In 2023, China led the global corn feed and residual share with 29.35 thousand metric tons, showing a year-on-year growth of 2.38%. The United States followed with 18.89 thousand metric tons, increasing by 0.81%. Brazil, Mexico, and India also held significant shares with year-on-year variations of 2.18%, 1.5%, and 2.21%, respectively. Russia displayed a notable 5.22% increase, while Pakistan saw the highest growth at 9.02%. In contrast, Egypt and Iran experienced decreases, with -0.89% and -1.44%, respectively. Emerging countries like Bangladesh and Ghana showed substantial gains of 6.49% and 13.18%, highlighting shifting trends in corn feed demands.
Future trends to watch:
- Increasing demand from developing nations, driven by population growth and rising livestock consumption.
- Potential impact of geopolitical instability and trade policies on major exporters like the United States and Brazil.
- Technological advancements and sustainable farming practices enhancing productivity and efficiency in top-producing nations.
- Climate change influences on agricultural yield and shifts in acreage dedicated to corn cultivation.
- Expanding role of biotechnology and genetic modifications in corn production to meet rising global demands.
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 29.35 | 2023 | +12.5% | +2.38% | View data |
| 2 | 2 United States | 18.89 | 2023 | +1.81% | +0.81% | View data |
| 3 | 3 Brazil | 8.36 | 2023 | +1.6% | +2.18% | View data |
| 4 | 4 Mexico | 3.67 | 2023 | +1.82% | +1.5% | View data |
| 5 | 5 India | 2.54 | 2023 | -6.31% | +2.21% | View data |
| 6 | 6 Egypt | 1.72 | 2023 | +16.96% | -0.89% | View data |
| 7 | 7 Vietnam | 1.67 | 2023 | +2.42% | -0.16% | View data |
| 8 | 8 Japan | 1.58 | 2023 | +2.56% | -0.49% | View data |
| 9 | 9 Canada | 1.41 | 2023 | +11.66% | +2.88% | View data |
| 10 | 10 Argentina | 1.29 | 2023 | +30.67% | +0.21% | View data |
