Maize Market Overview and Forecast 2022

Introduction

Maize is a versatile grain that can be used for many different food items. In this report, we will explore the consumer trends, prices, supply and demand for maize in the year 2022.

Consumer Trends

The global maize market contracted to $404.6B in 2021, declining by -6.1% against the previous year, a new report by IndexBox says. There are a few key consumer trends that are affecting the maize market.

First, the trend towards healthy eating is leading consumers to demand more whole grain products. This includes products made with whole grain maize. Second, the popularity of plant-based diets is driving up demand for maize as an alternative to meat. Third, the rise in popularity of convenience foods is leading to increased demand for processed maize products such as flour and cornmeal.

These trends are having a major impact on the prices of maize. Whole grain maize is commanding a premium price, while processed maize products are becoming more affordable. The supply of maize is also changing in response to these trends. Farmers are planting more whole grain varieties of maize in order to meet consumer demand. They are also growing more maize to meet the demand for plant-based alternatives to meat.

Maize Prices

Maize prices have been on the rise in recent years, due in part to increasing demand from countries like China and India. The cost of maize has also been affected by droughts in major producing countries like the United States and Brazil.

As a result of these factors, the price of maize has increased by about 50% since 2016. This has led to higher costs for food manufacturers and livestock farmers who use maize as a feedstock. It has also put pressure on poor consumers who rely on maize as a staple food.

Looking forward, it is expected that maize prices will continue to rise in the short-term due to tight global supplies. However, prices are expected to stabilise over the longer-term as new production comes online and demand growth slows.

Market Outlook for 2022

The maize market is expected to see significant changes in the next few years. Prices are projected to rise as demand for the grain increases. Global production is forecast to increase as well, but not at the same pace as demand. This could lead to tight supplies and higher prices.

Consumers will continue to demand more maize as a food source. Population growth and income gains in developing countries are expected to drive up demand. The use of maize as an animal feed will also contribute to higher demand.

Global production of maize is forecast to reach 1.05 billion metric tons in 2022, up from 990 million metric tons in 2020. The majority of the increases are expected to come from China, the United States, and Brazil. Other major producers include Mexico, Argentina, South Africa, and Ukraine.

The United States is expected to be the largest producer of maize, with output forecast to reach 368 million metric tons in 2022. This would be an increase of 5 percent from 2020 levels. Brazil's production is projected to reach 209 million metric tons in 2022, up 4 percent from 2020.

China's production is forecast to grow more slowly than in other major producing countries. Output is expected to reach 195 millionmetric tons in 2022, up just 1 percent from 2020 levels.

Trade is expected to play a significant role in the maize market. The United States is the largest exporter of the grain, followed by Brazil and Argentina. China is the largest importer, followed by Japan and Mexico.

Global trade in maize is forecast to reach 179 million metric tons in 2022, up from 171 million metric tons in 2020. The United States is expected to export 58 million metric tons of maize in 2022, up from 55 million metric tons in 2020. Brazil's exports are forecast to reach 33 million metric tons in 2022, up from 32 million metric tons in 2020.

The price of maize is expected to rise as demand increases and supplies remain tight. The price of US No. 2 Yellow Corn is forecast to average $173 per metric ton in 2021/22, up from $157 per metric ton in 2020/21.

Maize production and supply

Maize production and supply

Maize is a crop that is widely grown around the world. The United States is the largest producer of maize, followed by China and Brazil. Maize is used for food, feed, and fuel. It is also used in the production of ethanol.

The global maize supply is expected to increase in the coming years. This is due to higher demand from countries like China and India, as well as increased production in South America and Africa. The higher demand is being driven by population growth and the expanding use of maize for biofuels.

Maize prices

Maize prices have been relatively stable in recent years. However, there has been some volatility due to weather conditions and changes in demand. Overall, the price of maize is expected to remain relatively stable in the coming years.

Maize demand

Maize demand is expected to increase in the coming years. This is being driven by population growth and the expanding use of maize for biofuels. The higher demand will lead to higher prices for maize.

Maize Market Trends

Maize consumption is increasing globally

With the world's population expected to reach 9.7 billion by 2050, the demand for maize (corn) is expected to increase significantly. The United Nations Food and Agriculture Organization (FAO) projects that global maize consumption will reach 1.05 billion tonnes by 2050, up from 856 million tonnes in 2016.

The majority of this increase is expected to come from developing countries, where maize consumption is projected to grow by 3.2% per year. This growth is being driven by economic development and population growth in these countries. In developed countries, maize consumption is projected to grow more slowly, at just 0.5% per year.

Maize is an important food crop

Maize is an important food crop for both humans and animals. It is a major source of food for people in many parts of the world, particularly in Latin America and Africa. It is also a key ingredient in many animal feeds, making it an important crop for the livestock industry.

In 2016, around 60% of the world's maize production was used for food, while around 35% was used for animal feed. The remaining 5% was used for other purposes, such as industrial uses and biofuels.

Maize is a major source of calories in many parts of the world

Maize is a major source of calories for people in many parts of the world. In Africa, it is the most important food crop, and it is also an important food crop in Latin America.

In 2016, around 20% of the world's maize production was consumed by humans, with the majority of this going to Africa (57%) and Latin America (34%).

Maize is a key ingredient in animal feed

Maize is a key ingredient in animal feed, and it is an important crop for the livestock industry. In 2016, around 35% of the world's maize production was used for animal feed.

The majority of this went to poultry (60%), followed by pigs (19%) and cattle (14%). Other animals, such as sheep and goats, make up the remaining 7%.

Maize is used for other purposes, such as biofuels

Around 5% of the world's maize production is used for other purposes, such as industrial uses and biofuels.

Biofuels are made from crops that are grown specifically for this purpose. In 2016, around 3% of the world's maize production was used for biofuels.

Maize Supply Chain and Logistics

1. The maize supply chain is a critical part of the maize market. Maize is typically grown in large fields and then transported to processing facilities where it is turned into various products.

2. The transportation of maize can be complex and expensive. Maize is typically transported by truck or train. However, it can also be transported by ship if necessary.

3. There are several steps in the process of transporting maize from the field to the processing facility. First, the maize must be harvested. This is typically done with large machines that harvest the maize all at once. Next, the maize must be transported to the processing facility. This can be done by truck, train, or ship. Finally, the maize must be processed into its various products.

4. The logistics of transporting maize can have a significant impact on the price of maize. If transportation costs are high, then the price of maize will also be high.

5. The supply chain for maize is complex and there are many different players involved. Maize growers, transport companies, processing facilities, and retailers all play a role in getting maize from the field to the consumer.

Conclusion

From the looks of things, the maize market is set to continue growing in the next few years. This is good news for farmers and producers as there will be a continued demand for their product. However, it is important to keep an eye on consumer trends so that you can adjust your prices and supply accordingly. By doing so, you can ensure that you stay ahead of the competition and make the most profit possible.

Source: IndexBox Market Intelligence Platform