Report Update Nov 1, 2024

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

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Japan: Maize Oil Market 2024

Maize Oil Market Size in Japan

In 2022, the Japanese maize oil market increased by 1.5% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, showed a perceptible slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Maize Oil Production in Japan

In value terms, maize oil production expanded to $X in 2022 estimated in export price. Overall, production recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by 147% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Maize Oil Exports

Exports from Japan

In 2022, exports of maize oil from Japan shrank dramatically to X tons, dropping by -55.6% compared with the previous year's figure. In general, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2014 when exports increased by 45,040%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, maize oil exports declined notably to $X in 2022. Overall, exports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 14,112% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for maize oil exports from Japan, accounting for a 70% share of total exports. Moreover, maize oil exports to Malaysia exceeded the volume sent to the second major destination, South Korea (X tons), threefold. Hong Kong SAR (X tons) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia stood at -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-9.0% per year) and Hong Kong SAR (-9.9% per year).

In value terms, Malaysia ($X) remains the key foreign market for maize oil exports from Japan, comprising 68% of total exports. The second position in the ranking was taken by South Korea ($X), with a 24% share of total exports. It was followed by Hong Kong SAR, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-4.5% per year) and Hong Kong SAR (-3.3% per year).

Export Prices by Country

The average maize oil export price stood at $X per ton in 2022, surging by 27% against the previous year. In general, the export price showed a noticeable increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 150%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to South Korea ($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 Hong Kong SAR (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Maize Oil Imports

Imports into Japan

In 2022, approx. X tons of maize oil were imported into Japan; growing by 19,113% against the year before. In general, imports continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, maize oil imports surged to $X in 2022. Overall, imports saw perceptible growth. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X tons) was the main supplier of maize oil to Japan, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to +8.0%.

In value terms, France ($X) constituted the largest supplier of maize oil to Japan.

From 2012 to 2022, the average annual growth rate of value from France totaled +3.0%.

Import Prices by Country

The average maize oil import price stood at $X per ton in 2022, reducing by -51.3% against the previous year. In general, the import price recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 104%. As a result, import price attained the peak level of $X per ton, and then shrank sharply in the following year.

As there is only one major supplying country, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to -4.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for maize oil in the world?

The United States remains the largest maize oil consuming country worldwide, 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. Brazil ranked third in terms of total consumption with a 3.2% share.

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

The country with the largest volume of maize oil production was the United States, comprising approx. 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 Japan?

In value terms, the largest maize oil suppliers to Japan were India, Germany and Italy, with a combined 99% share of total imports.

What are the leading importers of maize oil from Japan?

In value terms, Malaysia emerged as the key foreign market for maize oil exports from Japan, comprising 83% of total exports. The second position in the ranking was occupied by South Korea, with a 14% share of total exports.

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

In 2021, the average maize oil export price amounted to $1,103 per ton, dropping by -29.2% against the previous year.

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

In 2021, the average maize oil import price amounted to $2,085 per ton, waning by -29.9% against the previous year.

This report provides an in-depth analysis of the 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:

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