Australia and Oceania: Maize Market 2024

Maize Market Size in Australia and Oceania

The maize market in Australia and Oceania fell rapidly to $X in 2022, which is down by X% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Maize Production in Australia and Oceania

In value terms, maize production declined to $X in 2022 estimated in export price. In general, production, however, posted a strong increase. The growth pace was the most rapid in 2013 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Australia (X tons), New Zealand (X tons) and Papua New Guinea (X tons), together comprising X% of total production. New Caledonia lagged somewhat behind, accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by New Caledonia (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

The average maize yield amounted to X tons per ha in 2022, with an increase of X% compared with the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 when the yield increased by X%. The level of yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The maize harvested area declined to X ha in 2022, waning by X% against the year before. In general, the harvested area showed a noticeable shrinkage. The growth pace was the most rapid in 2017 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to maize production attained the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

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Maize Exports

Exports in Australia and Oceania

In 2022, the amount of maize exported in Australia and Oceania declined slightly to X tons, almost unchanged from the previous year. Over the period under review, exports continue to indicate a noticeable reduction. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, maize exports soared to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Australia (X tons), together amounting to X% of total export.

Australia was also the fastest-growing in terms of the maize exports, with a CAGR of X% from 2012 to 2022. Australia (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest maize supplier in Australia and Oceania.

In Australia, maize exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price saw a perceptible increase. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Maize Imports

Imports in Australia and Oceania

In 2022, the amount of maize imported in Australia and Oceania fell notably to X tons, waning by X% compared with the previous year. In general, imports, however, recorded a significant increase. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, maize imports declined rapidly to $X in 2022. Overall, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

New Zealand prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2022. French Polynesia (X tons) took a relatively small share of total imports.

New Zealand was also the fastest-growing in terms of the maize imports, with a CAGR of X% from 2012 to 2022. French Polynesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand increased by X percentage points.

In value terms, New Zealand ($X) constitutes the largest market for imported maize in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by French Polynesia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in New Zealand totaled X%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the import price, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was French Polynesia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by French Polynesia (X%).

Source: IndexBox Platform

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