Spain: Maize Market Overview 2021

Maize Market Size in Spain

In 2020, the Spanish maize market decreased by -X% to $X, falling for the second year in a row after two years of growth. Overall, consumption saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2008; however, from 2009 to 2020, consumption remained at a lower figure.

Maize Production in Spain

In value terms, maize production shrank to $X in 2020 estimated in export prices. In general, production saw a noticeable decrease. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

In 2020, the average maize yield in Spain was estimated at X kg per ha, therefore, remained relatively stable against 2019. Over the period under review, 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 Spain stood at X ha in 2020, remaining stable against 2019 figures. Overall, the harvested area showed a relatively flat trend pattern.

Maize Exports

Exports from Spain

In 2020, exports of maize (green) from Spain skyrocketed to X tonnes, rising by X% compared with the previous year's figure. Overall, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2019 with an increase of X% y-o-y. Exports peaked in 2020 and are likely to see gradual growth in the near future.

In value terms, maize exports expanded sharply to $X in 2020. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Exports peaked in 2020 and are likely to continue growth in the near future.

Exports by Country

The UK (X tonnes) was the main destination for maize exports from Spain, with a X% share of total exports. Moreover, maize exports to the UK exceeded the volume sent to the second major destination, France (X tonnes), twofold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the UK stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and Germany (+X% per year).

In value terms, the UK ($X), Germany ($X) and France ($X) were the largest markets for maize exported from Spain worldwide, with a combined X% share of total exports. These countries were followed by the Netherlands, Sweden, Andorra, Poland, Portugal, Italy, Belgium and the Czech Republic, which together accounted for a further X Czech Republic recorded the highest growth rate of the value of exports, among 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 2020, the average maize export price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Sweden, while the prices for the other major destinations experienced more modest paces of growth.

Maize Imports

Imports into Spain

In 2020, approx. X tonnes of maize (green) were imported into Spain; declining by -X% against the previous year. Overall, imports, however, posted a modest expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes. from 2014 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, maize imports totaled $X in 2020. In general, total imports indicated a notable increase from 2007 to 2020: its value 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 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2020 and are likely to see gradual growth in years to come.

Imports by Country

In 2020, Morocco (X tonnes) constituted the largest supplier of maize to Spain, accounting for a X% share of total imports. Moreover, maize imports from Morocco exceeded the figures recorded by the second-largest supplier, France (X tonnes), threefold. Costa Rica (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Morocco stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and Costa Rica (+X% per year).

In value terms, Morocco ($X) constituted the largest supplier of maize to Spain, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by Honduras, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Morocco stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and Honduras (+X% per year).

Import Prices by Country

In 2020, the average maize import price amounted to $X per tonne, rising by X% against the previous year. In general, import price indicated tangible growth from 2007 to 2020: its price 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, maize import price increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2018 an increase of X% y-o-y. The import price peaked in 2020 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Honduras ($X per tonne), while the price for Costa Rica ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform