Report World - Maize - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 11, 2023

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

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Global Maize Market 2023

Maize Market Size

The global maize market expanded modestly to $X in 2021, picking up by 2.7% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Global consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Maize Production

In value terms, maize production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 14% against the previous year. Over the period under review, global production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

The countries with the highest volumes of production in 2021 were the United States (X tons), China (X tons) and Brazil (X tons), with a combined 62% share of global production. These countries were followed by Argentina, Ukraine, India, Mexico and Indonesia, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Argentina (with a CAGR of +11.8%), while production for the other global leaders experienced more modest paces of growth.

The global average maize yield totaled X tons per ha in 2021, approximately reflecting the year before. The yield figure increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the yield increased by 11% against the previous year. The global yield peaked at X tons per ha in 2018; afterwards, it flattened through to 2021. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the global harvested area of maize declined modestly to X ha, therefore, remained relatively stable against the year before. The harvested area increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the harvested area increased by 4%. Over the period under review, the harvested area dedicated to maize production reached the peak figure at X ha in 2020, and then contracted modestly in the following year.

Maize Exports

Exports

For the tenth consecutive year, the global market recorded growth in overseas shipments of maize, which increased by 1.6% to X tons in 2021. In general, total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +61.9% against 2012 indices. The growth pace was the most rapid in 2015 when exports increased by 14%. The global exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, maize exports soared to $X in 2021. Overall, total exports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +76.4% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States was the largest exporting country with an export of about X tons, which resulted at 36% of total exports. Argentina (X tons) held the second position in the ranking, followed by Ukraine (X tons) and Brazil (X tons). All these countries together took approx. 42% share of total exports. Romania (X tons), France (X tons), India (X tons), South Africa (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Romania (with a CAGR of +13.6%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the largest maize supplier worldwide, comprising 37% of global exports. The second position in the ranking was held by Argentina ($X), with a 16% share of global exports. It was followed by Ukraine, with a 12% share.

In the United States, maize exports expanded at an average annual rate of +7.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Argentina (+6.3% per year) and Ukraine (+4.6% per year).

Export Prices by Country

In 2021, the average maize export price amounted to $X per ton, rising by 36% against the previous year. Overall, the export price, however, showed a mild contraction. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+1.8%), while the other global leaders experienced mixed trends in the export price figures.

Maize Imports

Imports

In 2021, the amount of maize imported worldwide surged to X tons, rising by 17% on the previous year. In general, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.3% against 2013 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, maize imports skyrocketed to $X in 2021. Overall, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +71.0% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons), distantly followed by Japan (X tons), South Korea (X tons) and Vietnam (X tons) were the key importers of maize, together creating 41% of total imports. The following importers - Spain (X tons), Egypt (X tons), Mexico (X tons), Iran (X tons), Colombia (X tons), Italy (X tons), the Netherlands (X tons), Taiwan (Chinese) (X tons) and Malaysia (X tons) - together made up 27% of total imports.

From 2012 to 2021, average annual rates of growth with regard to maize imports into China stood at +21.6%. At the same time, Vietnam (+23.3%), Italy (+7.9%), Egypt (+6.8%), Colombia (+6.8%), South Korea (+4.0%), Spain (+3.6%), Iran (+3.3%), Malaysia (+2.5%) and the Netherlands (+2.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of +23.3% from 2012-2021. Japan and Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Mexico (-4.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Vietnam increased by +16 and +4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Mexico ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 33% of global imports. These countries were followed by South Korea, Vietnam, Egypt, Spain, the Netherlands, Iran, Colombia, Italy, Taiwan (Chinese) and Malaysia, which together accounted for a further 33%.

In terms of the main importing countries, Vietnam, with a CAGR of +19.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average maize import price stood at $X per ton in 2021, picking up by 18% against the previous year. Overall, the import price, however, saw a slight contraction. Global import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+11.1%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for maize in the world?
+
The countries with the highest volumes of consumption in 2021 were China, the United States and Brazil, together accounting for 58% of global consumption. Mexico, India, Indonesia and Argentina lagged somewhat behind, together accounting for a further 9%.
What are the largest producers of maize in the world?
+
The countries with the highest volumes of production in 2021 were the United States, China and Brazil, together comprising 62% of global production. These countries were followed by Argentina, Ukraine, India, Mexico and Indonesia, which together accounted for a further 15%.
What are the leading exporters of maize in the world?
+
In value terms, the United States remains the largest maize supplier worldwide, comprising 37% of global exports. The second position in the ranking was taken by Argentina, with a 16% share of global exports. It was followed by Ukraine, with a 12% share.
What are the leading importers of maize in the world?
+
In value terms, the largest maize importing markets worldwide were China, Mexico and Japan, with a combined 33% share of global imports. These countries were followed by South Korea, Vietnam, Egypt, Spain, the Netherlands, Iran, Colombia, Italy, Taiwan Chinese) and Malaysia, which together accounted for a further 33%.
What is the average export price for maize in the world?
+
In 2021, the average maize export price amounted to $259 per ton, growing by 36% against the previous year.
What is the average import price for maize in the world?
+
In 2021, the average maize import price amounted to $278 per ton, rising by 18% against the previous year.

This report provides an in-depth analysis of the global maize market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 56 - Maize

Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Company coverage:
Viterra, Cargill, Bunge, Dreyfus, Archer Daniels Midland Company, Krasnodaragroalliance, TPK Varna, Maize Corporation, Westland Corporation, Kyodo Yushi Manufacturing Americas, ICAMED, SEA, Genesis Harvest Trade & Co, Adjacent Properties Corp, Genuine Energy Inc, UBiquitousGCS LLC International Import Export, F. Garcia, Calgrain Corporation, Star Trading Inc., Dcosta Padma, Monzelle Commodities, Daah Volta Farms, Triumph Global, Agtrium International, Leo Taurus Corp., Macvern Distribution Limited, Adjacent Properties Corp.

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Harvested Area, By Country, 2007-2022
Table 7:
Yield, By Country, 2007-2022
Table 8:
Imports, In Physical Terms, By Country, 2012–2022
Table 9:
Imports, In Value Terms, By Country, 2012–2022
Table 10:
Import Prices, By Country Of Destination, 2012–2022
Table 11:
Exports, In Physical Terms, By Country, 2012–2022
Table 12:
Exports, In Value Terms, By Country, 2012–2022
Table 13:
Export Prices, By Country Of Origin, 2012–2022
Table 14:
Producer Prices, By Major Producing Country, 2022
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2012–2022
Figure 18:
Production, In Value Terms, 2012–2022
Figure 19:
Area Harvested, 2012–2022
Figure 20:
Yield, 2012–2022
Figure 21:
Production, By Country, 2022
Figure 22:
Production, In Physical Terms, By Country, 2012–2022
Figure 23:
Harvested Area, By Country, 2022
Figure 24:
Harvested Area, By Country, 2007-2022
Figure 25:
Yield, By Country, 2007-2022
Figure 26:
Imports, In Physical Terms, 2012–2022
Figure 27:
Imports, In Value Terms, 2012–2022
Figure 28:
Imports, In Physical Terms, By Country, 2022
Figure 29:
Imports, In Physical Terms, By Country, 2012–2022
Figure 30:
Imports, In Value Terms, By Country, 2012–2022
Figure 31:
Import Prices, By Country, 2012–2022
Figure 32:
Exports, In Physical Terms, 2012–2022
Figure 33:
Exports, In Value Terms, 2012–2022
Figure 34:
Exports, In Physical Terms, By Country, 2022
Figure 35:
Exports, In Physical Terms, By Country, 2012–2022
Figure 36:
Exports, In Value Terms, By Country, 2012–2022
Figure 37:
Export Prices, 2012–2022
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