Report Update Apr 1, 2024

Puerto Rico - Maize - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Maize Market 2024

Maize Market Size in Puerto Rico

In 2021, after three years of growth, there was significant decline in the Puerto Rican maize market, when its value decreased by -12.8% to $X. Overall, consumption showed a deep slump. Puerto Rico consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Maize Production in Puerto Rico

In value terms, maize production reduced to $X in 2021 estimated in export price. Overall, production faced a deep setback. The growth pace was the most rapid in 2016 with an increase of 174%. Puerto Rico production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

The average yield of maize in Puerto Rico shrank dramatically to X tons per ha in 2021, with a decrease of -21.6% against the previous year's figure. Over the period under review, the yield, however, posted a modest increase. The growth pace was the most rapid in 2016 with an increase of 338%. The global yield peaked at X tons per ha in 2020, and then reduced sharply in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the maize harvested area in Puerto Rico was estimated at X ha, increasing by 11% compared with the previous year. In general, the harvested area, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 when the harvested area increased by 100% against the previous year. The global harvested area peaked at X ha in 2012; however, from 2013 to 2021, the harvested area remained at a lower figure.

Maize Exports

Exports by Country

In 2021, the United States (X tons) was the key exporter of maize, achieving 36% of total exports. Argentina (X tons) ranks second in terms of the total exports with a 19% share, followed by Ukraine (13%) and Brazil (10%). Romania (X tons), France (X tons), India (X tons), South Africa (X tons) and Hungary (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were in Romania (with a CAGR of +13.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the largest maize supplier from Puerto Rico, comprising 37% of global exports. The second position in the ranking was held by Argentina ($X), with a 16% share of global exports. It was followed by Ukraine, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +7.8%. In the other countries, the average annual rates were as follows: Argentina (+6.3% per year) and Ukraine (+4.6% per year).

Maize Imports

Imports by Country

In 2021, China (X tons), distantly followed by Japan (X tons), South Korea (X tons) and Vietnam (X tons) were the key importers of maize, together generating 41% of total imports. Spain (X tons), Egypt (X tons), Mexico (X tons), Iran (X tons), Colombia (X tons), Italy (X tons), the Netherlands (X tons), Taiwan (Chinese) (X tons) and Malaysia (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to maize imports into China stood at +21.6%. At the same time, Vietnam (+23.3%), Italy (+7.9%), Egypt (+6.8%), Colombia (+6.8%), South Korea (+4.0%), Spain (+3.6%), Iran (+3.3%), Malaysia (+2.5%) and the Netherlands (+2.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of +23.3% from 2012-2021. Japan and Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Mexico (-4.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Vietnam increased by +16 and +4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Mexico ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 33% share of total imports. These countries were followed by South Korea, Vietnam, Egypt, Spain, the Netherlands, Iran, Colombia, Italy, Taiwan (Chinese) and Malaysia, which together accounted for a further 33%.

Vietnam, with a CAGR of +19.2%, recorded the highest growth rate of 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.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for maize in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and Brazil, with a combined 58% share of global consumption. Mexico, India, Indonesia and Argentina lagged somewhat behind, together comprising a further 9%.

What are the largest producers of maize in the world?

The countries with the highest volumes of production in 2021 were the United States, China and Brazil, together accounting for 62% of global production. Argentina, Ukraine, India, Mexico and Indonesia lagged somewhat behind, together accounting for a further 15%.

What are the leading suppliers of maize to Puerto Rico?

In value terms, the largest maize importing markets into Puerto Rico were China, Mexico and Japan, with a combined 33% share of total imports. These countries were followed by South Korea, Vietnam, Egypt, Spain, the Netherlands, Iran, Colombia, Italy, Taiwan Chinese) and Malaysia, which together accounted for a further 33%.

What are the leading importers of maize from Puerto Rico?

In value terms, the United States remains the largest maize supplier from Puerto Rico, comprising 37% of global exports. The second position in the ranking was held by Argentina, with a 16% share of global exports. It was followed by Ukraine, with a 12% share.

This report provides an in-depth analysis of the maize market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 56 - Maize

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023