Report Update Jan 1, 2025

New Zealand - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights

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New Zealand: Maize Oil Market 2025

Maize Oil Market Size in New Zealand

In 2022, the New Zealand maize oil market was finally on the rise to reach $X after two years of decline. Overall, consumption continues to indicate a moderate increase. Maize oil consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Maize Oil Production in New Zealand

In value terms, maize oil production reached $X in 2022 estimated in export price. Overall, production, however, recorded pronounced growth. The growth pace was the most rapid in 2014 when the production volume increased by 234%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Maize Oil Exports

Exports from New Zealand

In 2022, overseas shipments of maize oil decreased by -36.4% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 37,525%. 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, maize oil exports shrank remarkably to $X in 2022. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 39,998% against the previous year. The exports peaked at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Vietnam (X tons) was the main destination for maize oil exports from New Zealand, accounting for a 82% share of total exports. Moreover, maize oil exports to Vietnam exceeded the volume sent to the second major destination, Australia (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Vietnam amounted to +52.3%.

In value terms, Vietnam ($X) remains the key foreign market for maize oil exports from New Zealand, comprising 86% of total exports. The second position in the ranking was held by Australia ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam amounted to +60.5%.

Export Prices by Country

The average maize oil export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price showed a noticeable descent. The growth pace was the most rapid in 2014 an increase of 91%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+5.4%).

Maize Oil Imports

Imports into New Zealand

For the third consecutive year, New Zealand recorded decline in overseas purchases of maize oil, which decreased by -55.8% to X tons in 2022. Over the period under review, imports saw a slight shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 445% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, maize oil imports reduced notably to $X in 2022. In general, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 427% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of maize oil to New Zealand, accounting for a 84% share of total imports. Moreover, maize oil imports from Spain exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), sevenfold. The third position in this ranking was taken by South Korea (X tons), with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at -28.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+28.9% per year) and South Korea (-3.6% per year).

In value terms, Spain ($X) constituted the largest supplier of maize oil to New Zealand, comprising 84% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 13% share of total imports. It was followed by South Korea, with a 1.7% share.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+33.5% per year) and South Korea (-1.5% per year).

Import Prices by Country

In 2022, the average maize oil import price amounted to $X per ton, growing by 46% against the previous year. Overall, the import price showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 an increase of 55% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+30.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of maize oil consumption was the United States, 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. Brazil ranked third in terms of total production with a 4.4% share.

What are the leading suppliers of maize oil to New Zealand?

In value terms, Spain constituted the largest supplier of maize oil to New Zealand, comprising 90% of total imports. The second position in the ranking was occupied by Hong Kong SAR, with an 8.8% share of total imports.

What are the leading importers of maize oil from New Zealand?

In value terms, Vietnam remains the key foreign market for maize oil exports from New Zealand, comprising 94% of total exports. The second position in the ranking was occupied by Australia, with a 5.5% share of total exports.

What is the average export price for maize oil in New Zealand?

In 2021, the average maize oil export price amounted to $1,883 per ton, jumping by 16% against the previous year.

What is the average import price for maize oil in New Zealand?

The average maize oil import price stood at $2,388 per ton in 2021, with an increase of 51% against the previous year.

This report provides an in-depth analysis of the 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
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 2012–2024
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