Report Update Nov 1, 2024

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

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Ireland: Maize Oil Market 2024

Maize Oil Market Size in Ireland

The Irish maize oil market contracted dramatically to $X in 2022, shrinking by -48.3% against the previous year. In general, consumption recorded a resilient increase. Maize oil consumption peaked at $X in 2021, and then dropped significantly in the following year.

Maize Oil Production in Ireland

In value terms, maize oil production declined sharply to $X in 2022 estimated in export price. Overall, production, however, saw a dramatic curtailment. Over the period under review, production hit record highs at $X in 2021, and then dropped rapidly in the following year.

Maize Oil Exports

Exports from Ireland

Maize oil exports from Ireland was estimated at X kg in 2022, remaining constant against the previous year's figure. In general, exports continue to indicate a precipitous curtailment. The smallest decline of 99.9% was in 2016. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, maize oil exports shrank remarkably to $X in 2022. Overall, exports recorded a sharp curtailment. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X kg) was the main destination for maize oil exports from Ireland, accounting for a approx. 100% share of total exports.

From 2015 to 2022, the average annual growth rate of volume to the Netherlands amounted to -54.2%.

In value terms, the Netherlands ($X) also remains the key foreign market for maize oil exports from Ireland.

From 2015 to 2022, the average annual growth rate of value to the Netherlands totaled -49.3%.

Export Prices by Country

In 2022, the average maize oil export price amounted to $X per ton, reducing by -50% against the previous year. Over the period under review, the export price, however, continues to indicate a significant expansion. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then declined sharply in the following year.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2015 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +10.7% per year.

Maize Oil Imports

Imports into Ireland

In 2022, purchases abroad of maize oil decreased by 0% to X tons, falling for the fifth year in a row after two years of growth. Overall, imports showed a dramatic decline. The growth pace was the most rapid in 2017 with an increase of 238% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, maize oil imports totaled $X in 2022. In general, imports recorded a sharp contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 127%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the UK (X tons) was the main maize oil supplier to Ireland, with a 98% share of total imports. It was followed by the United States (X kg), with a 1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to -37.6%.

In value terms, the UK ($X) constituted the largest supplier of maize oil to Ireland, comprising 94% of total imports. The second position in the ranking was held by the United States ($X), with a 3.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK stood at -30.4%.

Import Prices by Country

The average maize oil import price stood at $X per ton in 2022, remaining constant against the previous year. Overall, the import price showed a resilient expansion. The pace of growth appeared the most rapid in 2018 an increase of 94%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 the UK amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+46.5%).

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, comprising approx. 45% of total volume. Moreover, maize oil consumption in the United States exceeded the figures recorded by the second-largest consumer, China, threefold. The third position in this ranking was occupied by Brazil, with a 3.2% share.

What are the largest producers of maize oil in the world?

The United States constituted the country with the largest volume of maize oil production, 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. The third position in this ranking was occupied by Brazil, with a 4.4% share.

What are the leading suppliers of maize oil to Ireland?

In value terms, the UK constituted the largest supplier of maize oil to Ireland, comprising 97% of total imports. The second position in the ranking was occupied by Brazil $926), with a 1.3% share of total imports.

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

The average maize oil export price stood at $2,020 per ton in 2021, stabilizing at the previous year.

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

In 2021, the average maize oil import price amounted to $1,649 per ton, with an increase of 7.2% against the previous year.

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

Ireland

Data coverage:

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