U.S.: Crude Maize Oil Market 2025

Crude Maize Oil Market Size in the U.S.

The U.S. crude maize oil market expanded rapidly to $X in 2022, with an increase of 12% against the previous year. Over the period under review, consumption, however, recorded a mild descent. Crude maize oil consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Crude Maize Oil Production in the U.S.

In value terms, crude maize oil production expanded to $X in 2022. Overall, production showed a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of 16%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Crude Maize Oil Exports

Exports from the U.S.

Crude maize oil exports from the United States dropped markedly to X tons in 2022, which is down by -35% on the year before. Overall, exports faced a abrupt decrease. The pace of growth was the most pronounced in 2015 with an increase of 35%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, crude maize oil exports declined to $X in 2022. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 60% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons), Singapore (X tons) and Qatar (X tons) were the main destinations of crude maize oil exports from the United States, together accounting for 81% of total exports. Germany, Egypt, Canada and Tunisia lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +171.3%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Singapore ($X) and Qatar ($X) appeared to be the largest markets for crude maize oil exported from the United States worldwide, with a combined 81% share of total exports. Germany, Egypt, Canada and Tunisia lagged somewhat behind, together comprising a further 18%.

Germany, with a CAGR of +135.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average crude maize oil export price amounted to $X per ton, picking up by 31% against the previous year. In general, the export price continues to indicate measured growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 54%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+37.5%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Maize Oil Imports

Imports into the U.S.

In 2022, approx. X tons of crude maize (corn) oil were imported into the United States; picking up by 273% on 2021 figures. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, crude maize oil imports soared to $X in 2022. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) was the main crude maize oil supplier to the United States, with a approx. 99.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada totaled +32.6%.

In value terms, Canada ($X) constituted the largest supplier of crude maize (corn) oil to the United States.

From 2012 to 2022, the average annual growth rate of value from Canada amounted to +28.8%.

Import Prices by Country

The average crude maize oil import price stood at $X per ton in 2022, which is down by -40.2% against the previous year. Overall, the import price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 38%. As a result, import price reached the peak level of $X per ton, and then contracted remarkably in the following year.

As there is only one major supplying country, the average price level is determined by prices for Canada.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to -2.8% per year.

Source: IndexBox Platform

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