Canada - Maize - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMaize Price in Canada - 2023
Contents:
- Maize Price in Canada (CIF) - 2023
- Maize Price in Canada (FOB) - 2023
- Maize Imports in Canada
- Maize Exports in Canada
Maize Price in Canada (CIF) - 2023
The average maize import price stood at $63.9 per ton in June 2023, which is down by -74.7% against the previous month. Over the period under review, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in October 2022 an increase of 32% month-to-month. Over the period under review, average import prices attained the peak figure at $445 per ton in February 2023; however, from March 2023 to June 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to -11.5% per month.
Maize Price in Canada (FOB) - 2023
The average maize export price stood at $246 per ton in June 2023, waning by -5.4% against the previous month. Over the period under review, the export price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in January 2023 an increase of 24% m-o-m. As a result, the export price reached the peak level of $381 per ton. From February 2023 to June 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In June 2023, the highest price was recorded for prices to the United States ($264 per ton) and Ireland ($244 per ton), while the average price for exports to the UK ($224 per ton) and Portugal ($224 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+6.4%), while the prices for the other major destinations experienced a decline.
Maize Imports in Canada
In 2022, imports of maize into Canada surged to 4.9M tons, increasing by 71% compared with 2021 figures. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, maize imports surged to $1.5B in 2022. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 81%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Maize in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 509 | 439 | 813 | 1,445 | 41.6% |
| Others | 15.8 | 13.5 | 4.9 | 5.4 | -30.1% |
| Total | 525 | 452 | 818 | 1,450 | 40.3% |
Top Suppliers of Maize to Canada in 2022:
- United States (4.9M tons)
Maize Exports in Canada
In 2022, the amount of maize exported from Canada surged to 2.1M tons, jumping by 23% compared with 2021 figures. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +19.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 48%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, maize exports surged to $700M in 2022. In general, exports posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 97%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Maize in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 75.3 | 69.8 | 129 | 216 | 42.1% |
| United States | 82.7 | 110 | 126 | 128 | 15.7% |
| Spain | 45.8 | 19.7 | 103 | 108 | 33.1% |
| United Kingdom | 32.3 | 30.5 | 75.5 | 105 | 48.1% |
| Portugal | N/A | 5.1 | 26.6 | 52.1 | 219.6% |
| Japan | N/A | N/A | 23.9 | 40.7 | 70.3% |
| Netherlands | 5.4 | 13.5 | 5.8 | 34.4 | 85.4% |
| Others | 0.3 | 0.6 | 0.7 | 14.4 | 263.4% |
| Total | 242 | 249 | 492 | 700 | 42.5% |
Top Export Markets for Maize from Canada in 2022:
- Ireland (722.6K tons)
- United Kingdom (353.0K tons)
- Spain (331.6K tons)
- United States (241.4K tons)
- Portugal (159.4K tons)
- Japan (120.9K tons)
- Netherlands (99.7K tons)
This report provides an in-depth analysis of the maize market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the maize market in Canada.
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