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Europe Maize Market - Growth and Trends, Forecast to 2022

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Europe is the largest exporter of maize in the world. European countries accounted for 33.1% of the global maize export basket worth USD 9.4 billion, in 2015. However, of this 33.1%, 31.1% is traded between European countries and only the remaining 2% is exported to the outside world.

Europe Maize Market Dynamics

In 2015, the area under maize cultivation was 9.58 million hectares and it has fallen to 9.24 million hectares in 2016. The total production of maize also fell from 75.78 million metric tons in 2015 to 57.98 million metric tons in 2016, witnessing a decline of 6.33 million metric tons (almost 10.86% decline in the Europe’s total maize production).

The leading maize producing countries in Europe are Ukraine, France, Italy, and Romania. Ukraine alone accounts for almost 10% of the global maize crop. Even though the EU has the largest market share in the global maize export, it imports 13% of the total maize produced globally. Ukraine is the largest exporter of maize in Europe; it exports around 46% of its total production to the other European countries. Such a huge dependence on Ukrainian maize supply can, at times, prove detrimental for the other European countries. The recent political instability in Ukraine and the ban on Ukrainian trade has created a shortage of maize supply in Europe. France utilized 50% of its maize production as pig feed and exported the rest to the other European countries.

The maize prices are expected to fall in the future. The reason for the low prices of maize is the fall in the price of crude oil. This is because the biofuel production from maize has fallen due to the availability of crude oil at a lower price. This has affected the overall maize prices in Europe.

There are some other factors that determine maize prices in Europe. The EU controls the policies and regulates trade in Europe. When the commodity price of maize fell around the world, the EU protected its small and marginal farmers by imposing an import duty of EUR 5.32 per metric ton. This step by the EU restricted the maize imports from the Rest of the World. European farmers have small farm holdings and the cost of cultivation of maize is high compared to the Americas. All these factors are expected to lead to higher maize prices in Europe as compared to the Rest of the World in 2016-17.

Key Players in the European Maize Market

Any company that wants to trade in maize in the European countries has to keep in mind the regulations related to GM crops. Around 30 countries do not allow GM food products, neither do they grow nor import any GM crop for food, feeds, and pharmaceutical purposes.

ADM, Bunge, Cargill, Ingredion, Louis-Dreyfus, Mriya Agroholding, SLC Agricola, Syngenta AG, and Tate & Lyle are among the main traders of the European maize market.

The European Maize crop market report covers the following information –

  • Crop production
  • European consumption
  • European 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 -

  • Crop growers
  • 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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