Maize Market in Canada
Market Overview
The Canadian maize market expanded rapidly to $
in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market failed to regain momentum.
In value terms, maize production rose slightly to $ in estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 with an increase of %. Maize production peaked at $ in 2012; however, from 2013 to , production failed to regain momentum.
In, the average yield of maize in Canada reduced to tons per ha, shrinking by -% compared with the year before. Overall, the yield, however, recorded a slight increase. The most prominent rate of growth was recorded in 2010 with an increase of %. The maize yield peaked at tons per ha in 2015; however, from 2016 to , the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In, the total area harvested in terms of maize production in Canada reached ha, flattening at figures. In general, the harvested area recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when the harvested area increased by %. The maize harvested area peaked at ha in 2013; however, from 2014 to , the harvested area remained at a lower figure.
in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market failed to regain momentum.In value terms, maize production rose slightly to $
in estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 with an increase of %. Maize production peaked at $ in 2012; however, from 2013 to , production failed to regain momentum.In
, the average yield of maize in Canada reduced to tons per ha, shrinking by -% compared with the year before. Overall, the yield, however, recorded a slight increase. The most prominent rate of growth was recorded in 2010 with an increase of %. The maize yield peaked at tons per ha in 2015; however, from 2016 to , the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.In
, the total area harvested in terms of maize production in Canada reached ha, flattening at figures. In general, the harvested area recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when the harvested area increased by %. The maize harvested area peaked at ha in 2013; however, from 2014 to , the harvested area remained at a lower figure.Consumption
In , the amount of maize consumed in Canada reached tons, increasing by % on the previous year's figure. The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Maize consumption peaked in and is expected to retain growth in the immediate term.
The revenue of the maize market in Canada was estimated at $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market remained at a lower figure.
, the amount of maize consumed in Canada reached tons, increasing by % on the previous year's figure. The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Maize consumption peaked in and is expected to retain growth in the immediate term.The revenue of the maize market in Canada was estimated at $
in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market remained at a lower figure.Market Forecast
Driven by increasing demand for maize in Canada, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Canada increased significantly over the last fifteen-year period (from % to %). Total import supply of maize is expected to rise, though it will be moderately impacted by price increases.
% to %). Total import supply of maize is expected to rise, though it will be moderately impacted by price increases.Trade Balance
Canada remains a net importer of maize; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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