Saudi Arabia: Maize Market Overview 2021

Maize Market Size in Saudi Arabia

The Saudi maize market was estimated at $X in 2018, standing approx. at the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Maize consumption peaked at $X in 2017, and then was estimated in the following year.

Maize Production in Saudi Arabia

In value terms, maize production soared to $X in 2019 estimated in export prices. Over the period under review, production saw prominent growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

The average yield of maize (green) in Saudi Arabia amounted to X kg per ha in 2019, standing approx. at the previous year's figure. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The maize harvested area in Saudi Arabia stood at X ha in 2019, stabilizing at the year before. In general, the harvested area saw a relatively flat trend pattern.

Maize Exports

Exports from Saudi Arabia

In 2019, exports of maize (green) from Saudi Arabia reduced slightly to X tonnes, which is down by -X% compared with the year before. Overall, exports, however, recorded a moderate increase. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. As a result, exports attained the peak of X tonnes. From 2017 to 2019, the growth exports remained at a lower figure.

In value terms, maize exports expanded significantly to $X in 2019. In general, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. As a result, exports attained the peak of $X. From 2017 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Qatar (X tonnes) was the main destination for maize exports from Saudi Arabia, with a X% share of total exports. Moreover, maize exports to Qatar exceeded the volume sent to the second major destination, Bahrain (X tonnes), threefold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Qatar was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, Qatar ($X), the United Arab Emirates ($X) and Bahrain ($X) constituted the largest markets for maize exported from Saudi Arabia worldwide, together comprising X% of total exports.

The United Arab Emirates 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 2019, the average maize export price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, export price indicated a prominent increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, maize export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2017 an increase of X% year-to-year. Over the period under review, average export prices hit record highs in 2019 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was the United Arab Emirates ($X per tonne), while the average price for exports to Qatar ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Qatar, while the prices for the other major destinations experienced mixed trend patterns.

Maize Imports

Imports into Saudi Arabia

In 2019, overseas purchases of maize (green) decreased by -X% to X tonnes, falling for the second year in a row after five years of growth. Over the period under review, imports showed a pronounced downturn. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

In value terms, maize imports dropped notably to $X in 2019. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Imports peaked at $X in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, India (X tonnes) constituted the largest maize supplier to Saudi Arabia, with a X% share of total imports. Moreover, maize imports from India exceeded the figures recorded by the second-largest supplier, Bangladesh (X tonnes), twofold. The United Arab Emirates (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from India amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (-X% per year) and the United Arab Emirates (+X% per year).

In value terms, India ($X) constituted the largest supplier of maize to Saudi Arabia, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

From 2007 to 2019, the average annual growth rate of value from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Bangladesh (-X% per year).

Import Prices by Country

In 2019, the average maize import price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, import price indicated measured growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, maize import price decreased by +X% against 2015 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per tonne in 2018, and then dropped rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the price for the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Bangladesh, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

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The U.S. (3.1M tonnes) constituted the country with the largest volume of maize consumption, comprising approx. 25% of total volume. Moreover, maize consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Croatia (891K tonnes), threefold. The third position in this ranking was occupied by Nigeria (795K tonnes), with a 6.4% share.

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

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The country with the largest volume of maize production was the U.S. (2.9M tonnes), accounting for 23% of total volume. Moreover, maize production in the U.S. exceeded the figures recorded by the second-largest producer, Mexico (971K tonnes), threefold. Croatia (889K tonnes) ranked third in terms of total production with a 7.1% share.

What are the leading suppliers of maize (green) to Saudi Arabia?

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In value terms, India ($1.9M) constituted the largest supplier of maize to Saudi Arabia, comprising 37% of total imports. The second position in the ranking was occupied by the Netherlands ($885K), with a 17% share of total imports. It was followed by Bangladesh, with a 14% share.

What are the leading importers of maize (green) from Saudi Arabia?

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In value terms, Qatar ($2.4M), the United Arab Emirates ($1.7M) and Bahrain ($1M) appeared to be the largest markets for maize exported from Saudi Arabia worldwide, together comprising 100% of total exports.

What is the average export price for maize (green) in Saudi Arabia?

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In 2019, the average maize export price amounted to $466 per tonne, surging by 13% against the previous year.

What is the average import price for maize (green) in Saudi Arabia?

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The average maize import price stood at $1,335 per tonne in 2019, waning by -19.4% against the previous year.