Argentina Maize Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 80.21 Billion |
| Market Size (2029) | USD 97.12 Billion |
| CAGR (2024 - 2029) | 3.90 % |
Argentina Maize Market Analysis
The Argentina Maize Market size is estimated at USD 80.21 billion in 2024, and is expected to reach USD 97.12 billion by 2029, growing at a CAGR of 3.9% during the forecast period (2024-2029).
Argentina is the fourth largest maize producing country in the world and is the major exporter of maize. In South America, Argentina and Brazil account for more than 90% of the total maize trade. According to FAO, Argentina produced 43 million ton of maize in 2018 under the coverage of 7 million hectare of land. The consumption patterns of the maize crop in Argentina show that a major part of the maize produced is used as animal feed. Animal feed alone accounted for 75-80% of the total maize consumption in Argentina. Only 0.3 million metric ton of the total maize in Argentina is used in food processing.
Argentina Maize Market Trends
This section covers the major market trends shaping the Argentina Maize Market according to our research experts:
The Rise in the Maize Cultivation Area
The area under maize cultivation has been increasing continuously since 2016. The primary reason for such an increase is the rise in domestic and export demand and demand from animal feed industries. According to FAO, Area under maize cultivation was recorded as 7.1 million hectare in 2018, which is 0.6 million more than the previous year. Even though the area under cultivation is increasing, a drastic reduction in the maize yield is noticed. In 2018, the country witnessed a reduction of 6.01 million metric ton of yield, mainly due to drought conditions.
Argentina Dominates the Maize Exporting Market
Argentina is the second-largest exporter of maize in the world after the United States. The country exported maize worth value of 4.1 billion in 2018, which was 13.4% of the global exports. The major exporting partners are Vietnam, Algeria, Egypt, and Malaysia, with 18.8%, 14.3%, 11.4%, and 9.6% of the exporting value share. Ukraine, Indonesia, and India are the minor exporters of maize from Argentina. Even though Argentina is one of the top exporters, it imports a minor maize quantity from the United States and Bolivia.
Argentina Maize Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Value Chain / Supply Chain Analysis
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5. MARKET SEGMENTATION
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5.1 Geography
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5.1.1 Argentina
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5.1.1.1 Production Analysis
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5.1.1.2 Consumption Analysis and Market Value
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5.1.1.3 Import Market Analysis (Volume and Value)
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5.1.1.4 Export Market Analysis (Volume and Value)
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5.1.1.5 Price Trend Analysis
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6. MARKET OPPORTUNITIES AND FUTURE TRENDS
Argentina Maize Industry Segmentation
The market studied for this report consists of maize traded both domestically and internationally. The report includes production, consumption, import, export, value chain, and pricing analysis of maize in Argentina. The scope does not include maize seeds or maize seeds for sowing purposes. It includes only maize available for consumption purposes.
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Argentina Maize Market Research FAQs
How big is the Argentina Maize Market?
The Argentina Maize Market size is expected to reach USD 80.21 billion in 2024 and grow at a CAGR of 3.9% to reach USD 97.12 billion by 2029.
What is the current Argentina Maize Market size?
In 2024, the Argentina Maize Market size is expected to reach USD 80.21 billion.
What years does this Argentina Maize Market cover, and what was the market size in 2023?
In 2023, the Argentina Maize Market size was estimated at USD 77.20 billion. The report covers the Argentina Maize Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Argentina Maize Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Argentina Maize Industry Report
Statistics for the 2024 Argentina Maize market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Argentina Maize analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
