U.S. - Maize - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMaize Price in the United States - 2023
Contents:
- Maize Price in the United States (FOB) - 2023
- Maize Price in the United States (CIF) - 2022
- Maize Exports in the United States
- Maize Imports in the United States
Maize Price in the United States (FOB) - 2023
The average maize export price stood at $295 per ton in July 2023, shrinking by -2.7% against the previous month. Over the period under review, the export price recorded a mild downturn. The growth pace was the most rapid in October 2022 when the average export price increased by 4.2% month-to-month. Over the period under review, the average export prices reached the peak figure at $351 per ton in November 2022; however, from December 2022 to July 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In July 2023, the highest price was recorded for prices to Colombia ($395 per ton) and Honduras ($300 per ton), while the average price for exports to Canada ($276 per ton) and Japan ($278 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 Colombia (-0.3%), while the prices for the other major destinations experienced a decline.
Maize Price in the United States (CIF) - 2022
In 2022, the average maize import price amounted to $538 per ton, with an increase of 8.8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 52% against the previous year. As a result, import price reached the peak level of $787 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($5,306 per ton), while the price for Romania ($284 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Maize Exports in the United States
After three years of growth, overseas shipments of maize decreased by -16.2% to 58M tons in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +11.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, the exports attained the peak of 69M tons, and then shrank remarkably in the following year.
In value terms, maize exports dropped slightly to $19B in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 98% against the previous year. As a result, the exports attained the peak of $19B, leveling off in the following year.
| Export of Maize in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.1 | 1.2 | 5.1 | 5.2 | 273.3% |
| Mexico | 2.8 | 2.7 | 4.8 | 5.0 | 21.3% |
| Japan | 2.0 | 1.9 | 3.2 | 3.0 | 14.5% |
| Canada | 0.5 | 0.4 | 0.8 | 1.5 | 44.2% |
| Colombia | 0.7 | 0.9 | 1.1 | 1.0 | 12.6% |
| South Korea | 0.4 | 0.6 | 0.9 | 0.5 | 7.7% |
| Taiwan (Chinese) | 0.2 | 0.2 | 0.4 | 0.3 | 14.5% |
| Guatemala | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Others | 1.2 | 1.5 | 2.5 | 2.2 | 22.4% |
| Total | 8.0 | 9.6 | 19.0 | 19.0 | 33.4% |
Top Export Markets for Maize from the United States in 2022:
- China (16.1M tons)
- Mexico (15.5M tons)
- Japan (9.0M tons)
- Canada (4.9M tons)
- Colombia (3.0M tons)
- South Korea (1.4M tons)
- Guatemala (1.0M tons)
- Taiwan (Chinese) (0.8M tons)
Maize Imports in the United States
In 2022, the amount of maize imported into the United States declined to 605K tons, with a decrease of -7.1% against the previous year's figure. Over the period under review, imports faced a deep setback. The smallest decline of -6.5% was in 2021.
In value terms, maize imports totaled $326M in 2022. Overall, imports saw a noticeable shrinkage. The growth pace was the most rapid in 2021 with an increase of 1.4%.
| Import of Maize in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 82.6 | 108 | 124 | 127 | 15.4% |
| Argentina | 70.0 | 84.4 | 85.6 | 66.2 | -1.8% |
| Chile | 71.1 | 66.1 | 53.4 | 51.3 | -10.3% |
| Brazil | 94.5 | 14.1 | 37.1 | 47.8 | -20.3% |
| Mexico | 18.2 | 20.3 | 10.4 | 13.2 | -10.2% |
| Romania | 5.5 | 12.6 | N/A | 10.2 | 22.9% |
| Paraguay | 18.3 | N/A | N/A | N/A | 0% |
| Others | 11.0 | 12.0 | 11.7 | 10.0 | -3.1% |
| Total | 371 | 318 | 322 | 326 | -4.2% |
Top Suppliers of Maize to the United States in 2022:
- Canada (234.6K tons)
- Argentina (170.1K tons)
- Brazil (125.7K tons)
- Romania (36.1K tons)
- Mexico (25.7K tons)
- Chile (9.7K tons)
This report provides an in-depth analysis of the maize market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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