The maize consumption at farm gate in the US has shown a general upward trend from 2013 to 2023. In 2023, the consumption stood at 323.33 million metric tons. The period between 2013 and 2023 saw fluctuations with notable changes in specific years such as 2013, which had an 11.4% increase, and 2016, which saw a 5.04% rise. The CAGR over the last five years leading up to 2023 was 0.82%, indicating a steady but slow growth rate.
Future trends to watch for:
- The forecasted CAGR of 0.86% indicates continued moderate growth in maize consumption.
- Technological advancements in agriculture and crop yield improvements might further influence consumption patterns.
- Market dynamics such as trade policies, climate change impacts, and biofuel demands could also affect future maize consumption trends.