Africa: Maize Market 2024

Maize Market Size in Africa

The African maize market contracted slightly to $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Maize Production in Africa

In value terms, maize production expanded significantly to $X in 2022 estimated in export price. Overall, production, however, showed a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were South Africa (X tons), Nigeria (X tons) and Ethiopia (X tons), with a combined X% share of total production. Egypt, Tanzania, Malawi, Mali, Kenya, Zambia, Ghana, Angola, Uganda and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Angola (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of maize in Africa totaled X tons per ha, almost unchanged from 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2020; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of maize production in Africa reduced slightly to X ha, shrinking by X% on the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to maize production attained the peak figure at X ha in 2021, and then fell in the following year.

Maize Exports

Exports in Africa

In 2022, shipments abroad of maize increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports showed tangible growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, maize exports skyrocketed to $X in 2022. In general, exports recorded a noticeable increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

South Africa was the key exporter of maize in Africa, with the volume of exports reaching X tons, which was near X% of total exports in 2022. Tanzania (X tons) held the second position in the ranking, followed by Zambia (X tons). All these countries together took approx. X% share of total exports. Cote d'Ivoire (X tons) took a relatively small share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Zambia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa and Tanzania increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest maize supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Zambia ($X), with a X% share of total exports. It was followed by Tanzania, with a X% share.

In South Africa, maize exports 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: Zambia (X% per year) and Tanzania (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Zambia ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced more modest paces of growth.

Maize Imports

Imports in Africa

For the third consecutive year, Africa recorded decline in overseas purchases of maize, which decreased by X% to X tons in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, maize imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, Egypt (X tons) represented the main importer of maize, constituting X% of total imports. It was distantly followed by Algeria (X tons), Morocco (X tons) and Tunisia (X tons), together making up a X% share of total imports. Libya (X tons), Kenya (X tons) and Senegal (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Kenya (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constitutes the largest market for imported maize in Africa, comprising X% of total imports. The second position in the ranking was taken by Algeria ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Egypt totaled X%. In the other countries, the average annual rates were as follows: Algeria (X% per year) and Morocco (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

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 Morocco ($X per ton), while Algeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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