Ireland: Maize Market Overview 2021

Maize Market Size in Ireland

In 2019, the Irish maize market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, the total consumption indicated prominent growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2016 indices. The growth pace was the most rapid in 2014 when the market value increased by X% against the previous year. Maize consumption peaked in 2019 and is likely to continue growth in the immediate term.

Maize Exports

Exports from Ireland

In 2019, overseas shipments of maize (green) decreased by -X% to X tonnes for the first time since 2013, thus ending a five-year rising trend. Overall, exports, however, saw modest growth. The pace of growth was the most pronounced in 2015 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tonnes in 2018, and then declined sharply in the following year.

In value terms, maize exports fell significantly to $X in 2019. In general, exports, however, recorded a measured expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2018, and then contracted sharply in the following year.

Exports by Country

France (X tonnes) was the main destination for maize exports from Ireland, accounting for a X% share of total exports. Moreover, maize exports to France exceeded the volume sent to the second major destination, the UK (X tonnes), threefold. The Netherlands (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to France totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and the Netherlands (+X% per year).

In value terms, France ($X) emerged as the key foreign market for maize exports from Ireland, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to France totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and the Netherlands (-X% per year).

Export Prices by Country

The average maize export price stood at $X per tonne in 2019, increasing by X% against the previous year. Overall, export price indicated a notable expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per tonne in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per tonne), while the average price for exports to Germany ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced a decline.

Maize Imports

Imports into Ireland

In 2019, the amount of maize (green) imported into Ireland surged to X tonnes, jumping by X% against the previous year's figure. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Imports peaked in 2019 and are likely to see gradual growth in the near future.

In value terms, maize imports stood at $X in 2019. Overall, total imports indicated perceptible growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Imports peaked in 2019 and are likely to see gradual growth in years to come.

Imports by Country

In 2019, the UK (X tonnes) constituted the largest supplier of maize to Ireland, accounting for a X% share of total imports. Moreover, maize imports from the UK exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), fivefold. The third position in this ranking was occupied by India (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from the UK stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and India (-X% per year).

In value terms, the UK ($X) constituted the largest supplier of maize to Ireland, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2007 to 2019, the average annual growth rate of value from the UK stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and India (+X% per year).

Import Prices by Country

In 2019, the average maize import price amounted to $X per tonne, reducing by -X% against the previous year. In general, the import price recorded a deep contraction. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2007; however, from 2008 to 2019, import prices stood at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for maize (green) in the world?

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The U.S. (3.1M tonnes) remains the largest maize consuming country worldwide, comprising approx. 25% of total volume. Moreover, maize consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Croatia (891K tonnes), threefold. Nigeria (795K tonnes) ranked third in terms of total consumption with a 6.4% share.

What are the largest producers of maize (green) in the world?

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The country with the largest volume of maize production was the U.S. (2.9M tonnes), accounting for 23% of total volume. Moreover, maize production in the U.S. exceeded the figures recorded by the second-largest producer, Mexico (971K tonnes), threefold. Croatia (889K tonnes) ranked third in terms of total production with a 7.1% share.

What are the leading suppliers of maize (green) to Ireland?

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In value terms, the UK ($8.9M) constituted the largest supplier of maize to Ireland, comprising 59% of total imports. The second position in the ranking was occupied by the Netherlands ($2.7M), with a 18% share of total imports. It was followed by India, with a 4.7% share.

What are the leading importers of maize (green) from Ireland?

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In value terms, France ($735K) emerged as the key foreign market for maize exports from Ireland, comprising 74% of total exports. The second position in the ranking was occupied by the UK ($208K), with a 21% share of total exports. It was followed by the Netherlands, with a 2.3% share.

What is the average export price for maize (green) in Ireland?

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In 2019, the average maize export price amounted to $3,208 per tonne, picking up by 36% against the previous year.

What is the average import price for maize (green) in Ireland?

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In 2019, the average maize import price amounted to $1,833 per tonne, reducing by -23.2% against the previous year.