Argentina: Maize Market 2025

Maize Market Size in Argentina

After two years of growth, the Argentinian maize market decreased by -81.4% to $X in 2022. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then fell significantly in the following year.

Maize Production in Argentina

In value terms, maize production rose to $X in 2022 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.3% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by 65% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

The average yield of maize (green) in Argentina stood at less than X kg per ha in 2022, approximately mirroring the year before. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of maize (green) in Argentina was estimated at less than X ha, standing approx. at the previous year. In general, the harvested area recorded a relatively flat trend pattern.

Maize Exports

Exports from Argentina

In 2022, the amount of maize (green) exported from Argentina soared to X tons, increasing by 38% on the year before. In general, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +11.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 90% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, maize exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 34%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Uruguay (X tons) was the main destination for maize exports from Argentina, with a 79% share of total exports. Moreover, maize exports to Uruguay exceeded the volume sent to the second major destination, Chile (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uruguay totaled +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+21.6% per year) and Paraguay (+56.1% per year).

In value terms, Uruguay ($X) remains the key foreign market for maize (green) exports from Argentina, comprising 81% of total exports. The second position in the ranking was taken by Chile ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Uruguay totaled +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+13.2% per year) and Paraguay (+14.9% per year).

Export Prices by Country

In 2022, the average maize export price amounted to $X per ton, reducing by -8.8% against the previous year. Overall, the export price saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.3%), while the prices for the other major destinations experienced a decline.

Maize Imports

Imports into Argentina

In 2022, the amount of maize (green) imported into Argentina fell to X tons, with a decrease of -11.6% compared with the year before. Overall, imports showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 86% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, maize imports shrank to $X in 2022. In general, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 84%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest maize supplier to Argentina, accounting for a 81% share of total imports. Moreover, maize imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+17.0% per year) and Chile (-14.3% per year).

In value terms, the United States ($X) constituted the largest supplier of maize (green) to Argentina, comprising 88% of total imports. The second position in the ranking was taken by Brazil ($X), with an 8.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+19.4% per year) and Chile (-13.6% per year).

Import Prices by Country

In 2022, the average maize import price amounted to $X per ton, falling by -3.2% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, maize import price decreased by -4.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 95%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :