Eastern Asia: Maize Market 2025

Maize Market Size in Eastern Asia

The East Asian maize market rose notably to $X in 2022, growing by 11% against the previous year. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.4% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Maize Production in Eastern Asia

In value terms, maize production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a prominent expansion. The growth pace was the most rapid in 2020 when the production volume increased by 351%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

China (X tons) constituted the country with the largest volume of maize production, accounting for 99% of total volume.

From 2012 to 2022, the average annual growth rate of volume in China stood at +2.6%.

In 2022, the average yield of maize in Eastern Asia reached X tons per ha, approximately equating 2021. Overall, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the yield increased by 3.6%. As a result, the yield attained the peak level of X tons per ha; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of maize were harvested in Eastern Asia; falling by -2.3% on 2021. The harvested area increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2015 with an increase of 21% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2016 to 2022, the growth of the maize harvested area remained at a somewhat lower figure.

Maize Exports

Exports in Eastern Asia

Maize exports shrank notably to X tons in 2022, falling by -40.4% on the year before. Overall, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 1,318%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, maize exports declined dramatically to $X in 2022. In general, exports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 840% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) and South Korea (X tons) prevails in exports structure, together constituting 95% of total exports. The following exporters - Taiwan (Chinese) (X tons) and Japan (X tons) - each finished at a 3.8% share of total exports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +32.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest maize supplier in Eastern Asia, comprising 73% of total exports. The second position in the ranking was taken by South Korea ($X), with a 21% share of total exports. It was followed by Taiwan (Chinese), with a 0.8% share.

From 2012 to 2022, the average annual growth rate of value in China totaled -27.9%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+17.9% per year) and Taiwan (Chinese) (+14.3% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, rising by 18% against the previous year. Over the period under review, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 when the export price increased by 323%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices remained at a lower figure.

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 China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.6%), while the other leaders experienced more modest paces of growth.

Maize Imports

Imports in Eastern Asia

In 2022, maize imports in Eastern Asia rose to X tons, increasing by 4.3% against 2021 figures. Total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +4.3% 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 +73.7% against 2017 indices. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, maize imports expanded markedly to $X in 2022. Overall, imports showed a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 87% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X tons), Japan (X tons) and South Korea (X tons) represented roughly 92% of total imports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), generating an 8.2% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +11.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest maize importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), together comprising 95% of total imports.

China, with a CAGR of +15.4%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, growing by 2.5% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 37%. Over the period under review, import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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