World - Maize - Market Analysis, Forecast, Size, Trends and Insights

Global Maize Market Overview 2019

Maize Market Size

The global maize market revenue amounted to $X in 2018, growing by X% against the previous year. In general, the total market indicated a prominent expansion from 2007 to 2018: its value 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 2018 figures, the maize consumption increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2010, with an increase of X% year-to-year. Over the period under review, the global maize market attained its maximum level at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Maize Production

In value terms, maize production totaled $X in 2018 estimated in export prices. In general, maize production continues to indicate a strong growth. The growth pace was the most rapid in 2017, when the the output figure increased by X% year-to-year. Over the period under review, global maize production attained its maximum level in 2018, and is likely to continue its growth in the near future.

The countries with the highest volumes of maize production in 2018 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, Indonesia, India, Mexico and Japan, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of maize production, amongst the main producing countries, was attained by Indonesia, while the other global leaders experienced more modest paces of growth.

In 2018, the global average maize yield stood at X tonne per ha, remaining stable against the previous year. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations over the period under review. The growth pace was the most rapid in 2013, with an increase of X% year-to-year. Global maize yield peaked at X tonne per ha in 2017, leveling off in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Global maize harvested area stood at X ha in 2018, picking up by X% against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2012, with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to maize production attained its maximum in 2018, and is likely to continue its growth in the immediate term.

Maize Exports

Exports 2007-2018

Global exports totaled X tonnes in 2018, shrinking by -X% against the previous year. In general, maize exports, however, continue to indicate a moderate growth. The growth pace was the most rapid in 2017, when the exports increased by X% against the previous year. In that year, global maize exports attained their peak of X tonnes, and then declined slightly in the following year.

In value terms, maize exports stood at $X in 2018. In general, the total exports indicated a remarkable increase from 2007 to 2018: its value 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 2018 figures, the maize exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011, when the exports increased by X% against the previous year. Over the period under review, global maize exports reached their peak figure at $X in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, the U.S. (X tonnes) represented the main exporter for maize, achieving X% of total exports. It was distantly followed by Brazil (X tonnes), Argentina (X tonnes) and Ukraine (X tonnes), together constituting X% share of total exports. France (X tonnes), Romania (X tonnes) and Russia (X tonnes) occupied a minor share of total exports.

From 2007 to 2018, average annual rates of growth with regard to maize exports from the U.S. stood at +X%. At the same time, Ukraine (+X%), Romania (+X%), Russia (+X%) and Brazil (+X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2018. Argentina experienced a relatively flat trend pattern. By contrast, France (-X%) illustrated a downward trend over the same period. While the share of France (X%) increased significantly in terms of the global exports from 2007-2018, the share of Brazil (-X%), Russia (-X%), Romania (-X%), the U.S. (-X%) and Ukraine (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest maize supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Argentina ($X), with a X% share of global exports. It was followed by Brazil, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. stood at +X%. In the other countries, the average annual rates were as follows: Argentina (+X% per year) and Brazil (+X% per year).

Export Prices by Country

In 2018, the average maize export price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the export price indicated a measured growth from 2007 to 2018: its price 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 2018 figures, the maize export price decreased by -X% against 2010 indices. The growth pace was the most rapid in 2008, an increase of X% y-o-y. Over the period under review, the average export prices for maize attained their peak figure at $X per tonne in 2010; however, from 2011 to 2018, export prices failed to regain their momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by France, while the other global leaders experienced more modest paces of growth.

Maize Imports

Imports 2007-2018

Global imports amounted to X tonnes in 2018, surging by X% against the previous year. In general, the total imports indicated a remarkable increase from 2007 to 2018: its volume 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 2018 figures, the maize imports increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2014, when the imports increased by X% year-to-year. Over the period under review, global maize imports reached their peak figure in 2018, and are likely to continue its growth in the near future.

In value terms, maize imports amounted to $X in 2018. Over the period under review, the total imports indicated a perceptible increase from 2007 to 2018: its value 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 2018 figures, the maize imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011, with an increase of X% against the previous year. Over the period under review, global maize imports attained their peak figure at $X in 2013; however, from 2014 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Japan (X tonnes) and Mexico (X tonnes) represented roughly X% of total imports of maize in 2018. Peru (X tonnes) took the next position in the ranking, followed by South Korea (X tonnes), Viet Nam (X tonnes), Spain (X tonnes), Iran (X tonnes) and Egypt (X tonnes). All these countries together occupied near X% share of total imports. The following importers - the Netherlands (X tonnes), Colombia (X tonnes), Malaysia (X tonnes) and Italy (X tonnes) together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Viet Nam, while 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 South Korea ($X), with a combined X% share of global imports. These countries were followed by Viet Nam, Egypt, Spain, Iran, the Netherlands, Italy, Colombia, Malaysia and Peru, which together accounted for a further X Nam experienced the highest growth rate of imports, among the main importing countries over the last decade, while the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average maize import price amounted to $X per tonne, surging by X% against the previous year. Overall, the maize import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013, an increase of X% y-o-y. In that year, the average import prices for maize reached their peak level of $X per tonne. From 2014 to 2018, the growth in terms of the average import prices for maize failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Italy ($X per tonne), while Peru ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by Iran, while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform