Somalia: Maize Market 2020

Maize Market Size in Somalia

The revenue of the maize market in Somalia amounted to $X in 2018, coming down by -X% against the previous year. In general, maize consumption continues to indicate a drastic descent. The growth pace was the most rapid in 2012 when the market value increased by X% year-to-year. Over the period under review, the maize market reached its maximum level at $X in 2010; however, from 2011 to 2018, consumption stood at a somewhat lower figure.

Maize Production in Somalia

In value terms, maize production totaled $X in 2018 estimated in export prices. Over the period under review, maize production continues to indicate an abrupt decline. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, maize production reached its peak figure level at $X in 2009; however, from 2010 to 2018, production failed to regain its momentum.

In 2018, the average maize yield in Somalia stood at X kg per ha, dropping by -X% against the previous year. In general, the maize yield continues to indicate a drastic slump. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Over the period under review, the maize yield reached its maximum level at X ton per ha in 2011; however, from 2012 to 2018, yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Maize harvested area in Somalia amounted to X ha in 2018, therefore, remained relatively stable against the previous year. Over the period under review, the maize harvested area continues to indicate a modest increase. The most prominent rate of growth was recorded in 2012 when harvested area increased by X% year-to-year. The global maize harvested area peaked at X ha in 2015; however, from 2016 to 2018, harvested area failed to regain its momentum.

Maize Exports

Exports from Somalia

In 2018, approx. X kg of maize were exported from Somalia; jumping by X% against the previous year. In general, the total exports indicated a strong increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, maize exports increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. Over the period under review, maize exports reached their maximum in 2018 and are likely to see steady growth in the near future.

In value terms, maize exports amounted to $X in 2018. Over the period under review, maize exports continue to indicate an abrupt downturn. The pace of growth appeared the most rapid in 2015 when exports decreased by -X% against the previous year. Over the period under review, maize exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

The U.S. represented the largest exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Brazil (X tons), Argentina (X tons) and Ukraine (X tons), together achieving a X% share of total exports. The following exporters - France (X tons), Russia (X tons) and Romania (X tons) - each recorded an X% share of total exports.

Exports from the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Ukraine (+X%), Romania (+X%), Russia (+X%), Brazil (+X%), Argentina (+X%) and France (+X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of Brazil, Ukraine, the U.S., Argentina, Romania and Russia increased by +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest maize supplier from Somalia, comprising X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by Argentina, with a X% share.

In the U.S., maize exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Brazil (+X% per year) and Argentina (+X% per year).

Export Prices by Country

The maize export price in Somalia stood at $X per ton in 2018, falling by -X% against the previous year. Over the period under review, the maize export price continues to indicate a drastic descent. The pace of growth was the most pronounced in 2010 when the export price decreased by -X% year-to-year. Over the period under review, the export prices for maize attained their maximum at $X per ton in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced a decline in the export price figures.

Maize Imports

Imports into Somalia

In 2018, approx. X tons of maize were imported into Somalia; waning by -X% against the previous year. Overall, maize imports continue to indicate a sharp decrease. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. In that year, maize imports reached their peak of X tons. From 2011 to 2018, the growth of maize imports failed to regain its momentum.

In value terms, maize imports stood at $X in 2018. Over the period under review, maize imports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. In that year, maize imports reached their peak of $X. From 2011 to 2018, the growth of maize imports remained at a somewhat lower figure.

Imports by Country

In 2018, Mexico (X tons) and Japan (X tons) represented the major importers of maizein the world, together constituting X% of total imports. South Korea (X tons) ranks next in terms of the total imports with a X% share, followed by Vietnam (X%), Spain (X%), Iran (X%) and Egypt (X%). The following importers - the Netherlands (X tons), Italy (X tons), Colombia (X tons), Saudi Arabia (X tons) and Taiwan, Chinese (X tons) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Vietnam, while the other leaders experienced more modest paces of growth.

In value terms, the largest maize importing markets into Somalia were Mexico ($X), Japan ($X) and South Korea ($X), with a combined X% share of total imports. Vietnam, Spain, Iran, Egypt, the Netherlands, Italy, Colombia, Taiwan, Chinese, Saudi Arabia and Somalia lagged somewhat behind, together comprising a further X Nam recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the maize import price in Somalia amounted to $X per ton, reducing by -X% against the previous year. Overall, the maize import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. In that year, the import prices for maize reached their peak level of $X per ton. From 2012 to 2018, the growth in terms of the import prices for maize failed to regain its momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the Netherlands ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Iran, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform