Estonia: Maize Oil Market 2024

Maize Oil Market Size in Estonia

The Estonian maize oil market totaled $X in 2022, leveling off at the previous year. Overall, consumption continues to indicate a strong expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Maize Oil Production in Estonia

In value terms, maize oil production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Maize oil production peaked at $X in 2020; afterwards, it flattened through to 2022.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Maize Oil Exports

Exports from Estonia

In 2022, exports of maize oil from Estonia skyrocketed to X tons, increasing by X% against the year before. Overall, exports continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, maize oil exports skyrocketed to $X in 2022. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Norway (X tons) was the main destination for maize oil exports from Estonia, accounting for a X% share of total exports. Moreover, maize oil exports to Norway exceeded the volume sent to the second major destination, Aruba (X tons), ninefold. The third position in this ranking was held by Finland (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (X% per year) and Finland (X% per year).

In value terms, Norway ($X) remains the key foreign market for maize oil exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Aruba ($X), with a X% share of total exports. It was followed by Finland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (X% per year) and Finland (X% per year).

Export Prices by Country

In 2022, the average maize oil export price amounted to $X per ton, surging by X% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, maize oil export price increased by X% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (X%), while the prices for the other major destinations experienced more modest paces of growth.

Maize Oil Imports

Imports into Estonia

In 2022, maize oil imports into Estonia soared to X tons, increasing by X% against the previous year. In general, imports showed a prominent increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, maize oil imports soared to $X in 2022. Over the period under review, imports showed a strong increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Austria (X tons) constituted the largest supplier of maize oil to Estonia, accounting for a X% share of total imports. Moreover, maize oil imports from Austria exceeded the figures recorded by the second-largest supplier, Latvia (X tons), sevenfold. Belgium (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Austria stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (X% per year) and Belgium (X% per year).

In value terms, Austria ($X) constituted the largest supplier of maize oil to Estonia, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by Latvia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Austria stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Latvia (X% per year).

Import Prices by Country

The average maize oil import price stood at $X per ton in 2022, surging by X% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, maize oil import price increased by X% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :