Australia: Maize Market 2024

Maize Market Size in Australia

The Australian maize market fell to $X in 2022, declining by X% against the previous year. In general, consumption saw a deep reduction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Maize Production in Australia

In value terms, maize production shrank slightly to $X in 2022 estimated in export price. Overall, production saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

In 2022, the average maize yield in Australia rose slightly to X tons per ha, surging by X% on 2021 figures. Overall, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. The maize yield peaked at X tons per ha in 2015; however, from 2016 to 2022, 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 2022, the total area harvested in terms of maize production in Australia dropped to X ha, waning by X% on 2021. Over the period under review, the harvested area saw a abrupt setback. The pace of growth was the most pronounced in 2017 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to maize production reached 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 from Australia

In 2022, approx. X tons of maize were exported from Australia; remaining stable against the year before. Overall, exports, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, maize exports surged to $X in 2022. In general, exports recorded a modest increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for maize exports from Australia, with a X% share of total exports. Moreover, maize exports to South Korea exceeded the volume sent to the second major destination, New Zealand (X tons), more than tenfold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to South Korea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, South Korea ($X) remains the key foreign market for maize exports from Australia, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The average maize export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Maize Imports

Imports into Australia

In 2022, purchases abroad of maize decreased by X% to X tons, falling for the third year in a row after four years of growth. Overall, imports, however, enjoyed a notable increase. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, maize imports dropped dramatically to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Argentina (X tons) and New Zealand (X tons) were the main suppliers of maize imports to Australia, with a combined X% share of total imports. South Africa and Vietnam lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of maize to Australia, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Argentina (X% per year).

Import Prices by Country

The average maize import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price 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, maize import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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