India - Maize - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMaize Price in India - 2023
Contents:
- Maize Price in India (FOB) - 2023
- Maize Price in India (CIF) - 2022
- Maize Exports in India
- Maize Imports in India
Maize Price in India (FOB) - 2023
The average maize export price stood at $278 per ton in July 2023, growing by 5.2% against the previous month. In general, the export price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in March 2023 an increase of 11% m-o-m. The export price peaked at $381 per ton in September 2022; however, from October 2022 to July 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In July 2023, the countries with the highest prices were Sri Lanka ($346 per ton) and Malaysia ($301 per ton), while the average price for exports to Nepal ($248 per ton) and Vietnam ($272 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (0.0%), while the prices for the other major destinations experienced a decline.
Maize Price in India (CIF) - 2022
The average maize import price stood at $624 per ton in 2022, with an increase of 7% against the previous year. In general, the import price, however, saw a mild decline. The pace of growth was the most pronounced in 2021 an increase of 109% against the previous year. The import price peaked at $1,018 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Ukraine ($871 per ton) and the United States ($756 per ton), while the price for Turkey ($585 per ton) and South Africa ($613 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+28.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Maize Exports in India
In 2022, after three years of growth, there was decline in shipments abroad of maize, when their volume decreased by -4.7% to 3.4M tons. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 360% against the previous year.
In value terms, maize exports skyrocketed to $1.1B in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 171%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Maize in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 13.7 | 234 | 349 | 576 | 247.7% |
| Vietnam | 1.2 | 8.3 | 311 | 235 | 480.7% |
| Nepal | 83.8 | 112 | 134 | 127 | 14.9% |
| Malaysia | 0.1 | 1.8 | 67.7 | 66.4 | 772.4% |
| Sri Lanka | 0.2 | N/A | 4.3 | 46.8 | 516.2% |
| Others | 44.9 | 33.0 | 70.1 | 67.4 | 14.5% |
| Total | 144 | 389 | 936 | 1,118 | 98.0% |
Top Export Markets for Maize from India in 2022:
- Bangladesh (1781.0K tons)
- Vietnam (784.0K tons)
- Nepal (418.4K tons)
- Malaysia (223.7K tons)
- Sri Lanka (139.9K tons)
Maize Imports in India
For the third year in a row, India recorded decline in supplies from abroad of maize, which decreased by -23.9% to 19K tons in 2022. In general, imports continue to indicate a precipitous shrinkage.
In value terms, maize imports fell remarkably to $12M in 2022. Overall, imports showed a precipitous setback. The smallest decline of -15.4% was in 2020.
| Import of Maize in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 4.8 | 3.8 | 8.1 | 7.8 | 17.6% |
| Argentina | 1.9 | 2.5 | 2.3 | 1.8 | -1.8% |
| United States | 2.3 | 0.9 | 2.7 | 0.9 | -26.9% |
| Brazil | 3.5 | 3.2 | 0.5 | 0.7 | -41.5% |
| Turkey | N/A | N/A | N/A | 0.3 | 0% |
| Singapore | 0.2 | 10.3 | N/A | N/A | 5050.0% |
| Myanmar | 13.0 | 42.0 | 0.5 | N/A | -80.4% |
| Ukraine | 50.5 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 1.8 | 0.1 | N/A | -42.3% |
| Total | 76.5 | 64.7 | 14.2 | 11.6 | -46.7% |
Top Suppliers of Maize to India in 2022:
- Ukraine (undefinedK tons)
- South Africa (12.8K tons)
- Argentina (2.8K tons)
- United States (1.3K tons)
- Brazil (1.1K tons)
- Turkey (0.6K tons)
This report provides an in-depth analysis of the maize market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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
-
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 India.
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This report provides an in-depth analysis of the grain market in India.
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This report provides an in-depth analysis of the global maize market.
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This report provides an in-depth analysis of the global grain market.
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This report provides an in-depth analysis of the maize market in India.
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This report provides an in-depth analysis of the global maize market.
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In November 2022, the rate of growth for Maize was outstanding, reaching an impressive 236% increase compared to the previous month. However, by July 2023, the value of maize exports experienced a significant decline, plummeting to just $59M.
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The global maize market contracted to $404.6B in 2021, declining by -6.1% against the previous year.
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The global maize market is expected to reach a production volume of more than 1.2 billion metric tons by the end of 2025.
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In 2022, corn prices are projected to drop by approximately 10% y/y due to an expected all-time record high global production, which is to reach 1.2B tons. This forecast is subject to a number of risks, such as volatile fertilizer and energy prices, high freight rates, biofuel policies and weather conditions.
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Driven by rising demand from the food industry and favourable weather, global corn production increased significantly in 2020. The rise in prices made the raw corn-based production of bioethanol unprofitable amid the low cost of traditional fuels due to the pandemic, resulting in the closure of some distilleries. In the future, the growing demand for alternative fuels is expected to offset this shift and promote the corn market.
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Global Maize Market: In 2017, the global maize market amounted to X tons, posting solid average +X% gains over the last decade. Since 2013, consumption growth has accelerated, against rising demand and a long
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The U.S. was the key world maize producing country with an output of about X tons in 2016, which accounted for X% of total global output. The other major producers were China (X%), Brazil (X%) and Ukraine (X>
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Global maize consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
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In 2015, the countries with the highest levels of maize production were the United States (X thousand tons), China (X thousand tons), Brazil (X thousand tons), together accounting for X% of total output.
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