Maize Market Overview in Antigua and Barbuda
In value terms, maize production rose markedly to $ in estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 with an increase of % against the previous year. Maize production peaked at $ in 2013; however, from 2014 to , production failed to regain the momentum.
In , the average maize yield in Antigua and Barbuda reduced modestly to tonnes per ha, flattening at the previous year. Over the period under review, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of % against the previous year. The maize yield peaked at tonnes per ha in 2007; afterwards, it flattened through to . Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , approx. ha of maize were harvested in Antigua and Barbuda; with an increase of % against the previous year. The harvested area increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2011 when the harvested area increased by % y-o-y. Over the period under review, the harvested area dedicated to maize production reached the peak figure in and is expected to retain growth in the immediate term.
The size of the maize market in Antigua and Barbuda expanded notably to $ in , surging 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 posted a significant increase. The pace of growth appeared the most rapid in 2008 when the market value increased by % y-o-y. Maize consumption peaked in and is expected to retain growth in the immediate term.