In 2023, the United States led global maize oil processing with 185.0 thousand metric tons, growing by 2.56% year-on-year. Brazil followed at 61.0 thousand metric tons with a 1.01% annual increase. Azerbaijan demonstrated the highest growth rate at 3.58%, reaching 31.0 thousand metric tons. Canada saw a decrease of 2.33% to 8.0 thousand metric tons, while Austria exited the market with a 100% decline.
Future trends to watch for global maize oil processing include:
- Potential increase in processing capacity in emerging markets like Azerbaijan.
- Sustainability practices potentially influencing production methods and volumes in countries like the United States.
- Technological advancements impacting production efficiencies and output.
Top countries in Maize Oil Processing by Country
| # | 5 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 185 | 2023 | +2.78% | +2.56% | View data |
| 2 | 2 Brazil | 61 | 2023 | +1.67% | +1.01% | View data |
| 3 | 3 Azerbaijan | 31 | 2023 | +3.33% | +3.58% | View data |
| 4 | 4 Canada | 8 | 2023 | 0% | -2.33% | View data |
| 5 | 5 Austria | 1 | 2023 | -100% | View data |
