U.S. - Crude Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Maize Oil Price in the United States - 2023
Contents:
- Crude Maize Oil Price in the United States (FOB) - 2022
- Crude Maize Oil Price in the United States (CIF) - 2023
- Crude Maize Oil Exports in the United States
- Crude Maize Oil Imports in the United States
Crude Maize Oil Price in the United States (FOB) - 2022
The average crude maize oil export price stood at $1,608 per ton in 2022, surging by 31% against the previous year. Over the period under review, the export price recorded notable growth. The most prominent rate of growth was recorded in 2021 an increase of 54%. The export price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($1,903 per ton), while the average price for exports to Canada ($1,043 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 Price in the United States (CIF) - 2023
The average crude maize oil import price stood at $777 per ton in September 2023, rising by 13% against the previous month. In general, import price indicated temperate growth from September 2022 to September 2023: its price increased at an average monthly rate of +3.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, crude maize oil import price increased by +12.8% against August 2023 indices. The growth pace was the most rapid in May 2023 when the average import price increased by 23% against the previous month. The import price peaked at $1,094 per ton in June 2023; however, from July 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Argentina ($940 per ton), while the price for Canada amounted to $616 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Canada (+1.1%), while the prices for the other major suppliers experienced a decline.
Crude Maize Oil Exports in the United States
Crude maize oil exports from the United States fell notably to 97K tons in 2022, which is down by -35% on the year before. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 4.2% against the previous year.
In value terms, crude maize oil exports reduced to $156M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +5.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 60% against the previous year. As a result, the exports reached the peak of $183M, and then reduced in the following year.
| Export of Crude Maize Oil in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 42.1 | 35.3 | 69.1 | 59.8 | 12.4% |
| Singapore | 28.2 | 6.4 | 47.2 | 40.3 | 12.6% |
| Qatar | N/A | 5.2 | 14.1 | 25.5 | 121.4% |
| Germany | N/A | N/A | N/A | 16.1 | 0% |
| Egypt | 26.9 | 29.3 | 29.3 | 7.0 | -36.2% |
| Canada | 0.9 | 0.6 | 2.1 | 3.6 | 58.7% |
| Tunisia | 9.2 | N/A | 2.2 | 1.5 | -45.4% |
| Spain | N/A | 11.8 | 6.5 | N/A | -44.9% |
| Mexico | 6.8 | 7.6 | 0.1 | N/A | -87.9% |
| Turkey | 6.0 | 12.4 | 8.3 | N/A | 17.6% |
| Others | 13.3 | 5.5 | 3.8 | 2.2 | -45.1% |
| Total | 133 | 114 | 183 | 156 | 5.5% |
Top Export Markets for Crude Maize Oil from the United States in 2022:
- Mexico (undefinedK tons)
- Saudi Arabia (35.9K tons)
- Singapore (28.6K tons)
- Qatar (13.7K tons)
- Germany (8.5K tons)
- Egypt (4.0K tons)
- Canada (3.4K tons)
- Tunisia (1.4K tons)
Crude Maize Oil Imports in the United States
In 2022, approx. 64K tons of crude maize (corn) oil were imported into the United States; increasing by 273% on 2021. Over the period under review, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, crude maize oil imports surged to $32M in 2022. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Crude Maize Oil in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 11.6 | 7.3 | 14.5 | 32.4 | 40.8% |
| Others | 0.5 | 0.6 | 0.1 | N/A | -55.3% |
| Total | 12.1 | 7.9 | 14.6 | 32.4 | 38.9% |
Top Suppliers of Crude Maize Oil to the United States in 2022:
- Canada (63.5K tons)
This report provides an in-depth analysis of the crude 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In value terms, maize oil exports shrank rapidly to $29M in April 2023.
809
In September 2022, the linseed oil price per ton stood at $4.5K (CIF, US), rising by 4.8% against the previous month.
784
In July 2022, the sesame oil price per ton stood at $5,304, with a decrease of -8.1% against the previous month.
1159
In August 2022, the castor oil seed price per ton stood at $2,532, rising by 24% against the previous month.
1846
In Apr 2022, the average import castor oil seed price per ton amounted to $1,875, rising by 3.1% against the previous month.
326
The value of exports for Refined Maize Oil reached $4.8M in May 2023.
1505
Global maize oil consumption amounted to X thousand tons in 2015, falling by -X% against the previous year level.
1428
In 2015, the country with the largest volume of the maize oil output was the United States (X thousand tons), accounting for X% of global production.
1713
The maize oil market reached X million USD, rising with an annual increase of X%.
1398
The U.S. dominates in the global maize oil trade. In 2014, the U.S. exported X thousand tons of maize oil totaling X million USD, X% under the previous year. Its primary trading partner was Saudi Arabia, where it supplied X% of its total maize
