MENA: Maize Market 2024

Maize Market Size in MENA

The MENA's maize market reduced to $X in 2022, declining by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Maize Production in MENA

In value terms, maize production totaled $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Israel (X tons), Oman (X tons) and Iran (X tons), with a combined X% share of total production. Morocco, Jordan, Saudi Arabia, Palestine and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Morocco (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average maize yield amounted to X tons per ha in 2022, increasing by X% on 2021 figures. The yield indicated perceptible growth from 2012 to 2022: its figure 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 yield increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2016 when the yield increased by X% against the previous year. Over the period under review, the maize yield attained the peak level in 2022 and is expected to retain growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of maize (green) were harvested in MENA; shrinking by X% compared with 2021. In general, the harvested area recorded a perceptible downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2014 to 2022, the growth of the maize harvested area remained at a lower figure.

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Maize Exports

Exports in MENA

In 2022, the amount of maize (green) exported in MENA totaled X tons, with an increase of X% compared with the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, maize exports stood at $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Iran (X tons) and Morocco (X tons) represented the largest exporters of maize (green) in 2022, accounting for approx. X% and X% of total exports, respectively. Oman (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (X%), Israel (X%) and Jordan (X%). Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Iran (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Israel ($X) and Jordan ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports. Iran, Saudi Arabia, Turkey and Oman lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, flattening at the previous year. Overall, the export price showed a perceptible curtailment. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Maize Imports

Imports in MENA

In 2022, after two years of decline, there was significant growth in overseas purchases of maize (green), when their volume increased by X% to X tons. Total imports indicated a strong increase from 2012 to 2022: its volume 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 decreased by X% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, maize imports fell to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the main importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by Kuwait (X tons), Saudi Arabia (X tons) and Bahrain (X tons), together mixing up a X% share of total imports. Lebanon (X tons), Oman (X tons), Iraq (X tons) and Qatar (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to maize imports into the United Arab Emirates stood at X%. At the same time, Lebanon (X%), Saudi Arabia (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Kuwait experienced a relatively flat trend pattern. By contrast, Oman (X%), Iraq (X%) and Qatar (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Kuwait (X p.p.), Bahrain (X p.p.), Saudi Arabia (X p.p.) and Lebanon (X p.p.) significantly strengthened its position in terms of the total imports, while Oman, Iraq and Qatar saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, the largest maize importing markets in MENA were the United Arab Emirates ($X), Kuwait ($X) and Saudi Arabia ($X), together accounting for X% of total imports. Bahrain, Qatar, Oman, Iraq and Lebanon lagged somewhat behind, together accounting for a further X%.

Lebanon, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price saw a deep downturn. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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