Spain: Maize Market 2025

Maize Market Size in Spain

The Spanish maize market skyrocketed to $X in 2022, with an increase of 45% against the previous year. In general, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +85.5% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Maize Production in Spain

In value terms, maize production expanded remarkably to $X in 2022 estimated in export price. Overall, production, however, posted a mild increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 99.9% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

The average yield of maize in Spain dropped to X tons per ha in 2022, which is down by -2.2% on the year before. The yield figure increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the yield increased by 5.3%. The maize yield peaked at X tons per ha in 2021, and then dropped in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of maize were harvested in Spain; dropping by -2% compared with 2021 figures. Overall, the harvested area continues to indicate a mild contraction. The pace of growth was the most pronounced in 2013 with an increase of 13%. As a result, the harvested area reached the peak level of X ha. From 2014 to 2022, the growth of the maize harvested area failed to regain momentum.

Maize Exports

Exports from Spain

In 2022, after four years of decline, there was significant growth in overseas shipments of maize, when their volume increased by 35% to X tons. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 67%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, maize exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Portugal (X tons), the UK (X tons) and France (X tons) were the main destinations of maize exports from Spain, with a combined 60% share of total exports. Belgium, Turkey, Romania, Egypt and Morocco lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +57.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for maize exported from Spain were France ($X), Portugal ($X) and the UK ($X), together comprising 59% of total exports. Turkey, Belgium, Romania, Morocco and Egypt lagged somewhat behind, together accounting for a further 22%.

Romania, with a CAGR of +44.5%, recorded the highest growth rate of the value of exports, in terms of 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

In 2022, the average maize export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, maize export price increased by +53.1% against 2017 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 73% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Maize Imports

Imports into Spain

In 2022, maize imports into Spain soared to X tons, with an increase of 36% on the previous year's figure. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% 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 +39.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, maize imports soared to $X in 2022. In general, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tons), Ukraine (X tons) and France (X tons) were the main suppliers of maize imports to Spain, together accounting for 79% of total imports. Romania, the United States, Canada and Portugal lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +126.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Ukraine ($X) and France ($X) were the largest maize suppliers to Spain, with a combined 76% share of total imports. Romania, the United States, Canada and Portugal lagged somewhat behind, together accounting for a further 19%.

Among the main suppliers, Canada, with a CAGR of +127.6%, recorded the highest rates of growth with regard to 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, jumping by 25% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 29%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and France ($X per ton), while the price for Ukraine ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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