Armenia: Maize Market 2020

Maize Market Size in Armenia

The revenue of the maize market in Armenia amounted to $X in 2018, growing by X% against the previous year. Over the period under review, maize consumption, however, continues to indicate a slight slump. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. In that year, the maize market reached its peak level of $X. From 2012 to 2018, the growth of the maize market remained at a lower figure.

Maize Production in Armenia

In value terms, maize production totaled $X in 2018 estimated in export prices. Over the period under review, maize production continues to indicate an abrupt reduction. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. In that year, maize production reached its peak level of $X. From 2012 to 2018, maize production growth remained at a lower figure.

In 2018, the average yield of maize in Armenia totaled X ton per ha, standing approx. at the previous year. Overall, the maize yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when yield increased by X% y-o-y. The global maize yield peaked at X ton per ha in 2014; however, from 2015 to 2018, yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of maize were harvested in Armenia; reducing by -X% against the previous year. Overall, the maize harvested area continues to indicate a deep reduction. The growth pace was the most rapid in 2011 when harvested area increased by X% year-to-year. The global maize harvested area peaked at X ha in 2008; however, from 2009 to 2018, harvested area failed to regain its momentum.

Maize Exports

Exports by Country

The U.S. represented the largest exporter of maize in the world, with the volume of exports reaching X tons, which was approx. X% of total exports in 2018. Brazil (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by Argentina (X%) and Ukraine (X%). The following exporters - France (X tons), Russia (X tons) and Romania (X tons) - each finished at an X% share of total exports.

From 2007 to 2018, average annual rates of growth with regard to maize exports from the U.S. stood at +X%. At the same time, Ukraine (+X%), Romania (+X%), Russia (+X%), Brazil (+X%), Argentina (+X%) and France (+X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of Brazil, Ukraine, the U.S., Argentina, Romania and Russia increased by +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual growth rate of value in the U.S. stood at +X%. In the other countries, the average annual rates were as follows: Brazil (+X% per year) and Argentina (+X% per year).

Export Prices by Country

In 2018, the maize export price in Armenia amounted to $X per ton, approximately reflecting the previous year. Overall, the maize export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for maize reached their maximum at $X per ton in 2011; however, from 2012 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was France ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced a decline in the export price figures.

Maize Imports

Imports into Armenia

Maize imports into Armenia stood at X tons in 2018, going up by X% against the previous year. Overall, maize imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. In that year, maize imports reached their peak of X tons. From 2014 to 2018, the growth of maize imports remained at a somewhat lower figure.

In value terms, maize imports totaled $X in 2018. Overall, maize imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. In that year, maize imports attained their peak of $X. From 2014 to 2018, the growth of maize imports remained at a lower figure.

Imports by Country

Mexico (X tons) and Japan (X tons) represented the major importers of maize in 2018, resulting at near X% and X% of total imports, respectively. South Korea (X tons) ranks next in terms of the total imports with a X% share, followed by Vietnam (X%), Spain (X%), Iran (X%) and Egypt (X%). The Netherlands (X tons), Italy (X tons), Colombia (X tons), Saudi Arabia (X tons) and Taiwan, Chinese (X tons) took a little share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Vietnam, while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. Vietnam, Spain, Iran, Egypt, the Netherlands, Italy, Colombia, Taiwan, Chinese, Saudi Arabia and Armenia lagged somewhat behind, together accounting for a further X Nam recorded the highest rates of growth with regard to imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the maize import price in Armenia amounted to $X per ton, growing by X% against the previous year. Over the period under review, the maize import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 an increase of X% y-o-y. Armenia import price peaked at $X per ton in 2013; however, from 2014 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the Netherlands ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Iran, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform