Turkmenistan: Maize Market 2020

Maize Market Size in Turkmenistan

The revenue of the maize market in Turkmenistan amounted to $X in 2018, declining by -X% against the previous year. Over the period under review, maize consumption continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 with a decrease of -X% against the previous year. Over the period under review, the maize market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Maize Production in Turkmenistan

In value terms, maize production stood at $X in 2018 estimated in export prices. Over the period under review, maize production continues to indicate a dramatic reduction. The growth pace was the most rapid in 2013 with a decrease of -X% year-to-year. Over the period under review, maize production reached its maximum level at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

In 2018, the average maize yield in Turkmenistan totaled X ton per ha, surging by X% against the previous year. Over the period under review, the maize yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. The global maize yield peaked at X ton per ha in 2010; however, from 2011 to 2018, 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 2018, the harvested area of maize in Turkmenistan stood at X ha, shrinking by -X% against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when harvested area increased by X% y-o-y. In that year, the maize harvested area attained its peak level of X ha. From 2014 to 2018, the growth of the maize harvested area failed to regain its momentum.

Maize Exports

Exports from Turkmenistan

In 2018, approx. X kg of maize were exported from Turkmenistan; jumping by X% against the previous year. Overall, maize exports, however, continue to indicate a drastic descent. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Turkmenistan exports peaked at X kg in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

In value terms, maize exports stood at $X in 2018. Overall, maize exports, however, continue to indicate a precipitous contraction. The growth pace was the most rapid in 2018 when exports decreased by -X% y-o-y. Turkmenistan exports peaked at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

The U.S. was the main exporting country with an export of about X tons, which amounted to X% of total exports. Brazil (X tons) took the second position in the ranking, followed by Argentina (X tons) and Ukraine (X tons). All these countries together took near X% share of total exports. The following exporters - France (X tons), Russia (X tons) and Romania (X tons) - each reached 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. While the share of Brazil (+X p.p.), Ukraine (+X p.p.), the U.S. (+X p.p.), Argentina (+X p.p.), Romania (+X p.p.) and Russia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In the U.S., maize exports increased at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+X% per year) and Argentina (+X% per year).

Export Prices by Country

In 2018, the maize export price in Turkmenistan amounted to $X per ton, shrinking by -X% against the previous year. In general, the maize export price continues to indicate a precipitous downturn. The pace of growth was the most pronounced in 2009 a decrease of -X% year-to-year. Over the period under review, the export prices for maize reached 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 Turkmenistan

In 2018, approx. X tons of maize were imported into Turkmenistan; rising by X% against the previous year. Over the period under review, maize imports continue to indicate a skyrocketing increase. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Turkmenistan imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, maize imports totaled $X in 2018. In general, maize imports continue to indicate a skyrocketing increase. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Over the period under review, maize imports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

Mexico (X tons) and Japan (X tons) represented the major importers of maize in 2018, accounting for approx. X% and X% of total imports, respectively. South Korea (X tons) occupied the next position in the ranking, followed by Vietnam (X tons), Spain (X tons), Iran (X tons) and Egypt (X tons). All these countries together took near X% share of total imports. The Netherlands (X tons), Italy (X tons), Colombia (X tons), Saudi Arabia (X tons) and Taiwan, Chinese (X tons) followed a long way behind the leaders.

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

In value terms, the largest maize importing markets into Turkmenistan were Mexico ($X), Japan ($X) and South Korea ($X), together accounting for X% of total imports. These countries were followed by Vietnam, Spain, Iran, Egypt, the Netherlands, Italy, Colombia, Taiwan, Chinese, Saudi Arabia and Turkmenistan, which together accounted for a further X experienced the highest growth rate of imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The maize import price in Turkmenistan stood at $X per ton in 2018, growing by X% against the previous year. In general, the maize import price, however, continues to indicate an abrupt downturn. The pace of growth appeared the most rapid in 2013 when the import price increased by X% year-to-year. In that year, the import prices for maize attained their peak level of $X per ton. From 2014 to 2018, the growth in terms of the import prices for maize remained at a lower figure.

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