Northern America: Maize Market Overview 2021

Maize Market Size in Northern America

In 2020, the North American maize market decreased by -X% to $X, falling for the second consecutive year after two years of growth. In general, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. The level of consumption peaked at $X in 2013; however, from 2014 to 2020, consumption failed to regain the momentum.

Maize Production in Northern America

In value terms, maize production declined to $X in 2020 estimated in export prices. Overall, production showed a mild reduction. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2020, production remained at a lower figure.

The U.S. (X tonnes) constituted the country with the largest volume of maize production, comprising approx. X% of total volume. Moreover, maize production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X tonnes), more than tenfold.

In the U.S., maize production contracted by an average annual rate of -X% over the period from 2007-2020.

In 2020, the average maize yield in Northern America amounted to X tonnes per ha, therefore, remained relatively stable against the previous year's figure. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. As a result, the yield reached the peak level of X tonnes per ha. From 2016 to 2020, the growth of the maize yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of maize (green) were harvested in Northern America; waning by -X% against the year before. Overall, the harvested area showed a noticeable contraction. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to maize production attained the maximum at X ha in 2009; however, from 2010 to 2020, the harvested area remained at a lower figure.

Production By Country in Northern America

The U.S. (X tonnes) constituted the country with the largest volume of maize production, accounting for X% of total volume. Moreover, maize production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X tonnes), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume in the U.S. amounted to -X%.

Maize Exports

Exports in Northern America

In 2020, the amount of maize (green) exported in Northern America reached X tonnes, remaining relatively unchanged against 2019. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at X tonnes in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, maize exports rose to $X in 2020. The total export value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. As a result, exports reached the peak of $X. From 2019 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

The U.S. dominates maize exports structure, accounting for X tonnes, which was near X% of total exports in 2020. It was distantly followed by Canada (X tonnes), mixing up a X% share of total exports.

The U.S. experienced a relatively flat trend pattern with regard to volume of exports of maize (green). At the same time, Canada (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +X% from 2007-2020. Canada (+X p.p.) significantly strengthened its position in terms of the total exports, while the U.S. saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, the U.S. ($X) remains the largest maize supplier in Northern America, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

In the U.S., maize exports increased at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

The maize export price in Northern America stood at $X per tonne in 2020, growing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, export prices reached the peak figure in 2020 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2020, the country with the highest price was Canada ($X per tonne), while the U.S. amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Maize Imports

Imports in Northern America

In 2020, the amount of maize (green) imported in Northern America was estimated at X tonnes, therefore, remained relatively stable against the year before. Total imports indicated pronounced growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2007 indices. The growth pace was the most rapid in 2017 when imports increased by X% year-to-year. The volume of import peaked in 2020 and is likely to see gradual growth in the immediate term.

In value terms, maize imports rose notably to $X in 2020. Total imports indicated a remarkable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2007 indices. The growth pace was the most rapid in 2017 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure in 2020 and are likely to see gradual growth in the immediate term.

Imports by Country

The U.S. was the largest importing country with an import of around X tonnes, which resulted at X% of total imports. It was distantly followed by Canada (X tonnes), mixing up a X% share of total imports.

The U.S. was also the fastest-growing in terms of the maize (green) imports, with a CAGR of +X% from 2007 to 2020. Canada experienced a relatively flat trend pattern. From 2007 to 2020, the share of the U.S. increased by +X% percentage points, while Canada (-X p.p.) saw their share reduced.

In value terms, the U.S. ($X) constitutes the largest market for imported maize (green) in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value in the U.S. amounted to +X%.

Import Prices by Country

In 2020, the maize import price in Northern America amounted to $X per tonne, with an increase of X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per tonne), while the U.S. amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

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The country with the largest volume of maize consumption was the U.S. (3M tonnes), accounting for 91% of total volume. Moreover, maize consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Canada (293K tonnes), tenfold.

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

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The U.S. (2.8M tonnes) remains the largest maize producing country in Northern America, comprising approx. 94% of total volume. Moreover, maize production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (187K tonnes), more than tenfold.

What are the leading exporters of maize (green) in Northern America?

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In value terms, the U.S. ($176M) remains the largest maize supplier in Northern America, comprising 94% of total exports. The second position in the ranking was occupied by Canada ($11M), with a 5.6% share of total exports.

What are the leading importers of maize (green) in Northern America?

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In value terms, the U.S. ($349M) constitutes the largest market for imported maize (green) in Northern America, comprising 67% of total imports. The second position in the ranking was occupied by Canada ($169M), with a 33% share of total imports.

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

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In 2020, the maize export price in Northern America amounted to $1,318 per tonne, picking up by 2.6% against the previous year.

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

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The maize import price in Northern America stood at $1,003 per tonne in 2020, growing by 5.4% against the previous year.