Liberia: Maize Market 2020

Maize Market Size in Liberia

The revenue of the maize market in Liberia amounted to $X in 2018, rising by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2010 when the market value increased by X% year-to-year. Liberia maize consumption peaked in 2018 and is likely to continue its growth in the near future.

Maize Production in Liberia

In value terms, maize production totaled $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2010 when production volume increased by X% year-to-year. Over the period under review, maize production attained its peak figure level in 2018 and is expected to retain its growth in the immediate term.

In 2018, the average maize yield in Liberia totaled X kg per X ha, surging by X% against the previous year. Over the period under review, the yield indicated remarkable growth from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, maize yield increased by +X% against 2009 indices. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, the maize yield reached its peak figure level in 2018 and is likely to see steady growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the harvested area of maize (green) in Liberia amounted to X ha, therefore, remained relatively stable against the previous year. Overall, the maize harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when harvested area increased by X% against the previous year. In that year, the maize harvested area attained its peak level of X ha. From 2010 to 2018, the growth of the maize harvested area remained at a lower figure.

Maize Exports

Exports from Liberia

Maize exports from Liberia totaled X kg in 2018, lowering by -X% against the previous year. Over the period under review, maize exports continue to indicate a deep contraction. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, maize exports attained their peak figure at X kg in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, maize exports amounted to $X in 2018. Over the period under review, maize exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Liberia exports peaked in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

In 2018, Mexico (X tons), distantly followed by Italy (X tons), Spain (X tons), the Netherlands (X tons), the U.S. (X tons) and Morocco (X tons) were the largest exporters of maize (green), together creating X% of total exports. The following exporters - China (X tons), Oman (X tons), Belgium (X tons), France (X tons), Uzbekistan (X tons) and Thailand (X tons) - together made up X% of total exports.

Exports from Mexico increased at an average annual rate of +X% from 2007 to 2018. At the same time, Oman (+X%), Morocco (+X%), Belgium (+X%), Uzbekistan (+X%), Spain (+X%), the Netherlands (+X%), Thailand (+X%), Italy (+X%), France (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, China (-X%) illustrated a downward trend over the same period. Mexico (+X p.p.), Spain (+X p.p.), Morocco (+X p.p.), the Netherlands (+X p.p.), Oman (+X p.p.), Belgium (+X p.p.), Italy (+X p.p.) and Uzbekistan (+X p.p.) significantly strengthened its position in terms of the global exports, while China saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest maize markets from Liberia were Italy ($X), the Netherlands ($X) and Spain ($X), together accounting for X% of total exports.

Among the main exporting countries, Spain recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the maize export price in Liberia amounted to $X per ton, growing by X% against the previous year. Over the period under review, the maize export price continues to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. Over the period under review, the export prices for maize (green) attained their maximum in 2018 and is expected to retain its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Maize Imports

Imports into Liberia

In 2018, the maize imports into Liberia totaled X tons, rising by X% against the previous year. In general, maize imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Liberia imports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, maize imports amounted to $X in 2018. In general, maize imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. In that year, maize imports attained their peak of $X. From 2014 to 2018, the growth of maize imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Canada (X tons), Germany (X tons), the UK (X tons), France (X tons), the United Arab Emirates (X tons) and China, Hong Kong SAR (X tons) represented the main importers of maize (green), together mixing up X% of total imports. The Netherlands (X tons), Singapore (X tons), Belgium (X tons), Afghanistan (X tons) and Russia (X tons) occupied a minor share of total imports.

From 2007 to 2018, average annual rates of growth with regard to maize imports into the U.S. stood at +X%. At the same time, the United Arab Emirates (+X%), Afghanistan (+X%), Belgium (+X%), the UK (+X%), Germany (+X%), the Netherlands (+X%), Russia (+X%), Canada (+X%), China, Hong Kong SAR (+X%) and Singapore (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, France (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.), the United Arab Emirates (+X p.p.), the UK (+X p.p.), Germany (+X p.p.), Afghanistan (+X p.p.), Belgium (+X p.p.), Canada (+X p.p.) and the Netherlands (+X p.p.) significantly strengthened its position in terms of the global imports, while France saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest maize importing markets into Liberia were Germany ($X), the U.S. ($X) and the UK ($X), together accounting for X% of total imports. These countries were followed by France, Canada, the Netherlands, Belgium, the United Arab Emirates, Singapore, China, Hong Kong SAR, Russia, Afghanistan and Liberia, which together accounted for a further X terms of the main importing countries, the United Arab Emirates experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the maize import price in Liberia amounted to $X per ton, approximately equating the previous year. Overall, the maize import price, however, continues to indicate a significant downturn. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. In that year, the import prices for maize (green) reached their peak level of $X per ton. From 2014 to 2018, the growth in terms of the import prices for maize (green) 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 Germany ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform