Trinidad and Tobago: Maize Market 2020

Maize Market Size in Trinidad and Tobago

The revenue of the maize market in Trinidad and Tobago amounted to $X in 2018, growing by X% against the previous year. In general, maize consumption continues to indicate a skyrocketing expansion. The most prominent rate of growth was recorded in 2009 when the market value increased by X% y-o-y. Trinidad and Tobago maize consumption peaked in 2018 and is likely to continue its growth in the immediate term.

Maize Production in Trinidad and Tobago

In value terms, maize production totaled $X in 2018 estimated in export prices. Over the period under review, maize production continues to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, maize production reached its peak figure level in 2018 and is likely to see steady growth in the near future.

In 2018, the average maize yield in Trinidad and Tobago totaled X kg per X ha, growing by X% against the previous year. Overall, the maize yield continues to indicate resilient growth. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, the maize yield reached its maximum level at X kg per X ha in 2012; however, from 2013 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.

In 2018, the total area harvested in terms of maize (green) production in Trinidad and Tobago stood at X ha, stabilizing at the previous year. Over the period under review, the total harvested area indicated a mild increase from 2007 to 2018: its figure 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 harvested area increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. In that year, the maize harvested area reached its peak level of X ha. From 2010 to 2018, the growth of the maize harvested area failed to regain its momentum.

Maize Exports

Exports from Trinidad and Tobago

In 2018, the maize exports from Trinidad and Tobago totaled X tons, dropping by -X% against the previous year. Over the period under review, maize exports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2010 when exports decreased by -X% y-o-y. Over the period under review, maize exports attained their peak figure at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, maize exports amounted to $X in 2018. In general, maize exports continue to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2016 when exports decreased by -X% y-o-y. Over the period under review, maize exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

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) represented the major exporters of maize (green), together achieving X% of total exports. China (X tons), Oman (X tons), Belgium (X tons), France (X tons), Uzbekistan (X tons) and Thailand (X tons) held a little share of total exports.

From 2007 to 2018, average annual rates of growth with regard to maize exports from Mexico stood at +X%. 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. While the share of 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.) increased significantly in terms of the global exports from 2007-2018, the share of China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), the Netherlands ($X) and Spain ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports.

In terms of the main exporting countries, Spain experienced the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the maize export price in Trinidad and Tobago amounted to $X per ton, shrinking by -X% against the previous year. In general, the maize export price, however, continues to indicate skyrocketing growth. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. In that year, the export prices for maize (green) attained their peak level of $X per ton, and then declined slightly in the following year.

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 Trinidad and Tobago

Maize imports into Trinidad and Tobago stood at X tons in 2018, growing by X% against the previous year. In general, maize imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. In that year, maize imports attained their peak of X tons. From 2016 to 2018, the growth of maize imports remained at a lower figure.

In value terms, maize imports totaled $X in 2018. Over the period under review, maize imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. In that year, maize imports reached their peak of $X. From 2016 to 2018, the growth of maize imports failed to regain its momentum.

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 constituting X% of total imports. The Netherlands (X tons), Singapore (X tons), Belgium (X tons), Afghanistan (X tons) and Russia (X tons) took a relatively small share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. 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, Germany ($X), the U.S. ($X) and the UK ($X) were the countries with the highest levels of imports in 2018, with a combined X% share 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 Trinidad and Tobago, which together accounted for a further X terms of the main importing countries, Trinidad and Tobago recorded 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 Trinidad and Tobago amounted to $X per ton, growing by X% against the previous year. Overall, the maize import price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 an increase of X% year-to-year. Over the period under review, the import prices for maize (green) reached their peak figure in 2018 and is likely to continue its growth in the near future.

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