
U.S. Wet Corn Market. Analysis And Forecast to 2030
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View PricingJune 2023 Sees U.S. Export of Moist Corn Reach $271M
U.S. Wet Corn Exports
In June 2023, approximately 415K tons of wet corn were exported from the United States; with an increase of 39% on May 2023 figures. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 with an increase of 41% m-o-m. Over the period under review, the exports hit record highs in June 2023.
In value terms, wet corn exports surged to $271M (IndexBox estimates) in June 2023. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when exports increased by 56% month-to-month. As a result, the exports attained the peak of $290M. From April 2023 to June 2023, the growth of the exports remained at a somewhat lower figure.
COUNTRY | Export Value of Wet Corn in U.S. (million USD) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | |
Mexico | 65.0 | 76.4 | 69.1 | 66.2 | 61.9 | 70.3 | 76.3 | 66.8 | 74.1 | 78.0 | 76.1 | 79.6 | 84.8 |
Chile | 27.1 | 0.5 | 1.0 | 38.5 | 0.9 | 1.1 | 0.6 | 6.6 | 0.6 | 66.6 | 5.6 | 0.6 | 41.5 |
Canada | 41.6 | 39.9 | 38.9 | 41.7 | 42.2 | 41.4 | 44.7 | 42.0 | 37.9 | 40.3 | 38.3 | 41.3 | 38.4 |
Colombia | 17.1 | 11.2 | 17.6 | 3.2 | 9.6 | 7.6 | 8.7 | 17.1 | 6.8 | 12.2 | 3.6 | 1.2 | 16.8 |
Ireland | 18.2 | 12.1 | 5.5 | 9.7 | 3.3 | 13.3 | 7.0 | 9.9 | 4.9 | 0.4 | 9.1 | 5.6 | 12.0 |
Indonesia | 5.9 | 5.8 | 4.1 | 2.9 | 10.0 | 8.3 | 10.7 | 14.9 | 13.5 | 8.2 | 8.4 | 7.3 | 4.8 |
Israel | 8.8 | 10.0 | < 0.1 | 3.9 | 0.3 | 0.2 | < 0.1 | 4.3 | 0.2 | 0.1 | < 0.1 | 9.0 | 3.3 |
Others | 80.1 | 57.7 | 126 | 47.1 | 60.8 | 57.0 | 83.0 | 50.8 | 47.3 | 83.7 | 65.9 | 64.2 | 69.0 |
Total | 264 | 213 | 262 | 213 | 189 | 199 | 231 | 212 | 185 | 290 | 207 | 209 | 271 |
Exports by Country
Mexico (147K tons), Chile (76K tons) and Canada (49K tons) were the main destinations of wet corn exports from the United States, together comprising 65% of total exports.
From June 2022 to June 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +8.1%), while the other leaders experienced more modest paces of growth.
In value terms, Mexico ($85M) remains the key foreign market for wet corn exports from the United States, comprising 31% of total exports. The second position in the ranking was taken by Chile ($42M), with a 15% share of total exports. It was followed by Canada, with a 14% share.
From June 2022 to June 2023, the average monthly growth rate of value to Mexico stood at +2.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Chile (+3.6% per month) and Canada (-0.7% per month).
Export Prices by Country
In June 2023, the wet corn price stood at $652 per ton (FOB, US), declining by -6.9% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 when the average export price increased by 29% m-o-m. The export price peaked at $829 per ton in March 2023; however, from April 2023 to June 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Kuwait ($1,586 per ton), while the average price for exports to Israel ($268 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the wet corn market in the U.S.. 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:
- NAICS 311221 - Wet corn milling
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024