The global maize oil market in 2024 shows significant volume variations across countries. The United States leads with 666.0 thousand metric tons, followed by China at 321.0 thousand metric tons. South Africa and Japan show more stable figures with slight decreases, while countries like Kuwait and Spain exhibit growth. Notable increases are observed in Tunisia, Egypt, and Iraq, each showing increases of more than 2% year-over-year.
Conversely, countries such as France, Venezuela, Saudi Arabia, and Greece faced declines in maize oil volumes. Emergent markets, however, display strong growth potentials, like Ukraine with 8.45%, and Afghanistan and Serbia jointly increasing by 5.92%. The upcoming year forecasts suggest potential market expansion, especially in Middle Eastern and African countries.
Future trends to watch for include the increasing demand in emerging markets, potential for growth in African regional consumption, and the impact of global trade policies on maize oil exports. Advancements in agricultural practices and oil extraction technologies are expected to drive production efficiencies and influence market dynamics globally.
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 666 | 2023 | +0.3% | +0.21% | View data |
| 2 | 2 China | 321 | 2018 | View data | ||
| 3 | 3 South Africa | 85 | 2023 | 0% | 0% | View data |
| 4 | 4 Japan | 76 | 2023 | 0% | -1.02% | View data |
| 5 | 5 Italy | 67 | 2023 | 0% | 0% | View data |
| 6 | 6 Canada | 41 | 2023 | 0% | -0.95% | View data |
| 7 | 7 Kuwait | 37 | 2023 | 0% | +1.71% | View data |
| 8 | 8 France | 35 | 2023 | -2.78% | -4.03% | View data |
| 9 | 9 Spain | 35 | 2023 | 0% | +1.81% | View data |
| 10 | 10 Egypt | 34 | 2023 | 0% | +2.53% | View data |
