Japan: Crude Maize Oil Market 2025

Crude Maize Oil Market Size in Japan

The Japanese crude maize oil market dropped to $X in 2022, which is down by -10.2% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Crude Maize Oil Production in Japan

In value terms, crude maize oil production shrank dramatically to $X in 2022 estimated in export price. Overall, production, however, recorded a slight expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 187%. Crude maize oil production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Crude Maize Oil Exports

Exports from Japan

After five years of growth, overseas shipments of crude maize (corn) oil decreased by -44.8% to X tons in 2022. Over the period under review, exports saw a sharp slump. The most prominent rate of growth was recorded in 2020 with an increase of 819%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, crude maize oil exports fell markedly to $X in 2022. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 501%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for crude maize oil exports from Japan, with a 81% share of total exports. Moreover, crude maize oil exports to South Korea exceeded the volume sent to the second major destination, Vietnam (X tons), sevenfold. Hong Kong SAR (X tons) ranked third in terms of total exports with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea amounted to -14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+849.6% per year) and Hong Kong SAR (-15.0% per year).

In value terms, South Korea ($X) emerged as the key foreign market for crude maize (corn) oil exports from Japan, comprising 78% of total exports. The second position in the ranking was held by Vietnam ($X), with an 11% share of total exports. It was followed by Hong Kong SAR, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea stood at -8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+567.3% per year) and Hong Kong SAR (-11.0% per year).

Export Prices by Country

In 2022, the average crude maize oil export price amounted to $X per ton, jumping by 27% against the previous year. Overall, the export price showed a strong expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 29%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hong Kong SAR ($X per ton) and Thailand ($X per ton), while the average price for exports to South Korea ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Maize Oil Imports

Imports into Japan

In 2022, crude maize oil imports into Japan contracted significantly to X kg, declining by -49.9% compared with 2021. Over the period under review, imports faced a sharp contraction. Imports peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, crude maize oil imports reduced rapidly to $X in 2022. In general, imports showed a dramatic shrinkage. Imports peaked at $X in 2021, and then declined markedly in the following year.

Imports by Country

In 2022, Italy (X kg) constituted the largest crude maize oil supplier to Japan, accounting for a 49% share of total imports. Moreover, crude maize oil imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X kg), more than tenfold.

From 2021 to 2022, the average annual growth rate of volume from Italy amounted to -50.1%.

In value terms, Italy ($X) constituted the largest supplier of crude maize (corn) oil to Japan, comprising 50% of total imports. The second position in the ranking was taken by the United States ($X), with a 0.3% share of total imports.

From 2021 to 2022, the average annual rate of growth in terms of value from Italy stood at -49.7%.

Import Prices by Country

The average crude maize oil import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then declined slightly in the following year.

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

From 2021 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.8%).

Source: IndexBox Platform

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