In 2023, Mexico dominated global maize imports with a volume share of 10.52 thousand metric tons, followed by Japan and Vietnam, holding 8.57 and 6.43 thousand metric tons, respectively. Mexico saw a 2.25% year-on-year increase, and Brazil experienced a substantial 5.5% rise, reflecting its growing demand. In contrast, Indonesia faced a significant reduction of 19.96%, and Lithuania saw a 2.29% decline. Interestingly, South Africa reported a massive 64% surge in imports. Top European importers like Spain, Italy, and Germany showed marginal growth below 1%.
Moving forward, it is crucial to monitor socio-economic developments, trade policies, and agri-technology advancements influencing these import volumes. Key trends include expected growth in emerging markets due to rising agricultural needs and potential fluctuations in traditional markets due to trade agreements and economic conditions. Additionally, climate change impacts on maize production globally will remain a critical factor. Watch for China's changing import strategy and other major shifts in Asian and European markets.
Top countries in Maize Import Volume Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mexico | 10.52 | 2023 | +2.64% | +2.25% | View data |
| 2 | 2 Japan | 8.57 | 2023 | +0.3% | -0.12% | View data |
| 3 | 3 Vietnam | 6.43 | 2023 | +3.44% | +2.41% | View data |
| 4 | 4 Spain | 5.5 | 2023 | +2.28% | +0.97% | View data |
| 5 | 5 South Korea | 5.42 | 2023 | -0.12% | -0.56% | View data |
| 6 | 6 Iran | 5.3 | 2023 | +2.26% | +0.98% | View data |
| 7 | 7 China | 4.38 | 2023 | +0.66% | +0.47% | View data |
| 8 | 8 Egypt | 4.08 | 2023 | -0.68% | +0.013% | View data |
| 9 | 9 Italy | 3.48 | 2023 | +1.69% | +0.99% | View data |
| 10 | 10 Netherlands | 3.35 | 2023 | +0.99% | -0.075% | View data |
