Key Market Indicators
Iran is set to increase its consumption of maize to 360 thousand metric tons by 2026. This figure is up from 325 thousand metric tons in 2021, representing an average year-on-year growth rate of 1.7%. Since 2017, Iranian demand has grown by 0.7% each year. In 2021, Iran ranked 61st in the world in maize consumption, with Bolivia taking the lead at 325 thousand metric tons. India, China, and Indonesia were the top three countries in this category. Iran is also set to reduce its production of maize to 1.02 million metric tons by 2026. This figure is down from 1.11 million metric tons in 2021, representing a year-on-year compound annual growth rate of -1.5%. Since 1966, Iranian supply has declined by 1% each year. In 2021, the country was ranked 59th in the world for maize production, with Greece coming out on top at 1.11 million metric tons. China, Brazil, and Argentina were the top three countries in this category.
