Report Update Nov 1, 2024

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

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New Zealand: Crude Maize Oil Market 2024

Crude Maize Oil Market Size in New Zealand

The New Zealand crude maize oil market declined to $X in 2022, with a decrease of -4.1% against the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.7% against 2019 indices. Crude maize oil consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Crude Maize Oil Production in New Zealand

In value terms, crude maize oil production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw buoyant growth. The growth pace was the most rapid in 2019 with an increase of 72% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Crude Maize Oil Exports

Exports from New Zealand

In 2022, the amount of crude maize (corn) oil exported from New Zealand skyrocketed to X tons, picking up by 66% on 2021 figures. Over the period under review, exports recorded a notable increase. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude maize oil exports expanded modestly to $X in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -4.1% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 67% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for crude maize oil exports from New Zealand, with a approx. 100% share of total exports.

From 2019 to 2022, the average annual growth rate of volume to Australia totaled +3.1%.

In value terms, Australia ($X) emerged as the key foreign market for crude maize (corn) oil exports from New Zealand.

From 2019 to 2022, the average annual rate of growth in terms of value to Australia stood at +17.1%.

Export Prices by Country

The average crude maize oil export price stood at $X per ton in 2022, with a decrease of -37% against the previous year. Over the period under review, the export price, however, showed a remarkable increase. The growth pace was the most rapid in 2021 when the average export price increased by 112%. As a result, the export price reached the peak level of $X per ton, and then dropped dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2019 to 2022, the rate of growth in terms of prices for Australia amounted to +13.6% per year.

Crude Maize Oil Imports

Imports into New Zealand

In 2022, purchases abroad of crude maize (corn) oil decreased by 0% to X kg, falling for the second consecutive year after three years of decline. In general, imports continue to indicate measured growth. The most prominent rate of growth was recorded in 2016 with an increase of 244,182% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, crude maize oil imports amounted to $X in 2022. Overall, imports recorded resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 320,284%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X kg) was the main supplier of crude maize oil to New Zealand, with a 96% share of total imports. Moreover, crude maize oil imports from the United States exceeded the figures recorded by the second-largest supplier, Australia (X kg), more than tenfold.

From 2015 to 2022, the average annual growth rate of volume from the United States stood at +4.0%.

In value terms, the United States ($X) constituted the largest supplier of crude maize (corn) oil to New Zealand, comprising 96% of total imports. The second position in the ranking was held by Australia ($X), with a 4% share of total imports.

From 2015 to 2022, the average annual rate of growth in terms of value from the United States totaled +9.1%.

Import Prices by Country

In 2022, the average crude maize oil import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price showed a temperate expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 31% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for the United States stood at $X per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of crude maize oil consumption was the United States, accounting for 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 country with the largest volume of crude maize oil production was the United States, 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. The third position in this ranking was occupied by Brazil, with a 4.4% share.

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

In value terms, the largest crude maize oil suppliers to New Zealand were Australia $255), Italy $134) and the United States $23), with a combined 100% share of total imports.

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

In value terms, Australia and Vietnam appeared to be the largest markets for crude maize oil exported from New Zealand worldwide.

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

The average crude maize oil export price stood at $1,211 per ton in 2021, with an increase of 10% against the previous year.

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

In 2021, the average crude maize oil import price amounted to $331 per ton, falling by -57.5% against the previous year.

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

New Zealand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in New Zealand
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
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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