Report Update Nov 1, 2024

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

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Cuba: Crude Maize Oil Market 2024

Crude Maize Oil Exports

Exports by Country

The United States (X tons) and the Dominican Republic (X tons) represented the key exporters of crude maize (corn) oil in 2021, reaching near 30% and 20% of total exports, respectively. Brazil (X tons) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (6.4%), Hungary (6.2%) and Canada (5%). Ukraine (X tons) held a minor share of total exports.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +115.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the largest crude maize oil supplier from Cuba, comprising 38% of global exports. The second position in the ranking was taken by Brazil ($X), with a 15% share of global exports. It was followed by Turkey, with an 8.8% share.

In the United States, crude maize oil exports decreased by an average annual rate of -10.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+2.8% per year) and Turkey (+110.6% per year).

Crude Maize Oil Imports

Imports by Country

In 2021, Saudi Arabia (X tons), Tunisia (X tons), Kuwait (X tons), Singapore (X tons), Turkey (X tons), Spain (X tons), the United States (X tons), Azerbaijan (X tons), Egypt (X tons), Georgia (X tons), Qatar (X tons) and Belgium (X tons) was the main importer of crude maize (corn) oil in the world, creating 77% of total import. Greece (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Qatar (with a CAGR of +55.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crude maize oil importing markets into Cuba were Saudi Arabia ($X), Tunisia ($X) and Kuwait ($X), together accounting for 37% of total imports. These countries were followed by Singapore, Turkey, Azerbaijan, Spain, Georgia, Egypt, the United States, Qatar, Greece and Belgium, which together accounted for a further 44%.

In terms of the main importing countries, Qatar, with a CAGR of +50.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude maize (corn) oil in the world?

The country with the largest volume of crude maize oil consumption was the United States, comprising approx. 47% of total volume. Moreover, crude maize oil consumption in the United States exceeded the figures recorded by the second-largest consumer, China, threefold. Brazil ranked third in terms of total consumption with a 3.2% share.

What are the largest producers of crude maize (corn) oil in the world?

The United States remains the largest crude maize oil producing country worldwide, comprising approx. 50% of total volume. Moreover, crude maize oil production in the United States exceeded the figures recorded by the second-largest producer, China, threefold. The third position in this ranking was occupied by Brazil, with a 4.4% share.

What are the leading suppliers of crude maize (corn) oil to Cuba?

In value terms, Saudi Arabia, Kuwait and Tunisia constituted the countries with the highest levels of imports in 2021, together comprising 30% of total imports. These countries were followed by Azerbaijan, Spain, Egypt, Turkey, the United States, Qatar, Belgium, Greece, Malaysia and Mexico, which together accounted for a further 45%.

What are the leading importers of crude maize (corn) oil from Cuba?

In value terms, the United States remains the largest crude maize oil supplier from Cuba, comprising 37% of global exports. The second position in the ranking was occupied by Brazil, with a 15% share of global exports. It was followed by Turkey, with an 8.7% share.

What is the average export price for crude maize (corn) oil in Cuba?

The export price in Cuba stood at $less than 0.1 per ton in 2021, almost unchanged from the previous year.

What is the average import price for crude maize (corn) oil in Cuba?

The import price in Cuba stood at $less than 0.1 per ton in 2021, remaining stable against the previous year.

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

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023