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Africa Maize Market Analysis, Forecast, Size, Trends and Insights Report 2019-2025 - ResearchAndMarkets.com

September 13, 2019

DUBLIN--(BUSINESS WIRE)--Sep 13, 2019--

The “Africa - Maize - Market Analysis, Forecast, Size, Trends and Insights” report has been added to ResearchAndMarkets.com’s offering.

The revenue of the maize market in Africa amounted to $35.1B in 2018, growing by 1.8% against the previous year.

This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.6% from 2007 to 2018; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the market value increased by 17% against the previous year. Over the period under review, the maize market reached its peak figure level in 2018 and is likely to continue its growth in the near future.

Consumption By Country in Africa

The countries with the highest volumes of maize consumption in 2018 were South Africa (16M tonnes), Egypt (16M tonnes) and Nigeria (11M tonnes), with a combined 42% share of total consumption. Ethiopia, Tanzania, Algeria, Zambia, Kenya, Malawi, Mali, Uganda and Morocco lagged somewhat behind, together accounting for a further 38%.

From 2007 to 2018, the most notable rate of growth in terms of maize consumption, amongst the main consuming countries, was attained by Mali, while the other leaders experienced more modest paces of growth.

The countries with the highest levels of maize per capita consumption in 2018 were South Africa (283 kg per person), Zambia (219 kg per person) and Malawi (183 kg per person).

From 2007 to 2018, the most notable rate of growth in terms of maize per capita consumption, amongst the main consuming countries, was attained by Mali, while the other leaders experienced more modest paces of growth.

Market Forecast 2019-2025 in Africa

Driven by increasing demand for maize in Africa, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.5% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 123M tonnes by the end of 2025.

Production in Africa

In 2018, the production of maize in Africa totaled 87M tonnes, going up by 6.2% against the previous year. The total output volume increased at an average annual rate of +5.2% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of 19% year-to-year. The volume of maize production peaked in 2018 and is expected to retain its growth in the near future. The general positive trend in terms of maize output was largely conditioned by resilient growth of the harvested area and a modest increase in yield figures.

In value terms, maize production stood at $31.2B in 2018 estimated in export prices. The total output value increased at an average annual rate of +2.9% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2014 when production volume increased by 31% year-to-year. In that year, maize production attained its peak level of $31.9B. From 2015 to 2018, maize production growth remained at a somewhat lower figure.

Production By Country in Africa

The countries with the highest volumes of maize production in 2018 were South Africa (18M tonnes), Nigeria (11M tonnes) and Ethiopia (8.9M tonnes), with a combined 44% share of total production. Egypt, Tanzania, Zambia, Malawi, Uganda, Mali, Kenya, Cameroon and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 40%.

From 2007 to 2018, the most notable rate of growth in terms of maize production, amongst the main producing countries, was attained by Mali, while the other leaders experienced more modest paces of growth.

Harvested Area in Africa

In 2018, approx. 42M ha of maize were harvested in Africa; picking up by 4.3% against the previous year. The harvested area increased at an average annual rate of +3.7% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2008 when harvested area increased by 9.3% y-o-y. The level of maize harvested area peaked in 2018 and is expected to retain its growth in the immediate term.

Yield in Africa

The average maize yield stood at 2.1 tonne per ha in 2018, increasing by 1.8% against the previous year. The yield figure increased at an average annual rate of +1.4% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 11% year-to-year. Over the period under review, the maize yield reached its peak figure level at 2.1 tonne per ha in 2010; however, from 2011 to 2018, yield remained at a lower figure.

Exports in Africa

In 2018, the amount of maize exported in Africa amounted to 2.9M tonnes, falling by -6% against the previous year. In general, maize exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2009 with an increase of 81% against the previous year. The volume of exports peaked at 3.4M tonnes in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

In value terms, maize exports totaled $615M (estimates) in 2018. Overall, maize exports, however, continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2011 when exports increased by 81% y-o-y. In that year, maize exports reached their peak of $1.1B. From 2012 to 2018, the growth of maize exports remained at a lower figure.

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Overview

4. Most Promising Products

5. Most Promising Supplying Countries

6. Most Promising Overseas Markets

7. Production

8. Imports

9. Exports

10. Prices And Price Development

11. Profiles Of Major Producers

12. Country Profiles

For more information about this report visit https://www.researchandmarkets.com/r/7vvgp3

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KEYWORD: AFRICA

INDUSTRY KEYWORD: FOOD/BEVERAGE RETAIL

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 09/13/2019 07:56 AM/DISC: 09/13/2019 07:56 AM

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