Global Maize Market Overview 2021

Maize Market Size

In 2020, the global maize market decreased by -X% to $X, falling for the second year in a row after three years of growth. Over the period under review, the total consumption indicated moderate growth 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, consumption decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, the global market hit record highs at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Maize Production

In value terms, maize production stood at $X in 2020 estimated in export prices. In general, the total production indicated a noticeable increase from 2007 to 2020: its value 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, production decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% y-o-y. Global production peaked at $X in 2018; however, from 2019 to 2020, production failed to regain the momentum.

The countries with the highest volumes of maize production in 2020 were the U.S. (X tonnes), China (X tonnes) and Brazil (X tonnes), with a combined X% share of global production. These countries were followed by Argentina, Ukraine, Indonesia, India, Mexico and Romania, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of maize production, amongst the main producing countries, was attained by Ukraine, while maize production for the other global leaders experienced more modest paces of growth.

The global average maize yield expanded slightly to X tonnes per ha in 2020, increasing by X% on 2019 figures. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the average maize yield attained the maximum level in 2020 and is likely to see gradual growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The global maize harvested area reached X ha in 2020, growing by X% on the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2012 when the harvested area increased by X% year-to-year. The global harvested area peaked in 2020 and is likely to see gradual growth in the near future.

Production By Country

The countries with the highest volumes of maize production in 2020 were the U.S. (X tonnes), China (X tonnes) and Brazil (X tonnes), with a combined X% share of global production. These countries were followed by Argentina, Ukraine, Indonesia, India, Mexico and Romania, which together accounted for a further X 2007 to 2020, the biggest increases were in Ukraine, while maize production for the other global leaders experienced more modest paces of growth.

Maize Exports

Exports

In 2020, global exports of maize rose rapidly to X tonnes, increasing by X% compared with 2019. Overall, total exports indicated a pronounced increase from 2007 to 2020: its volume 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, exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Over the period under review, global exports hit record highs in 2020 and are expected to retain growth in the near future.

In value terms, maize exports reached $X in 2020. Over the period under review, total exports indicated measured growth 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, exports increased by +X% against 2017 indices. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, global exports reached the peak figure in 2020 and are expected to retain growth in years to come.

Exports by Country

The U.S. (X tonnes), Argentina (X tonnes), Brazil (X tonnes) and Ukraine (X tonnes) represented roughly X% of total exports of maize in 2020. The following exporters - Romania (X tonnes), France (X tonnes), Hungary (X tonnes) and Serbia (X tonnes) - together made up X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Romania, while exports for the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Argentina ($X) and Brazil ($X) appeared to be the countries with the highest levels of exports in 2020, with a combined X% share of global exports. Ukraine, France, Romania, Hungary and Serbia lagged somewhat behind, together comprising a further X saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average maize export price stood at $X per tonne in 2020, shrinking by -X% against the previous year. In general, the export price recorded a slight downturn. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per tonne), while Argentina ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced more modest paces of growth.

Maize Imports

Imports

In 2020, supplies from abroad of maize decreased by -X% to X tonnes for the first time since 2013, thus ending a six-year rising trend. Overall, total imports indicated a temperate expansion from 2007 to 2020: its volume 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 2009 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Global imports peaked at X tonnes in 2019, and then shrank slightly in the following year.

In value terms, maize imports totaled $X in 2020. In general, total imports indicated notable growth 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 was the most pronounced in 2011 with an increase of X% year-to-year. Global imports peaked in 2020 and are expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of maize imports in 2020 were Mexico (X tonnes), Japan (X tonnes), Viet Nam (X tonnes), South Korea (X tonnes), Egypt (X tonnes), Spain (X tonnes), China (X tonnes), the Netherlands (X tonnes), Italy (X tonnes), Iran (X tonnes), Colombia (X tonnes) and Algeria (X tonnes), together amounting to X% of total import. Malaysia (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Viet Nam, while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest maize importing markets worldwide were Japan ($X), Mexico ($X) and China ($X), with a combined X% share of global imports. These countries were followed by Viet Nam, South Korea, Egypt, Spain, the Netherlands, Italy, Colombia, Iran, Algeria and Malaysia, which together accounted for a further X Nam recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average maize import price amounted to $X per tonne, growing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per tonne), while Algeria ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Iran, while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for maize in the world?

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The countries with the highest volumes of maize consumption in 2020 were the U.S. (306M tonnes), China (280M tonnes) and Brazil (74M tonnes), together accounting for 56% of global consumption. Mexico, Indonesia, India and Argentina lagged somewhat behind, together comprising a further 11%.

What are the largest producers of maize in the world?

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The countries with the highest volumes of maize production in 2020 were the U.S. (348M tonnes), China (273M tonnes) and Brazil (107M tonnes), with a combined 61% share of global production. Argentina, Ukraine, Indonesia, India, Mexico and Romania lagged somewhat behind, together accounting for a further 18%.

What are the leading suppliers of maize in the world?

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In value terms, the U.S. ($9.6B), Argentina ($6B) and Brazil ($5.9B) appeared to be the countries with the highest levels of exports in 2020, together comprising 58% of global exports. Ukraine, France, Romania, Hungary and Serbia lagged somewhat behind, together accounting for a further 26%.

What are the leading importers of maize in the world?

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In value terms, the largest maize importing markets worldwide were Japan ($3.3B), Mexico ($3.1B) and China ($2.5B), with a combined 24% share of global imports. These countries were followed by Viet Nam, South Korea, Egypt, Spain, the Netherlands, Italy, Colombia, Iran, Algeria and Malaysia, which together accounted for a further 39%.

What is the average export price for maize in the world?

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In 2020, the average maize export price amounted to $201 per tonne, reducing by -12.1% against the previous year.

What is the average import price for maize in the world?

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In 2020, the average maize import price amounted to $219 per tonne, with an increase of 3.6% against the previous year.