Argentina Maize Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Argentina maize market report includes the trend, production, consumption, growth, and demand of the maize in Argentina.

Argentina Maize Market Size

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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 %
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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 Maize Market, Area Under Maize Cultivation, Million Hectares, 2016-2018

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

Argentina Maize Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain / Supply Chain Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography

      1. 5.1.1 Argentina

        1. 5.1.1.1 Production Analysis

        2. 5.1.1.2 Consumption Analysis and Market Value

        3. 5.1.1.3 Import Market Analysis (Volume and Value)

        4. 5.1.1.4 Export Market Analysis (Volume and Value)

        5. 5.1.1.5 Price Trend Analysis

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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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.

Geography
Argentina
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
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Argentina Maize Market Research FAQs

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.

In 2024, the Argentina Maize Market size is expected to reach USD 80.21 billion.

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 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Argentina Maize Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)