Maize Oil Market in the United States
In value terms, maize oil production dropped to $ in . Overall, the total production indicated tangible growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2019 indices. The pace of growth was the most pronounced in 2008 when the production volume increased by %. As a result, production reached the peak level of $. From 2009 to , production growth remained at a somewhat lower figure.
The value of the maize oil market in the United States contracted to $ in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a moderate increase. Over the period under review, the market hit record highs at $ in , and then declined modestly in the following year.