EU: Crude Maize Oil Market 2024

Crude Maize Oil Market Size in the EU

After two years of growth, the EU crude maize oil market decreased by X% to $X in 2022. Over the period under review, consumption recorded a pronounced setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Crude Maize Oil Production in the EU

In value terms, crude maize oil production stood at $X in 2022 estimated in export price. Over the period under review, production saw a perceptible setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Crude Maize Oil Exports

Exports in the EU

After two years of decline, shipments abroad of crude maize (corn) oil increased by X% to X tons in 2022. In general, exports, however, recorded a pronounced decline. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, crude maize oil exports surged to $X in 2022. Over the period under review, exports, however, showed a pronounced shrinkage. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Hungary was the major exporting country with an export of about X tons, which amounted to X% of total exports. France (X tons) held the second position in the ranking, distantly followed by Italy (X tons), Poland (X tons) and Spain (X tons). All these countries together took approx. X% share of total exports. The Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to crude maize oil exports from Hungary stood at X%. At the same time, Poland (X%), the Czech Republic (X%), Italy (X%), Spain (X%) and France (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Hungary, France, Poland, Italy, Spain and the Czech Republic increased by X, X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hungary ($X) remains the largest crude maize oil supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

In Hungary, crude maize oil exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: France (X% per year) and Italy (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, jumping by X% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude maize oil export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Spain ($X per ton) and Hungary ($X per ton), while Poland ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

Crude Maize Oil Imports

Imports in the EU

In 2022, crude maize oil imports in the European Union contracted markedly to X tons, which is down by X% compared with the year before. In general, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2015 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, crude maize oil imports stood at $X in 2022. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Belgium (X tons) and Greece (X tons) represented the main importers of crude maize (corn) oil in 2022, finishing at near X% and X% of total imports, respectively. Spain (X tons) ranks next in terms of the total imports with a X% share, followed by Poland (X%), Austria (X%) and the Netherlands (X%). The following importers - France (X tons), Sweden (X tons), Slovakia (X tons), Germany (X tons) and Italy (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Greece ($X) and Spain ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Poland, Austria, the Netherlands, France, Sweden, Germany, Slovakia and Italy lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Slovakia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude maize oil import price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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