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

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Article Publishing Date: Sep 7, 2019

African Maize Market Reached $35.1B in 2018, Driven by Rising Demand in South Africa, Egypt, and Nigeria

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

The revenue of the maize market in Africa amounted to $X in 2018, growing by X% 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). The market value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the market value increased by X% against the previous year. Over the period under review, the maize market reached its peak figure level in 2018 and is likely to continue its growth in the near future.

Consumption By Country in Africa

The countries with the highest volumes of maize consumption in 2018 were South Africa (X tonnes), Egypt (X tonnes) and Nigeria (X tonnes), with a combined X% share of total consumption. Ethiopia, Tanzania, Algeria, Zambia, Kenya, Malawi, Mali, Uganda and Morocco lagged somewhat behind, together accounting for a further X%.

From 2007 to 2018, the most notable rate of growth in terms of maize consumption, amongst the main consuming countries, was attained by Mali, while the other leaders experienced more modest paces of growth.

The countries with the highest levels of maize per capita consumption in 2018 were South Africa (X kg per person), Zambia (X kg per person) and Malawi (X kg per person).

From 2007 to 2018, the most notable rate of growth in terms of maize per capita consumption, amongst the main consuming countries, was attained by Mali, while the other leaders experienced more modest paces of growth.

Market Forecast 2019-2025 in Africa

Driven by increasing demand for maize in Africa, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +X% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to X tonnes by the end of 2025.

Production in Africa

In 2018, the production of maize in Africa totaled X tonnes, going up by X% against the previous year. The total output volume increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. The volume of maize production peaked in 2018 and is expected to retain its growth in the near future. The general positive trend in terms of maize output was largely conditioned by resilient growth of the harvested area and a modest increase in yield figures.

In value terms, maize production stood at $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2014 when production volume increased by X% year-to-year. In that year, maize production attained its peak level of $X. From 2015 to 2018, maize production growth remained at a somewhat lower figure.

Production By Country in Africa

The countries with the highest volumes of maize production in 2018 were South Africa (X tonnes), Nigeria (X tonnes) and Ethiopia (X tonnes), with a combined X% share of total production. Egypt, Tanzania, Zambia, Malawi, Uganda, Mali, Kenya, Cameroon and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X%.

From 2007 to 2018, the most notable rate of growth in terms of maize production, amongst the main producing countries, was attained by Mali, while the other leaders experienced more modest paces of growth.

Harvested Area in Africa

In 2018, approx. X ha of maize were harvested in Africa; picking up by X% against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2008 when harvested area increased by X% y-o-y. The level of maize harvested area peaked in 2018 and is expected to retain its growth in the immediate term.

Yield in Africa

The average maize yield stood at X tonne per ha in 2018, increasing by X% against the previous year. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, the maize yield reached its peak figure level at X tonne per ha in 2010; however, from 2011 to 2018, yield remained at a lower figure.

Exports in Africa

In 2018, the amount of maize exported in Africa amounted to X tonnes, falling by -X% against the previous year. In general, maize exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. The volume of exports peaked at X tonnes in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

In value terms, maize exports totaled $X (IndexBox estimates) in 2018. Overall, maize exports, however, continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. In that year, maize exports reached their peak of $X. From 2012 to 2018, the growth of maize exports remained at a lower figure.

Exports by Country

In 2018, South Africa (X tonnes) was the major exporter of maize, committing X% of total exports. It was distantly followed by Uganda (X tonnes), generating a X% share of total exports. The following exporters - Zambia (X tonnes), Tanzania (X tonnes) and Burkina Faso (X tonnes) - together made up X% of total exports.

Exports from South Africa increased at an average annual rate of +X% from 2007 to 2018. At the same time, Tanzania (+X%), Burkina Faso (+X%) and Uganda (+X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter in Africa, with a CAGR of +X% from 2007-2018. By contrast, Zambia (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of South Africa, Uganda, Tanzania and Burkina Faso increased by +X%, +X%, +X% and +X% percentage points, while Zambia (-X p.p.) saw their share reduced.

In value terms, South Africa ($X) remains the largest maize supplier in Africa, comprising X% of total maize exports. The second position in the ranking was occupied by Uganda ($X), with a X% share of total exports. It was followed by Zambia, with a X% share.

In South Africa, maize exports increased at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Uganda (+X% per year) and Zambia (-X% per year).

Export Prices by Country

In 2018, the maize export price in Africa amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the maize export price continues to indicate a drastic deduction. The pace of growth was the most pronounced in 2011 when the export price increased by X% year-to-year. Over the period under review, the export prices for maize reached their peak figure at $X per tonne in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Zambia ($X per tonne), while Burkina Faso ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Zambia, while the other leaders experienced mixed trends in the export price figures.

Imports in Africa

In 2018, the amount of maize imported in Africa amounted to X tonnes, growing by X% against the previous year. The total imports indicated a prominent increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, maize imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, maize imports reached their peak figure in 2018 and are likely to continue its growth in the immediate term.

In value terms, maize imports totaled $X (IndexBox estimates) in 2018. The total imports indicated moderate growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, maize imports decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. The level of imports peaked at $X in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

Egypt was the major importer of maize in Africa, with the volume of imports amounting to X tonnes, which was approx. X% of total imports in 2018. Algeria (X tonnes) held a X% share (based on tonnes) of total imports, which put it in second place, followed by Morocco (X%) and Tunisia (X%). Libya (X tonnes), Kenya (X tonnes) and Senegal (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to maize imports into Egypt stood at +X%. At the same time, Kenya (+X%), Senegal (+X%), Algeria (+X%), Tunisia (+X%), Libya (+X%) and Morocco (+X%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing importer in Africa, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of Egypt, Algeria, Kenya, Morocco and Tunisia increased by +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) constitutes the largest market for imported maize in Africa, comprising X% of total maize imports. The second position in the ranking was occupied by Algeria ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

In Egypt, maize imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Algeria (+X% per year) and Morocco (-X% per year).

Import Prices by Country

In 2018, the maize import price in Africa amounted to $X per tonne, declining by -X% against the previous year. Overall, the maize import price continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. Over the period under review, the import prices for maize attained their peak figure at $X per tonne in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Kenya ($X per tonne) and Senegal ($X per tonne), while Tunisia ($X per tonne) and Libya ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Kenya, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform

Product coverage:
• FCL 56 - Maize

This report provides an in-depth analysis of the maize market in Africa. 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 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Africa, split by region and country
• Trade (exports and imports) in Africa
• 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 2025
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. 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. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2018
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

• Algeria
• Angola
• Benin
• Botswana
• Burkina Faso
• Burundi
• Cabo Verde
• Cameroon
• Central African Republic
• Chad
• Comoros
• Congo
• Democratic Republic of the Congo
• Djibouti
• Egypt
• Equatorial Guinea
• Eritrea
• Ethiopia
• Gabon
• Gambia
• Ghana
• Guinea
• Guinea-Bissau
• Kenya
• Lesotho
• Liberia
• Libya
• Madagascar
• Malawi
• Mali
• Mauritania
• Mauritius
• Mayotte
• Morocco
• Mozambique
• Namibia
• Niger
• Nigeria
• Réunion
• Rwanda
• Saint Helena, Ascension and Tristan da Cunha
• Sao Tome and Principe
• Senegal
• Seychelles
• Sierra Leone
• Somalia
• South Africa
• Sudan
• Swaziland
• Tanzania
• Togo
• Tunisia
• Uganda
• Zambia
• Zimbabwe
• Cote d'Ivoire
• Western Sahara
• South Sudan
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Harvested Area, By Country, 2007-2018
Table 7:
Yield, By Country, 2007-2018
Table 8:
Imports, In Physical Terms, By Country, 2007–2018
Table 9:
Imports, In Value Terms, By Country, 2007–2018
Table 10:
Import Prices, By Country Of Destination, 2007–2018
Table 11:
Exports, In Physical Terms, By Country, 2007–2018
Table 12:
Exports, In Value Terms, By Country, 2007–2018
Table 13:
Export Prices, By Country Of Origin, 2007–2018
Table 14:
Producer Prices, By Major Producing Country, 2018
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
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, 2007–2018
Figure 18:
Production, In Value Terms, 2007–2018
Figure 19:
Area Harvested, 2007–2018
Figure 20:
Yield, 2007–2018
Figure 21:
Production, By Country, 2018
Figure 22:
Production, In Physical Terms, By Country, 2007–2018
Figure 23:
Harvested Area, By Country, 2018
Figure 24:
Harvested Area, By Country, 2007-2018
Figure 25:
Yield, By Country, 2007-2018
Figure 26:
Imports, In Physical Terms, 2007–2018
Figure 27:
Imports, In Value Terms, 2007–2018
Figure 28:
Imports, In Physical Terms, By Country, 2018
Figure 29:
Imports, In Physical Terms, By Country, 2007–2018
Figure 30:
Imports, In Value Terms, By Country, 2007–2018
Figure 31:
Import Prices, By Country, 2007–2018
Figure 32:
Exports, In Physical Terms, 2007–2018
Figure 33:
Exports, In Value Terms, 2007–2018
Figure 34:
Exports, In Physical Terms, By Country, 2018
Figure 35:
Exports, In Physical Terms, By Country, 2007–2018
Figure 36:
Exports, In Value Terms, By Country, 2007–2018
Figure 37:
Export Prices, 2007–2018
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