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World - Maize - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

World - Maize - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Jul 7, 2022

Maize Market Outlook: Production, Trends, Prices and Forecast 2022

The maize market is one of the most important agricultural markets in the world. In this report, we'll take a comprehensive look at the current state of the maize market, including production and trends, prices and forecasts for the next five years.

The Different Types of Maize

There are three main types of maize: field corn, sweet corn, and popcorn. Field corn is the type of maize that is grown for animal feed and other industrial uses. Sweet corn is the type that is eaten as a vegetable. Popcorn is a type of maize that is popped and eaten as a snack food.

Maize is grown in many different parts of the world. The United States, Brazil, and Mexico are the top three producers of maize. Other major producers include Argentina, China, and India.

Maize prices have been volatile in recent years. The price of maize reached a high of $8 per bushel in 2012, but then fell to a low of $3 per bushel in 2016. Prices have been rising again since then and are currently around $4 per bushel.

The outlook for the maize market is positive. Production is expected to increase in the coming years, driven by strong demand from China and other Asian countries. Prices are forecast to rise to $6 per bushel by 2023.

The Global Maize Market

The global maize market is expected to reach a production volume of more than 1.3 billion metric tons by the end of 2025, according to IndexBox data. The market is further projected to register a CAGR of 1.5% during the forecast period (2022-2025). The rising demand for animal feed and biofuels is anticipated to drive the growth of the market.

Maize is a widely cultivated crop in the world, with China, Brazil, and the United States being the major producers. The United States is the largest exporter of maize, followed by Brazil and Argentina. Mexico is the largest importer of maize, followed by Japan and South Korea.

The prices of maize have been volatile in recent years. The increase in production costs and the decline in global demand are some of the major factors that have affected the prices. The average price of maize was $169 per metric ton in 2018. However, it is expected to decline to $164 per metric ton by 2025.

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Maize Production in the United States

Maize is a major crop in the United States and is grown in many states across the country. The main states that produce maize are Illinois, Iowa, Nebraska, and Indiana. These four states produce around two-thirds of the total maize crop in the United States.

Maize production in the United States has been increasing in recent years. In 2018, the United States produced a record amount of maize, with 14.2 billion bushels being harvested. This was an increase of 1 billion bushels from the previous year. The increase in production was due to higher yields, as farmers planted more acres of maize.

The United States is the world's largest producer of maize. China is the second-largest producer, followed by Brazil and Mexico. Maize is a popular food crop in many countries and is used to make many different products, such as flour, cornmeal, and animal feed.

Prices and Forecast

The maize market is expected to see some price volatility in the coming year. The main drivers of this volatility will be production levels and global demand.

Production levels are expected to be lower than last year, due to reduced acreage planted and some adverse weather conditions in key growing areas. This will put upward pressure on prices. However, global demand is also expected to be lower, due to the continued slowdown in the Chinese economy. This will act as a countervailing force, keeping prices from rising too much.

Overall, prices are expected to be higher than last year, but not by a large margin. The exact level of prices will depend on how production and demand develop over the course of the year.

Maize Market Trends

The maize market is currently experiencing a number of trends. One trend is the increasing demand for organic maize. This is due to the growing health consciousness of consumers who are looking for alternatives to conventional products. Another trend is the increasing demand for yellow maize. This is because yellow maize is considered to be more nutritious than other types of maize.

Prices for maize have been rising in recent years, due to the increasing demand from China and India. The United States is the largest producer of maize, followed by Brazil and Argentina. The majority of the world's maize is used for animal feed. However, a significant portion is also used for human consumption, especially in developing countries.

Looking forward, the global maize market is forecast to continue growing. This will be driven by the growing demand from China and India, as well as other emerging markets.

How the US-China Trade Affects the Global Maize Market

The ongoing trade dispute between the United States and China is having a major impact on the global maize market.

China is the world's largest importer of maize, and the tariffs that have been imposed by the Chinese government on US imports are having a significant impact on prices. Maize prices have risen sharply in recent months as a result of the tariffs.

The trade dispute is also having an impact on production. US farmers are expected to plant fewer acres of maize as a result of the tariffs. This could lead to a decrease in global production, which would put even more upward pressure on prices.

The situation is fluid and it remains to be seen how it will all play out. However, the trade dispute is likely to continue to have a major impact on the global maize market in the months and years ahead.

Biodiesel and Demand for Maize

The demand for maize has increased in recent years due to the increasing popularity of biodiesel. As a result, the price of maize has also increased.

Biodiesel is a type of fuel made from renewable resources, such as vegetable oils. It is a cleaner-burning alternative to diesel fuel, and it can be used in any diesel engine.

Biodiesel is made by combining an alcohol with an oil. The most common type of alcohol used is methanol. The most common type of oil used is soybean oil. However, other oils, such as maize oil, can also be used.

In the United States, most of the maize crop is used for animal feed. However, a small portion of the crop is used to make ethanol, which is a type of alcohol that can be used as a fuel.

The demand for maize is expected to continue to increase in the future as more countries adopt policies to reduce greenhouse gas emissions. Biodiesel and ethanol are both renewable fuels that emit fewer greenhouse gases than petrol and diesel made from petroleum. As the demand for maize increases, so does the price. The price of maize has more than doubled since 2006. This increase in price is due to the increased demand for biodiesel and ethanol.

Top Maize Companies in the World

There are many large companies that produce maize. Some of the top maize companies in the world include Cargill, Archer Daniels Midland Company, Bunge Limited, and Syngenta. These companies produce maize for use in food, animal feed, and biofuels.

Cargill is one of the largest agricultural companies in the world. They produce maize for food, animal feed, and biofuels. Cargill has operations in over 70 countries and employs over 150,000 people.

Archer Daniels Midland Company is another large company that produces maize. They are based in the United States and have operations in over 60 countries. Archer Daniels Midland Company produces maize for food, animal feed, and ethanol production.

Bunge Limited is a large company that produces maize, wheat, soybeans, and other crops. They have operations in over 40 countries and employ over 32,000 people. Bunge Limited produces maize for food, animal feed, and biofuels.

Syngenta is a Swiss company that produces maize for food and animal feed. Syngenta has operations in over 90 countries and employs over 26,000 people.

Source: IndexBox Market Intelligence Platform

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.

Product coverage:

  • FCL 56 - Maize

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Viterra, Cargill, Bunge, Dreyfus, Archer Daniels Midland Company, Krasnodaragroalliance, TPK Varna, Maize Corporation, Westland Corporation, Kyodo Yushi Manufacturing Americas, ICAMED, SEA, Genesis Harvest Trade & Co, Adjacent Properties Corp, Genuine Energy Inc, UBiquitousGCS LLC International Import Export, F. Garcia, Calgrain Corporation, Star Trading Inc., Dcosta Padma, Monzelle Commodities, Daah Volta Farms, Triumph Global, Agtrium International, Leo Taurus Corp., Macvern Distribution Limited, Adjacent Properties Corp.

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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • 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

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Harvested Area, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Area Harvested, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Harvested Area, By Country, 2023
    25. Harvested Area, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

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