Argentina: Maize Market Overview 2021

Maize Market Size in Argentina

The Argentinian maize market amounted to $X in 2018, stabilizing at the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2017, and then totaled in the following year.

Maize Production in Argentina

In value terms, maize production declined dramatically to $X in 2019 estimated in export prices. In general, production continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. As a result, production attained the peak level of $X. From 2014 to 2019, production growth remained at a lower figure.

In 2019, the average maize yield in Argentina amounted to X kg per ha, remaining relatively unchanged against the year before. In general, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of maize (green) were harvested in Argentina; standing approx. at the previous year. In general, the harvested area saw a relatively flat trend pattern.

Maize Exports

Exports from Argentina

In 2019, overseas shipments of maize (green) increased by X% to X tonnes, rising for the second year in a row after two years of decline. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

In value terms, maize exports declined markedly to $X in 2019. Over the period under review, exports posted a perceptible expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, exports reached the peak of $X. From 2014 to 2019, the growth exports remained at a lower figure.

Exports by Country

Uruguay (X tonnes) was the main destination for maize exports from Argentina, accounting for a X% share of total exports. Moreover, maize exports to Uruguay exceeded the volume sent to the second major destination, Chile (X tonnes), fourfold. The U.S. (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Uruguay totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+X% per year) and the U.S. (+X% per year).

In value terms, the largest markets for maize exported from Argentina were Uruguay ($X), the U.S. ($X) and Austria ($X), together accounting for X% of total exports. Chile and Germany lagged somewhat behind, together accounting for a further X the main countries of destination, Chile saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average maize export price amounted to $X per tonne, reducing by -X% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2018 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Chile ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced a decline.

Maize Imports

Imports into Argentina

In 2019, overseas purchases of maize (green) decreased by -X% to X tonnes, falling for the second consecutive year after three years of growth. Overall, imports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tonnes in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

In value terms, maize imports rose significantly to $X in 2019. In general, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2016 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2019, imports remained at a lower figure.

Imports by Country

The U.S. (X tonnes), Brazil (X tonnes) and Costa Rica (X tonnes) were the main suppliers of maize imports to Argentina, together accounting for X% of total imports. These countries were followed by India, Chile and Egypt, which together accounted for a further X 2007 to 2019, the biggest increases were in India, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constituted the largest supplier of maize to Argentina, comprising X% of total imports. The second position in the ranking was occupied by Chile ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from the U.S. amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-X% per year) and Brazil (-X% per year).

Import Prices by Country

The average maize import price stood at $X per tonne in 2019, picking up by X% against the previous year. In general, the import price, however, recorded a abrupt setback. The import price peaked at $X per tonne in 2012; however, from 2013 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Chile ($X per tonne), while the price for Costa Rica ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Egypt, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for maize (green) in the world?

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The U.S. (3.1M tonnes) constituted the country with the largest volume of maize consumption, comprising approx. 25% of total volume. Moreover, maize consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Croatia (891K tonnes), threefold. Nigeria (795K tonnes) ranked third in terms of total consumption with a 6.4% share.

What are the largest producers of maize (green) in the world?

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The U.S. (2.9M tonnes) remains the largest maize producing country worldwide, comprising approx. 23% of total volume. Moreover, maize production in the U.S. exceeded the figures recorded by the second-largest producer, Mexico (971K tonnes), threefold. The third position in this ranking was occupied by Croatia (889K tonnes), with a 7.1% share.

What are the leading suppliers of maize (green) to Argentina?

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In value terms, the U.S. ($58K) constituted the largest supplier of maize to Argentina, comprising 68% of total imports. The second position in the ranking was occupied by Chile ($19K), with a 22% share of total imports. It was followed by Brazil, with a 3.9% share.

What are the leading importers of maize (green) from Argentina?

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In value terms, the largest markets for maize exported from Argentina were Uruguay ($411K), the U.S. ($309K) and Austria ($148K), with a combined 73% share of total exports. Chile and Germany lagged somewhat behind, together accounting for a further 16%.

What is the average export price for maize (green) in Argentina?

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The average maize export price stood at $735 per tonne in 2019, dropping by -29.9% against the previous year.

What is the average import price for maize (green) in Argentina?

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The average maize import price stood at $1,153 per tonne in 2019, increasing by 50% against the previous year.