South-Eastern Asia: Maize Market 2025

Maize Market Size in South-Eastern Asia

The Southeast Asian maize market contracted to $X in 2022, waning by -5.3% against the previous year. The total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +9.0% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Maize Production in South-Eastern Asia

In value terms, maize production shrank to $X in 2022 estimated in export price. In general, production, however, posted prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 52% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Indonesia (X tons) and Thailand (X tons).

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Thailand (with a CAGR of +3.1%).

The average maize yield shrank to X tons per ha in 2022, remaining constant against 2021. The yield figure increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2015 when the yield increased by 6.7% against the previous year. The level of yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield stood at a somewhat lower figure. 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 (green) in South-Eastern Asia contracted modestly to X ha, stabilizing at 2021. The harvested area increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 14%. Over the period under review, the harvested area dedicated to maize production attained the peak figure at X ha in 2018; however, from 2019 to 2022, the harvested area stood at a somewhat lower figure.

Maize Exports

Exports in South-Eastern Asia

Maize exports fell to X tons in 2022, with a decrease of -6.8% on 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 13%. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, maize exports reduced to $X in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when exports increased by 17%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Thailand represented the major exporter of maize (green) in South-Eastern Asia, with the volume of exports recording X tons, which was approx. 56% of total exports in 2022. It was distantly followed by Malaysia (X tons), constituting a 33% share of total exports. The Philippines (X tons), Vietnam (X tons) and Indonesia (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +6.8%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest maize supplier in South-Eastern Asia, comprising 63% of total exports. The second position in the ranking was held by Malaysia ($X), with a 20% share of total exports. It was followed by the Philippines, with a 7% share.

In Thailand, maize exports expanded at an average annual rate of +2.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-2.9% per year) and the Philippines (-9.6% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, with a decrease of -6.4% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 16% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.8%), while the other leaders experienced mixed trends in the export price figures.

Maize Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of maize (green) decreased by -7.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.7% 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 +45.3% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of 21%. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, maize imports reduced slightly to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 +44.7% against 2018 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 29%. As a result, imports attained the peak of $X, and then dropped slightly in the following year.

Imports by Country

Singapore (X tons) and Malaysia (X tons) prevails in imports structure, together generating 89% of total imports. It was distantly followed by Thailand (X tons), constituting a 5.8% share of total imports. Brunei Darussalam (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Brunei Darussalam (with a CAGR of +27.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 96% share of total imports. These countries were followed by Brunei Darussalam, which accounted for a further 2.9%.

Brunei Darussalam, with a CAGR of +18.6%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, with an increase of 3.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2016 an increase of 11% against the previous year. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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