Report Update Nov 1, 2024

U.S. - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights

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U.S.: Maize Oil Market 2024

Maize Oil Market Size in the U.S.

The U.S. maize oil market skyrocketed to $X in 2022, surging by 16% against the previous year. In general, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +25.0% against 2019 indices. Maize oil consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Maize Oil Production in the U.S.

In value terms, maize oil production expanded slightly to $X in 2022. Overall, production continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 when the production volume increased by 13%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Maize Oil Exports

Exports from the U.S.

In 2022, exports of maize oil from the United States declined rapidly to X tons, shrinking by -30.4% on the previous year. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2015 when exports increased by 26%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, maize oil exports declined to $X in 2022. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 52% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons), Kuwait (X tons) and Singapore (X tons) were the main destinations of maize oil exports from the United States, with a combined 63% share of total exports. Canada, Qatar, Mexico, Germany, Egypt and the United Arab Emirates lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +168.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), Saudi Arabia ($X) and Singapore ($X) appeared to be the largest markets for maize oil exported from the United States worldwide, with a combined 65% share of total exports. Qatar, Canada, Mexico, Germany, Egypt and the United Arab Emirates lagged somewhat behind, together comprising a further 31%.

In terms of the main countries of destination, Qatar, with a CAGR of +158.0%, recorded the highest rates of growth with regard to the value of exports, 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 maize oil export price amounted to $X per ton, growing by 39% against the previous year. Overall, the export price saw tangible growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 48%. 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 Kuwait ($X per ton), while the average price for exports to Singapore ($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 Kuwait (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Maize Oil Imports

Imports into the U.S.

Maize oil imports into the United States skyrocketed to X tons in 2022, rising by 196% compared with 2021 figures. Over the period under review, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, maize oil imports surged to $X in 2022. In general, imports posted strong growth. 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 maize oil supplier to the United States, with a 96% share of total imports. It was followed by Mexico (X tons), with a 3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada stood at +14.6%.

In value terms, Canada ($X) constituted the largest supplier of maize oil to the United States, comprising 87% of total imports. The second position in the ranking was held by Mexico ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Canada stood at +8.7%.

Import Prices by Country

The average maize oil import price stood at $X per ton in 2022, with a decrease of -21.3% against the previous year. Over the period under review, the import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 36% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+4.8%).

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 United States remains the largest maize oil producing country worldwide, 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. Brazil ranked third in terms of total production with a 4.4% share.

What are the leading suppliers of maize oil to the U.S.?

In value terms, Canada constituted the largest supplier of maize oil to the United States, comprising 90% of total imports. The second position in the ranking was occupied by Mexico, with a 7% share of total imports.

What are the leading importers of maize oil from the U.S.?

In value terms, Saudi Arabia, Kuwait and Egypt appeared to be the largest markets for maize oil exported from the United States worldwide, together comprising 73% of total exports. These countries were followed by Canada, Qatar, Mexico and Turkey, which together accounted for a further 19%.

What is the average export price for maize oil in the U.S.?

In 2021, the average maize oil export price amounted to $1,453 per ton, rising by 57% against the previous year.

What is the average import price for maize oil in the U.S.?

The average maize oil import price stood at $1,078 per ton in 2021, rising by 36% against the previous year.

This report provides an in-depth analysis of the maize oil market in the U.S.. 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:

United States

Data coverage:

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