Barbados: Maize Market 2020

Maize Market Size in Barbados

The revenue of the maize market in Barbados amounted to $X in 2018, shrinking by -X% against the previous year. Over the period under review, maize consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the market value increased by X% against the previous year. In that year, the maize market reached its peak level of $X. From 2015 to 2018, the growth of the maize market remained at a lower figure.

Maize Production in Barbados

In value terms, maize production amounted to $X in 2018 estimated in export prices. Over the period under review, maize production continues to indicate moderate growth. The growth pace was the most rapid in 2014 when production volume increased by X% against the previous year. In that year, maize production attained its peak level of $X. From 2015 to 2018, maize production growth remained at a somewhat lower figure.

In 2018, the average maize yield in Barbados stood at X kg per X ha, coming down by -X% against the previous year. Over the period under review, the maize yield continues to indicate a moderate descent. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, the maize yield reached its peak figure level at X kg per X ha in 2007; however, from 2008 to 2018, 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.

In 2018, the total area harvested in terms of maize (green) production in Barbados stood at X ha, reducing by -X% against the previous year. Over the period under review, the maize harvested area continues to indicate a measured descent. The most prominent rate of growth was recorded in 2008 when harvested area increased by X% against the previous year. The global maize harvested area peaked at X ha in 2009; however, from 2010 to 2018, harvested area stood at a somewhat lower figure.

Maize Exports

Exports from Barbados

In 2018, approx. X kg of maize (green) were exported from Barbados; reducing by -X% against the previous year. Over the period under review, maize exports continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, maize exports attained their peak figure at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, maize exports stood at $X in 2018. Overall, maize exports continue to indicate a deep decrease. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, maize exports attained their maximum at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Mexico (X tons), distantly followed by Italy (X tons), Spain (X tons), the Netherlands (X tons), the U.S. (X tons) and Morocco (X tons) represented the major exporters of maize (green), together generating X% of total exports. China (X tons), Oman (X tons), Belgium (X tons), France (X tons), Uzbekistan (X tons) and Thailand (X tons) held a minor share of total exports.

From 2007 to 2018, average annual rates of growth with regard to maize exports from Mexico stood at +X%. At the same time, Oman (+X%), Morocco (+X%), Belgium (+X%), Uzbekistan (+X%), Spain (+X%), the Netherlands (+X%), Thailand (+X%), Italy (+X%), France (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, China (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Mexico, Spain, Morocco, the Netherlands, Oman, Belgium, Italy and Uzbekistan increased by +X%, +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while China (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest maize markets from Barbados were Italy ($X), the Netherlands ($X) and Spain ($X), together comprising X% of total exports.

Among the main exporting countries, Spain recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The maize export price in Barbados stood at $X per ton in 2018, rising by X% against the previous year. Overall, the maize export price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2014 when the export price increased by X% year-to-year. In that year, the export prices for maize (green) attained their peak level of $X per ton. From 2015 to 2018, the growth in terms of the export prices for maize (green) remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the Netherlands ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Maize Imports

Imports into Barbados

Maize imports into Barbados totaled X tons in 2018, reducing by -X% against the previous year. Over the period under review, maize imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. Barbados imports peaked at X tons in 2017, and then declined slightly in the following year.

In value terms, maize imports stood at $X in 2018. Over the period under review, maize imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Barbados imports peaked at $X in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Canada (X tons), Germany (X tons), the UK (X tons), France (X tons), the United Arab Emirates (X tons) and China, Hong Kong SAR (X tons) were the major importers of maize (green), together achieving X% of total imports. The Netherlands (X tons), Singapore (X tons), Belgium (X tons), Afghanistan (X tons) and Russia (X tons) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, the United Arab Emirates (+X%), Afghanistan (+X%), Belgium (+X%), the UK (+X%), Germany (+X%), the Netherlands (+X%), Russia (+X%), Canada (+X%), China, Hong Kong SAR (+X%) and Singapore (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, France (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the U.S., the United Arab Emirates, the UK, Germany, Afghanistan, Belgium, Canada and the Netherlands increased by +X%, +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while France (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), the U.S. ($X) and the UK ($X) constituted the countries with the highest levels of imports in 2018, together comprising X% of total imports. These countries were followed by France, Canada, the Netherlands, Belgium, the United Arab Emirates, Singapore, China, Hong Kong SAR, Russia, Afghanistan and Barbados, which together accounted for a further X the main importing countries, Barbados recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The maize import price in Barbados stood at $X per ton in 2018, jumping by X% against the previous year. In general, the maize import price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. In that year, the import prices for maize (green) attained their peak level of $X per ton. From 2016 to 2018, the growth in terms of the import prices for maize (green) remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Germany ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform