Spain: Maize Market Overview 2021

Maize Market Size in Spain

In 2019, the Spanish maize market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. Over the period under review, consumption saw a sharp contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, the market reached the peak level at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Maize Production in Spain

In value terms, maize production reduced to $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Maize production peaked at $X in 2007; however, from 2008 to 2019, production failed to regain the momentum.

In 2019, the average yield of maize (green) in Spain totaled X kg per ha, therefore, remained relatively stable against 2018 figures. Overall, the yield recorded 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.

In 2019, the total area harvested in terms of maize (green) production in Spain stood at X ha, leveling off at the previous year's figure. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Maize Exports

Exports from Spain

In 2019, approx. X tonnes of maize (green) were exported from Spain; with an increase of X% against 2018 figures. Over the period under review, exports recorded a buoyant expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, maize exports skyrocketed to $X in 2019. In general, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Exports peaked in 2019 and are likely to see gradual growth in the near future.

Exports by Country

The UK (X tonnes), France (X tonnes) and Germany (X tonnes) were the main destinations of maize exports from Spain, together accounting for X% of total exports.

From 2007 to 2019, the biggest increases were in Germany, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for maize exported from Spain were the UK ($X), Germany ($X) and France ($X), together comprising X% of total exports. The Netherlands, Andorra, Algeria and Portugal lagged somewhat behind, together accounting for a further X Netherlands saw 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

The average maize export price stood at $X per tonne in 2019, falling by -X% against the previous year. Over the period under review, the export price recorded a noticeable decline. The pace of growth was the most pronounced in 2014 an increase of X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2007; however, from 2008 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Portugal ($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 the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.

Maize Imports

Imports into Spain

In 2019, imports of maize (green) into Spain rose to X tonnes, increasing by X% on the previous year's figure. Overall, total imports indicated a perceptible increase from 2007 to 2019: its volume 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, imports decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. As a result, imports attained the peak of X tonnes. From 2018 to 2019, the growth imports remained at a lower figure.

In value terms, maize imports totaled $X in 2019. Over the period under review, total imports indicated a prominent expansion from 2007 to 2019: its value 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, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2019, 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, Portugal (X tonnes), fourfold. The third position in this ranking was occupied by France (X tonnes), with a X% share.

From 2007 to 2019, 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: Portugal (+X% per year) and France (-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 2019, the average annual rate of growth in terms 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

The average maize import price stood at $X per tonne in 2019, with an increase of X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% y-o-y. The import price peaked in 2019 and is expected to retain growth in the immediate term.

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

From 2007 to 2019, 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 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) remains the largest maize consuming country worldwide, accounting for 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 U.S. (2.9M tonnes) remains the largest maize producing country worldwide, comprising approx. 23% of total volume. Moreover, maize production in the U.S. exceeded the figures recorded by the second-largest producer, Mexico (971K tonnes), threefold. The third position in this ranking was occupied by Croatia (889K tonnes), with a 7.1% share.

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

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In value terms, Morocco ($12M) constituted the largest supplier of maize to Spain, comprising 50% of total imports. The second position in the ranking was occupied by France ($3.1M), with a 13% share of total imports. It was followed by Honduras, with a 8.3% share.

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

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In value terms, the UK ($27M), Germany ($17M) and France ($15M) appeared to be the largest markets for maize exported from Spain worldwide, together comprising 50% of total exports. These countries were followed by the Netherlands, Andorra, Algeria and Portugal, which together accounted for a further 24%.

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

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In 2019, the average maize export price amounted to $1,223 per tonne, reducing by -9.9% against the previous year.

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

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The average maize import price stood at $1,822 per tonne in 2019, with an increase of 7.5% against the previous year.