The U.S. maize oil export volume is expected to decline gradually from 2024 to 2028, starting at 301.79 thousand metric tons in 2024 and decreasing to 272.68 thousand metric tons by 2028. Compared to 2023, where the export volume was 309.10 thousand metric tons, this marks a declining trend. Year-over-year percentage changes indicate a consistent decline, underscoring a shrinking export market. The forecast over the next five years shows a continuous decrease with an average CAGR, suggesting the market could face further reductions if this trend persists.
Future trends to watch for include:
- Potential impacts of policy changes on agriculture
- Global demand shifts for vegetable oils
- Imports competition from other countries
- Technological advancements in crop yield efficiency