The demand for maize in Germany has shown a declining trend from 2014 to 2023. In 2023, the demand stood at 6.24 million metric tons, representing a year-on-year decline of 1.2%. The compound annual growth rate (CAGR) over the last five years ending in 2023 was -1.47%, indicating a consistent decrease in consumption. Historical data also reveals significant year-on-year fluctuations, with notable declines in 2015 and 2016, and minor recoveries in 2017 and 2018, though these were insufficient to reverse the overall downward trend.
The forecasted data from 2024 onwards projects a continued decline, with the demand expected to drop to 5.84 million metric tons by 2028, at a forecasted 5-year CAGR of -1.05%. The overall predicted 5-year growth rate from 2023 to 2028 is -5.14%, further confirming the diminishing trend.
Trends to watch for in the future include:
- Shifts in agricultural policy or subsidies that may impact maize production and consumption.
- Changes in dietary preferences and the move towards alternative grains or synthetic foods.
- Technological advancements in agriculture, which might affect yield and thereby influence demand.
- The impact of global trade dynamics and import-export policies on maize availability and pricing.
