Bhutan: Maize Market 2020

Maize Market Size in Bhutan

The revenue of the maize market in Bhutan amounted to $X in 2018, approximately equating the previous year. In general, maize consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by 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 Bhutan

In value terms, maize production amounted to $X in 2018 estimated in export prices. Over the period under review, maize production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. In that year, maize production attained 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 Bhutan amounted to X ton per ha, going up by X% against the previous year. Over the period under review, the yield indicated mild growth from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, maize yield decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2011 when yield increased by X% y-o-y. Over the period under review, the maize yield attained its peak figure level at X ton per ha in 2015; however, from 2016 to 2018, yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Maize harvested area in Bhutan amounted to X ha in 2018, coming down by -X% against the previous year. Over the period under review, the maize harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. The global maize harvested area peaked at X ha in 2007; however, from 2008 to 2018, harvested area stood at a somewhat lower figure.

Maize Exports

Exports by Country

The U.S. was the key exporter of maize in the world, with the volume of exports reaching X tons, which was near X% of total exports in 2018. Brazil (X tons) took 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.

Exports from the U.S. increased at an average annual rate of +X% from 2007 to 2018. 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. Brazil (+X p.p.), Ukraine (+X p.p.), the U.S. (+X p.p.), Argentina (+X p.p.), Romania (+X p.p.) and Russia (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. amounted to +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

The maize export price in Bhutan stood at $X per ton in 2018, flattening at the previous year. In general, the maize export price continues to indicate a relatively flat trend pattern. Bhutan export price peaked at $X per ton in 2009; however, from 2010 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; 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 Bhutan

In 2018, the amount of maize imported into Bhutan amounted to X tons, jumping by X% against the previous year. Over the period under review, maize imports continue to indicate remarkable growth. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, maize imports reached their maximum at X tons in 2010; however, from 2011 to 2018, imports remained at a lower figure.

In value terms, maize imports totaled $X in 2018. In general, maize imports continue to indicate a modest increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, maize imports reached their peak figure at $X in 2010; however, from 2011 to 2018, imports failed to regain their momentum.

Imports by Country

Mexico (X tons) and Japan (X tons) represented roughly X% of total imports of maize in 2018. It was followed by South Korea (X tons), Vietnam (X tons), Spain (X tons), Iran (X tons) and Egypt (X tons), together creating a X% share of total imports. 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, the largest maize importing markets into Bhutan were Mexico ($X), Japan ($X) and South Korea ($X), together comprising X% of total imports. These countries were followed by Vietnam, Spain, Iran, Egypt, the Netherlands, Italy, Colombia, Taiwan, Chinese, Saudi Arabia and Bhutan, which together accounted for a further X the main importing countries, Vietnam experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The maize import price in Bhutan stood at $X per ton in 2018, shrinking by -X% against the previous year. Overall, the maize import price continues to indicate a deep decrease. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. Bhutan import price peaked at $X per ton in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

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