The global corn export market was dominated by a handful of countries, with the United States in the lead. In the 2024/25 marketing year, the U.S. was expected to export about **** million metric tons of corn, accounting for about ********* of total corn exports worldwide. Other major producers include Brazil, Argentina, and Ukraine Global supply and demand Beyond its role as a global food source, corn serves as a versatile raw material for diverse industries. Its applications range from animal feed and ethanol production to the manufacturing of sweeteners, starches, cereals, beverages, and seeds. Worldwide corn production in 2022/23 reached over **** billion metric tons and was forecasted to slightly increase in 2023/24. This massive production is met with equally substantial demand, as global corn consumption is forecasted to reach nearly ** billion bushels in 2023/24.

U.S. dominance The United States produced nearly a third of the world's corn in 2023/24. The Corn Belt, a region in the U.S. Midwest, is the primary source of this production. Corn has been the dominant crop in this area since the 1850. The United States is expected to be the world's largest corn producer in 2023/2024, producing just under *** million metric tons. While China and Brazil are the second and third-largest producers, respectively

In 2023, the United States exported about 13.7 billion U.S. dollars worth of corn worldwide, accounting for close to a third of total corn exports worldwide. That year, Brazil was the second leading exporter with corn exports amounting to 13.6 billion U.S. dollars.

This statistic shows the share of corn exports worldwide in 2023, by country. In that year, the U.S. was accounted for over 25 percent of global corn exports.

In 2020, global preserved sweet corn exports rose by +4.1% y-o-y to $1B. Thailand, Hungary and France head the list of the largest exporters worldwide. The average export price for preserved sweet corn remained relatively unchanged in 2020. Germany, the UK, Japan were the prime destinations for imported preserved sweet corn last year.

This statistic shows worldwide exports of corn from the United States between 2001 and 2023. In 2001, exports of corn from the United States came to over 1.9 billion bushels. Six years later, in 2007, about 2.4 billion bushels of corn have been exported from the United States. The United States was the largest producer of corn worldwide in 2023/24.

In 2023, Brazil was the largest supplier of corn to the Middle East and North Africa (MENA) with exports valued at 3.57 billion Canadian dollars. Argentina had the second highest level of corn exports to the MENA region, valued at 2.28 billion CAD.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

In March 2023, the growth rate was at its highest as wet corn exports surged by 41% compared to the previous month. However, by October 2023, the value of wet corn exports significantly declined to $192M.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

163 Active Global White corn suppliers, manufacturers list and Global White corn exporters directory compiled from actual Global export shipments of White corn.

The growth of Frozen Sweet Corn exports was at its highest rate in January 2023, experiencing a remarkable increase of 199% compared to the previous month. In terms of value, the exports of Frozen Sweet Corn reached $1.6M in September 2023.

The United States is the world's largest producer of maize, also known as corn. It dominates the global maize market, producing approximately one-third of the world's total maize supply. Maize is a staple crop in the United States, with its production spread across various states, mainly in the Midwest region. Learn more about the ideal climate, historical cultivation, modern production techniques, export markets, and the importance of maize to global food security.

This statistic shows major countries of destination for U.S. exports of corn in 2020. In that year, corn exports from the United States to Mexico came to approximately 14.57 million metric tons.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Most Promising Supplying Countries 2007-2018: Top Countries To Source Your Product, Top Exporting Countries, Low-cost Exporting Countries

Value represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars.

Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

Russia Exports: Food & Agriculture: Grain Crops: ow Corn data was reported at 845.000 USD mn in 2017. This records a decrease from the previous number of 861.000 USD mn for 2016. Russia Exports: Food & Agriculture: Grain Crops: ow Corn data is updated yearly, averaging 9.500 USD mn from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 861.000 USD mn in 2016 and a record low of 0.200 USD mn in 1996. Russia Exports: Food & Agriculture: Grain Crops: ow Corn data remains active status in CEIC and is reported by Federal Customs Service. The data is categorized under Russia Premium Database’s Foreign Trade – Table RU.JAA008: Exports: by Main Products: USD Value.

In 2023, approximately 42 percent of corn imports to the Middle East and North Africa (MENA) came from Brazil. Argentina had the second largest share of corn exports to the region at 26.7 percent. Although Ukraine lost a significant share of the market due to the ongoing conflict with Russia, it remained the third largest exporter of corn to the region.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Corn Deep Processing Market Outlook

The global corn deep processing market size was valued at approximately USD 65 billion in 2023 and is projected to reach USD 105 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.5%. This robust growth is driven by the increasing demand for corn-derived products across various industries, including food and beverages, animal feed, and biofuels. Key factors propelling this market include technological advancements in processing techniques, heightened awareness of sustainable agricultural practices, and the rising inclination towards bio-based products as substitutes for petroleum-based materials.

One of the significant growth factors for the corn deep processing market is the escalating demand for biofuels, primarily ethanol. As governments globally push for cleaner energy alternatives to combat environmental concerns and reduce dependency on fossil fuels, ethanol's role as a renewable energy source becomes paramount. Corn, being a primary feedstock for ethanol production, significantly contributes to this demand. Furthermore, advancements in processing technologies have improved the efficiency of ethanol production, making it more viable economically. This, coupled with favorable government policies and subsidies, is expected to bolster the market's expansion in the upcoming years.

The food and beverage industry is another substantial contributor to the growth of the corn deep processing market. Corn derivatives such as starch and sweeteners are increasingly being utilized in a wide array of food products due to their versatility and cost-effectiveness. With the rising global population and changing dietary habits, the demand for processed and convenience foods is on the rise, subsequently driving the need for corn-derived ingredients. Additionally, the growing trend of clean-label products and the shift towards natural ingredients catalyze the development and utilization of corn-based additives, further supporting market growth.

Another factor fueling the market is the burgeoning animal feed industry. Corn is a staple ingredient in animal feed, owing to its high carbohydrate content that provides necessary energy for livestock. The increasing consumption of meat and dairy products worldwide drives the demand for quality animal feed, subsequently influencing the growth of corn processing for this application. Moreover, with the focus on improving livestock productivity and health, the development of value-added corn feed products through deep processing is gaining momentum, presenting lucrative opportunities for market participants.

Regionally, the Asia Pacific market is anticipated to witness significant growth due to the expanding agricultural activities and industrial applications of corn-derived products. Countries like China and India are at the forefront of this expansion, with increasing investments in biofuel initiatives and a rising population driving food and feed demand. North America remains a key player, primarily driven by the United States, which is a leading producer of corn and a major exporter of corn-based products. The region's established processing infrastructure and continuous innovations in biotechnology contribute to its dominant market presence. Meanwhile, Europe shows steady growth with a focus on sustainability and renewable energy sources, aligning with its stringent environmental policies.

Product Type Analysis

The corn deep processing market is segmented into several product types, including starch, sweeteners, ethanol, corn oil, and others. Starch takes a significant share in the market due to its wide range of applications in food, beverages, and industrial purposes. The demand for corn starch is driven by its use as a thickening agent, stabilizer, and emulsifier in food products. Additionally, the paper and textile industries utilize starch in their production processes, further broadening its application scope. The ongoing innovation in modified starches for specific industrial applications also contributes to segment growth.

Sweeteners, derived from corn, are an essential product type within the market, with high-fructose corn syrup (HFCS) being a prominent example. The increasing consumption of sugary beverages and processed foods globally has propelled the demand for HFCS and other corn-based sweeteners. These sweeteners are favored for their cost-effectiveness compared to cane sugar and their functional properties in food processing. However, the growing health consciousness among consumers and the preference for natural sweeteners pose challenges to this