CIS: Maize Market 2023

Maize Market Size in CIS

In 2021, after two years of decline, there was significant growth in the CIS maize market, when its value increased by 81% to $X. The total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Maize Production in CIS

In value terms, maize production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production recorded a significant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 392%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Uzbekistan (X tons) constituted the country with the largest volume of maize production, comprising approx. 70% of total volume. Moreover, maize production in Uzbekistan exceeded the figures recorded by the second-largest producer, Azerbaijan (X tons), eightfold. The third position in this ranking was held by Moldova (X tons), with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume in Uzbekistan amounted to +417.6%. The remaining producing countries recorded the following average annual rates of production growth: Azerbaijan (+9.6% per year) and Moldova (+1.5% per year).

The average maize yield rose rapidly to X tons per ha in 2021, increasing by 7.8% on 2020 figures. Over the period under review, the yield recorded significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 371%. The level of yield peaked at X tons per ha in 2018; however, from 2019 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, approx. X ha of maize (green) were harvested in the CIS; almost unchanged from the previous year. Overall, the harvested area, however, continues to indicate a slight descent. The pace of growth was the most pronounced in 2019 when the harvested area increased by 23%. Over the period under review, the harvested area dedicated to maize production reached the peak figure at X ha in 2014; however, from 2015 to 2021, the harvested area remained at a lower figure.

Maize Exports

Exports in CIS

In 2021, overseas shipments of maize (green) decreased by -57.1% to X tons, falling for the third year in a row after two years of growth. In general, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 937% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, maize exports rose rapidly to $X in 2021. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 767% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Uzbekistan (X tons) represented the major exporter of maize (green), constituting 44% of total exports. It was distantly followed by Azerbaijan (X tons), Belarus (X tons), Armenia (X tons), Kazakhstan (X tons) and Russia (X tons), together making up a 55% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Russia (with a CAGR of +62.6%), while the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X) remains the largest maize supplier in the CIS, comprising 69% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a 15% share of total exports. It was followed by Russia, with a 7.8% share.

In Uzbekistan, maize exports contracted by an average annual rate of -8.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Azerbaijan (+2.9% per year) and Russia (+58.8% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, growing by 159% against the previous year. Overall, the export price enjoyed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+41.3%), while the other leaders experienced mixed trends in the export price figures.

Maize Imports

Imports in CIS

In 2021, supplies from abroad of maize (green) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2018 with an increase of 16%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, maize imports stood at $X in 2021. Over the period under review, imports, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2013 with an increase of 17%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Russia represented the major importer of maize (green) in the CIS, with the volume of imports reaching X tons, which was near 63% of total imports in 2021. Kazakhstan (X tons) took the second position in the ranking, distantly followed by Belarus (X tons). All these countries together held approx. 30% share of total imports. Kyrgyzstan (X tons) and Moldova (X tons) took a minor share of total imports.

Imports into Russia decreased at an average annual rate of -4.7% from 2012 to 2021. At the same time, Kyrgyzstan (+166.5%) and Moldova (+6.8%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +166.5% from 2012-2021. Kazakhstan and Belarus experienced a relatively flat trend pattern. From 2012 to 2021, the share of Kazakhstan, Kyrgyzstan and Moldova increased by +5.7, +3.8 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported maize (green) in the CIS, comprising 66% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with an 18% share of total imports. It was followed by Belarus, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia amounted to -5.6%. In the other countries, the average annual rates were as follows: Kazakhstan (-1.9% per year) and Belarus (-0.1% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, with an increase of 3.3% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the import price increased by 24%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Moldova (+18.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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