Grenada: Maize Market 2020

Maize Market Size in Grenada

The revenue of the maize market in Grenada amounted to $X in 2018, jumping by X% against the previous year. Overall, maize consumption, however, continues to indicate a drastic slump. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, the maize market attained its maximum level at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Maize Production in Grenada

In value terms, maize production stood at $X in 2018 estimated in export prices. In general, maize production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when production volume increased by X% year-to-year. In that year, maize production reached its peak level of $X. From 2017 to 2018, maize production growth remained at a lower figure.

In 2018, the average yield of maize in Grenada stood at X ton per ha, approximately reflecting the previous year. Overall, the maize yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Over the period under review, the maize yield attained its peak figure level at X ton per ha in 2011; however, from 2012 to 2018, yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of maize were harvested in Grenada; remaining relatively unchanged against the previous year. Overall, the maize harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when harvested area increased by X% y-o-y. The global maize harvested area peaked at X ha in 2014; however, from 2015 to 2018, harvested area remained at a lower figure.

Maize Exports

Exports by Country

The U.S. was the largest exporting country with an export of about X tons, which amounted to X% of total exports. Brazil (X tons) took the second position in the ranking, followed by Argentina (X tons) and Ukraine (X tons). All these countries together held near X% share of total exports. The following exporters - France (X tons), Russia (X tons) and Romania (X tons) - each accounted for an X% share of total exports.

Exports from the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Ukraine (+X%), Romania (+X%), Russia (+X%), Brazil (+X%), Argentina (+X%) and France (+X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. While the share of Brazil (+X p.p.), Ukraine (+X p.p.), the U.S. (+X p.p.), Argentina (+X p.p.), Romania (+X p.p.) and Russia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest maize supplier from Grenada, comprising X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by Argentina, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+X% per year) and Argentina (+X% per year).

Export Prices by Country

The maize export price in Grenada stood at $X per ton in 2018, therefore, remained relatively stable against the previous year. In general, the maize export price continues to indicate a relatively flat trend pattern. Grenada export price peaked at $X per ton in 2016; however, from 2017 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced a decline in the export price figures.

Maize Imports

Imports into Grenada

In 2018, the imports of maize into Grenada stood at X tons, jumping by X% against the previous year. In general, maize imports, however, continue to indicate a deep shrinkage. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Grenada imports peaked at X tons in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, maize imports stood at $X in 2018. Over the period under review, maize imports, however, continue to indicate a drastic slump. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Grenada imports peaked at $X in 2011; however, from 2012 to 2018, imports failed to regain their momentum.

Imports by Country

Mexico (X tons) and Japan (X tons) represented roughly X% of total imports of maize in 2018. South Korea (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by Vietnam (X%), Spain (X%), Iran (X%) and Egypt (X%). The Netherlands (X tons), Italy (X tons), Colombia (X tons), Saudi Arabia (X tons) and Taiwan, Chinese (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Vietnam, while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. Vietnam, Spain, Iran, Egypt, the Netherlands, Italy, Colombia, Taiwan, Chinese, Saudi Arabia and Grenada lagged somewhat behind, together accounting for a further X terms of the main importing countries, Vietnam experienced the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The maize import price in Grenada stood at $X per ton in 2018, declining by -X% against the previous year. In general, the maize import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the import price increased by X% year-to-year. Over the period under review, the import prices for maize attained their peak figure at $X per ton in 2012; however, from 2013 to 2018, import prices failed to regain their momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Iran, while the other leaders experienced a decline in the import price figures.

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Source: IndexBox Platform