Report Update Nov 1, 2024

Puerto Rico - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Maize Oil Market 2024

Maize Oil Exports

Exports by Country

In 2021, the United States (X tons), distantly followed by Turkey (X tons), the Dominican Republic (X tons) and Brazil (X tons) were the main exporters of maize oil, together constituting 57% of total exports. Canada (X tons), Saudi Arabia (X tons), Tunisia (X tons), Hungary (X tons), Belgium (X tons), Italy (X tons), France (X tons), South Korea (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to maize oil exports from the United States stood at -10.7%. At the same time, the Dominican Republic (+34.7%), Turkey (+13.8%), Italy (+4.6%), South Korea (+4.4%), Canada (+3.0%) and Brazil (+2.5%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing exporter exported in the world, with a CAGR of +34.7% from 2012-2021. By contrast, France (-2.9%), Hungary (-3.8%), Saudi Arabia (-4.1%), Belgium (-10.4%), Tunisia (-15.0%) and Spain (-16.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Dominican Republic, Turkey, Brazil and Canada increased by +10, +9.7, +3.2 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Turkey ($X) and Brazil ($X) were the countries with the highest levels of exports in 2021, with a combined 49% share of total exports.

Among the main exporting countries, Turkey, with a CAGR of +12.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Maize Oil Imports

Imports by Country

The purchases of the four major importers of maize oil, namely Kuwait, Saudi Arabia, Tunisia and Libya, represented more than third of total import. Egypt (X tons) ranks next in terms of the total imports with a 5.5% share, followed by Singapore (4.7%). The following importers - the United States (X tons), Spain (X tons), Turkey (X tons), Azerbaijan (X tons), Qatar (X tons), the United Arab Emirates (X tons) and Georgia (X tons) - together made up 20% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Georgia (with a CAGR of +18.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), Libya ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2021, together accounting for 31% of total imports. Tunisia, Egypt, Singapore, the United Arab Emirates, Azerbaijan, the United States, Turkey, Qatar, Spain and Georgia lagged somewhat behind, together accounting for a further 36%.

Georgia, with a CAGR of +19.0%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders 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 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, accounting for 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 Puerto Rico?

In value terms, Kuwait, Libya and Saudi Arabia appeared to be the countries with the highest levels of imports in 2021, together accounting for 26% of total imports. These countries were followed by Azerbaijan, Egypt, Tunisia, the United Arab Emirates, the United States, Spain, Israel, Jordan, Greece and Malaysia, which together accounted for a further 36%.

What are the leading importers of maize oil from Puerto Rico?

In value terms, the largest maize oil supplying countries from Puerto Rico were the United States, Turkey and Saudi Arabia, together accounting for 46% of total exports.

What is the average export price for maize oil in Puerto Rico?

In 2021, the maize oil export price in Puerto Rico amounted to $less than 0.1 per ton, stabilizing at the previous year.

What is the average import price for maize oil in Puerto Rico?

The maize oil import price in Puerto Rico stood at $less than 0.1 per ton in 2021, stabilizing at the previous year.

This report provides an in-depth analysis of the maize oil market in Puerto Rico. 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:

Puerto Rico

Data coverage:

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