U.S. - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Maize Oil Price in the United States - 2023
Contents:
- Refined Maize Oil Price in the United States (FOB) - 2023
- Refined Maize Oil Price in the United States (CIF) - 2023
- Refined Maize Oil Exports in the United States
- Refined Maize Oil Imports in the United States
Refined Maize Oil Price in the United States (FOB) - 2023
The average refined maize oil export price stood at $1,749 per ton in August 2023, waning by -14.5% against the previous month. In general, the export price saw a abrupt setback. The growth pace was the most rapid in December 2022 an increase of 44% month-to-month. The export price peaked at $3,486 per ton in August 2022; however, from September 2022 to August 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In August 2023, the country with the highest price was Mexico ($2,265 per ton), while the average price for exports to Canada ($1,706 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+0.7%), while the prices for the other major destinations experienced mixed trend patterns.
Refined Maize Oil Price in the United States (CIF) - 2023
In August 2023, the average refined maize oil import price amounted to $1,911 per ton, with a decrease of -8.9% against the previous month. In general, the import price recorded a slight downturn. The pace of growth was the most pronounced in March 2023 an increase of 29% against the previous month. Over the period under review, average import prices hit record highs at $2,400 per ton in October 2022; however, from November 2022 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($3,439 per ton), while the price for Turkey ($1,733 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+1.1%), while the prices for the other major suppliers experienced a decline.
Refined Maize Oil Exports in the United States
For the third consecutive year, the United States recorded decline in overseas shipments of refined maize (corn) oil, which decreased by -21% to 59K tons in 2022. Overall, exports faced a drastic downturn. The smallest decline of -2.1% was in 2021.
In value terms, refined maize oil exports expanded notably to $139M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +19.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Refined Maize Oil in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 26.4 | 36.0 | 58.1 | 91.9 | 51.6% |
| Canada | 10.5 | 13.2 | 14.2 | 21.1 | 26.2% |
| Mexico | 1.5 | 1.9 | 9.2 | 16.8 | 123.7% |
| United Arab Emirates | 11.4 | 6.3 | 1.0 | 0.1 | -79.4% |
| Egypt | 2.4 | 6.8 | 17.3 | N/A | 168.5% |
| Libya | 7.9 | 5.2 | N/A | N/A | -34.2% |
| Saudi Arabia | 11.4 | 11.3 | 8.0 | N/A | -16.2% |
| Others | 10.9 | 6.9 | 14.6 | 9.0 | -6.2% |
| Total | 82.4 | 87.4 | 122 | 139 | 19.0% |
Top Export Markets for Refined Maize Oil from the United States in 2022:
- Kuwait (34.2K tons)
- Canada (12.1K tons)
- Mexico (8.6K tons)
- United Arab Emirates (0.1K tons)
Refined Maize Oil Imports in the United States
For the fourth consecutive year, the United States recorded growth in supplies from abroad of refined maize (corn) oil, which increased by 76% to 19K tons in 2022. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, refined maize oil imports skyrocketed to $38M in 2022. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Refined Maize Oil in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 7.0 | 7.6 | 12.6 | 28.8 | 60.2% |
| Mexico | 1.9 | 1.9 | 2.1 | 7.0 | 54.4% |
| Argentina | N/A | N/A | 0.6 | 0.6 | 0.0% |
| Brazil | N/A | N/A | N/A | 0.4 | 0% |
| Others | 0.3 | 0.5 | 0.3 | 1.0 | 49.4% |
| Total | 9.2 | 10.0 | 15.6 | 37.9 | 60.3% |
Top Suppliers of Refined Maize Oil to the United States in 2022:
- Canada (15.5K tons)
- Mexico (2.5K tons)
- Brazil (0.4K tons)
- Argentina (0.3K tons)
This report provides an in-depth analysis of the refined 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:
- Prodcom 10621460 - Refined maize (corn) oil and its fractions (excluding chemically modified)
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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The value of exports for Refined Maize Oil reached $4.8M in May 2023.
339
In value terms, maize oil exports shrank rapidly to $29M in April 2023.
822
In September 2022, the linseed oil price per ton stood at $4.5K (CIF, US), rising by 4.8% against the previous month.
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In July 2022, the sesame oil price per ton stood at $5,304, with a decrease of -8.1% against the previous month.
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In August 2022, the castor oil seed price per ton stood at $2,532, rising by 24% against the previous month.
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In Apr 2022, the average import castor oil seed price per ton amounted to $1,875, rising by 3.1% against the previous month.
1510
Global maize oil consumption amounted to X thousand tons in 2015, falling by -X% against the previous year level.
1440
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.
1722
The maize oil market reached X million USD, rising with an annual increase of X%.
1403
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
