The United States leads global maize oil production with 1.91 million metric tons, followed by China (0.551 million metric tons) and Brazil (0.102 million metric tons). Year-on-year increases were noted in the U.S., China, and Brazil by 2.21%, 2.33%, and 0.4% respectively. Japan saw a decline of 0.24%, while countries like Spain (2.46%) and Mexico (1.3%) exhibited notable growth. Italy, Belgium, Canada, and Argentina had moderate increases. Some countries like Honduras and Oman displayed significant growth exceeding 2%. However, Azerbaijan had a significant drop of 16.06%, and Slovakia ceased production entirely, showing a -100% change.
Future trends to watch for include the potential increase in production capacity in countries with high year-on-year growth, such as Honduras and Oman, as well as the risk factors associated with production declines or cessation in regions like Azerbaijan and Slovakia. Sustainability and advancements in maize oil production technology could further influence the industry's growth trajectory.
Top countries in Maize Oil Production by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 1,910 | 2023 | +2.09% | +2.21% | View data |
| 2 | 2 China | 551 | 2023 | +2.99% | +2.33% | View data |
| 3 | 3 Brazil | 102 | 2023 | 0% | +0.4% | View data |
| 4 | 4 South Africa | 86 | 2023 | +1.18% | +0.23% | View data |
| 5 | 5 Japan | 82 | 2023 | 0% | -0.24% | View data |
| 6 | 6 Italy | 71 | 2023 | 0% | +0.57% | View data |
| 7 | 7 Belgium | 66 | 2023 | 0% | +0.31% | View data |
| 8 | 8 France | 65 | 2023 | 0% | -0.9% | View data |
| 9 | 9 Canada | 63 | 2023 | 0% | +0.32% | View data |
| 10 | 10 Argentina | 49 | 2023 | +2.08% | +0.84% | View data |
