Middle East: Maize Market 2024

Maize Market Size in the Middle East

For the fifth consecutive year, the Middle Eastern maize market recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Maize Production in the Middle East

In value terms, maize production shrank to $X in 2022 estimated in export price. In general, production saw a slight shrinkage. The growth pace was the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Israel (X tons), Oman (X tons) and Iran (X tons), together accounting for X% of total production.

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

The average maize yield rose to X tons per ha in 2022, surging by X% against the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of yield peaked in 2022 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of maize (green) production in the Middle East declined to X ha, waning by X% on the previous year. In general, the harvested area saw a pronounced reduction. The growth pace was the most rapid 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.

Maize Exports

Exports in the Middle East

In 2022, approx. X tons of maize (green) were exported in the Middle East; remaining constant against 2021. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, maize exports shrank to $X in 2022. In general, exports recorded a perceptible slump. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Iran (X tons) represented the major exporter of maize (green), creating X% of total exports. Oman (X tons) ranks second in terms of the total exports with a X% share, followed by Saudi Arabia (X%), Israel (X%), Jordan (X%) and Turkey (X%). The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to maize exports from Iran stood at X%. At the same time, the United Arab Emirates (X%), Turkey (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Oman (X%), Jordan (X%) and Israel (X%) illustrated a downward trend over the same period. While the share of Iran (X p.p.), the United Arab Emirates (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Oman (X p.p.), Jordan (X p.p.) and Israel (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest maize supplying countries in the Middle East were Israel ($X), Jordan ($X) and Iran ($X), with a combined X% share of total exports. The United Arab Emirates, Saudi Arabia, Turkey and Oman lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, 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

In 2022, the export price in the Middle East amounted to $X per ton, waning by X% against the previous year. Overall, the export price showed a noticeable decline. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($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 the Middle East

In 2022, supplies from abroad of maize (green) increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Total imports indicated resilient growth 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 growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, maize imports contracted to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the major importer of maize (green) in the Middle East, with the volume of imports reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Kuwait (X tons), Saudi Arabia (X tons) and Bahrain (X tons), together making up a X% share of total imports. The following importers - Lebanon (X tons), Oman (X tons) and Iraq (X tons) - each finished at an X% share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. 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 the Middle East, with a CAGR of X% from 2012-2022. Kuwait experienced a relatively flat trend pattern. By contrast, Oman (X%) and Iraq (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Kuwait, Bahrain, Saudi Arabia and Lebanon increased by X, X, X, X and X percentage points, respectively.

In value terms, the largest maize importing markets in the Middle East were the United Arab Emirates ($X), Kuwait ($X) and Saudi Arabia ($X), with a combined X% share of total imports. Bahrain, Oman, Iraq and Lebanon lagged somewhat behind, together comprising a further X%.

Lebanon, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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

The import price in the Middle East stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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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