Report Update Nov 1, 2024

Ecuador - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Maize Oil Market 2024

Maize Oil Market Size in Ecuador

In 2022, the Ecuadorian maize oil market decreased by -13.1% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption saw a abrupt shrinkage. Maize oil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Maize Oil Exports

Exports from Ecuador

In 2022, after three years of growth, there was significant decline in overseas shipments of maize oil, when their volume decreased by -17.9% to X tons. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 122%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced markedly in the following year.

In value terms, maize oil exports contracted dramatically to $X in 2022. In general, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 109% against the previous year. The exports peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

Canada (X tons) was the main destination for maize oil exports from Ecuador, accounting for a 94% share of total exports. It was followed by the Netherlands (X kg), with a 2.8% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Canada totaled +97.7%.

In value terms, Canada ($X) remains the key foreign market for maize oil exports from Ecuador, comprising 92% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 3.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada amounted to +102.5%.

Export Prices by Country

The average maize oil export price stood at $X per ton in 2022, rising by 2.3% against the previous year. Over the period under review, the export price showed a buoyant expansion. The pace of growth appeared the most rapid in 2015 an increase of 6.4%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Maize Oil Imports

Imports into Ecuador

In 2022, after two years of growth, there was significant decline in purchases abroad of maize oil, when their volume decreased by -13.3% to X tons. Over the period under review, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, maize oil imports shrank to $X in 2022. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Argentina (X tons), Colombia (X tons) and the United States (X tons) were the main suppliers of maize oil imports to Ecuador, with a combined 98% share of total imports. These countries were followed by Peru, which accounted for a further 2.2%.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +17.6%), while purchases for the other leaders experienced a decline.

In value terms, Argentina ($X), Colombia ($X) and the United States ($X) appeared to be the largest maize oil suppliers to Ecuador, with a combined 100% share of total imports. Peru lagged somewhat behind, accounting for a further 0.3%.

Peru, with a CAGR of +2.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average maize oil import price amounted to $X per ton, remaining stable against the previous year. In general, the import price showed a pronounced decline. The pace of growth appeared the most rapid in 2019 an increase of 15% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for maize oil in the world?

The United States constituted the country with the largest volume of maize oil consumption, accounting for 45% of total volume. Moreover, 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 maize oil in the world?

The United States remains the largest maize oil producing country worldwide, accounting for 50% of total volume. Moreover, maize oil production in the United States exceeded the figures recorded by the second-largest producer, China, threefold. Brazil ranked third in terms of total production with a 4.4% share.

What are the leading suppliers of maize oil to Ecuador?

In value terms, Colombia constituted the largest supplier of maize oil to Ecuador, comprising 83% of total imports. The second position in the ranking was occupied by Argentina, with a 16% share of total imports.

What are the leading importers of maize oil from Ecuador?

In value terms, Canada and the Netherlands appeared to be the largest markets for maize oil exported from Ecuador worldwide.

What is the average export price for maize oil in Ecuador?

The average maize oil export price stood at $2,523 per ton in 2019, approximately mirroring the previous year.

What is the average import price for maize oil in Ecuador?

The average maize oil import price stood at $2,036 per ton in 2021, declining by -32.6% against the previous year.

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

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
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