Spain - Maize - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMaize Price in Spain - 2023
Contents:
- Maize Price in Spain (CIF) - 2022
- Maize Price in Spain (FOB) - 2023
- Maize Imports in Spain
- Maize Exports in Spain
Maize Price in Spain (CIF) - 2022
The average maize import price stood at $327 per ton in 2022, rising by 25% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 29%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($380 per ton) and France ($352 per ton), while the price for Ukraine ($300 per ton) and Canada ($305 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
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Maize Price in Spain (FOB) - 2023
In June 2023, the average maize export price amounted to $663 per ton, therefore, remained relatively stable against the previous month. Over the period under review, the export price saw a deep setback. The pace of growth was the most pronounced in March 2023 an increase of 114% m-o-m. As a result, the export price reached the peak level of $1,528 per ton. From April 2023 to June 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was France ($5,030 per ton), while the average price for exports to the UK ($422 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Maize Imports in Spain
In 2022, the amount of maize imported into Spain skyrocketed to 11M tons, rising by 36% on 2021 figures. The total import volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, maize imports soared to $3.7B in 2022. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Maize in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 561 | 431 | 478 | 1,364 | 34.5% |
| Ukraine | 744 | 514 | 597 | 952 | 8.6% |
| France | 282 | 355 | 412 | 489 | 20.1% |
| Romania | 170 | 166 | 349 | 320 | 23.5% |
| United States | 3.9 | 3.0 | 0.3 | 191 | 265.9% |
| Canada | 54.1 | 19.0 | 74.1 | 100 | 22.7% |
| Portugal | 19.8 | 23.7 | 26.8 | 70.0 | 52.3% |
| Bulgaria | 34.9 | 39.4 | 56.2 | 47.7 | 11.0% |
| Serbia | 22.2 | 52.0 | 69.0 | 8.4 | -27.7% |
| Others | 53.0 | 44.2 | 115 | 134 | 36.2% |
| Total | 1,946 | 1,647 | 2,177 | 3,676 | 23.6% |
Top Suppliers of Maize to Spain in 2022:
- Serbia (undefinedM tons)
- Brazil (4.3M tons)
- Ukraine (3.2M tons)
- France (1.4M tons)
- Romania (0.9M tons)
- United States (0.5M tons)
- Canada (0.3M tons)
- Portugal (0.2M tons)
- Bulgaria (0.1M tons)
Maize Exports in Spain
After two years of decline, overseas shipments of maize increased by 35% to 150K tons in 2022. In general, exports, however, showed a relatively flat trend pattern.
In value terms, maize exports soared to $115M in 2022. The total export value increased at an average annual rate of +13.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Maize in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 22.2 | 19.3 | 27.8 | 30.0 | 10.6% |
| Portugal | 13.6 | 34.7 | 18.9 | 26.2 | 24.4% |
| United Kingdom | 10.2 | 1.5 | 8.2 | 11.6 | 4.4% |
| Turkey | 5.2 | 8.4 | 5.3 | 8.3 | 16.9% |
| Belgium | 2.5 | 0.4 | 0.2 | 6.3 | 36.1% |
| Italy | 4.3 | 5.7 | 6.2 | 4.7 | 3.0% |
| Romania | 1.2 | 2.4 | 2.1 | 4.3 | 53.0% |
| Morocco | 1.5 | 3.2 | 2.8 | 4.2 | 40.9% |
| Egypt | 1.8 | 0.9 | 1.2 | 1.7 | -1.9% |
| Others | 15.9 | 17.1 | 13.5 | 17.4 | 3.1% |
| Total | 78.5 | 93.5 | 86.2 | 115 | 13.6% |
Top Export Markets for Maize from Spain in 2022:
- Portugal (39.2K tons)
- United Kingdom (31.5K tons)
- France (19.2K tons)
- Belgium (19.1K tons)
- Turkey (16.7K tons)
- Romania (3.3K tons)
- Egypt (2.8K tons)
- Italy (2.5K tons)
- Morocco (2.5K tons)
This report provides an in-depth analysis of the maize market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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 Spain.
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