The United States dominates global crude maize oil exports, with a significant value of $171.81 million. Despite a small year-on-year growth of 4.06% in 2023, its leadership in the market remains solid. Argentina shows the most robust increase at 26.81%, while South Korea and Canada also experience noteworthy growth rates of 8.18% and 11.75%, respectively. Eastern Europe exhibits mixed results, with Hungary decreasing 2.54% while Czech Republic stands out with a massive 278.58% increase. South Africa marked a strong surge of 79.26%, highlighting its expanding export market.
Future trends to monitor include the potential for continued growth in the South Korean and Argentine markets, expansions in Eastern Europe, and how economic dynamics or policy changes in the United States might influence its dominant position. Sustainability and changing agricultural practices could also impact production and export forecasts globally.
Top countries in Export of Crude Maize Oil by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 171,810,000 | 2023 | -2.22% | +4.06% | View data |
| 2 | 2 Hungary | 19,998,000 | 2023 | -3.81% | -2.54% | View data |
| 3 | 3 Brazil | 15,417,000 | 2023 | -2.75% | +1.88% | View data |
| 4 | 4 South Korea | 15,059,000 | 2023 | +5.38% | +8.18% | View data |
| 5 | 5 Canada | 13,479,000 | 2023 | +5.08% | +11.75% | View data |
| 6 | 6 Germany | 8,189,800 | 2023 | -0.63% | -0.31% | View data |
| 7 | 7 Singapore | 5,399,400 | 2023 | +4.48% | +7.63% | View data |
| 8 | 8 Argentina | 5,392,000 | 2023 | -8.21% | +26.81% | View data |
| 9 | 9 Ukraine | 4,163,000 | 2023 | -2.18% | +3.32% | View data |
| 10 | 10 Italy | 3,989,200 | 2023 | -1.31% | -1.45% | View data |
