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

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