Africa Maize Market - Growth, Trends, Industry Analysis and Forecast to (2017-2022)
Africa accounts for almost 6.5% of the global maize production. Most of the maize is produced in rain-fed areas; however, it is also grown in the drought and famine conditions in Africa. The total harvested area under maize in Africa was around 29 million hectares in 2015-16. Nigeria is the largest producer of maize in Africa, with a market value of USD 8 million, followed by South Africa. Africa’s total consumption of maize is very high and it accounts for 28% of the global maize imports.
African Maize Market Dynamics
Africa consumes 30% of the maize produced in the world, with Sub-Saharan Africa alone accounting for 21% of the consumption. Around 14 countries of Sub-Saharan Africa consume 85-95% of maize as their staple food rather than as animal feed. Africa is more inclined towards white maize consumption, with a consumption share of around 90%. As a result, white maize gets a premium price in Africa. In the Caribbean region, yellow maize is the most preferred type of maize for food. The remaining types are used for poultry and animal feed.
South Africa is the largest and most active producer of maize in the southern African region and alone accounted for 42% of Africa’s maize trade, with 69% in the form of imports in 2015. South Africa’s maize production slumped by 30% this year, and as a result, it had to import 770,000 metric tons of maize from outside the African continent.
The price of maize in Africa has increased by 57% as compared to the last year. This price hike was expected due to the El Niño’s impact on the African maize. Many countries like Botswana, Namibia, Lesotho, Swaziland and Zimbabwe are producing marginal maize stocks, and consumption by these countries is heavily dependent on imports. Based on the severity of the El Niño’s impact, the price of maize is likely to go up from 33% to 85% in 2016-17. Zambia is the only country in this region that has a surplus amount of maize that it exports to South Africa. This year, the Zambia government announced a white maize surplus of 800,000 tons for export.
African maize trade and local maize prices are also affected by low-farm mechanization, poor land holdings, poor market infrastructure, poor storage facilities and high logistic costs. Many of the African countries witness 10% higher prices of maize compared to the global prices.
Key Players in the African Maize Market
ADM, Bunge, Cargill, Louis-Dreyfus, and CHS Inc. are among the top ten traders of the African maize market.
The African Maize crop market report covers the following information –
African trade (export-import) scenario and statistics
Major enterprises and traders operating in the market
Price trend and seasonality of the crop
Future outlook of the crop market
Stakeholders who would benefit -
Enterprises providing agricultural inputs
Traders and companies operating in the segment
Crop processing companies
Crop importers and exporters
Investors/research institutions interested in the crop market
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1.1 Definition of the Market
1.2 Research Methodology
2. Executive Summary
3. Market Overview
4. Competitive Environment
5. Market Segmentation by Country
5.1 South Africa
5.1.1 Production Analysis
5.1.2 Consumption Analysis, Market Value and Price Trend
5.1.3 Import Market Analysis (Volume and Value)
5.1.4 Export Market Analysis (Volume and Value)
5.2.1 Production Analysis
5.2.2 Consumption Analysis, Market Value and Price Trend
5.2.3 Import Market Analysis (Volume and Value)
5.2.4 Export Market Analysis (Volume and Value)
5.3.1 Production Analysis
5.3.2 Consumption Analysis, Market Value and Price Trend
5.3.3 Import Market Analysis (Volume and Value)
5.3.4 Export Market Analysis (Volume and Value)
5.4.1 Production Analysis
5.4.2 Consumption Analysis, Market Value and Price Trend
5.4.3 Import Market Analysis (Volume and Value)
5.4.4 Export Market Analysis (Volume and Value)
5.5.1 Production Analysis
5.5.2 Consumption Analysis, Market Value and Price Trend
5.5.3 Import Market Analysis (Volume and Value)
5.5.4 Export Market Analysis (Volume and Value)