In 2023, China and the United States led global maize demand, with China experiencing a 2.56% YoY growth, outpacing the United States’ 0.65%. Other nations like India, Indonesia, and Egypt also showed positive momentum with solid increases. European countries like Germany and Italy, along with Japan and Ukraine, saw declines in demand, impacting overall regional demand compositions. Emerging markets such as Bangladesh and Mali grew robustly, highlighting regional disparity in growth rates. The CAGR over the past five years indicates a shift in demand dynamics, with Asian and African countries showing stronger growth potential compared to some Western nations.
Future trends to watch include increased maize utilization in India and China, driven by industrial and population growth. African countries like Nigeria and Ethiopia may continue to see rising demands aligned with economic improvements and agriculture expansion. Given geopolitical and economic contexts, monitoring demand shifts from traditional Western markets to emerging economies is crucial for stakeholders. Climate change impacts and technological advancements in agriculture could also significantly influence future maize demand patterns globally.
Top countries in Maize Demand by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 314,410 | 2023 | +2.45% | +2.56% | View data |
| 2 | 2 United States | 302,450 | 2023 | -0.078% | +0.65% | View data |
| 3 | 3 Brazil | 66,200 | 2023 | +1.04% | +0.62% | View data |
| 4 | 4 Mexico | 42,460 | 2023 | +1.18% | +0.94% | View data |
| 5 | 5 Indonesia | 34,170 | 2023 | +2.06% | +1.72% | View data |
| 6 | 6 India | 25,610 | 2023 | +1.4% | +1.82% | View data |
| 7 | 7 Argentina | 21,230 | 2023 | +1.14% | +1.99% | View data |
| 8 | 8 Egypt | 16,270 | 2023 | +0.92% | +1.62% | View data |
| 9 | 9 Vietnam | 15,820 | 2023 | +2.1% | +1.54% | View data |
| 10 | 10 Japan | 15,780 | 2023 | +0.36% | -0.054% | View data |
