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World - Maize - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Sep 25, 2018

Global Maize Market - Animal Feed and Biofuel Sectors to Drive Consumption

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IndexBox has just published a new report "World - Maize - Market Analysis, Forecast, Size, Trends and Insights". Here is a summary of the report’s key findings

Maize Consumption Has Recently Seen Significant Increases 

In 2017, the global maize market amounted to X tonnes, posting solid average +X% gains over the last decade. Since 2013, consumption growth has accelerated, against rising demand and a long-term fall in prices, induced by the slump in energy prices.

In value terms, the market stood at $X, recovering by X% in comparison to 2016 figures. Over the last two years, the value of the maize market recovered from the sharp decline seen in 2015, which corresponded to a decrease in prices. After peaking at a figure of $X in 2013, the market saw tangible contractions over the subsequent two year period; it then recorded a robust upward trend from 2015 to 2017, increasing by +X% against 2015 indices. In 2017, the market still remained slightly lower than the maximum level recorded in 2013. The most noticeable rate of growth was recorded in 2012 when it surged by X% y-o-y.

China and the U.S. Account for More than X% of Global Maize Consumption

The U.S. (X tonnes), China (X tonnes) and Brazil (X tonnes) constituted the countries with the highest volume of consumption, accounting solely for approx. X% of global consumption. The other countries lagged tangibly behind: Mexico (X tonnes), India (X tonnes), Indonesia (X tonnes), and Argentina (X tonnes).

The highest average annual rates of growth with regard to maize consumption from 2007 to 2017 were recorded in Argentina (+X%), China, with +X% growth, and Indonesia, with + X% growth. 

Amongst the leading consuming countries, high per capita consumption levels were recorded in the U.S. (X tonne per person in 2017), significantly higher than the world average of X kg per capita. In this country, per capita consumption grew with a CAGR of +X% over the period from 2007-2017. However, the most notable growth in per capita consumption from 2007 to 2017 was recorded in Argentina (X kg pp), with a figure of +X% per year, on average. India (X kg per person) and Indonesia (X kg per person) recorded the lowest volumes of maize per capita consumption.

Maize Consumption Is to Continue Moderate-to-Fast Growth, Against Rising Meat and Bioethanol consumption  

Maize consumption is dependent on its price competitiveness and the production of meat, poultry and biofuel. Countries with a large and growing Latin American population are also consuming more maize than the average recorded figure, for food. This mostly affects consumption in Brazil, the U.S. and Mexico. 

Meat consumption is expected to be gaining in volume worldwide, particularly in Asia; this would boost demand for maize, one of the most popular livestock feeds. As such, Brazil, the U.S. and China account for almost X% of the world cattle stock and are the largest maize consumers. Meat is a relatively expensive product, so income growth is essential to spur an increase in demand – this is set to rise in China by X% annually in the short-to-medium term. 

More than X% of all bioethanol produced is made of starch, for which maize is the most popular ingredient. Demand for bioethanol is expected to be expanding rapidly in the years to come. This would have a considerable impact on maize consumption and demand, as X% of all maize produced globally is used for biofuel production.

However, maize has closely-related and easily interchangeable substitutes both for feed and fuel production, which might decelerate growth if these would appear to be more competitive at a certain point. As such, some Chinese producers are starting to switch to soybean and wheat production, as Chinese maize prices are too high to be competitive, but imports, in addition, are also limited. Therefore, the growth of Chinese demand for maize is expected to slow down gradually, thereby hampering the global market growth, to some extent. 

With the increasing global demand for maize, and a potential slump in demand from China in the future, the market volume is expected to maintain a positive dynamic but with a weaker trend. Market performance is forecast to grow with an anticipated CAGR of +X% for the period from 2018 to 2025, which is expected to lead the market volume to X tonnes by 2025.

Maize Production Growth Accelerated 

Maize production reached X tonnes in 2017; a relatively flat trend from 2007-2012 was followed by a period of rapid growth through to 2017, accelerated by increased consumption as a result of competitively low global maize prices. In value terms, global maize production was estimated  at $X in 2017, a result of the dramatic surge observed in both 2015 and 2016. The value of production overall has remained very unstable, with mostly X y-o-y percentage changes.

Russia and Ukraine Have Intensively Increased Maize Output 

The U.S., China and Brazil remain the key world maize producing countries, with an output of approx. X tonnes in 2017, which accounted for X% of the global output. The other major producers each hold a share of less than X percent of global output.

Over the period from 2007-2017, the volume of production in China increased by +X% annually; this figure was a +X% increase in Brazil and a mere +X% in the U.S., largely due to the favourable economic conditions and the expansion of major downstream industries (cattle, poultry, hogs production, biofuel manufacturing). The other leaders also experienced high paces of production growth: Russia (+X% per year), Ukraine (+X% per year), and Argentina (+X% per year).

Approx. X% of Global Production of Maize Is Exported

Maize is not a widely traded commodity, and the trade volumes accounted for approx. X% of global production. This can be largely explained by the relative simplicity of maize production and the crop’s tangible ability to adapt to different climates and geographic locations. Therefore, most of the produced maize is consumed domestically.

Ukraine, Russia, Romania and India Increased Maize Exports  

In 2017, the volume of global maize exports totalled X tonnes, a decrease of X% against the previous  year. The overall trend observed from 2007-2011 has remained relatively flat, but a period of growth concluded with a spike in 2015. 

The U.S. (X tonnes), Argentina (X tonnes), Ukraine (X tonnes) and Brazil (X tonnes) were the main global suppliers of maize, with a combined share of X% of global exports. They were followed by India, Russia, France and Romania, each accounting for about X% of global exports. From 2007 to 2017, Russia (+X%), Ukraine (+X% per year), Romania (+X%) and India (+X%) were the fastest growing suppliers amongst the major exporters. Despite being one of the largest global producers of maize, China did not export much of their production, meaning that it was either domestically consumed, or put in storage.

While the share of the Argentina (+X percentage points), Russia (+X percentage points), Romania and India (+X percentage points, each) increased, the share of the U.S. fell from X% in 2007, to X% in 2017. The shares of the other countries remained relatively stable throughout the analyzed period.

Mexico and Japan Remain the Largest Importers of Maize

The volume of global imports totaled X tonnes in 2017. The trend pattern with regard to imports practically mirrored that of exports, as these trade flows complement each other an a global scale. 

In 2017, Mexico (X tonnes) and Japan (X tonnes) remained the leading destinations for maize imports, together making up X% of global imports. They were followed by South Korea (X%), Egypt (X%) and Vietnam (X%). Amongst the major importing countries, Viet Nam (+X% per year) gained the highest annual rates of growth from 2007 to 2017. Mexico has also increased its imports, while Japan has seen them decrease slightly. Viet Nam (+X percentage points) and Mexico (+X percentage point) increased their shares, while Japan (-X percentage points) and South Korea (-X percentage points) saw their shares reduced. The shares of the other countries have continued to increase relatively robustly. 

Do you want to know more about the global maize market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • maize market share
  • maize prices
  • maize industry
  • maize sales
  • maize import
  • maize export
  • maize market forecast
  • maize price forecast
  • key maize producers

Source: IndexBox AI Platform

Product coverage:
• FCL 56 - Maize

This report provides an in-depth analysis of the global maize market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Harvested Area, By Country, 2007-2019
Table 7:
Yield, By Country, 2007-2019
Table 8:
Imports, In Physical Terms, By Country, 2007–2019
Table 9:
Imports, In Value Terms, By Country, 2007–2019
Table 10:
Import Prices, By Country Of Destination, 2007–2019
Table 11:
Exports, In Physical Terms, By Country, 2007–2019
Table 12:
Exports, In Value Terms, By Country, 2007–2019
Table 13:
Export Prices, By Country Of Origin, 2007–2019
Table 14:
Producer Prices, By Major Producing Country, 2019
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2019
Figure 18:
Production, In Value Terms, 2007–2019
Figure 19:
Area Harvested, 2007–2019
Figure 20:
Yield, 2007–2019
Figure 21:
Production, By Country, 2019
Figure 22:
Production, In Physical Terms, By Country, 2007–2019
Figure 23:
Harvested Area, By Country, 2019
Figure 24:
Harvested Area, By Country, 2007-2019
Figure 25:
Yield, By Country, 2007-2019
Figure 26:
Imports, In Physical Terms, 2007–2019
Figure 27:
Imports, In Value Terms, 2007–2019
Figure 28:
Imports, In Physical Terms, By Country, 2019
Figure 29:
Imports, In Physical Terms, By Country, 2007–2019
Figure 30:
Imports, In Value Terms, By Country, 2007–2019
Figure 31:
Import Prices, By Country, 2007–2019
Figure 32:
Exports, In Physical Terms, 2007–2019
Figure 33:
Exports, In Value Terms, 2007–2019
Figure 34:
Exports, In Physical Terms, By Country, 2019
Figure 35:
Exports, In Physical Terms, By Country, 2007–2019
Figure 36:
Exports, In Value Terms, By Country, 2007–2019
Figure 37:
Export Prices, 2007–2019

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