Italy - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Maize Oil Price in Italy - 2023
Contents:
- Refined Maize Oil Price in Italy (FOB) - 2023
- Refined Maize Oil Price in Italy (CIF) - 2022
- Refined Maize Oil Exports in Italy
- Refined Maize Oil Imports in Italy
Refined Maize Oil Price in Italy (FOB) - 2023
The average refined maize oil export price stood at $1,703 per ton in June 2023, dropping by -6.4% against the previous month. Over the period under review, the export price continues to indicate a perceptible descent. The growth pace was the most rapid in March 2023 an increase of 10% m-o-m. Over the period under review, the average export prices hit record highs at $2,450 per ton in June 2022; however, from July 2022 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Slovenia ($2,573 per ton), while the average price for exports to Austria ($1,396 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Maize Oil Price in Italy (CIF) - 2022
In 2022, the average refined maize oil import price amounted to $1,920 per ton, picking up by 5.4% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined maize oil import price increased by +58.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 47% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($7,811 per ton), while the price for Libya ($634 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Refined Maize Oil Exports in Italy
In 2022, exports of refined maize (corn) oil from Italy soared to 14K tons, surging by 25% compared with the previous year's figure. Overall, exports, however, continue to indicate a mild contraction.
In value terms, refined maize oil exports skyrocketed to $29M in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Refined Maize Oil in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 3.3 | 2.9 | 6.4 | 7.5 | 31.5% |
| Israel | 2.5 | 1.5 | 0.6 | 4.9 | 25.1% |
| Jamaica | 1.0 | 1.1 | 1.9 | 2.3 | 32.0% |
| Germany | 0.3 | 0.4 | 0.6 | 1.9 | 85.0% |
| Austria | 0.8 | 1.4 | 1.1 | 1.7 | 28.6% |
| France | 0.4 | 0.2 | 0.2 | 1.6 | 58.7% |
| Albania | 1.5 | 2.0 | 2.0 | 1.6 | 2.2% |
| Cyprus | 0.8 | 1.6 | 1.9 | 1.2 | 14.5% |
| Belgium | 0.1 | 0.1 | 0.3 | 1.0 | 115.4% |
| Netherlands | 0.1 | 0.1 | 0.1 | 0.9 | 108.0% |
| Serbia | 0.4 | 0.5 | 0.5 | 0.7 | 20.5% |
| Spain | 0.5 | 0.6 | 0.7 | 0.7 | 11.9% |
| China | 0.9 | N/A | N/A | N/A | 0% |
| Others | 2.4 | 2.5 | 2.8 | 2.9 | 6.5% |
| Total | 14.9 | 14.7 | 19.3 | 28.8 | 24.6% |
Top Export Markets for Refined Maize Oil from Italy in 2022:
- Greece (3.9K tons)
- Israel (2.6K tons)
- Austria (1.1K tons)
- Jamaica (0.9K tons)
- France (0.9K tons)
- Germany (0.8K tons)
- Cyprus (0.7K tons)
- Albania (0.6K tons)
- Belgium (0.5K tons)
- Netherlands (0.4K tons)
- Spain (0.4K tons)
- Serbia (0.3K tons)
Refined Maize Oil Imports in Italy
For the third consecutive year, Italy recorded decline in purchases abroad of refined maize (corn) oil, which decreased by -35.1% to 112 tons in 2022. Over the period under review, imports saw a dramatic decline.
In value terms, refined maize oil imports reduced dramatically to $215K in 2022. Overall, imports showed a dramatic decrease.
| Import of Refined Maize Oil in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 11.1 | 10.3 | 11.6 | 94.0 | 103.8% |
| Austria | 13.5 | 199 | 71.5 | 85.5 | 85.0% |
| Libya | N/A | N/A | N/A | 30.4 | 0% |
| France | 4,459 | 529 | 0.2 | 2.5 | -91.8% |
| Belgium | 58.1 | 494 | N/A | 1.4 | -71.1% |
| Spain | 6.7 | 361 | 231 | N/A | 487.2% |
| Others | 18.3 | 6.1 | N/A | 0.9 | -63.4% |
| Total | 4,567 | 1,600 | 314 | 215 | -63.9% |
Top Suppliers of Refined Maize Oil to Italy in 2022:
- Austria (49.5 tons)
- Libya (48.0 tons)
- Germany (12.0 tons)
- Belgium (1.2 tons)
- France (0.9 tons)
This report provides an in-depth analysis of the refined maize oil market in Italy. 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:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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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During the period from November 2022 to July 2023, there was a moderate increase in the exports of Refined Maize Oil, which reached a value of $1.6M in July 2023.
1508
Global maize oil consumption amounted to X thousand tons in 2015, falling by -X% against the previous year level.
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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.
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The maize oil market reached X million USD, rising with an annual increase of X%.
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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
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Belgium continued its dominance in the global linseed oil trade. In 2014, Belgium exported X thousand tons of linseed oil totaling X million USD, X% under the previous year. Its primary trading partner was Germany, where it supplied X% of its to
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