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Report World - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends and Insights

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Global Refined Maize Oil Market 2024

Refined Maize Oil Market Size

In 2021, the global refined maize oil market increased by 4.8% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2017 when the market value increased by 5.5%. Global consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Refined Maize Oil Production

In value terms, refined maize oil production rose sharply to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible curtailment. Global production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Refined Maize Oil Exports

Exports

After four years of decline, shipments abroad of refined maize (corn) oil increased by 1.1% to X tons in 2021. In general, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when exports increased by 11%. The global exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, refined maize oil exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a deep setback. Over the period under review, the global exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) and Turkey (X tons) represented roughly 42% of total exports in 2021. It was distantly followed by Tunisia (X tons), Saudi Arabia (X tons) and Belgium (X tons), together mixing up a 19% share of total exports. The following exporters - Austria (X tons), Italy (X tons), Spain (X tons), Canada (X tons), China (X tons), Egypt (X tons), France (X tons) and South Korea (X tons) - together made up 24% of total exports.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +10.4%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest refined maize oil supplying countries worldwide were the United States ($X), Turkey ($X) and Saudi Arabia ($X), together comprising 49% of global exports. Tunisia, Belgium, Austria, Italy, Spain, China, Egypt, Canada, France and South Korea lagged somewhat behind, together accounting for a further 35%.

Egypt, with a CAGR of +9.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average refined maize oil export price amounted to $X per ton, surging by 28% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.3%), while the other global leaders experienced more modest paces of growth.

Refined Maize Oil Imports

Imports

After three years of decline, purchases abroad of refined maize (corn) oil increased by 7% to X tons in 2021. Overall, imports, however, saw a perceptible setback. The pace of growth appeared the most rapid in 2016 with an increase of 19%. Over the period under review, global imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, refined maize oil imports skyrocketed to $X in 2021. In general, imports, however, recorded a perceptible shrinkage. Global imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Libya (X tons) and Kuwait (X tons) were the largest importers of refined maize (corn) oilaround the world, together amounting to near 32% of total imports. Tunisia (X tons) took the next position in the ranking, followed by the United Arab Emirates (X tons) and Egypt (X tons). All these countries together held near 17% share of total imports. Saudi Arabia (X tons), the United States (X tons), Jordan (X tons), Canada (X tons), Qatar (X tons), Oman (X tons), Malaysia (X tons) and Germany (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Oman (with a CAGR of +45.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest refined maize oil importing markets worldwide were Libya ($X), Kuwait ($X) and the United Arab Emirates ($X), with a combined 39% share of global imports. These countries were followed by Tunisia, Egypt, Saudi Arabia, Jordan, Germany, Oman, the United States, Canada, Malaysia and Qatar, which together accounted for a further 33%.

Oman, with a CAGR of +43.6%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average refined maize oil import price stood at $X per ton in 2021, surging by 31% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of refined maize oil consumption was China, accounting for 18% of total volume. Moreover, refined maize oil consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 4% share.
The country with the largest volume of refined maize oil production was China, accounting for 19% of total volume. Moreover, refined maize oil production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with a 4.9% share.
In value terms, the largest refined maize oil supplying countries worldwide were the United States, Turkey and Saudi Arabia, together accounting for 45% of global exports. Azerbaijan, Austria, Belgium, Oman, China, Italy, Spain, Tunisia, Canada and South Korea lagged somewhat behind, together comprising a further 40%.
In value terms, the largest refined maize oil importing markets worldwide were Libya, Kuwait and the United Arab Emirates, with a combined 30% share of global imports. These countries were followed by Israel, Jordan, Germany, Egypt, Saudi Arabia, the United States, Canada, Qatar, the Netherlands and Palestine, which together accounted for a further 34%.
The average refined maize oil export price stood at $1,774 per ton in 2021, picking up by 24% against the previous year.
In 2021, the average refined maize oil import price amounted to $1,359 per ton, approximately reflecting the previous year.

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

  • Prodcom 10621460 - Refined maize (corn) oil and its fractions (excluding chemically modified)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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