Guinea: Maize Market 2020

Maize Market Size in Guinea

The revenue of the maize market in Guinea amounted to $X in 2018, reducing by -X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. Over the period under review, the maize market attained its peak figure level at $X in 2014; however, from 2015 to 2018, consumption failed to regain its momentum.

Maize Production in Guinea

In value terms, maize production stood at $X in 2018 estimated in export prices. Over the period under review, the total output indicated a slight increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, maize production increased by +X% against 2016 indices. The growth pace was the most rapid in 2011 when production volume increased by X% against the previous year. Guinea maize production peaked at $X in 2014; however, from 2015 to 2018, production remained at a lower figure.

In 2018, the average yield of maize in Guinea totaled X ton per ha, lowering by -X% against the previous year. Overall, the maize yield continues to indicate a measured contraction. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. The global maize yield peaked at X ton per ha in 2011; however, from 2012 to 2018, yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Maize harvested area in Guinea stood at X ha in 2018, increasing by X% against the previous year. Overall, the total harvested area indicated remarkable growth from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, maize harvested area increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2012 when harvested area increased by X% y-o-y. The global maize harvested area peaked in 2018 and is likely to see steady growth in the near future.

Maize Exports

Exports by Country

In 2018, the U.S. (X tons) was the main exporter of maize, mixing up X% of total exports. Brazil (X tons) occupied the second position in the ranking, followed by Argentina (X tons) and Ukraine (X tons). All these countries together took near X% share of total exports. The following exporters - France (X tons), Russia (X tons) and Romania (X tons) - each recorded an X% share of total exports.

From 2007 to 2018, average annual rates of growth with regard to maize exports from the U.S. stood at +X%. 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. From 2007 to 2018, the share of Brazil, Ukraine, the U.S., Argentina, Romania and Russia increased by +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In the U.S., maize exports increased at an average annual rate of +X% over the period from 2007-2018. 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

In 2018, the maize export price in Guinea amounted to $X per ton, flattening at the previous year. Over the period under review, the maize export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2018, 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 Guinea

In 2018, the imports of maize into Guinea amounted to X tons, picking up by X% against the previous year. In general, maize imports continue to indicate an outstanding increase. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, maize imports reached their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, maize imports amounted to $X in 2018. Over the period under review, maize imports continue to indicate an outstanding expansion. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Over the period under review, maize imports reached their maximum in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, Mexico (X tons) and Japan (X tons) represented the largest importers of maizein the world, together making up X% of total imports. South Korea (X tons) occupied the next position in the ranking, followed by Vietnam (X tons), Spain (X tons), Iran (X tons) and Egypt (X tons). All these countries together took near X% share of total imports. The following importers - the Netherlands (X tons), Italy (X tons), Colombia (X tons), Saudi Arabia (X tons) and Taiwan, Chinese (X tons) - together made up X% of total imports.

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

In value terms, the largest maize importing markets into Guinea were Mexico ($X), Japan ($X) and South Korea ($X), with a combined X% share of total imports. These countries were followed by Vietnam, Spain, Iran, Egypt, the Netherlands, Italy, Colombia, Taiwan, Chinese, Saudi Arabia and Guinea, which together accounted for a further X the main importing countries, Guinea recorded the highest rates of growth with regard to 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 Guinea stood at $X per ton in 2018, lowering by -X% against the previous year. Over the period under review, the maize import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X% y-o-y. In that year, the import prices for maize attained their peak level of $X per ton. From 2015 to 2018, the growth in terms of the import prices for maize remained at a somewhat lower figure.

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.

Source: IndexBox Platform