In 2024, China leads global maize production with an estimated farm gate value of $69.66 billion, reflecting its substantial role in the global market. Brazil follows with $16.79 billion, showcasing a strong year-on-year growth of 12.14% in 2023. India, with a value of $8.13 billion, experienced a 5.11% increase. Argentina and Ukraine also contribute significantly, with respective farm gate values of $6.99 billion and $5.81 billion, showing modest annual increases.
Other noteworthy contributors include Mexico at $5.28 billion and South Africa at $2.59 billion, with South Africa growing by 5.61% in 2023. Canada's maize production stands at $2.29 billion, with a slight increase of 0.92%, while Russia's production reached $2.22 billion, demonstrating a robust 9.04% growth.
Smaller maize producers such as Colombia, Chile, and Kazakhstan have lower farm gate values, with Colombia decreasing by 2.69% and Chile by 3.04% in 2023. Notably, Kazakhstan's production surged by 13.11%, and Switzerland's saw a 10.14% increase.
Future trends to watch include increasing technological advancements in agriculture, climate change impacts, and international trade policies. These factors are likely to influence production volumes and values, shaping the global maize market's dynamics.
Top countries in Maize Production at Farm Gate by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 69,660 | 2023 | +0.7% | +0.41% | View data |
| 2 | 2 Brazil | 16,790 | 2023 | +2.96% | +12.14% | View data |
| 3 | 3 India | 8,130 | 2023 | +8.97% | +5.11% | View data |
| 4 | 4 Argentina | 6,990 | 2023 | +6.04% | +2.08% | View data |
| 5 | 5 Ukraine | 5,810 | 2023 | +3.22% | +1.94% | View data |
| 6 | 6 Mexico | 5,280 | 2023 | +2.99% | +1% | View data |
| 7 | 7 South Africa | 2,590 | 2023 | +1.76% | +5.61% | View data |
| 8 | 8 Canada | 2,290 | 2023 | +1.04% | +0.92% | View data |
| 9 | 9 Russia | 2,220 | 2023 | +2.86% | +9.04% | View data |
| 10 | 10 Colombia | 426.28 | 2023 | +1.36% | -2.69% | View data |