Guinea-Bissau: Maize Market 2020

Maize Market Size in Guinea-Bissau

The revenue of the maize market in Guinea-Bissau amounted to $X in 2018, lowering by -X% against the previous year. Overall, maize consumption continues to indicate a deep deduction. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. In that year, the maize market attained its peak level of $X. From 2009 to 2018, the growth of the maize market remained at a lower figure.

Maize Production in Guinea-Bissau

In value terms, maize production amounted to $X in 2018 estimated in export prices. In general, maize production continues to indicate a dramatic slump. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. In that year, maize production reached its peak level of $X. From 2009 to 2018, maize production growth failed to regain its momentum.

Average yield of maize in Guinea-Bissau stood at X ton per ha in 2018, approximately mirroring the previous year. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2008 when yield increased by X% against the previous year. In that year, the maize yield attained its peak level of X ton per ha. From 2009 to 2018, the growth of the maize 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 harvested area of maize in Guinea-Bissau totaled X ha, waning by -X% against the previous year. Over the period under review, the maize harvested area continues to indicate an abrupt downturn. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. In that year, the maize harvested area attained its peak level of X ha. From 2010 to 2018, the growth of the maize harvested area remained at a somewhat lower figure.

Maize Exports

Exports from Guinea-Bissau

Maize exports from Guinea-Bissau amounted to X tons in 2018, picking up by X% against the previous year. Over the period under review, maize exports continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% year-to-year. In that year, maize exports reached their peak of X tons. From 2015 to 2018, the growth of maize exports failed to regain its momentum.

In value terms, maize exports totaled $X in 2018. Over the period under review, maize exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X% year-to-year. In that year, maize exports attained their peak of $X. From 2015 to 2018, the growth of maize exports failed to regain its momentum.

Exports by Country

In 2018, the U.S. (X tons) represented the largest exporter of maize, constituting 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 held approx. X% share of total exports. The following exporters - France (X tons), Russia (X tons) and Romania (X tons) - each recorded an X% share of total exports.

From 2007 to 2018, average annual rates of growth with regard to maize exports from the U.S. stood at +X%. 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. ($X) remains the largest maize supplier from Guinea-Bissau, comprising X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by Argentina, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. amounted to +X%. 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 Guinea-Bissau amounted to $X per ton, going down by -X% against the previous year. Overall, the maize export price continues to indicate a drastic decline. The most prominent rate of growth was recorded in 2015 when the export price decreased by X% against the previous year. Over the period under review, the export prices for maize attained their maximum at $X per ton in 2007; however, from 2008 to 2018, export prices remained at a 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 Guinea-Bissau

In 2018, approx. X tons of maize were imported into Guinea-Bissau; growing by X% against the previous year. In general, maize imports continue to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Guinea-Bissau imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, maize imports amounted to $X in 2018. Overall, maize imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. In that year, maize imports attained their peak of $X. From 2012 to 2018, the growth of maize imports remained at a somewhat lower figure.

Imports by Country

In 2018, Mexico (X tons) and Japan (X tons) represented the largest importers of maizein the world, together amounting to approx. X% of total imports. South Korea (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Vietnam (X%), Spain (X%), Iran (X%) and Egypt (X%). The Netherlands (X tons), Italy (X tons), Colombia (X tons), Saudi Arabia (X tons) and Taiwan, Chinese (X tons) took a relatively small share of total imports.

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

In value terms, Mexico ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2018, together comprising X% of total imports. Vietnam, Spain, Iran, Egypt, the Netherlands, Italy, Colombia, Taiwan, Chinese, Saudi Arabia and Guinea-Bissau lagged somewhat behind, together comprising a further X terms of the main importing countries, Vietnam experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the maize import price in Guinea-Bissau amounted to $X per ton, reducing by -X% against the previous year. In general, the maize import price continues to indicate a deep decrease. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. Over the period under review, the import prices for maize attained their peak figure at $X per ton in 2007; however, from 2008 to 2018, import prices stood at a somewhat 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