Japan: Maize Market 2025

Maize Market Size in Japan

In 2022, the Japanese maize market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, saw a mild shrinkage. Maize consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Maize Production in Japan

In value terms, maize production declined to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2017 with an increase of 23% against the previous year. Maize production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average maize yield in Japan was estimated at X tons per ha, picking up by 2.9% against the previous year's figure. In general, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by 25%. Over the period under review, the average maize yield attained the maximum level at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The maize harvested area in Japan reduced modestly to X ha in 2022, stabilizing at 2021. In general, the harvested area saw a mild reduction. The most prominent rate of growth was recorded in 2018 when the harvested area increased by 1.8% against the previous year. The maize harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Maize Exports

Exports from Japan

In 2022, the amount of maize (green) exported from Japan soared to X tons, with an increase of 19% on the previous year's figure. Overall, exports recorded prominent growth. The growth pace was the most rapid in 2020 when exports increased by 63%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, maize exports soared to $X in 2022. In general, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 44% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons), Taiwan (Chinese) (X tons) and Singapore (X tons) were the main destinations of maize exports from Japan, together accounting for 88% of total exports. The United States and the United Arab Emirates lagged somewhat behind, together comprising a further 9.1%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +55.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Taiwan (Chinese) ($X) and Singapore ($X) appeared to be the largest markets for maize exported from Japan worldwide, together accounting for 69% of total exports. The United States and the United Arab Emirates lagged somewhat behind, together comprising a further 11%.

The United States, with a CAGR of +47.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average maize export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2016 an increase of 11%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.

Maize Imports

Imports into Japan

In 2022, purchases abroad of maize (green) decreased by -6.7% to X tons, falling for the third consecutive year after two years of growth. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of 8.4%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, maize imports dropped markedly to $X in 2022. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 16%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Thailand (X tons), the Philippines (X tons) and China (X tons) were the main suppliers of maize imports to Japan, together comprising 95% of total imports. Taiwan (Chinese) lagged somewhat behind, comprising a further 2.9%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of -2.6%), while imports for the other leaders experienced a decline.

In value terms, the largest maize suppliers to Japan were Thailand ($X), the Philippines ($X) and China ($X), with a combined 93% share of total imports.

Thailand, with a CAGR of -3.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average maize import price amounted to $X per ton, shrinking by -9.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 18%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then declined in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per ton) and Thailand ($X per ton), while the price for the Philippines ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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