The United States leads the global maize export market with a significant 36.18% share, despite a modest growth of 0.82% in 2023. Brazil and Argentina followed, with shares of 13.2% and 12.55%, respectively. Brazil has seen a notable expansion of 3.63% year-on-year, whereas Argentina grew by 1.98%. Notably, emerging players like Myanmar and Malaysia experienced substantial growth rates of 5.57% and 12.61%, respectively. Conversely, major markets like India and Chile contracted by -19.81% and -14.18%. Overall, developed markets showed stability while emerging markets exhibited more dynamic fluctuations.
Future growth is likely in markets with improving export infrastructure and crop yields, such as in Myanmar and South Korea. Environmental factors and geopolitical scenarios will influence the competitive dynamics between traditional powerhouses like the United States and emerging exporters. Watch for policy-driven developments in agricultural technology impacting crop yields and trade flows.
Top countries in Export of Maize Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 36.18 | 2023 | +2.15% | +0.82% | View data |
| 2 | 2 Brazil | 13.2 | 2023 | +2.47% | +3.63% | View data |
| 3 | 3 Argentina | 12.55 | 2023 | +2.07% | +1.98% | View data |
| 4 | 4 Ukraine | 10.98 | 2023 | +3.39% | +3.11% | View data |
| 5 | 5 France | 4 | 2023 | -1.67% | -2.27% | View data |
| 6 | 6 Romania | 3.17 | 2023 | +3.29% | +2.82% | View data |
| 7 | 7 Russia | 2.96 | 2023 | +4.25% | +5.27% | View data |
| 8 | 8 Hungary | 2.06 | 2023 | +0.023% | +0.93% | View data |
| 9 | 9 South Africa | 1.26 | 2023 | +0.95% | +0.76% | View data |
| 10 | 10 Mexico | 1.02 | 2023 | +3.26% | +8.74% | View data |
