
Ireland - Maize (Green) - Market Analysis, Forecast, Size, Trends and Insights
Ireland: Maize Market 2023
Maize Market Size in Ireland
In 2022, the Irish maize market decreased by -22.9% to $X, falling for the second consecutive year after four years of growth. Overall, consumption saw a relatively flat trend pattern. Maize consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.
Maize Exports
Exports from Ireland
For the third consecutive year, Ireland recorded decline in overseas shipments of maize (green), which decreased by 0% to X tons in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 1,054%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, maize exports totaled $X in 2022. Overall, exports recorded significant growth. The growth pace was the most rapid in 2014 with an increase of 1,010%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
Exports by Country
The UK (X tons) was the main destination for maize exports from Ireland, accounting for a approx. 100% share of total exports.
From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to +39.1%.
From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to +29.0%.
Export Prices by Country
In 2022, the average maize export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 47%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -7.3% per year.
Maize Imports
Imports into Ireland
In 2022, purchases abroad of maize (green) decreased by 0% to X tons, falling for the third consecutive year after six years of growth. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 34% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, maize imports amounted to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 34%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
Imports by Country
The Netherlands (X tons), the UK (X tons) and Spain (X tons) were the main suppliers of maize imports to Ireland, with a combined 59% share of total imports. Italy, India, Honduras, France, Germany, Senegal and Kenya lagged somewhat behind, together accounting for a further 32%.
From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of +359.1%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest maize suppliers to Ireland were the UK ($X), the Netherlands ($X) and Italy ($X), together accounting for 56% of total imports. Spain, India, Honduras, France, Senegal, Kenya and Germany lagged somewhat behind, together accounting for a further 36%.
In terms of the main suppliers, Senegal, with a CAGR of +359.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2022, the average maize import price amounted to $X per ton, remaining stable against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 25%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the maize market in Ireland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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