Report Update May 1, 2025

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

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Japan: Refined Maize Oil Market 2025

Refined Maize Oil Market Size in Japan

The Japanese refined maize oil market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, continues to indicate a deep downturn. Refined maize oil consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Refined Maize Oil Production in Japan

In value terms, refined maize oil production expanded rapidly to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 49%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Refined Maize Oil Exports

Exports from Japan

Refined maize oil exports from Japan expanded remarkably to X tons in 2021, increasing by 8.2% on the previous year. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 19,367% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, refined maize oil exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 6,086%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) and South Korea (X tons) were the main destinations of refined maize oil exports from Japan.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +39.1%).

In value terms, the largest markets for refined maize oil exported from Japan were Malaysia ($X) and South Korea ($X).

Among the main countries of destination, Malaysia, with a CAGR of +26.7%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average refined maize oil export price stood at $X per ton in 2021, picking up by 52% against the previous year. Overall, the export price, however, faced a abrupt descent. The pace of growth appeared the most rapid in 2016 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to South Korea amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+4.9%).

Refined Maize Oil Imports

Imports into Japan

In 2020, imports of refined maize (corn) oil into Japan skyrocketed to X tons, growing by 6,538% on the previous year's figure. Overall, imports, however, showed a abrupt downturn. Imports peaked at X tons in 2014; however, from 2015 to 2020, imports remained at a lower figure.

In value terms, refined maize oil imports skyrocketed to $X in 2020. In general, imports, however, faced a abrupt decrease. Imports peaked at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, France (X tons) constituted the largest supplier of refined maize oil to Japan, accounting for a 81% share of total imports. Moreover, refined maize oil imports from France exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold.

From 2012 to 2020, the average annual growth rate of volume from France totaled -9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+23.1% per year) and China (0.0% per year).

In value terms, France ($X) constituted the largest supplier of refined maize (corn) oil to Japan, comprising 78% of total imports. The second position in the ranking was taken by the United States ($X), with a 16% share of total imports.

From 2012 to 2020, the average annual growth rate of value from France amounted to -14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.5% per year) and China (0.0% per year).

Import Prices by Country

The average refined maize oil import price stood at $X per ton in 2020, shrinking by -13% against the previous year. Overall, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of 4.9% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by France (-5.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China constituted the country with the largest volume of refined maize oil consumption, comprising approx. 18% of total volume. Moreover, refined maize oil consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 4% share.

What are the largest producers of refined maize (corn) oil in the world?

The country with the largest volume of refined maize oil production was China, comprising approx. 19% of total volume. Moreover, refined maize oil production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 4.9% share.

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

In value terms, India and Germany constituted the largest refined maize oil suppliers to Japan.

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

In value terms, Malaysia remains the key foreign market for refined maize oil exports from Japan, comprising 99% of total exports. The second position in the ranking was occupied by Australia, with a 0.3% share of total exports.

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

In 2021, the average refined maize oil export price amounted to $1,323 per ton, declining by -18.7% against the previous year.

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

The average refined maize oil import price stood at $2,035 per ton in 2021, dropping by -6.9% against the previous year.

This report provides an in-depth analysis of the refined 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:

Prodcom 10621460 - Refined maize (corn) oil and its fractions (excluding chemically modified)

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

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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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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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024