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, picking up by X% against the previous year. Over the period under review, maize consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. In that year, the global maize market reached its peak level and is likely to continue its growth in the immediate term.

Maize Production

In value terms, maize production stood at $X in 2018 estimated in export prices. In general, maize production continues to indicate an abrupt decline. The pace of growth appeared the most rapid in 2017 when production volume increased by X% against the previous year. Over the period under review, global maize production attained its maximum level at $X in 2013; however, from 2014 to 2018, production remained at a lower figure.

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. Argentina, Indonesia, India and Mexico lagged somewhat behind, together accounting for a further X 2013 to 2018, the most notable rate of growth in terms of maize production, amongst the main producing countries, was attained by Argentina, while the other global leaders experienced more modest paces of growth.

In 2018, the global average maize yield stood at X tonne per ha, growing by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when yield increased by X% against the previous year. Over the period under review, the average maize yield attained its maximum level in 2018 and is expected to retain its growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of maize were harvested worldwide; rising by X% against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The global maize harvested area peaked in 2018 and is likely to continue its growth in the immediate term.

Production By Country

The countries with the highest volumes of maize production in 2018 were the U.S. (X tonnes), China (X tonnes) and Brazil (X tonnes), together comprising X% of global production. These countries were followed by Argentina, Indonesia, India, Mexico, Ukraine and South Africa, which together accounted for a further X 2013 to 2018, the most notable rate of growth in terms of maize production, amongst the main producing countries, was attained by Argentina, while the other global leaders experienced more modest paces of growth.

Maize Exports

Exports 2007-2018

In 2018, the global maize exports totaled X tonnes, surging by X% against the previous year. The total export volume increased at an average annual rate of +X% from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. In that year, global maize exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, maize exports totaled $X in 2018. In general, maize exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The global exports peaked at $X in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

Exports by Country

The U.S. was the largest exporter of maize in the world, with the volume of exports accounting for X tonnes, which was approx. X% of total exports in 2018. Brazil (X tonnes) ranks second in terms of the total exports with a X% share, followed by Argentina (X%) and Ukraine (X%). The following exporters - France (X tonnes), Russia (X tonnes) and Romania (X tonnes) - each accounted for an X% share of total exports.

The U.S. was also the fastest-growing in terms of the maize exports, with a CAGR of +X% from 2013 to 2018. At the same time, Russia (+X%), Romania (+X%), Ukraine (+X%), Argentina (+X%) and Brazil (+X%) displayed positive paces of growth. By contrast, France (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.), Ukraine (+X p.p.), Argentina (+X p.p.) and Brazil (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In the U.S., maize exports increased at an average annual rate of +X% over the period from 2013-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-X% per year) and Argentina (-X% per year).

Export Prices by Country

In 2018, the average maize export price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the maize export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. The global export price peaked at $X per tonne in 2013; however, from 2014 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was France ($X per tonne), while Brazil ($X per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other global leaders experienced a decline in the export price figures.

Maize Imports

Imports 2007-2018

Global imports amounted to X tonnes in 2018, surging by X% against the previous year. The total import volume increased at an average annual rate of +X% from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by X% y-o-y. In that year, global maize imports attained their peak and are likely to continue its growth in the immediate term.

In value terms, maize imports totaled $X in 2018. Over the period under review, maize imports continue to indicate a slight reduction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The global imports peaked at $X in 2013; however, from 2014 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Mexico (X tonnes) and Japan (X tonnes) represented the main importers of maizearound the world, together achieving X% of total imports. It was followed by South Korea (X tonnes), Viet Nam (X tonnes), Spain (X tonnes), Iran (X tonnes) and Egypt (X tonnes), together constituting a X% share of total imports. The Netherlands (X tonnes), Italy (X tonnes), Colombia (X tonnes), Saudi Arabia (X tonnes) and Taiwan, Chinese (X tonnes) took a minor share of total imports.

From 2013 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 Mexico ($X), Japan ($X) and South Korea ($X), together accounting for X% of global imports. These countries were followed by Viet Nam, Spain, Iran, Egypt, the Netherlands, Italy, Colombia, Taiwan, Chinese and Saudi Arabia, which together accounted for a further X Nam experienced the highest growth rate of imports, in terms of the main importing countries over the last five-year period, while the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average maize import price stood at $X per tonne in 2018, coming down by -X% against the previous year. Over the period under review, the maize import price continues to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average import prices for maize reached their maximum at $X per tonne in 2013; however, from 2014 to 2018, import prices failed to regain their momentum.

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

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Iran, while the other global leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform