The US maize export volume is forecasted to increase steadily from 2024 to 2028, with an expected rise from 74.4 million metric tons in 2024 to 79.73 million metric tons in 2028. In comparison, the actual maize export volume for 2023 was 73 million metric tons, indicating a steady upward trend. The year-on-year percentage growth from 2024 to 2028 gradually increases, reflecting a positive trajectory and a consistent compound annual growth rate (CAGR) over this period.
Future trends to watch for include:
- Impact of climatic changes on maize yield and export capability.
- Trade policies and international agreements affecting US agricultural exports.
- Technological advancements in farming practices that could sustain or boost production.
- Global market demand fluctuations and competition from other maize-exporting countries.