Global Maize Market 2025

Maize Market Size

The global maize market expanded to $X in 2022, growing by 4.5% against the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Maize Production

In value terms, maize production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 79%. As a result, production attained the peak level of $X. From 2021 to 2022, global production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were the United States (X tons), China (X tons) and Brazil (X tons), with a combined 62% share of global production. Argentina, Ukraine, India, Mexico and Indonesia lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +10.9%), while production for the other global leaders experienced more modest paces of growth.

In 2022, the global average maize yield declined slightly to X tons per ha, therefore, remained relatively stable against the year before. The yield figure increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when the yield increased by 11% against the previous year. The global yield peaked at X tons per ha in 2021, and then fell 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, the global harvested area of maize shrank modestly to X ha, waning by -1.7% compared with 2021. The harvested area increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the harvested area increased by 4%. The global harvested area peaked at X ha in 2021, and then contracted slightly in the following year.

Maize Exports

Exports

For the eleventh consecutive year, the global market recorded growth in shipments abroad of maize, which increased by 7.2% to X tons in 2022. Overall, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.6% against 2012 indices. The most prominent rate of growth was recorded in 2015 with an increase of 15%. The global exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, maize exports soared to $X in 2022. In general, exports posted buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 39%. The global exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The biggest shipments were from the United States (X tons), Brazil (X tons), Argentina (X tons) and Ukraine (X tons), together reaching 78% of total export. Romania (X tons), France (X tons), Paraguay (X tons), South Africa (X tons), Poland (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +13.1%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Brazil ($X) and Argentina ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 64% share of global exports. Ukraine, France, Romania, Poland, South Africa, India and Paraguay lagged somewhat behind, together accounting for a further 24%.

Poland, with a CAGR of +16.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average maize export price stood at $X per ton in 2022, growing by 15% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 37%. The global export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.6%), while the other global leaders experienced more modest paces of growth.

Maize Imports

Imports

Global maize imports rose significantly to X tons in 2022, increasing by 7.7% on the year before. In general, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.5% 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 +70.8% against 2012 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 13% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, maize imports expanded significantly to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +96.3% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

The countries with the highest levels of maize imports in 2022 were China (X tons), Mexico (X tons), Japan (X tons), South Korea (X tons), Vietnam (X tons) and Spain (X tons), together accounting for 44% of total import. Egypt (X tons), Iran (X tons), Italy (X tons), Colombia (X tons), the Netherlands (X tons), Canada (X tons) and Algeria (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 leading importing countries, was attained by Canada (with a CAGR of +22.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest maize importing markets worldwide were China ($X), Japan ($X) and Mexico ($X), together comprising 29% of global imports. South Korea, Spain, Egypt, Italy, Vietnam, the Netherlands, Iran, Canada, Colombia and Algeria lagged somewhat behind, together accounting for a further 35%.

Canada, with a CAGR of +16.5%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average maize import price amounted to $X per ton, growing by 5.2% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 28%. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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