Iran: Maize Market 2024

Maize Market Size in Iran

The Iranian maize market shrank to $X in 2022, dropping by -13.8% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Maize Production in Iran

In value terms, maize production contracted markedly to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 369%. Maize production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average maize yield in Iran fell markedly to X tons per ha, reducing by -53.2% compared with the previous year's figure. Over the period under review, the yield recorded a deep setback. The growth pace was the most rapid in 2021 when the yield increased by 196% against the previous year. The maize yield peaked at X tons per ha in 2016; however, from 2017 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the maize harvested area in Iran skyrocketed to X ha, picking up by 153% on 2021. Over the period under review, the harvested area, however, showed a abrupt curtailment. Over the period under review, the harvested area dedicated to maize production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Maize Exports

Exports from Iran

In 2022, the amount of maize exported from Iran skyrocketed to X tons, surging by 45% compared with 2021. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2020 with an increase of 5,566%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, maize exports soared to $X in 2022. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 2,713%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for maize exports from Iran, with a 87% share of total exports. Moreover, maize exports to Turkey exceeded the volume sent to the second major destination, Azerbaijan (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey totaled +241.3%.

In value terms, Turkey ($X) emerged as the key foreign market for maize exports from Iran, comprising 80% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Turkey totaled +119.9%.

Export Prices by Country

The average maize export price stood at $X per ton in 2022, rising by 2.9% against the previous year. In general, the export price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2017 an increase of 148%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Turkey amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (-2.4%), while the prices for the other major destinations experienced a decline.

Maize Imports

Imports into Iran

In 2022, maize imports into Iran shrank to X tons, dropping by -5.3% on the previous year's figure. Overall, total imports indicated a temperate 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 +5.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 54%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, maize imports shrank notably to $X in 2022. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% 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 +27.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 54%. As a result, imports reached the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2022, Brazil (X tons) constituted the largest maize supplier to Iran, with a 83% share of total imports. Moreover, maize imports from Brazil exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-10.0% per year) and Romania (+20.0% per year).

In value terms, Brazil ($X) constituted the largest supplier of maize to Iran, comprising 84% of total imports. The second position in the ranking was held by Ukraine ($X), with a 6.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-12.0% per year) and Romania (+16.9% per year).

Import Prices by Country

The average maize import price stood at $X per ton in 2022, declining by -13.1% against the previous year. Overall, the import price showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 an increase of 38%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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