Key Market Indicators
Korean maize consumption is expected to reach 800,000 metric tons by 2026, up 0.6% annually from the current 769,000 metric tons. Since 2017, demand has grown 0.8% annually. In 2021, Korea ranked 37th in consumption, while Mali beat it out with 769,000 metric tons. India, China, and Indonesia came in second, third, and fourth, respectively. Korean maize production, meanwhile, is expected to dip slightly to 74,850 metric tons by 2026, a 0.2% year-on-year CAGR. Since 1966, supply has risen 0.6% annually. In 2021, the country was 102nd in production, while Israel passed it with 75,720 metric tons. China, Brazil, and Argentina came in second, third, and fourth, respectively.
