Vietnam Emerges as the Fastest Growing Maize Importer

Cereals April 11, 2018
World - Maize - Market Analysis, Forecast, Size, Trends and Insights

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IndexBox has just published a new report "World: Maize - Market Report - Analysis And Forecast To •••". Here is a summary of the report’s key findings.

All of the Main Production Countries Increased Their Output

The U.S. was the key world maize producing country with an output of about ••• tonnes in 2016, which accounted for •••% of total global output. The other major producers were China (•••%), Brazil (•••%) and Ukraine (•••%).

In the U.S., production levels increased by •••% annually from 2007 to 2016, however, it dropped by •••% in 2012 by reason of unusually hot year, which damaged the harvest. However, the following year the volume of production increased, having reached the maximum recorded volume since 2007 and has continued its growth over the following years.

The other major producing countries also displayed notable growth of maize output in physical terms. From 2007-2016 annual growth rates were especially high in Ukraine (+••• (+•••%) and China (+•••%).

Approx. •••% of Global Maize Output Is Exported

Maize is a widely traded commodity, with the share of export in total global output being about •••% in 2016. High trade intensity is determined mainly by the substantial distances between the main maize producing countries and consuming countries.

The U.S., Argentina, Brazil and Ukraine Constitute Major Global Maize Exporters

In 2016, the volume of global exports totaled ••• tonnes, which equaled to $•••. In physical terms, it indicated a steady increase from 2007 to 2016. In value terms, global maize exports indicated mixed trend pattern: after peaking in 2012, it started to decline gradually over the next three years, stabilizing only in 2016.

The U.S. (••• tonnes), Argentina (••• tonnes), Brazil (••• tonnes) and Ukraine (••• tonnes) were the main global suppliers of maize in 2016, with a combined share of •••% of global exports. From 2007 to 2016, Ukraine (+•••% per year) remains the fastest growing exporter. 

Exports from Argentina and Brazil grew at more moderate average annual rates of +•••% and +•••%, respectively. Meanwhile, despite soaring from 2014-2016, exports from the U.S. only mirrored its outset level. By contrast, albeit standing among the largest global producers of maize, China did not export much of its production, meaning that it was consumed domestically.

Vietnam Emerged as the Fastest Growing Maize Importer

The value of global imports totaled $••• in 2016. Imports dynamics was generally in line with exports: these trade flows globally complement each other. 

In 2016, Japan (••• tonnes), Mexico (••• tonnes), South Korea (••• tonnes), Vietnam (••• tonnes), Egypt (••• tonnes), Spain (••• tonnes) andColombia (••• tonnes) were the leading markets for maize imports, together making up •••% of global imports. 

Amongst the major importing countries Vietnam had the highest growth rates of imports, with a CAGR of +•••%, followed by Mexico (+•••%), Egypt (+•••%), Colombia (+•••%) and South Korea (+•••%). While Vietnam significantly strengthened its position in terms of the global imports from being practically absend in 2007 to •••% in 2016, the share of Japan and Spaindeclined over the period under review. The shares of the other countries remained relatively stable throughout the analyzed period.

Global Consumption of Maize Went Up Over the Last Nine Years

The global maize market rose by •••% to ••• tonnes in 2016. From 2007 to 2016, the global maize market indicated an upward trend. However, in wholesales prices, the market roller-coasted over the last nine years due to fluctuations in prices, finally amounting to $•••.

The U.S. and China Were the Major Consumers of Maize

The countries with the highest consumption were the U.S. (•••% of global consumption) and China (•••%); the other countries, namely Brazil (•••%), Mexico (•••%), Ukraine (•••%), India (•••%), and Indonesia (•••%) lagged behind in terms of maize consumption.

In China, maize consumption increased robustly at an average annual rate of +•••% from 2007-2016, while in the U.S. the growth was more moderate (+•••% per year). However, the highest annual growth rates of maize consumption from 2007 to 2016 were recorded in Ukraine, with +•••% growth. Following significant consumtion growth rates, Ukraine strengthened its share in terms of the global consumption from •••% in 2007 to •••% in 2016. China and Brazil also increased their share in total consumption at the same extent. By contrast, share of the U.S. declined by ••• percentage points over the period under review.

Amongst the leading consuming countries high levels of per capita consumption levels were recorded in the U.S. (••• kg/year in 2016) and Ukraine (••• kg/year) which were significantly higher than the world average of ••• kg/year. In Ukraine, the growth of per capita consumption (+•••% per year) was the most notable amongst the leaders.

Maize Market Volume Is Expected to Overcome ••• Tonnes in •••

Maize is one of the most popular cereal grains in the world and is used both for animal feed and for manufacturing of various food products. Maize output has been growing over the past few years, leading to surplus grain stocks in some countries, which, in turn, led to a reduction of prices. It is expected that output will continue to grow in the medium term, however, lower prices will force a number of producers to switch to production of other crops. Nevertheless, due to the population growth along with the increasing demand for food products, including the global increase of meat production, the consumption of maize will continue to grow. 

Therefore, the market is expected to grow with a projected CAGR of +•••% for the nine-year period from 2016 to •••, which is foreacasted to lead the market volume to ••• tonnes by the end of •••.

Global Production of Maize Peaked at ••• Tonnes

Production of maize reached ••• tonnes in 2016, with a positive dynamics over the last few years. In 2012 there was observed slight mitigation of production volume due to fall of production in the main producing country – the U.S. It was due to unusually hot and dry year, which was the reason of decline in yield.

Do you want to know more about 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: World: Maize - Market Report. Analysis And Forecast To •••

 

Product coverage: 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 2025.

Country coverage: Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries (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) + the largest producing countries.

Data coverage:
• Market volume and value;
• Per Capita consumption;
• Forecast of the market dynamics in the medium term;
• Production, split by region and country;
• Trade (exports and imports);
• 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
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
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
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
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
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
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 2007–2017
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 2007–2017
9.2 EXPORTS BY COUNTRY
9.3 EXPORT PRICES BY COUNTRY

10. PRICES AND PRICE DEVELOPMENT
The Best Market Prices and Their Trend Patterns
10.1 PRODUCER PRICES
10.2 PRODUCER PRICES INDEX

11. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION

12. COUNTRY PROFILES
The Largest Markets And Their Profiles
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
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 2017
Table 2: Market Volume, In Physical Terms, 2007–2017
Table 3: Market Value, 2007–2017
Table 4: Per Capita Consumption, By Country, 2015-2017
Table 5: Production, In Physical Terms, By Country, 2007–2017
Table 6: Harvested Area, By Country, 2007-2017
Table 7: Yield, By Country, 2007-2017
Table 8: Imports, In Physical Terms, By Country, 2007–2017
Table 9: Imports, In Value Terms, By Country, 2007–2017
Table 10: Import Prices, By Country Of Destination, 2007–2017
Table 11: Exports, In Physical Terms, By Country, 2007–2017
Table 12: Exports, In Value Terms, By Country, 2007–2017
Table 13: Export Prices, By Country Of Origin, 2007–2017
Table 14: Producer Prices, By Major Producing Country, 2017
Table 15: Producer Prices Index - Annual Data (2004-2006 = 100), By Major Producing Country

LIST OF FIGURES
Figure 1: Market Volume, In Physical Terms, 2007–2017
Figure 2: Market Value, 2007–2017
Figure 3: Consumption, By Country, 2017
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, 2007–2017
Figure 18: Production, In Value Terms, 2007–2017
Figure 19: Area Harvested, 2007–2017
Figure 20: Yield, 2007–2017
Figure 21: Production, By Country, 2017
Figure 22: Production, In Physical Terms, By Country, 2007–2017
Figure 23: Harvested Area, By Country, 2017
Figure 24: Harvested Area, By Country, 2007-2017
Figure 25: Yield, By Country, 2007-2017
Figure 26: Imports, In Physical Terms, 2007–2017
Figure 27: Imports, In Value Terms, 2007–2017
Figure 28: Imports, In Physical Terms, By Country, 2017
Figure 29: Imports, In Physical Terms, By Country, 2007–2017
Figure 30: Imports, In Value Terms, By Country, 2007–2017
Figure 31: Import Prices, By Country, 2007–2017
Figure 32: Exports, In Physical Terms, 2007–2017
Figure 33: Exports, In Value Terms, 2007–2017
Figure 34: Exports, In Physical Terms, By Country, 2017
Figure 35: Exports, In Physical Terms, By Country, 2007–2017
Figure 36: Exports, In Value Terms, By Country, 2007–2017
Figure 37: Export Prices, 2007–2017