The recorded data shows a consistent increase in maize demand in Australia from 2014 to 2023, with some fluctuations. In 2023, the demand stood at 394.0 thousand metric tons. Past data reflects a major increase in 2015, while subsequent years saw minor variations, demonstrating a steady growth rate. Year-on-year variation from 2023 was 0.51%, and the 5-year CAGR leading up to 2023 was 0.62%. Future forecasts suggest continued modest growth, with a forecasted 5-year CAGR of 0.35% and a total growth rate of 1.77% by 2028.
- Consistent demand growth from 2014 to 2023.
- Major increase in demand in 2015, significant subsequent variation settlement.
- Latest year-on-year variation (2023): 0.51%.
- 5-year CAGR up to 2023: 0.62%.
- Forecasted 5-year CAGR to 2028: 0.35%, with a growth rate of 1.77%.
Future trends to watch include potential market disruptions due to climatic changes, evolving agricultural practices, and shifts in global trade policies that could impact supply chains and overall maize demand in Australia.
