Benelux: Maize Market 2024

Maize Market Size in Benelux

The Benelux maize market soared to $X in 2022, jumping by 39% against the previous year. Over the period under review, consumption showed a buoyant increase. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Maize Production in Benelux

In value terms, maize production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 24% against the previous year. The level of production peaked at $X in 2021, and then shrank in the following year.

The country with the largest volume of maize production was the Netherlands (X tons), accounting for 93% of total volume. Moreover, maize production in the Netherlands exceeded the figures recorded by the second-largest producer, Belgium (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume in the Netherlands was relatively modest.

Maize Exports

Exports in Benelux

In 2022, the amount of maize (green) exported in Benelux rose sharply to X tons, growing by 12% on the year before. Total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +13.4% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 28%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, maize exports amounted to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +18.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 24%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, the Netherlands (X tons) represented the major exporter of maize (green), generating 83% of total exports. It was distantly followed by Belgium (X tons), creating a 16% share of total exports.

Exports from the Netherlands increased at an average annual rate of +5.5% from 2012 to 2022. At the same time, Belgium (+9.2%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +9.2% from 2012-2022. From 2012 to 2022, the share of Belgium increased by +4.1 percentage points.

In value terms, the Netherlands ($X) remains the largest maize supplier in Benelux, comprising 95% of total exports. The second position in the ranking was taken by Belgium ($X), with a 4.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands totaled +6.2%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, which is down by -3.3% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 21%. Over the period under review, the 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 amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.6%).

Maize Imports

Imports in Benelux

Maize imports soared to X tons in 2022, with an increase of 67% on the year before. Over the period under review, imports recorded a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, maize imports soared to $X in 2022. In general, imports continue to indicate a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands was the major importing country with an import of around X tons, which reached 74% of total imports. It was distantly followed by Belgium (X tons), creating a 25% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the maize (green) imports, with a CAGR of +12.2% from 2012 to 2022. At the same time, Belgium (+9.8%) and Luxembourg (+1.4%) displayed positive paces of growth. The Netherlands (+5.9 p.p.) significantly strengthened its position in terms of the total imports, while Luxembourg and Belgium saw its share reduced by -2.3% and -3.6% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported maize (green) in Benelux, comprising 74% of total imports. The second position in the ranking was taken by Belgium ($X), with a 22% share of total imports.

In the Netherlands, maize imports increased at an average annual rate of +10.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (+5.4% per year) and Luxembourg (+3.2% per year).

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, declining by -24.8% against the previous year. Overall, the import price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2020 an increase of 21%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform