Report Update May 1, 2025

Venezuela - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Maize Oil Market 2025

Maize Oil Market Size in Venezuela

The Venezuelan maize oil market declined slightly to $X in 2022, which is down by -2.7% against the previous year. In general, consumption continues to indicate a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 5.7%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Maize Oil Production in Venezuela

In value terms, maize oil production contracted slightly to $X in 2022 estimated in export price. In general, production showed a deep slump. The pace of growth was the most pronounced in 2021 when the production volume increased by 6.9% against the previous year. Maize oil production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Maize Oil Exports

Exports from Venezuela

After four years of growth, shipments abroad of maize oil decreased by -2.2% to X tons in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 16,350% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, maize oil exports reduced to $X in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 8,781% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Aruba (X tons) was the main destination for maize oil exports from Venezuela, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Aruba amounted to +25.5%.

In value terms, Aruba ($X) also remains the key foreign market for maize oil exports from Venezuela.

From 2012 to 2022, the average annual growth rate of value to Aruba totaled +27.4%.

Export Prices by Country

The average maize oil export price stood at $X per ton in 2022, which is down by -6.2% against the previous year. Over the period under review, the export price, however, showed slight growth. The most prominent rate of growth was recorded in 2017 an increase of 95% against the previous year. The export price peaked at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Aruba amounted to +1.5% per year.

Maize Oil Imports

Imports into Venezuela

In 2022, overseas purchases of maize oil were finally on the rise to reach X tons after two years of decline. In general, imports, however, recorded a sharp decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 60%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, maize oil imports dropped to $X in 2022. Over the period under review, imports, however, faced a significant decline. The most prominent rate of growth was recorded in 2019 when imports increased by 36% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) was the main supplier of maize oil to Venezuela, with a approx. 99% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -43.4%.

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

From 2012 to 2022, the average annual growth rate of value from the United States amounted to -31.7%.

Import Prices by Country

The average maize oil import price stood at $X per ton in 2022, falling by -28.4% against the previous year. Overall, the import price, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 127% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then contracted dramatically in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +20.7% per year.

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. The third position in this ranking was occupied by Brazil, with a 3.2% share.

What are the largest producers of maize oil in the world?

The United States constituted the country with the largest volume of maize oil production, 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 Venezuela?

In value terms, the United States constituted the largest supplier of maize oil to Venezuela.

What are the leading importers of maize oil from Venezuela?

In value terms, Aruba remains the key foreign market for maize oil exports from Venezuela.

What is the average export price for maize oil in Venezuela?

In 2021, the average maize oil export price amounted to $2,345 per ton, declining by -4.3% against the previous year.

What is the average import price for maize oil in Venezuela?

In 2021, the average maize oil import price amounted to $2,571 per ton, reducing by -5.3% against the previous year.

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

Venezuela

Data coverage:

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