Ethiopia Maize Market – Industry Analysis, Forecasts and Opportunity Assessment (2016-2023)
Report on Ethiopia Maize Market – Industry Analysis, Forecasts and Opportunity Assessment (2016-2023)
Introduction to Ethiopia Maize Market
Maize, also known as corn in many countries, is the third most important crop in the world. In Ethiopia, maize is the most important cereal commodity. It’s high caloric intake and low cost (roughly half of that of wheat) makes it an important crop for food security. Increase in yields in the recent years have led to rapid increase of production of Maize in the country. Maize is used for both direct consumption and as fodder for cattle.
Maize is predominantly used for firm household consumption in Ethiopia (almost 3/4th of the production) and only about 10 percent reaches the market. This low level of commercialization shows the huge potential of gains from enhancing the maize value chain.
The upward trends in income growth in Ethiopia suggests that there will be rising demand for processed maize as well as for fodder. The use of maize for household food security will continue, thereby increasing overall demand for maize.
High cost of transportation makes maize a non-tradable commodity on Ethiopia. All maize produced is domestically consumed. Thus the entire profitability depends on the local demand presently. Improvements in infrastructure and supply chain might open up avenues in terms of exports.
Maize market in Ethiopia faces very high price volatility as compared to its neighboring countries, which indicates a lack of market integration across space. However, maize prices in Ethiopia are lower compared to its neighbors. All this indicates room for improvement of the Maize Industry and corresponding rise in profitability.
Segmentation of Maize market is difficult, considering the fact that Maize is highly commoditized and very few parts of the produce actually goes into the market. However, will can segment the market on basis of the use for the crop (livestock fodder, direct consumption, processed products). Apart from that, maize market can be segmented on the basis of color (yellow/white), type (flint/ sweet maize/ field maize) and nature (organic maize/ conventional maize).
Currently, maize is a non-tradable commodity in Ethiopia. This is mostly due to the high transportation costs from the production regions in Ethiopia to the main port in Djibouti. Development of infrastructure facilities and better supply chain management might reduce transportation costs substantially, which might in turn give impetus to exports. Also, use of processed food with respect to maize is still very low in Ethiopia. Rise in demand for these products in future will open up opportunities for the Maize Industry.
The farms producing maize are plentiful and there is no strong player in this segment. However, there are a number of players in the seed market. Some of the major players in the market are Hadiya Enterprise PLC, Belayneh Kindie PLC, etc.
The report contains comprehensive analysis on:
- Ethiopia Maize Market Segments
- Ethiopia Maize Market Drivers, Restraints and Opportunities
- Ethiopia Maize Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Ethiopia Maize Market Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- In-depth Market Segmentation
- Historical and Projected Market Sizing in terms of volume and value
- Recent market trends and Impact Factors
- R&D Status and Technology Overview
- Extensive Industry Structure Coverage