Report Asia - Maize - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 11, 2023

Asia - Maize - Market Analysis, Forecast, Size, Trends and Insights

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Asia: Maize Market 2023

Maize Market Size in Asia

The Asian maize market expanded markedly to $X in 2021, increasing by 9.2% against the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Maize Production in Asia

In value terms, maize production rose remarkably to $X in 2021 estimated in export price. Overall, production showed a slight reduction. The growth pace was the most rapid in 2015 with an increase of 32%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

China (X tons) remains the largest maize producing country in Asia, accounting for 72% of total volume. Moreover, maize production in China exceeded the figures recorded by the second-largest producer, India (X tons), ninefold. The third position in this ranking was held by Indonesia (X tons), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume in China stood at +2.7%. The remaining producing countries recorded the following average annual rates of production growth: India (+3.0% per year) and Indonesia (+1.7% per year).

In 2021, the average yield of maize in Asia was estimated at X tons per ha, remaining relatively unchanged against 2020 figures. The yield figure increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the yield increased by 3.7% against the previous year. Over the period under review, the maize yield hit record highs in 2021 and is likely to see steady growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the maize harvested area in Asia shrank modestly to X ha, flattening at the previous year's figure. The harvested area increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when the harvested area increased by 12%. The level of harvested area peaked at X ha in 2016; however, from 2017 to 2021, the harvested area failed to regain momentum.

Maize Exports

Exports in Asia

In 2021, shipments abroad of maize increased by 47% to X tons, rising for the third consecutive year after five years of decline. In general, exports showed a moderate expansion. The growth pace was the most rapid in 2020 when exports increased by 57%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, maize exports surged to $X in 2021. Overall, exports continue to indicate a modest expansion. The level of export peaked at $X in 2013; afterwards, it flattened through to 2021.

Exports by Country

India was the largest exporter of maize in Asia, with the volume of exports accounting for X tons, which was approx. 50% of total exports in 2021. Myanmar (X tons) took the second position in the ranking, distantly followed by Pakistan (X tons). All these countries together took near 34% share of total exports. Turkey (X tons), Vietnam (X tons), Cambodia (X tons) and Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +44.2%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Myanmar ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 79% share of total exports. Thailand, Pakistan, Vietnam and Cambodia lagged somewhat behind, together accounting for a further 16%.

In terms of the main exporting countries, Cambodia, with a CAGR of +35.7%, recorded 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 2021, the export price in Asia amounted to $X per ton, surging by 16% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Thailand ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+3.9%), while the other leaders experienced more modest paces of growth.

Maize Imports

Imports in Asia

For the eighth consecutive year, Asia recorded growth in overseas purchases of maize, which increased by 38% to X tons in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +8.5% 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 +112.8% against 2013 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, maize imports surged to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +107.9% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) represented the key importer of maize, generating 39% of total imports. Japan (X tons) ranks second in terms of the total imports with a 13% share, followed by South Korea (10%), Vietnam (9.4%) and Iran (5.5%). The following importers - Taiwan (Chinese) (X tons), Malaysia (X tons), Saudi Arabia (X tons), Turkey (X tons), Thailand (X tons) and Bangladesh (X tons) - together made up 15% of total imports.

From 2012 to 2021, average annual rates of growth with regard to maize imports into China stood at +21.6%. At the same time, Thailand (+27.5%), Bangladesh (+27.2%), Vietnam (+23.3%), Turkey (+12.4%), Saudi Arabia (+4.9%), South Korea (+4.0%), Iran (+3.3%) and Malaysia (+2.5%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia, with a CAGR of +27.5% from 2012-2021. Japan and Taiwan (Chinese) experienced a relatively flat trend pattern. From 2012 to 2021, the share of China and Vietnam increased by +25 and +6.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest maize importing markets in Asia were China ($X), Japan ($X) and South Korea ($X), with a combined 60% share of total imports. Vietnam, Iran, Taiwan (Chinese), Saudi Arabia, Malaysia, Turkey, Bangladesh and Thailand lagged somewhat behind, together accounting for a further 31%.

Among the main importing countries, Thailand, with a CAGR of +31.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, with an increase of 13% against the previous year. Over the period under review, the import price, however, showed a pronounced slump. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+2.8%), while the other leaders experienced a decline in the import price figures.

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 in Asia?
+
The country with the largest volume of maize consumption was China, accounting for 65% of total volume. Moreover, maize consumption in China exceeded the figures recorded by the second-largest consumer, India, more than tenfold. The third position in this ranking was held by Indonesia, with a 5% share.
What are the largest producers of maize in Asia?
+
The country with the largest volume of maize production was China, comprising approx. 72% of total volume. Moreover, maize production in China exceeded the figures recorded by the second-largest producer, India, ninefold. Indonesia ranked third in terms of total production with a 6.2% share.
What are the leading exporters of maize in Asia?
+
In value terms, India, Myanmar and Turkey constituted the countries with the highest levels of exports in 2021, together accounting for 79% of total exports. These countries were followed by Thailand, Pakistan, Vietnam and Cambodia, which together accounted for a further 16%.
What are the leading importers of maize in Asia?
+
In value terms, the largest maize importing markets in Asia were China, Japan and South Korea, together comprising 60% of total imports. These countries were followed by Vietnam, Iran, Taiwan Chinese), Saudi Arabia, Malaysia, Turkey, Bangladesh and Thailand, which together accounted for a further 31%.
What is the average export price for maize in Asia?
+
In 2021, the export price in Asia amounted to $274 per ton, rising by 16% against the previous year.
What is the average import price for maize in Asia?
+
In 2021, the import price in Asia amounted to $236 per ton, surging by 13% 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 56 - Maize

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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