India: Maize Oil Market 2025

Maize Oil Market Size in India

The Indian maize oil market reduced to $X in 2022, dropping by -9.8% against the previous year. Overall, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +11.5% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Maize Oil Production in India

In value terms, maize oil production shrank sharply to $X in 2022 estimated in export price. Over the period under review, production continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by 94%. Maize oil production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Maize Oil Exports

Exports from India

In 2022, shipments abroad of maize oil decreased by -32.7% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 495% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, maize oil exports surged to $X in 2022. Over the period under review, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 269%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for maize oil exports from India, with a 48% share of total exports. Moreover, maize oil exports to Australia exceeded the volume sent to the second major destination, Malaysia (X tons), threefold. The third position in this ranking was taken by the UK (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia totaled +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+48.9% per year) and the UK (+73.6% per year).

In value terms, Australia ($X), Vietnam ($X) and the UK ($X) appeared to be the largest markets for maize oil exported from India worldwide, with a combined 86% share of total exports.

Among the main countries of destination, the UK, with a CAGR of +93.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average maize oil export price stood at $X per ton in 2022, increasing by 154% against the previous year. In general, the export price saw a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+59.8%), while the prices for the other major destinations experienced more modest paces of growth.

Maize Oil Imports

Imports into India

In 2022, supplies from abroad of maize oil decreased by -47.3% to X tons, falling for the second year in a row after four years of growth. Overall, imports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by 2,826% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, maize oil imports surged to $X in 2022. Over the period under review, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 404%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Bangladesh (X tons) and the United States (X kg) were the main suppliers of maize oil imports to India, together accounting for 100% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +15.3%), while purchases for the other leaders experienced a decline.

In value terms, Bangladesh ($X) constituted the largest supplier of maize oil to India, comprising 91% of total imports. The second position in the ranking was taken by Germany ($X), with a 7.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Bangladesh stood at +94.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+22.2% per year) and the United States (-9.0% per year).

Import Prices by Country

The average maize oil import price stood at $X per ton in 2022, rising by 594% against the previous year. In general, the import price continues to indicate a significant expansion. As a result, import price attained 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 ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+337.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :