Report Update Nov 1, 2024

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

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Japan: Crude Maize Oil Market 2024

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

Frequently Asked Questions (FAQ) :

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

The United States remains the largest crude maize oil consuming country worldwide, comprising approx. 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 United States remains the largest crude maize oil producing country worldwide, 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. Brazil ranked third in terms of total production with a 4.4% share.

What are the leading suppliers of crude maize (corn) oil to Japan?

In value terms, Italy constituted the largest supplier of crude maize oil to Japan, comprising 85% of total imports. The second position in the ranking was occupied by China $400), with a 7.6% share of total imports.

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

In value terms, Malaysia, South Korea and Hong Kong SAR were the largest markets for crude maize oil exported from Japan worldwide, with a combined 98% share of total exports.

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

The average crude maize oil export price stood at $901 per ton in 2021, shrinking by -22.8% against the previous year.

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

The average crude maize oil import price stood at $3,976 per ton in 2021, with an increase of 14% against the previous year.

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

Japan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Japan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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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:

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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