South Africa: Maize Market 2024

Maize Market Size in South Africa

In 2022, the South African maize market decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption continues to indicate a mild slump. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Maize Production in South Africa

In value terms, maize production expanded notably to $X in 2022 estimated in export price. Overall, production saw a mild descent. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average yield of maize in South Africa reached X tons per ha, stabilizing at the previous year's figure. Over the period under review, the yield indicated a modest increase 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2022, the growth of the average 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.

The maize harvested area in South Africa fell to X ha in 2022, with a decrease of X% against the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the harvested area increased by X% against the previous year. The maize harvested area peaked at X ha in 2021, and then shrank modestly in the following year.

Maize Exports

Exports from South Africa

In 2022, overseas shipments of maize increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports saw prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, maize exports soared to $X in 2022. In general, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Taiwan (Chinese) (X tons), Japan (X tons) and Vietnam (X tons) were the main destinations of maize exports from South Africa, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Japan ($X) and Vietnam ($X) constituted the largest markets for maize exported from South Africa worldwide, together accounting for X% of total exports.

Among the main countries of destination, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average maize export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The export price 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 for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Botswana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Maize Imports

Imports into South Africa

For the third year in a row, South Africa recorded decline in overseas purchases of maize, which decreased by X% to X tons in 2022. In general, imports saw a sharp downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, maize imports dropped remarkably to $X in 2022. Overall, imports saw a deep downturn. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Zambia (X tons) and Chile (X tons) were the main suppliers of maize imports to South Africa, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest maize suppliers to South Africa were the United States ($X), Chile ($X) and Zambia ($X), with a combined X% share of total imports.

In terms of the main suppliers, Chile, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average maize import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price recorded significant growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Swaziland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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