South Africa Maize Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The South Africa Maize Market includes the Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The report offers the market size and forecasts in terms of volume (metric ton) and value (USD thousand) for all the above segments.

Market Snapshot

South Africa Maize Market Size
Study Period: 2017-2027
Base Year: 2021
CAGR: 4.5 %

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Market Overview

The South African maize market is projected to register a CAGR of 4.5% during the forecast period (2022-2027).

Maize is the major field crop produced in South Africa, and it is considered the staple food. As South Africa went into lockdown, the panic buying of maize led to uncertainty in demand. Due to COVID-19 restrictions, exports become complicated, and exporters suffered from decreased prices in the global maize market. Hence, the COVID-19 pandemic had a negative impact on the South African maize market.

Maize production in South Africa has increased in the recent past. According to the Crop Estimates Committee (CEC), maize production increased by 6.0% during the 2020-2021 cropping season compared to the previous cropping season.

Though maize is cultivated across South Africa, few regions such as Free State, Mpumalanga, and the North-West provinces accounted for 84.0% of the overall production of maize in the country in 2020-2021.

Scope of the Report

Maize is one of the major cereal crops grown in the country. The South African maize market includes the production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis. The report offers market estimation and forecasts in value (USD thousand) and volume (metric ton).

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Key Market Trends

Increasing Maize Crop Production

According to the FAO, the area under cultivation for maize in South Africa was 2.3 million hectares in 2018, which increased to 2.6 million hectares in 2020, an increase of 12%. According to the Crop Estimation Committee (ECE), South Africa produced 16.315 million ton of maize in its 2020/2021 season compared to 15.300 million ton harvested in the previous season, an increase of 6.6% in production.

The major maize-producing areas are North West, Free State, and Mpumalanga, while in Kwazulu-Natal, it is mostly produced for household consumption. Smallholder farmers prefer to produce white maize for their household consumption and sell it as green maize. On the other hand, yellow maize is mostly produced for animal feed and for brewing traditional drinks.

According to the CEC, in 2020/2021, the production of white maize was 8,600 million ton, and the yield was 5,09 t/ha. In the case of yellow maize, the production increased by 20,000 ton from 7,602 million ton to 7,715 million ton, and the yield was 7,17 t/h.​ The high price of maize in the 2018-2019 cropping season, USD 2.63 per ton, and the use of maize for a variety of purposes are contributing to the increase in maize production in the country.

South Africa Maize Market trends

South Africa is a Major Exporter of Maize

South Africa is a significant exporter of maize, with an export volume of 2,585,157 metric ton, valued at USD 559,174.0 in 2020. According to ICT, the maize export increased by 5% in 2020, though there was a decrease in export from 2017 to 2019. The decreased area under production during the 2018-2019 cropping season was the major reason for a 31.0% decline in the export of maize in 2019, accounting for 1.1 million ton. In 2020, 16.8% of the total maize produced in the country was exported. Botswana, Namibia, Republic of Korea, Zimbabwe, Mozambique, Eswatini, and Tanzania are the primary importers of maize from South Africa. Zimbabwe alone accounts for 26.3% of South Africa's export market share, mainly due to the perennial drought in the country. In 2019, South Korea was the country with the highest levels of per capita maize consumption, 223kg/person, owing to its large export of maize. In the same year, South Africa attributed for 17% of maize imports in South Korea. The changing food patterns and the increasing demand for maize may result in an increase in its export.

South Africa Maize Market analysis

Recent Developments

In September 2021, Turkey reduced the import customs duty for wheat, rye, barley, oats, maize, chickpeas, and lentils to zero. This will increase the scope of maize export to Turkey.

In 2021, a plan was formulated by the South African Insurance Association (SAIA) and the government for a ZAR 3.2 billion (USD 223 million), 10-year state subsidy scheme aimed at fixing the market's problems. Under the scheme, the commercial grain and oilseed farmers will have 25% of their MPCI (Multi-peril Crop Insurance) premiums subsidized. Smallholders in grain, oilseed, or livestock would be offered a type of cover called weather index insurance and have the state pay 75% of their premiums.

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

  5. 5. MARKET SEGMENTATION

    1. 5.1 Production Analysis (Volume)

    2. 5.2 Consumption Analysis (Value and Volume)

    3. 5.3 Import Analysis (Value and Volume)

    4. 5.4 Export Analysis (Value and Volume)

    5. 5.5 Price Trend Analysis

  6. 6. REGIONAL ANALYSIS

    1. 6.1 PESTLE Analysis

    2. 6.2 Value/Supply Chain Analysis

    3. 6.3 Government Regulations and Policies

  7. 7. COMPETITVE LANDSCAPE

    1. 7.1 Distribution Network and Retail Analysis

    2. 7.2 List of Distributors/Traders

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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

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Frequently Asked Questions

The South Africa Maize Market market is studied from 2017 - 2027.

The South Africa Maize Market is growing at a CAGR of 4.5% over the next 5 years.

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