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Latin America and the Caribbean - Maize (Green) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLatin America and the Caribbean: Maize (Green) Market 2024
Maize (Green) Market Size in Latin America and the Caribbean
The Latin American maize (green) market skyrocketed to $X in 2023, increasing by X% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.
Maize (Green) Production in Latin America and the Caribbean
In value terms, maize (green) production soared to $X in 2023 estimated in export price. The total production indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.
The country with the largest volume of maize (green) production was Mexico (X tons), comprising approx. X% of total volume. Moreover, maize (green) production in Mexico exceeded the figures recorded by the second-largest producer, Peru (X tons), twofold. The third position in this ranking was held by Chile (X tons), with a X% share.
In Mexico, maize (green) production expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Peru (X% per year) and Chile (X% per year).
In 2023, the average yield of maize (green) in Latin America and the Caribbean contracted slightly to X tons per ha, approximately mirroring the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of yield peaked at X tons per ha in 2022, and then dropped modestly 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 2023, the total area harvested in terms of maize (green) production in Latin America and the Caribbean reduced slightly to X ha, approximately equating the year before. Over the period under review, the harvested area, however, continues to indicate modest growth. The growth pace was the most rapid in 2018 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to maize (green) production reached the maximum at X ha in 2022, and then dropped modestly in the following year.
Maize (Green) Exports
Exports in Latin America and the Caribbean
In 2023, approx. X tons of maize (green) were exported in Latin America and the Caribbean; with an increase of X% compared with the previous year's figure. In general, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are likely to continue growth in the immediate term.
In value terms, maize (green) exports reached $X in 2023. Overall, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are likely to continue growth in the immediate term.
Exports by Country
Mexico prevails in exports structure, recording X tons, which was approx. X% of total exports in 2023. It was distantly followed by Costa Rica (X tons) and Honduras (X tons), together comprising a X% share of total exports. Guatemala (X tons) and the Dominican Republic (X tons) took a little share of total exports.
From 2012 to 2023, average annual rates of growth with regard to maize (green) exports from Mexico stood at X%. At the same time, Honduras (X%), the Dominican Republic (X%) and Costa Rica (X%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. Guatemala experienced a relatively flat trend pattern. From 2012 to 2023, the share of Mexico and Honduras increased by X and X percentage points, respectively.
In value terms, Mexico ($X) remains the largest maize (green) supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Honduras ($X), with a X% share of total exports. It was followed by Costa Rica, with a X% share.
From 2012 to 2023, the average annual growth rate of value in Mexico stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Honduras (X% per year) and Costa Rica (X% per year).
Export Prices by Country
In 2023, the export price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price showed a tangible expansion. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the Dominican Republic ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Honduras (X%), while the other leaders experienced more modest paces of growth.
Maize (Green) Imports
Imports in Latin America and the Caribbean
After three years of decline, supplies from abroad of maize (green) increased by X% to X tons in 2023. Total imports indicated a buoyant increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are likely to continue growth in the near future.
In value terms, maize (green) imports soared to $X in 2023. In general, imports saw a remarkable increase. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in the immediate term.
Imports by Country
In 2023, El Salvador (X tons) was the major importer of maize (green), committing X% of total imports. Mexico (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Paraguay (X%) and Uruguay (X%). Cayman Islands (X tons), Bahamas (X tons), Colombia (X tons), Aruba (X tons) and Curacao (X tons) followed a long way behind the leaders.
Imports into El Salvador increased at an average annual rate of X% from 2012 to 2023. At the same time, Colombia (X%), Paraguay (X%), Bahamas (X%), Aruba (X%), Cayman Islands (X%), Curacao (X%), Uruguay (X%) and Mexico (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. El Salvador (X p.p.), Paraguay (X p.p.), Bahamas (X p.p.) and Colombia (X p.p.) significantly strengthened its position in terms of the total imports, while Mexico saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Mexico ($X) constitutes the largest market for imported maize (green) in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by El Salvador ($X), with a X% share of total imports. It was followed by Cayman Islands, with an X% share.
From 2012 to 2023, the average annual rate of growth in terms of value in Mexico amounted to X%. In the other countries, the average annual rates were as follows: El Salvador (X% per year) and Cayman Islands (X% per year).
Import Prices by Country
In 2023, the import price in Latin America and the Caribbean amounted to $X per ton, reducing by X% against the previous year. Import price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, maize (green) import price decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Aruba ($X per ton), while Paraguay ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Aruba (X%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the maize (green) market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 446 - Green Corn (Maize)
Country coverage:
- Anguilla
- Antigua and Barbuda
- Argentina
- Aruba
- Bahamas
- Barbados
- Belize
- Bolivia
- Brazil
- British Virgin Islands
- Cayman Islands
- Chile
- Colombia
- Costa Rica
- Cuba
- Curacao
- Dominica
- Dominican Republic
- Ecuador
- El Salvador
- Falkland Islands (Malvinas)
- French Guiana
- Grenada
- Guadeloupe
- Guatemala
- Guyana
- Haiti
- Honduras
- Jamaica
- Martinique
- Mexico
- Montserrat
- Nicaragua
- Panama
- Paraguay
- Peru
- Puerto Rico
- Saint Kitts and Nevis
- Saint Lucia
- Saint Maarten (Dutch part)
- Saint Vincent and the Grenadines
- Suriname
- Trinidad and Tobago
- Turks and Caicos Islands
- United States Virgin Islands
- Uruguay
- Venezuela
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Latin America and the Caribbean, split by region and country
- Trade (exports and imports) in Latin America and the Caribbean
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Anguilla
- Antigua and Barbuda
- Argentina
- Aruba
- Bahamas
- Barbados
- Belize
- Bolivia
- Brazil
- British Virgin Islands
- Cayman Islands
- Chile
- Colombia
- Costa Rica
- Cuba
- Curacao
- Dominica
- Dominican Republic
- Ecuador
- El Salvador
- Falkland Islands (Malvinas)
- French Guiana
- Grenada
- Guadeloupe
- Guatemala
- Guyana
- Haiti
- Honduras
- Jamaica
- Martinique
- Mexico
- Montserrat
- Nicaragua
- Panama
- Paraguay
- Peru
- Saint Kitts and Nevis
- Saint Lucia
- Saint Vincent and the Grenadines
- Saint Maarten (Dutch part)
- Suriname
- Trinidad and Tobago
- Turks and Caicos Islands
- United States Virgin Islands
- Uruguay
- Venezuela
- Puerto Rico
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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