Malaysia - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Maize Oil Price in Malaysia - 2021
Contents:
- Refined Maize Oil Price in Malaysia (CIF) - 2021
- Refined Maize Oil Price in Malaysia (FOB) - 2021
- Refined Maize Oil Imports in Malaysia
- Refined Maize Oil Exports in Malaysia
Refined Maize Oil Price in Malaysia (CIF) - 2021
In December 2021, the average refined maize oil import price amounted to $1,771 per ton, picking up by 7.5% against the previous month. In general, import price indicated a modest increase from December 2020 to December 2021: its price increased at an average monthly rate of +1.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, refined maize oil import price increased by +162.6% against September 2021 indices. The most prominent rate of growth was recorded in October 2021 when the average import price increased by 148% against the previous month. Over the period under review, average import prices reached the peak figure at $2,033 per ton in May 2021; however, from June 2021 to December 2021, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for South Korea.
From December 2020 to December 2021, the rate of growth in terms of prices for Japan amounted to +5.8% per month.
Refined Maize Oil Price in Malaysia (FOB) - 2021
In December 2021, the average refined maize oil export price amounted to $2,212 per ton, with a decrease of -3.7% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2021 when the average export price increased by 53% m-o-m. As a result, the export price reached the peak level of $3,008 per ton. From May 2021 to December 2021, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In December 2021, the highest price was recorded for prices to Indonesia ($2,758 per ton) and Kuwait ($2,290 per ton), while the average price for exports to Singapore ($1,892 per ton) and the Philippines ($2,115 per ton) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Maize Oil Imports in Malaysia
In 2022, overseas purchases of refined maize (corn) oil decreased by -6.1% to 7.8K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, imports reached the peak of 8.4K tons, and then shrank in the following year.
In value terms, refined maize oil imports fell rapidly to $11M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 56%. As a result, imports attained the peak of $13M, and then contracted sharply in the following year.
Import of Refined Maize Oil in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 4.3 | 3.5 | 6.6 | 5.3 | 7.2% |
China | 0.1 | 1.8 | 3.1 | 2.5 | 192.4% |
Taiwan (Chinese) | 1.2 | 2.5 | 0.8 | 1.3 | 2.7% |
Japan | 0.2 | 0.2 | 1.2 | 1.0 | 71.0% |
Spain | 0.3 | 0.4 | 0.7 | 0.6 | 26.0% |
United States | 0.5 | N/A | N/A | 0.1 | -41.5% |
Singapore | 0.3 | N/A | N/A | N/A | 0% |
Others | 0.3 | N/A | 0.7 | N/A | 52.8% |
Total | 7.2 | 8.4 | 13.2 | 10.8 | 14.5% |
Top Suppliers of Refined Maize Oil to Malaysia in 2022:
- South Korea (4.0K tons)
- China (1.4K tons)
- Taiwan (Chinese) (1.2K tons)
- Japan (0.7K tons)
- Spain (0.4K tons)
- United States (0.2K tons)
Refined Maize Oil Exports in Malaysia
In 2022, after two years of decline, there was significant growth in overseas shipments of refined maize (corn) oil, when their volume increased by 22% to 4.2K tons. Over the period under review, exports, however, faced a abrupt slump.
In value terms, refined maize oil exports stood at $8.1M in 2022. In general, exports, however, continue to indicate a pronounced shrinkage.
Export of Refined Maize Oil in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Philippines | 2.5 | 2.5 | 1.0 | 1.7 | -12.1% |
Hong Kong SAR | 0.5 | 0.6 | 1.5 | 1.4 | 40.9% |
Singapore | 1.3 | 1.5 | 1.2 | 1.2 | -2.6% |
Indonesia | 1.3 | 1.3 | 1.2 | 1.1 | -5.4% |
Australia | 0.9 | 1.2 | 0.8 | 0.8 | -3.9% |
Bahrain | 0.6 | 0.4 | 0.5 | 0.4 | -12.6% |
Sri Lanka | 0.3 | 0.4 | 0.3 | 0.3 | 0.0% |
Others | 1.3 | 0.6 | 1.1 | 1.0 | -8.4% |
Total | 8.7 | 8.5 | 7.6 | 8.1 | -2.4% |
Top Export Markets for Refined Maize Oil from Malaysia in 2022:
- Philippines (801.0 tons)
- Singapore (756.2 tons)
- Hong Kong SAR (672.2 tons)
- Indonesia (536.8 tons)
- Australia (492.8 tons)
- Bahrain (279.3 tons)
- Sri Lanka (184.5 tons)
This report provides an in-depth analysis of the refined maize oil market in Malaysia. 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:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- 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 global maize oil market is expected to experience a steady increase in demand over the next seven years, with a projected growth in market volume to 7.9M tons and market value to $17.9B by 2030.
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
Global linseed oil consumption amounted to X thousand tons in 2015, shrinking by -X% against the previous year level.
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.
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
The global sesame oil market revenue amounted to $X in 2017 (IndexBox estimate), flattening at the previous year. This ...
In 2016, global sesame oil market reached X tons, expanding robustly over the last four years. In wholesale prices, the market totaled $X, also undergoing a prominent expansion. This figure reflects the total revenue of producers and importer