Greece - Crude Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Maize Oil Price in Greece - 2023
Contents:
- Crude Maize Oil Price in Greece (CIF) - 2023
- Crude Maize Oil Price in Greece (FOB) - 2022
- Crude Maize Oil Imports in Greece
- Crude Maize Oil Exports in Greece
Crude Maize Oil Price in Greece (CIF) - 2023
The average crude maize oil import price stood at $1,404 per ton in August 2023, with a decrease of -1.7% against the previous month. Over the period under review, the import price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in March 2023 an increase of 12% m-o-m. As a result, import price attained the peak level of $1,983 per ton. From April 2023 to August 2023, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the country with the highest price was Hungary ($1,600 per ton), while the price for Italy stood at $1,238 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+0.3%).
Crude Maize Oil Price in Greece (FOB) - 2022
The average crude maize oil export price stood at $1,803 per ton in 2022, rising by 21% against the previous year. Over the period under review, the export price, however, recorded a noticeable curtailment. Over the period under review, the average export prices reached the maximum at $2,517 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($2,474 per ton), while the average price for exports to Albania ($1,572 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 Cyprus (+1.2%), while the prices for the other major destinations experienced a decline.
Crude Maize Oil Imports in Greece
In 2022, after two years of decline, there was significant growth in purchases abroad of crude maize (corn) oil, when their volume increased by 14% to 9.7K tons. In general, imports, however, continue to indicate a abrupt decrease.
In value terms, crude maize oil imports skyrocketed to $16M in 2022. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Crude Maize Oil in Greece (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hungary | 4.2 | 6.6 | 6.9 | 10.3 | 34.9% |
Italy | 4.4 | 2.4 | 5.2 | 5.3 | 6.4% |
Serbia | 0.2 | 0.1 | N/A | 0.6 | 44.2% |
Others | 0.1 | N/A | 0.3 | 0.2 | 26.0% |
Total | 8.8 | 9.1 | 12.4 | 16.4 | 23.1% |
Top Suppliers of Crude Maize Oil to Greece in 2022:
- Hungary (5.6K tons)
- Italy (3.8K tons)
- Serbia (0.3K tons)
Crude Maize Oil Exports in Greece
In 2022, the amount of crude maize (corn) oil exported from Greece declined sharply to 23 tons, with a decrease of -85.6% on the year before. Overall, exports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 45%. As a result, the exports reached the peak of 158 tons, and then shrank remarkably in the following year.
In value terms, crude maize oil exports dropped markedly to $41K in 2022. Over the period under review, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 53% against the previous year. As a result, the exports attained the peak of $235K, and then reduced sharply in the following year.
Export of Crude Maize Oil in Greece (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Albania | 106 | 123 | N/A | 26.0 | -37.4% |
Cyprus | 28.1 | 17.7 | 14.3 | 13.6 | -21.5% |
Russia | 3.1 | 3.8 | 3.7 | 1.4 | -23.3% |
Hungary | N/A | N/A | 216 | N/A | 0% |
Others | 8.5 | 8.1 | 0.3 | 0.2 | -71.3% |
Total | 146 | 153 | 235 | 41.2 | -34.4% |
Top Export Markets for Crude Maize Oil from Greece in 2022:
- Albania (16.5 tons)
- Cyprus (5.5 tons)
- Russia (0.7 tons)
This report provides an in-depth analysis of the crude maize oil market in Greece. 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:
- Greece
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Greece
- 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
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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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Global maize oil consumption amounted to X thousand tons in 2015, falling by -X% against the previous year level.
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.
The maize oil market reached X million USD, rising with an annual increase of X%.
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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Global sesame oil consumption amounted to X thousand tons in 2015, rising by +X% against the previous year level.