crude maize (corn) oil, which decreased by -12.6% to X tons in 2022. Overall, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2015 with an increase of 2,192% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, crude maize oil exports dropped to $X in 2022. In general, exports faced a abrupt slump. The pace of growth was the most pronounced in 2015 when exports increased by 4,617%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Belarus was the key exporting country with an export of around X tons, which finished at 79% of total exports. It was distantly followed by Russia (X tons), constituting a 21% share of total exports.

Belarus was also the fastest-growing in terms of the crude maize (corn) oil exports, with a CAGR of +89.0% from 2012 to 2022. Russia (-29.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belarus increased by +79 percentage points.

In value terms, Belarus ($X) remains the largest crude maize oil supplier in the CIS, comprising 76% of total exports. The second position in the ranking was held by Russia ($X), with a 24% share of total exports.

In Belarus, crude maize oil exports expanded at an average annual rate of +81.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, increasing by 2.4% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by 142%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+1.8%).

Crude Maize Oil Imports

Imports in CIS

In 2022, after three years of growth, there was significant decline in supplies from abroad of crude maize (corn) oil, when their volume decreased by -24.2% to X tons. Overall, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of 25%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, crude maize oil imports fell to $X in 2022. Over the period under review, imports, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2016 with an increase of 90%. Over the period under review, imports reached the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

The countries with the highest levels of crude maize oil imports in 2022 were Azerbaijan (X tons), together accounting for 100% of total import.

Azerbaijan was also the fastest-growing in terms of the crude maize (corn) oil imports, with a CAGR of -6.2% from 2012 to 2022. Azerbaijan (+8.2 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Azerbaijan ($X) constitutes the largest market for imported crude maize (corn) oil in the CIS.

In Azerbaijan, crude maize oil imports increased at an average annual rate of +3.8% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, rising by 17% against the previous year. Over the period under review, the import price recorded a resilient expansion. The pace of growth was the most pronounced in 2016 an increase of 95%. Over the period under review, import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Azerbaijan.

From 2012 to 2022, the rate of growth in terms of prices for Azerbaijan amounted to +10.6% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Azerbaijan remains the largest crude maize oil consuming country in the CIS, comprising approx. 51% of total volume. Moreover, crude maize oil consumption in Azerbaijan exceeded the figures recorded by the second-largest consumer, Russia, twofold. Moldova ranked third in terms of total consumption with a 15% share.
The countries with the highest volumes of in 2021 were Azerbaijan, Russia and Moldova, with a combined 81% share of total production.
In value terms, Russia remains the largest crude maize oil supplier in the CIS.
In value terms, Azerbaijan constitutes the largest market for imported crude maize corn) oil in the CIS.
The export price in the CIS stood at $1,085 per ton in 2021, with an increase of 25% against the previous year.
In 2021, the import price in the CIS amounted to $1,687 per ton, surging by 52% against the previous year.

This report provides an in-depth analysis of the crude maize oil market in CIS. 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:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in CIS, split by region and country
  • Trade (exports and imports) in CIS
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 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. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Armenia
    • Azerbaijan
    • Belarus
    • Kazakhstan
    • Kyrgyzstan
    • Moldova
    • Russia
    • Tajikistan
    • Uzbekistan

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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