Report Update Nov 1, 2024

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

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India: Crude Maize Oil Market 2024

Crude Maize Oil Market Size in India

The Indian crude maize oil market reduced to $X in 2022, waning by -5.2% against the previous year. In general, consumption continues to indicate a modest expansion. Crude maize oil consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Crude Maize Oil Production in India

In value terms, crude maize oil production reduced to $X in 2022 estimated in export price. Overall, production recorded a mild increase. The most prominent rate of growth was recorded in 2016 with an increase of 68% against the previous year. Crude maize oil production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Crude Maize Oil Exports

Exports from India

After two years of growth, overseas shipments of crude maize (corn) oil decreased by 99.9% to X kg in 2022. In general, exports saw a dramatic slump. The growth pace was the most rapid in 2021 when exports increased by 241% against the previous year. As a result, the exports reached the peak of X tons, and then contracted sharply in the following year.

In value terms, crude maize oil exports shrank sharply to $X in 2022. Over the period under review, exports saw a significant contraction. The most prominent rate of growth was recorded in 2018 with an increase of 172%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Japan (X kg) was the main destination for crude maize oil exports from India, with a 75% share of total exports. Moreover, crude maize oil exports to Japan exceeded the volume sent to the second major destination, Sierra Leone (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan was relatively modest.

In value terms, the largest markets for crude maize oil exported from India were Japan ($X) and Sierra Leone ($X).

Japan, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average crude maize oil export price amounted to $X per ton, rising by 385% against the previous year. Over the period under review, the export price recorded a perceptible increase. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sierra Leone ($X per ton), while the average price for exports to Japan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Micronesia (-3.5%), while the prices for the other major destinations experienced a decline.

Crude Maize Oil Imports

Imports into India

Crude maize oil imports into India soared to X tons in 2022, growing by 3,409% against the year before. Overall, imports, however, continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 7,662% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, crude maize oil imports soared to $X in 2022. In general, imports enjoyed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Bangladesh (X tons) was the main crude maize oil supplier to India, accounting for a 97% share of total imports. It was followed by the United States (X kg), with a 2.6% share of total imports.

From 2015 to 2022, the average annual growth rate of volume from Bangladesh amounted to -55.5%.

In value terms, Bangladesh ($X) constituted the largest supplier of crude maize (corn) oil to India, comprising 100% of total imports. The second position in the ranking was taken by the United States ($X), with a 0.1% share of total imports.

From 2015 to 2022, the average annual rate of growth in terms of value from Bangladesh stood at +94.8%.

Import Prices by Country

The average crude maize oil import price stood at $X per ton in 2022, surging by 5,162% against the previous year. Overall, the import price enjoyed a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+337.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The United States constituted the country with the largest volume of crude maize oil consumption, accounting for 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 country with the largest volume of crude maize oil production was the United States, 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 India?

In value terms, the United States constituted the largest supplier of crude maize oil to India.

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

In value terms, Qatar, Micronesia and Canada were the largest markets for crude maize oil exported from India worldwide, together accounting for 96% of total exports.

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

The average crude maize oil export price stood at $867 per ton in 2021, declining by -16.9% against the previous year.

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

In 2021, the average crude maize oil import price amounted to $1,131 per ton, jumping by 22% against the previous year.

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

India

Data coverage:

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