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

Global Maize Market Overview 2018

Maize Production

Global maize market revenue amounted to $X in 2017, increasing by X% against the previous year. This figure reflects total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total market indicated a strong growth from 2007 to 2017: it value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the maize consumption increased by +X% against 2015 indices. The growth pace was the most rapid in 2013, an increase of X% y-o-y. Global maize consumption peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In 2017, the amount of maize produced worldwide stood at X tonnes, picking up by X% against the previous year. The total output volume had been increasing at an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2013, when it surged by X% y-o-y. Global maize production peaked in 2017, and is likely to see steady growth in the immediate term. The general positive trend of maize output was largely conditioned by a pronounced expansion of the harvested area and a slight growth in yield figures.

The countries with the highest volumes of maize production in 2017 were the U.S. (X tonnes), China (X tonnes), and Brazil (X tonnes), together accounting for X% of global production. Argentina, Ukraine, Mexico, India, Indonesia and Russia lagged somewhat behind, together comprising a further X%.

From 2007 to 2017, the most notable growth rate of maize production, among the main producing countries, was attained by Russia (+X% per year), while the other global leaders experienced more modest paces of growth.

Global average maize yield totaled X tonne per ha in 2017, growing by X% against the previous year. The yield figure had been increasing at an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013, an increase of X% y-o-y. Global maize yield peaked in 2017, and is likely to continue 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 2017, the total area harvested in terms of maize production worldwide stood at X ha, coming up by X% against the previous year. The harvested area had been increasing at an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2011, when it surged by X% from the previous year. Over the period under review, the harvested area dedicated to maize production reached its maximum in 2017, and is likely to see steady growth in the immediate term.

Maize Exports

In 2017, approx. X tonnes of maize were exported worldwide; descending by -X% against the previous year. The total export volume had been increasing at an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2015, when the exports increased by X% y-o-y. In that year, the global maize exports attained its maximum volume of X tonnes. From 2016 to 2017, growth of the global maize exports stood at a somewhat lower level.

In value terms, maize exports totaled $X in 2017. Overall, the total exports indicated a remarkable expansion from 2007 to 2017: it value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the maize exports increased by +X% against 2015 indices. Global exports peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its strength.

Maize Exports by Country

The exports of the four major exporters of maize, namely the U.S., Argentina, Ukraine, and Brazil, represented more than two-thirds of total export. The following exporters - India (X tonnes), Russia (X tonnes), France (X tonnes), Romania (X tonnes), Hungary (X tonnes), and South Africa (X tonnes) together made up X% of total exports.

From 2007 to 2017, the most notable growth rate of exports, among the main exporting countries, was attained by Russia (+X% per year), while the other global leaders experienced more modest paces of growth.

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

In the U.S., maize exports decreased by an average annual rate of -X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Brazil (+X% per year) and Argentina (+X% per year).

Maize Export Prices by Country

In 2017, the average export price for maize amounted to $X per tonne, going up by X% against the previous year. In general, the export price indicated a temperate growth from 2007 to 2017: it increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the maize export price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2011, when it surged by X% from the previous year. In that year, the average export prices for maize attained its maximum level of $X per tonne. From 2012 to 2017, growth of the average export prices for maize failed to regain its strength.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Brazil ($X per tonne), while Argentina ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable growth rate of export prices was attained by Brazil (+X% per year), while the other global leaders experienced more modest paces of growth.