The United States leads the global maize oil demand, representing over a third of total consumption in 2023. China and South Africa also hold significant shares. From 2023's actual figures, notable growth occurred in Azerbaijan, Iraq, and Ukraine, while declines were seen in Japan, Canada, and Saudi Arabia. Afghanistan and Serbia experienced the most substantial year-on-year growth. Overall, significant year-on-year changes were observed in various countries, reflecting geopolitical and economic influences.
Future trends to watch include increasing demands in developing markets and potential shifts in consumption as countries adjust to environmental policies. Emerging markets may influence the global balance, impacting localized production and export-import dynamics.
Top countries in Maize Oil Demand Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 36.2 | 2023 | +0.24% | 0% | View data |
| 2 | 2 China | 14.04 | 2023 | +1.26% | +0.9% | View data |
| 3 | 3 South Africa | 3.72 | 2023 | 0% | 0% | View data |
| 4 | 4 Brazil | 3.41 | 2023 | +1.3% | +0.79% | View data |
| 5 | 5 Japan | 3.32 | 2023 | 0% | -1.02% | View data |
| 6 | 6 Italy | 2.93 | 2023 | 0% | 0% | View data |
| 7 | 7 Canada | 2.14 | 2023 | 0% | -1.18% | View data |
| 8 | 8 Azerbaijan | 2.1 | 2023 | +2.13% | +2.71% | View data |
| 9 | 9 Belgium | 2.01 | 2023 | -2.13% | +0.89% | View data |
| 10 | 10 Kuwait | 2.01 | 2023 | +2.22% | +1.36% | View data |
