Japan: Maize Market 2025

Maize Market Size in Japan

The Japanese maize market surged to $X in 2022, growing by 17% against the previous year. Overall, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +48.7% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Maize Production in Japan

In value terms, maize production declined remarkably to $X in 2022 estimated in export price. Overall, production showed a significant expansion. The pace of growth was the most pronounced in 2021 when the production volume increased by 1,657% against the previous year. Maize production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

In 2022, the average yield of maize in Japan stood at X tons per ha, standing approx. at the previous year. Overall, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the yield increased by 23%. Over the period under review, the average maize yield attained the peak level at X tons per ha in 2013; 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, the harvested area of maize in Japan totaled X ha, remaining constant against the previous year's figure. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 4.5% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2015 to 2022, the growth of the maize harvested area remained at a lower figure.

Maize Exports

Exports from Japan

After two years of growth, overseas shipments of maize decreased by -65% to X tons in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,673% against the previous year. As a result, the exports reached the peak of X tons, and then reduced markedly in the following year.

In value terms, maize exports dropped remarkably to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 856% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for maize exports from Japan, accounting for a 85% share of total exports. Moreover, maize exports to Hong Kong SAR exceeded the volume sent to the second major destination, Singapore (X tons), ninefold.

From 2014 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR totaled +28.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-1.3% per year) and France (+63.2% per year).

In value terms, Hong Kong SAR ($X), France ($X) and Singapore ($X) constituted the largest markets for maize exported from Japan worldwide.

France, with a CAGR of +41.1%, saw the highest rates of growth with regard to the value of exports, among 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, increasing by 42% against the previous year. Overall, the export price recorded a resilient increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 407% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+2.9%), while the prices for the other major destinations experienced a decline.

Maize Imports

Imports into Japan

After two years of decline, supplies from abroad of maize increased by 0.2% to X tons in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 4.4% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, maize imports soared to $X in 2022. In general, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.3% 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 +76.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 44%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of maize to Japan, accounting for a 65% share of total imports. Moreover, maize imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. Argentina (X tons) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+6.6% per year) and Argentina (+5.7% per year).

In value terms, the United States ($X) constituted the largest supplier of maize to Japan, comprising 64% of total imports. The second position in the ranking was taken by Brazil ($X), with a 23% share of total imports. It was followed by Argentina, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+7.7% per year) and Argentina (+8.2% per year).

Import Prices by Country

In 2022, the average maize import price amounted to $X per ton, increasing by 22% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, maize import price increased by +82.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 49%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Argentina ($X per ton) and South Africa ($X per ton), while the price for Ukraine ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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