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U.S. Wet Corn Market. Analysis And Forecast to 2025

  • ID: 4846971
  • Report
  • January 2020
  • Region: United States
  • IndexBox Inc.
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The revenue of the wet corn market in the U.S. amounted to $8.7B in 2018, dropping by -8.3% 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, wet corn consumption continues to indicate a drastic deduction. The pace of growth appeared the most rapid in 2016 with a decrease of -1.8% against the previous year. Wet corn consumption peaked at $15.3B in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Wet Corn Production in the U.S.

In value terms, wet corn production stood at $9.6B in 2018. In general, wet corn production continues to indicate an abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when production volume decreased by -1.1% year-to-year. Wet corn production peaked at $16.7B in 2013; however, from 2014 to 2018, production remained at a lower figure.

Exports from the U.S.

In 2018, the amount of wet corn exported from the U.S. stood at 2.1M tonnes, falling by -15.1% against the previous year. Over the period under review, wet corn exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2016 when exports increased by 5.2% year-to-year. Over the period under review, wet corn exports reached their peak figure at 2.6M tonnes in 2014; however, from 2015 to 2018, exports remained at a lower figure.

In value terms, wet corn exports stood at $922M in 2018. In general, wet corn exports continue to indicate a deep shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 1.8% y-o-y. Over the period under review, wet corn exports attained their peak figure at $1.6B in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

Ireland (493K tonnes), Israel (265K tonnes) and Colombia (147K tonnes) were the main destinations of wet corn exports from the U.S., with a combined 43% share of total exports. Chile, Egypt, the UK, Indonesia, Turkey, Morocco, New Zealand, Portugal and China lagged somewhat behind, together comprising a further 39%.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by New Zealand (+86.2% per year), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($96M), Ireland ($92M) and Colombia ($78M) were the largest markets for wet corn exported from the U.S. worldwide, together accounting for 29% of total exports. Egypt, Indonesia, China, Israel, the UK, New Zealand, Turkey, Morocco and Portugal lagged somewhat behind, together comprising a further 34%.

New Zealand recorded the highest growth rate of exports, among the main countries of destination over the last five-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wet corn export price stood at $435 per tonne in 2018, going down by -11.2% against the previous year. In general, the wet corn export price continues to indicate a deep descent. The pace of growth was the most pronounced in 2015 when the average export price increased by 1.7% y-o-y. Over the period under review, the average export prices for wet corn attained their peak figure at $629 per tonne in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China ($1,055 per tonne), while the average price for exports to Portugal ($153 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced a decline.

Imports into the U.S.

In 2018, approx. 467K tonnes of wet corn were imported into the U.S.; increasing by 5.5% against the previous year. Overall, the total imports indicated a strong expansion from 2013 to 2018: its volume increased at an average annual rate of +9.5% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, wet corn imports increased by +57.5% against 2013 indices. The growth pace was the most rapid in 2015 with an increase of 16% year-to-year. Imports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, wet corn imports totaled $506M in 2018. The total import value increased at an average annual rate of +7.7% over the period from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 12% y-o-y. In that year, wet corn imports reached their peak and are likely to continue its growth in the immediate term.

Imports by Country

Thailand (128K tonnes), Germany (70K tonnes) and the Netherlands (41K tonnes) were the main suppliers of wet corn imports to the U.S., with a combined 51% share of total imports. These countries were followed by Pakistan, Denmark, France, China, Belgium, Taiwan, Chinese, Poland, Viet Nam and Brazil, which together accounted for a further 34%.

From 2013 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Viet Nam, while the other leaders experienced more modest paces of growth.

In value terms, the largest wet corn suppliers to the U.S. were Germany ($84M), Thailand ($82M) and the Netherlands ($46M), together comprising 42% of total imports. France, Belgium, Pakistan, China, Denmark, Taiwan, Chinese, Viet Nam, Brazil and Poland lagged somewhat behind, together comprising a further 40%.

Viet Nam recorded the highest growth rate of imports, among the main suppliers over the last five-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average wet corn import price amounted to $1,083 per tonne, rising by 6.6% against the previous year. In general, the wet corn import price, however, continues to indicate a mild downturn. The growth pace was the most rapid in 2018 when the average import price increased by 6.6% year-to-year. Over the period under review, the average import prices for wet corn reached their maximum at $1,194 per tonne in 2014; however, from 2015 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Belgium ($2,141 per tonne), while the price for Thailand ($641 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Taiwan, Chinese, while the prices for the other major suppliers experienced more modest paces of growth.

The report provides an in-depth study of the U.S. wet corn market. It reveals the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains existing data on the biggest players in the industry.

Countries coverage:

  • The U.S.

Data coverage:

  • Wet corn market size;
  • Wet corn production, value of shipments;
  • Key market players and their profiles;
  • Exports, imports and trade balance;
  • Import and export prices;
  • Forecast of the market dynamics in the medium term;
  • Key industry statistics;
  • Life cycle of the wet corn industry;
  • Number of establishments and their locations;
  • Employment data;
  • Wet corn industry productivity.

Reasons to buy this report:

  • Take advantage of the latest data;
  • Find deeper insights into current market developments;
  • Discover vital success factors affecting the market.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues

  • How to diversify your business and benefit from new market opportunities
  • How to load your idle production capacity
  • How to boost your sales on overseas markets
  • How to increase your profit margins
  • How to make your supply chain more sustainable
  • How to reduce your production and supply chain costs
  • How to outsource production to other countries
  • How to prepare your business for global expansion
Note: Product cover images may vary from those shown
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1. Introduction
Making Data-Driven Decisions to Grow Your Business
1.1 Report Description
1.2 Research Methodology and Ai Platform
1.3 Data-Driven Decisions for Your Business
1.4 Glossary and Specific Terms

2. Executive Summary
A Quick Overview of Market Performance
2.1 Key Findings
2.2 Market Trends

3. Market Overview
Understanding the Current State of the Market and its Prospects
3.1 Market Size
3.2 Market Structure
3.3 Trade Balance
3.4 Per Capita Consumption
3.5 Market Forecast to 2025

4. Most Promising Products
Finding New Products to Diversify Your Business
4.1 Top Products to Diversify Your Business
4.2 Best-Selling Products
4.3 Most Consumed Product
4.4 Most Traded Product
4.5 Most Profitable Product for Export

5. Most Promising Supplying Countries
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1 Top Countries to Source Your Product
5.2 Top Producing Countries
5.3 Top Exporting Countries
5.4 Low-Cost Exporting Countries

6. Most Promising Overseas Markets
Choosing the Best Countries to Boost Your Exports
6.1 Top Overseas Markets for Exporting Your Product
6.2 Top Consuming Markets
6.3 Unsaturated Markets
6.4 Top Importing Markets
6.5 Most Profitable Markets

7. Production
The Latest Trends and Insights into the Industry
7.1 Production Volume and Value

8. Imports
The Largest Import Supplying Countries
8.1 Imports from 2013–2018
8.2 Imports by Country
8.3 Import Prices by Country

9. Exports
The Largest Destinations for Exports
9.1 Exports from 2013–2018
9.2 Exports by Country
9.3 Export Prices by Country

10. Profiles of Major Producers
The Largest Producers on the Market and Their Profiles

List of Tables
Table 1: Key Findings in 2018
Table 2: Market Volume, in Physical Terms, 2013–2018
Table 3: Market Value, 2013–2018
Table 4: Per Capita Consumption in 2013-2018
Table 5: Imports, in Physical Terms, by Country, 2013–2018
Table 6: Imports, in Value Terms, by Country, 2013–2018
Table 7: Import Prices, by Country of Origin, 2013–2018
Table 8: Exports, in Physical Terms, by Country, 2013–2018
Table 9: Exports, in Value Terms, by Country, 2013–2018
Table 10: Export Prices, by Country of Destination, 2013–2018

List of Figures
Figure 1: Market Volume, in Physical Terms, 2013–2018
Figure 2: Market Value, 2013–2018
Figure 3: Market Structure – Domestic Supply Vs. Imports, in Physical Terms, 2013-2018
Figure 4: Market Structure – Domestic Supply Vs. Imports, in Value Terms, 2013-2018
Figure 5: Trade Balance, in Physical Terms, 2013-2018
Figure 6: Trade Balance, in Value Terms, 2013-2018
Figure 7: Per Capita Consumption, 2013-2018
Figure 8: Market Forecast to 2025
Figure 9: Products: Market Size and Growth, by Type
Figure 10: Products: Average Per Capita Consumption, by Type
Figure 11: Products: Exports and Growth, by Type
Figure 12: Products: Export Prices and Growth, by Type
Figure 13: Production Volume and Growth
Figure 14: Exports and Growth
Figure 15: Export Prices and Growth
Figure 16: Market Size and Growth
Figure 17: Per Capita Consumption
Figure 18: Imports and Growth
Figure 19: Import Prices
Figure 20: Production, in Physical Terms, 2013–2018
Figure 21: Production, in Value Terms, 2013–2018
Figure 22: Imports, in Physical Terms, 2013–2018
Figure 23: Imports, in Value Terms, 2013–2018
Figure 24: Imports, in Physical Terms, by Country, 2018
Figure 25: Imports, in Physical Terms, by Country, 2013–2018
Figure 26: Imports, in Value Terms, by Country, 2013–2018
Figure 27: Import Prices, by Country of Origin, 2013–2018
Figure 28: Exports, in Physical Terms, 2013–2018
Figure 29: Exports, in Value Terms, 2013–2018
Figure 30: Exports, in Physical Terms, by Country, 2018
Figure 31: Exports, in Physical Terms, by Country, 2013–2018
Figure 32: Exports, in Value Terms, by Country, 2013–2018
Figure 33: Export Prices, by Country of Destination, 2013–2018

Note: Product cover images may vary from those shown
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