Spain - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingRefined Maize Oil Price in Spain - 2023
Contents:
- Refined Maize Oil Price in Spain (FOB) - 2023
- Refined Maize Oil Price in Spain (CIF) - 2022
- Refined Maize Oil Exports in Spain
- Refined Maize Oil Imports in Spain
Refined Maize Oil Price in Spain (FOB) - 2023
In June 2023, the average refined maize oil export price amounted to $2,025 per ton, waning by -7.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in July 2022 when the average export price increased by 36% against the previous month. The export price peaked at $2,836 per ton in September 2022; however, from October 2022 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($2,215 per ton), while the average price for exports to the United Arab Emirates ($1,440 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 Portugal (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Maize Oil Price in Spain (CIF) - 2022
The average refined maize oil import price stood at $1,641 per ton in 2022, with an increase of 29% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% 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 +99.6% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 55% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($2,309 per ton), while the price for France ($1,462 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Maize Oil Exports in Spain
In 2022, after three years of growth, there was significant decline in overseas shipments of refined maize (corn) oil, when their volume decreased by -62.5% to 4.8K tons. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 49%. As a result, the exports attained the peak of 13K tons, and then declined significantly in the following year.
In value terms, refined maize oil exports shrank notably to $10M in 2022. Overall, exports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 66% against the previous year. As a result, the exports reached the peak of $18M, and then fell dramatically in the following year.
| Export of Refined Maize Oil in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 2,127 | 1,907 | 1,945 | 4,274 | 26.2% |
| Philippines | N/A | N/A | 1,039 | 2,048 | 97.1% |
| South Korea | 967 | 814 | 2,480 | 1,330 | 11.2% |
| Hong Kong SAR | 761 | 1,757 | 2.3 | 1,185 | 15.9% |
| Malaysia | 240 | 1,125 | 765 | 229 | -1.6% |
| Chile | 2.1 | 24.9 | 67.2 | 208 | 362.7% |
| France | N/A | 53.3 | 28.9 | 144 | 64.4% |
| New Zealand | 1,129 | 560 | 244 | 125 | -52.0% |
| Greece | N/A | N/A | 1,165 | N/A | 0% |
| Libya | 1,690 | N/A | N/A | N/A | 0% |
| Italy | N/A | 909 | 153 | N/A | -83.2% |
| Qatar | N/A | 1,059 | N/A | N/A | 0% |
| Others | 456 | 2,362 | 9,621 | 547 | 6.3% |
| Total | 7,373 | 10,571 | 17,510 | 10,091 | 11.0% |
Top Export Markets for Refined Maize Oil from Spain in 2022:
- Portugal (2337.8 tons)
- Philippines (678.3 tons)
- Hong Kong SAR (630.7 tons)
- South Korea (567.5 tons)
- Chile (107.4 tons)
- Malaysia (106.9 tons)
- France (87.1 tons)
- New Zealand (45.1 tons)
Refined Maize Oil Imports in Spain
In 2022, purchases abroad of refined maize (corn) oil decreased by -62.8% to 770 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 257%. As a result, imports reached the peak of 2.7K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, refined maize oil imports dropped rapidly to $1.3M in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 223% against the previous year.
| Import of Refined Maize Oil in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 435 | 652 | 780 | 666 | 15.3% |
| France | 9.8 | 1,186 | 1,822 | 515 | 274.6% |
| Portugal | N/A | N/A | 3.6 | 40.8 | 1033.3% |
| Netherlands | 0.4 | 0.3 | 23.6 | 27.0 | 307.2% |
| Belgium | 229 | 395 | 3.0 | N/A | -88.6% |
| Others | 20.4 | 7.8 | 6.9 | 13.8 | -12.2% |
| Total | 694 | 2,241 | 2,639 | 1,263 | 22.1% |
Top Suppliers of Refined Maize Oil to Spain in 2022:
- Italy (380.7 tons)
- France (352.4 tons)
- Portugal (24.5 tons)
- Netherlands (11.7 tons)
This report provides an in-depth analysis of the refined maize oil market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
508
This report provides an in-depth analysis of the refined maize oil market in Spain.
607
This report provides an in-depth analysis of the maize oil market in Spain.
581
This report provides an in-depth analysis of the linseed oil market in Spain.
650
This report provides an in-depth analysis of the sesame oil market in Spain.
493
This report provides an in-depth analysis of the castor oil seed market in Spain.
356
This report provides an in-depth analysis of the crude maize oil market in Spain.
680
This report provides an in-depth analysis of the global refined maize oil market.
1350
This report provides an in-depth analysis of the global maize oil market.
4007
This report provides an in-depth analysis of the global linseed oil market.
1962
This report provides an in-depth analysis of the global sesame oil market.
330
In March 2023, the refined maize oil price amounted to $1,751 per ton (FOB, Spain), with a decrease of -13.1% against the previous month.
395
In July 2022, the maize oil price per ton stood at $2.2K (CIF, Spain), rising by 4.8% against the previous month.
463
In July 2022, the linseed oil price stood at $2,230 per ton (FOB, Spain), waning by -14.4% against the previous month.
1509
Global maize oil consumption amounted to X thousand tons in 2015, falling by -X% against the previous year level.
1438
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.
1718
The maize oil market reached X million USD, rising with an annual increase of X%.
1402
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
2209
Global linseed oil consumption amounted to X thousand tons in 2015, shrinking by -X% against the previous year level.
3375
In 2015, the countries with the highest levels of linseed oil production were China (X thousand tons), Belgium (X thousand tons), the United States (X thousand tons), together accounting for X% of total output.
1820
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
