Japan: Maize Market 2024

Maize Market Size in Japan

The Japanese maize market soared to $X in 2022, growing by X% against the previous year. Over the period under review, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Maize consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Maize Production in Japan

In value terms, maize production shrank rapidly to $X in 2022 estimated in export price. In general, production saw significant growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The average yield of maize in Japan amounted to X tons per ha in 2022, standing approx. at the year before. Overall, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the yield increased by X% against the previous year. The maize yield peaked at X tons per ha in 2013; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the maize harvested area in Japan amounted to X ha, stabilizing at the year before. Overall, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2015 to 2022, the growth of the maize harvested area remained at a lower figure.

Maize Exports

Exports from Japan

After two years of growth, shipments abroad of maize decreased by X% to X tons in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then reduced markedly in the following year.

In value terms, maize exports contracted notably to $X in 2022. In general, exports, however, showed a significant expansion. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for maize exports from Japan, with a X% share of total exports. Moreover, maize exports to Hong Kong SAR exceeded the volume sent to the second major destination, Singapore (X tons), ninefold.

From 2014 to 2022, the average annual growth rate of volume to Hong Kong SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and France (X% per year).

In value terms, Hong Kong SAR ($X), France ($X) and Singapore ($X) constituted the largest markets for maize exported from Japan worldwide.

France, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average maize export price amounted to $X per ton, growing by X% against the previous year. In general, the export price saw a resilient expansion. The growth pace was the most rapid in 2018 an increase of X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced a decline.

Maize Imports

Imports into Japan

In 2022, overseas purchases of maize were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, maize imports skyrocketed to $X in 2022. In general, total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of maize to Japan, with a X% share of total imports. Moreover, maize imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. Argentina (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Argentina (X% per year).

In value terms, the United States ($X) constituted the largest supplier of maize to Japan, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2022, the average maize import price amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, maize import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Argentina ($X per ton) and South Africa ($X per ton), while the price for Ukraine ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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