Corn Oil Prices December 2023
Product
|
Category |
Region |
Price |
Corn Oil |
Chemical |
USA |
1406 USD/MT |
Corn Oil |
Chemical |
China |
1676 USD/MT |
Corn Oil |
Chemical |
Germany |
2346 USD/MT |
The price of corn oil in the United States for Q4 2023 reached 1406 USD/MT in December. In China, corn oil prices reached 1676 USD/MT in December. Similarly, the Q4 2023 corn oil price in Germany was 2346 USD/MT.
Corn Oil Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Corn Oil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of corn oil pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of corn oil at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of corn oil price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing corn oil price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Corn Oil Market Analysis
The global corn oil market size reached US$ 6.1 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 11.2 Billion, at a projected CAGR of 6.80% during 2023-2032.
- One of the key drivers of the corn oil industry is increased consumer knowledge of its health and nutritional benefits. Corn oil contains polyunsaturated fats, which are proven to help lower bad cholesterol and lessen the risk of heart disease. It also contains critical fatty acids such as omega-6, which are necessary for keeping healthy skin and hair. The presence of antioxidants such as vitamin E enhances its appeal as a heart-healthy oil, as antioxidants play an important role in fighting free radicals and avoiding oxidative stress. As heart diseases continue to rise and consumers prioritize healthier dietary choices, demand for oils with significant health advantages has increased, making corn oil a popular choice in both families and the food industry. As per US Centers for Disease Control and Prevention, one person dies every 33 seconds from cardiovascular disease. About 695,000 people died from heart disease in 2021—that is 1 in every 5 deaths.
- Apart from its culinary usage, corn oil has numerous industrial applications that fuel market demand. It is commonly utilized in the creation of biodiesel, an environmentally friendly alternative to traditional fossil fuels. The push for renewable energy and environmental practices has increased the demand for biodiesel, which in turn has increased the need for corn oil as a feedstock. Corn oil is often utilized in the production of soaps, cosmetics, and other personal care items because of its moisturizing characteristics and mildness. The expanding cosmetic and personal care market, fueled by rising consumer spending on skincare and wellness items, adds to corn oil's growing market share. As per IMARC Group, the global cosmetics market size reached US$ 400.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 618.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032. This multidimensional utility in the energy and personal care industries demonstrates corn oil's growing commercial appeal.
Corn Oil News
The report covers the latest developments, updates, and trends impacting the global corn oil market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in corn oil production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the corn oil price trend.
Latest developments in the corn oil industry:
- July 10, 2024: Corn oil consumption reached 339 million pounds in April, up from 322 million pounds the previous month and 296 million pounds in April of the previous year. The EIA withheld data on the consumption of corn oil by producer type for April in order to avoid disclosure of individual company data and did not break down corn oil consumption by producer type for April 2023. In March 2024, biodiesel plants consumed 83 million pounds of corn oil while renewable diesel producers consumed 239 million pounds.
- In November 2023, Canada-based cooking oil company Mazola launched new packaging for its vegetable oil products. It includes vegetable oil, corn oil, canola olive oil blend and canola oil.
Product Description
Corn oil is a vegetable oil made from the germ of corn (maize) kernels. It is known for its high smoke point and mild flavor, making it an adaptable component in cooking and food preparation. Corn oil has predominantly polyunsaturated and monounsaturated fats, with a lower percentage of saturated fats than certain other cooking oils. This composition makes it a popular choice among health-conscious consumers looking to improve heart health and lower cholesterol levels. Furthermore, corn oil contains vital fatty acids, particularly omega-6 fatty acids, which are required for many body activities, including skin and hair health. It also includes considerable amounts of vitamin E, an antioxidant that helps protect the body from oxidative stress and supports immunological function.
Regional Coverage
The report provides a detailed analysis of the corn oil market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the corn oil price trend.
Global Corn Oil Price
The report offers a holistic view of the global corn oil pricing trends in the form of corn oil price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of corn oil but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed corn oil demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Corn Oil Price
European corn oil prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed corn oil price information for a comprehensive list of countries.
Region |
Countries Covered |
Europe |
Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Corn Oil Price
The analysis of corn oil prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific corn oil historical data within the United States and Canada can also be provided.
Region |
Countries Covered |
North America |
United States and Canada |
Middle East and Africa Corn Oil Price
The report explores the corn oil pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on corn oil prices for countries can also be provided.
Region |
Countries Covered |
Middle East & Africa |
Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Corn Oil Price
The corn oil pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This corn oil price analysis can be expanded to include a comprehensive list of countries within the region.
Region |
Countries Covered |
Asia Pacific |
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Corn Oil Price
The analysis of corn oil prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
Region |
Countries Covered |
Latin America |
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
Key Attributes |
Details |
Product Name |
Corn Oil |
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Corn Oil Price Analysis, and Segment-Wise Assessment. |
Currency/Units |
US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered |
The current coverage includes analysis at the global and regional levels only.
Based on your requirements, we can also customize the report and provide specific information for the following countries:
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece*
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*
*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
- Company Overview
- Business Description
- Product Portfolio
- Recent Trends and Developments
|
Customization Scope |
The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
- Scope
- Historical Data for the Current Month
- Forecast for Next Month
- Total Deliverables Per Year: 12 (One Per Month)
- Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year
Plan B: Quarterly Updates - Annual Subscription
- Scope
- Historical Data for the Current Quarter
- Forecast for Next Quarter
- Total Deliverables Per Year: 4 (One Per Quarter)
- Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year
Plan C: Biannually Updates - Annual Subscription
- Scope
- Historical Data for the Current Half
- Forecast for the Next Half
- Total Deliverables Per Year: 2 (One Per 6 Months)
- Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
|
Post-Sale Analyst Support |
360-degree analyst support after report delivery |
Delivery Format |
PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of corn oil pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting corn oil price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The corn oil price charts ensure our clients remain at the forefront of the industry.