Report Asia - Maize (Green) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 22, 2023

Asia - Maize (Green) - Market Analysis, Forecast, Size, Trends and Insights

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Asia: Maize Market 2023

Maize Market Size in Asia

The Asian maize market rose remarkably to $X in 2021, increasing by 10% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Maize Production in Asia

In value terms, maize production expanded remarkably to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 17% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

The countries with the highest volumes of production in 2021 were Indonesia (X tons), China (X tons) and Thailand (X tons), with a combined 56% share of total production. Iran, Japan, Pakistan and India lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by India (with a CAGR of +23.5%), while production for the other leaders experienced more modest paces of growth.

In 2021, the average maize yield in Asia rose to X tons per ha, with an increase of 1.6% against 2020 figures. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 19%. Over the period under review, the maize yield reached the maximum level at X tons per ha in 2013; however, from 2014 to 2021, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of maize (green) production in Asia shrank to X ha, approximately mirroring the year before. The harvested area increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 when the harvested area increased by 9.8%. Over the period under review, the harvested area dedicated to maize production attained the maximum at X ha in 2018; however, from 2019 to 2021, the harvested area failed to regain momentum.

Maize Exports

Exports in Asia

In 2021, approx. X tons of maize (green) were exported in Asia; shrinking by -28.4% compared with 2020. Over the period under review, exports, however, continue to indicate a mild increase. The growth pace was the most rapid in 2017 when exports increased by 48%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, maize exports contracted slightly to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -20.9% against 2017 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 38% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

China was the key exporting country with an export of around X tons, which recorded 41% of total exports. India (X tons) held the second position in the ranking, distantly followed by Thailand (X tons), Iran (X tons), Pakistan (X tons) and Malaysia (X tons). All these countries together took near 46% share of total exports. Oman (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Iran (with a CAGR of +9.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest maize supplier in Asia, comprising 45% of total exports. The second position in the ranking was taken by India ($X), with a 13% share of total exports. It was followed by Thailand, with a 12% share.

In China, maize exports expanded at an average annual rate of +9.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: India (+4.9% per year) and Thailand (+4.2% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, rising by 34% against the previous year. Export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the export price increased by 48%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.3%), while the other leaders experienced more modest paces of growth.

Maize Imports

Imports in Asia

Maize imports was estimated at X tons in 2021, with an increase of 14% compared with the previous year. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +86.6% against 2012 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 30% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, maize imports soared to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +113.4% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Hong Kong SAR represented the key importing country with an import of around X tons, which amounted to 36% of total imports. Malaysia (X tons) ranks second in terms of the total imports with an 11% share, followed by Singapore (11%), the United Arab Emirates (7.3%), Nepal (6.7%) and Afghanistan (6.2%). Saudi Arabia (X tons), Kuwait (X tons), Macao SAR (X tons), South Korea (X tons), Qatar (X tons) and Kazakhstan (X tons) held a minor share of total imports.

Imports into Hong Kong SAR increased at an average annual rate of +12.8% from 2012 to 2021. At the same time, Nepal (+46.5%), Kuwait (+21.1%), Saudi Arabia (+12.9%), Malaysia (+10.8%), the United Arab Emirates (+10.7%), Afghanistan (+9.6%) and Macao SAR (+5.9%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Asia, with a CAGR of +46.5% from 2012-2021. Singapore and Kazakhstan experienced a relatively flat trend pattern. By contrast, South Korea (-3.0%) and Qatar (-15.3%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (+13 p.p.), Nepal (+6.3 p.p.), Malaysia (+2.9 p.p.), the United Arab Emirates (+1.8 p.p.) and Kuwait (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of South Korea (-2.5 p.p.), Singapore (-7.9 p.p.) and Qatar (-12.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported maize (green) in Asia, comprising 48% of total imports. The second position in the ranking was held by Singapore ($X), with a 10% share of total imports. It was followed by Malaysia, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Hong Kong SAR totaled +34.1%. In the other countries, the average annual rates were as follows: Singapore (+4.6% per year) and Malaysia (+11.7% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, rising by 7.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2020 when the import price increased by 16%. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+18.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for maize (green) in Asia?
+
The countries with the highest volumes of consumption in 2021 were Indonesia, Thailand and Iran, with a combined 50% share of total consumption. Japan, Hong Kong SAR, Pakistan, China, Singapore, Israel, the United Arab Emirates, Nepal, Malaysia and Afghanistan lagged somewhat behind, together comprising a further 41%.
What are the largest producers of maize (green) in Asia?
+
The countries with the highest volumes of production in 2021 were Indonesia, China and Thailand, with a combined 56% share of total production. These countries were followed by Iran, Japan, Pakistan and India, which together accounted for a further 34%.
What are the leading exporters of maize (green) in Asia?
+
In value terms, China remains the largest maize supplier in Asia, comprising 45% of total exports. The second position in the ranking was held by India, with a 13% share of total exports. It was followed by Thailand, with a 12% share.
What are the leading importers of maize (green) in Asia?
+
In value terms, Hong Kong SAR constitutes the largest market for imported maize green) in Asia, comprising 48% of total imports. The second position in the ranking was held by Singapore, with a 10% share of total imports. It was followed by Malaysia, with an 8.7% share.
What is the average export price for maize (green) in Asia?
+
In 2021, the export price in Asia amounted to $1,036 per ton, surging by 34% against the previous year.
What is the average import price for maize (green) in Asia?
+
The import price in Asia stood at $1,229 per ton in 2021, rising by 7.7% against the previous year.

This report provides an in-depth analysis of the maize market in Asia. 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 446 - Green Corn (Maize)
Country coverage:
• Afghanistan
• Armenia
• Bahrain
• Bhutan
• Brunei Darussalam
• Cambodia
• Cyprus
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Macao SAR
• Maldives
• Mongolia
• Nepal
• Palestine
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Timor-Leste
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Vietnam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Harvested Area, By Country, 2007-2022
Table 7:
Yield, By Country, 2007-2022
Table 8:
Imports, In Physical Terms, By Country, 2012–2022
Table 9:
Imports, In Value Terms, By Country, 2012–2022
Table 10:
Import Prices, By Country Of Destination, 2012–2022
Table 11:
Exports, In Physical Terms, By Country, 2012–2022
Table 12:
Exports, In Value Terms, By Country, 2012–2022
Table 13:
Export Prices, By Country Of Origin, 2012–2022
Table 14:
Producer Prices, By Major Producing Country, 2022
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2012–2022
Figure 18:
Production, In Value Terms, 2012–2022
Figure 19:
Area Harvested, 2012–2022
Figure 20:
Yield, 2012–2022
Figure 21:
Production, By Country, 2022
Figure 22:
Production, In Physical Terms, By Country, 2012–2022
Figure 23:
Harvested Area, By Country, 2022
Figure 24:
Harvested Area, By Country, 2007-2022
Figure 25:
Yield, By Country, 2007-2022
Figure 26:
Imports, In Physical Terms, 2012–2022
Figure 27:
Imports, In Value Terms, 2012–2022
Figure 28:
Imports, In Physical Terms, By Country, 2022
Figure 29:
Imports, In Physical Terms, By Country, 2012–2022
Figure 30:
Imports, In Value Terms, By Country, 2012–2022
Figure 31:
Import Prices, By Country, 2012–2022
Figure 32:
Exports, In Physical Terms, 2012–2022
Figure 33:
Exports, In Value Terms, 2012–2022
Figure 34:
Exports, In Physical Terms, By Country, 2022
Figure 35:
Exports, In Physical Terms, By Country, 2012–2022
Figure 36:
Exports, In Value Terms, By Country, 2012–2022
Figure 37:
Export Prices, 2012–2022
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