Report Update Nov 1, 2024

Russian Federation - Maize (Green) - Market Analysis, Forecast, Size, Trends and Insights

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Russian Federation: Maize Market 2024

Maize Market Size in the Russian Federation

In 2022, the Russian maize market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, showed a abrupt contraction. Maize consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Maize Exports

Exports from the Russian Federation

In 2022, after three years of growth, there was significant decline in shipments abroad of maize (green), when their volume decreased by -40.2% to X tons. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2013 with an increase of 779% against the previous year. The exports peaked at X tons in 2021, and then dropped significantly in the following year.

In value terms, maize exports contracted significantly to $X in 2022. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2013 when exports increased by 869% against the previous year. The exports peaked at $X in 2021, and then shrank significantly in the following year.

Exports by Country

Kazakhstan (X tons) was the main destination for maize exports from Russia, with a approx. 98% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan totaled +71.0%.

In value terms, Kazakhstan ($X) also remains the key foreign market for maize (green) exports from Russia.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan amounted to +56.1%.

Export Prices by Country

In 2022, the average maize export price amounted to $X per ton, surging by 3.4% against the previous year. Overall, the export price, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2015 an increase of 70%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Belarus amounted to -0.1% per year.

Maize Imports

Imports into the Russian Federation

In 2022, the amount of maize (green) imported into Russia dropped slightly to X tons, almost unchanged from 2021 figures. In general, imports recorded a pronounced curtailment. The growth pace was the most rapid in 2016 with an increase of 59% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, maize imports shrank modestly to $X in 2022. Overall, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2017 when imports increased by 35% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Azerbaijan (X tons) constituted the largest supplier of maize to Russia, with a 57% share of total imports. Moreover, maize imports from Azerbaijan exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. Uzbekistan (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Azerbaijan amounted to +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+22.7% per year) and Uzbekistan (-13.1% per year).

In value terms, Turkey ($X), Azerbaijan ($X) and North Macedonia ($X) were the largest maize suppliers to Russia, with a combined 69% share of total imports.

Among the main suppliers, North Macedonia, with a CAGR of +142.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average maize import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price showed a pronounced contraction. The growth pace was the most rapid in 2019 an increase of 29% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($X per ton), while the price for Armenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for maize (green) in the world?

The United States remains the largest maize consuming country worldwide, accounting for 26% of total volume. Moreover, maize consumption in the United States exceeded the figures recorded by the second-largest consumer, Croatia, fourfold. The third position in this ranking was occupied by Nigeria, with a 5.9% share.

What are the largest producers of maize (green) in the world?

The country with the largest volume of maize production was the United States, accounting for 26% of total volume. Moreover, maize production in the United States exceeded the figures recorded by the second-largest producer, Mexico, threefold. Croatia ranked third in terms of total production with a 7.2% share.

What are the leading suppliers of maize (green) to the Russian Federation?

In value terms, Uzbekistan constituted the largest supplier of maize to Russia, comprising 31% of total imports. The second position in the ranking was occupied by Azerbaijan, with a 14% share of total imports. It was followed by Turkey, with a 14% share.

What are the leading importers of maize (green) from the Russian Federation?

In value terms, Belarus emerged as the key foreign market for maize exports from Russia, comprising 81% of total exports. The second position in the ranking was occupied by Ukraine, with a 16% share of total exports.

What is the average export price for maize (green) in the Russian Federation?

In 2021, the average maize export price amounted to $528 per ton, surging by 20% against the previous year.

What is the average import price for maize (green) in the Russian Federation?

In 2021, the average maize import price amounted to $994 per ton, reducing by -7.4% against the previous year.

This report provides an in-depth analysis of the maize market in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 446 - Green Corn (Maize)

Country coverage:

Russia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Russian Federation
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023