Europe Maize Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Europe maize market is segmented by Geography into Ukraine, France, Italy, and Romania. The report includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis.

Market Snapshot

Europe Maize Market Overview
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 4.2 %

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Market Overview

The Europe maize is projected to register a CAGR of 4.2% during the forecast period (2021-2026).

There was a negative impact on food supply chains and demand for food in Europe owing to the COVID-19 pandemic. The shortage of labor has led to disruption in harvesting activities. During the early stages of lockdown, farmers faced challenges in input availability, transportation, sales, and cash flows. The trade barriers imposed have made it difficult to export and import the product.

The leading maize-producing countries in Europe are Ukraine, France, Italy, and Romania. Ukraine alone accounts for almost 10.0% of the global maize crop. Even though the European Union has the largest market share in the global maize export, it imports 13.0% of the total maize produced globally. Ukraine is the largest exporter of maize in Europe; it exports around 46.0% of its total production to the other European countries. Such a huge dependence on Ukrainian maize supply can, at times, proves detrimental for the other European countries. The recent political instability in Ukraine and the ban on Ukrainian trade have created a shortage of maize supply in Europe. France utilizses 50.0% of its maize production as pig feed and exported the rest to other European countries.

Scope of the report

Maize, also known as corn, is a cereal grain that is considered a commodity and a staple food in multiple parts of the world, including Europe. The present report covers maize production, consumption, trade, and price trend analysis. Here, maize is considered as a commodity and the data involved excludes maize seed for sowing. Market size estimations for the forecast years were in nominal terms. The Average Selling Price (ASP) was kept constant through the forecast period for each country. The Europe maize market is segmented by Geography into Ukraine, France, Italy, and Romania. The report includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis.

Geography (Production Analysis, Consumption Analysis by Value & Volume, Import Analysis by Value & Volume, Export Analysis by Value & Volume and Price Trend Analysis)
Ukraine
France
Italy
Romania

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Key Market Trends

Increased Demand for Animal-based Protein Sources Driving the Market

The increasing pressure on the livestock industry has intensified in recent years, to meet the rising demand for meat and high-value animal protein. Population growth, rising incomes in developing nations, and urbanization have led to a surge in global livestock consumption. The levels of income and consumption of animal protein have been found to be directly correlated to the consumption of milk, meat, and eggs, which is increasing at the expense of staple foods. Maize is one of the key ingredients of almost every type of compound feed for animal types, such as ruminants, poultry swine, and aquaculture. Hence, the rising demand for animal-based protein sources is likely to drive the trade and the market for maize at a global level.

Europe Maize Market Key Trends

Maize Prices in Europe are Likely to Fall in the Future

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.

Europe Maize Market Geography Trends

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 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 Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography (Production Analysis, Consumption Analysis by Value & Volume, Import Analysis by Value & Volume, Export Analysis by Value & Volume and Price Trend Analysis)

      1. 5.1.1 Ukraine

      2. 5.1.2 France

      3. 5.1.3 Italy

      4. 5.1.4 Romania

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

  7. 7. AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET

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Frequently Asked Questions

The Europe Maize Market market is studied from 2016 - 2026.

The Europe Maize Market is growing at a CAGR of 4.2% over the next 5 years.

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