What is the price of maize (corn) oil per kilogram/pound in China today?
The retail price range for China maize (corn) oil is between US$ 1.96 and US$ 3.43 per kilogram or between US$ 0.89 and US$ 1.55 per pound(lb). Click here to see today's exact prices of maize (corn) oil in China
The retail price range in Yuan Renminbi for maize (corn) oil is between CNY 13.73 and CNY 24.03 per kilogram or between CNY 6.23 and CNY 10.90 per pound(lb) in Beijing and Shanghai.
Wholesale prices
In 2024, the approximate wholesale price range for China maize (corn) oil is between US$ 1.37 and US$ 2.40 per kilogram or between US$ 0.62 and US$ 1.09 per pound(lb).
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China Maize (corn) Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Maize (Corn) Oil from China has seen a steady decline over the last five years. In 2012, the price was 1.88 US dollars per kg, and by 2016, it had dropped to 1.10 US dollars per kg. In 2017, the price rose slightly to 1.30 US dollars per kg, before dropping again to 1.11 US dollars per kg in 2018. In 2019, the price rose to 1.17 US dollars per kg, and in 2020, it increased to 1.31 US dollars per kg. The most recent data shows that in 2021, the export price per kilogram of Maize (Corn) Oil from China was 1.79 US dollars per kg. Based on this data, it is likely that the export price per kilogram of Maize (Corn) Oil from China will continue to increase in the coming years, with an estimated price of 2.13 US dollars per kg in 2022. Predicted prices for 2023 and 2024 are 2.47 US dollars per kg and 2.81 US dollars per kg respectively.The China maize (corn) oil exports are classified as:
- Maize oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151529)
- Crude maize oil (HS code 151521)
China Maize (corn) Oil Import Prices - Historical, Trends and Prediction
The import price of Maize (Corn) Oil into China has seen a steady decline over the last five years. In 2012, the import price per kilogram was $1.88, which dropped to $1.71 in 2013. This trend continued in 2014, when the price fell to $1.83, and then to $1.65 in 2015. The price then dropped significantly in 2016, to $1.10, and then rose slightly to $1.30 in 2017. In 2018, the price decreased again to $1.11, and then rose to $1.17 in 2019. The price then increased to $1.31 in 2020, before reaching its highest point in 2021 at $1.79. The most recent data shows that the import price per kilogram of Maize (Corn) Oil into China was $2.13 in 2022. Based on the data, it is likely that the import price of Maize (Corn) Oil into China will continue to fluctuate in the coming years. Predictions for 2023 and 2024 suggest that the import price per kilogram will be $1.90 and $1.95 respectively.Export values for China maize (corn) oil
The total values in export for maize (corn) oil in China were US$ 7,187, US$ 11,955, US$ 10,829 and US$ 4,881 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in China: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of maize (corn) oil in other countries across Asia: Kazakhstan maize (corn) oil, Kyrgyzstan maize (corn) oil, Tajikistan maize (corn) oil, Turkmenistan maize (corn) oil, Uzbekistan maize (corn) oil, China maize (corn) oil, Hong Kong maize (corn) oil, Macao maize (corn) oil, North Korea maize (corn) oil & Mongolia maize (corn) oil.
China maize (corn) oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 China sold 4,174 tonnes of maize (corn) oil. For 2019 alone, the market for China maize (corn) oil (processed category) has decreased, flactuating by -57.19 % compared to the year 2018. Between 2017 and 2019, maize (corn) oil's exports decreased by -59.19 pc netting the exporter US$4.88m for the year 2019. China's maize (corn) oil exports are classified as:
- Maize oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151529)
- Crude maize oil (HS code 151521)
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China maize (corn) oil export values
In 2019, China sold maize (corn) oil worth 4.88m USD, a drop of -54.94% from 2018's total maize (corn) oil export of 10.829m USD. The yearly change in value of China maize (corn) oil between 2017 to 2018 was -9.419 percent.
The per year variation in the volume of China's maize (corn) oil exports between 2017 and 2019 was -59.19 per cent in comparison to a variation of -57.19% in the period between 2018 and 2019.
China's share of the world's total maize (corn) oil's exports in 2019 was less than 1%. The country is ranked position 26 in world exports of maize (corn) oil.
Export markets for China maize (corn) oil ( in '000$ )
China's best performing export markets for maize (corn) oil are Hong Kong, Singapore, the Philippines, Macao and South Korea.
Import/Export Trends
China is a net importer of maize (corn) oil. The annual growth of China maize (corn) oil in value between 2015 to 2019 was -37%, per year, while annual growth in quantity during the same period was -38%, per annum.
China purchased 2,107 tonnes of maize (corn) oil in 2019.