Middle East: Maize Market 2024

Maize Market Size in the Middle East

In 2022, after two years of decline, there was significant growth in the Middle Eastern maize market, when its value increased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Maize Production in the Middle East

In value terms, maize production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Turkey (X tons) remains the largest maize producing country in the Middle East, accounting for X% of total volume. Moreover, maize production in Turkey exceeded the figures recorded by the second-largest producer, the United Arab Emirates (X tons), eightfold. The third position in this ranking was held by Iraq (X tons), with a X% share.

In Turkey, maize production increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Iraq (X% per year).

The average maize yield rose modestly to X tons per ha in 2022, surging by X% compared with the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the maize yield hit record highs at X tons per ha in 2018; however, from 2019 to 2022, the yield remained at a lower figure. 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 the Middle East; with an increase of X% against the year before. In general, the harvested area, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Maize Exports

Exports in the Middle East

In 2022, shipments abroad of maize was finally on the rise to reach X tons after two years of decline. Overall, exports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2019 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, maize exports soared to $X in 2022. In general, exports, however, showed a pronounced descent. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Turkey (X tons) was the main exporter of maize, making up X% of total exports. Jordan (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons). All these countries together took approx. X% share of total exports. Yemen (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the maize exports, with a CAGR of X% from 2012 to 2022. At the same time, Jordan (X%) displayed positive paces of growth. Yemen experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and Jordan increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest maize supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Jordan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Jordan (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, with an increase of X% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (X%), while the other leaders experienced mixed trends in the export price figures.

Maize Imports

Imports in the Middle East

After two years of decline, supplies from abroad of maize increased by X% to X tons in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, maize imports skyrocketed to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

Iran represented the largest importing country with an import of about X tons, which resulted at X% of total imports. Saudi Arabia (X tons) ranks second in terms of the total imports with a X% share, followed by Turkey (X%), Israel (X%) and Iraq (X%). The following importers - Jordan (X tons) and Yemen (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to maize imports into Iran stood at X%. At the same time, Iraq (X%), Turkey (X%), Saudi Arabia (X%), Jordan (X%) and Yemen (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Israel experienced a relatively flat trend pattern. Turkey (X p.p.) and Iraq (X p.p.) significantly strengthened its position in terms of the total imports, while Yemen and Israel saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest maize importing markets in the Middle East were Iran ($X), Turkey ($X) and Saudi Arabia ($X), with a combined X% share of total imports. Israel, Jordan, Iraq and Yemen lagged somewhat behind, together comprising a further X%.

Iraq, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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