South Africa Maize Market – Industry Analysis, Forecasts and Opportunity Assessment (2016-2023)
Report on South Africa Maize Market – Industry Analysis, Forecasts and Opportunity Assessment (2016-2023)
Introduction to South Africa Maize Market
South Africa is the largest producer of maize in Africa and accounts for around 42% of the maize trade on the continent. This is largely due to the fact that maize is the most important crop produced in South Africa, maize being the staple food of the country. This is a trend seen in many developing countries; while maize is used as a second-cycle produce in the form of meat, eggs and other dairy products, in developing countries like South Africa, it is consumed directly and is used on a daily basis as food. Apart from this, maize is also processed to create bio-fuel i.e. ethanol fuel, and starch. Starch ends up in products like beer, syrup, shoe polish, ice cream, ink, paint, cosmetics etc. There are broadly two varieties of maize that are grown in South Africa: white maize (for human consumption) and yellow maize (used as animal feed). Maize prices and production is highly sensitive to petrol prices and climatic conditions. Other factors like government policies and global import demands also affect the maize market in South Africa. South Africa had been a net exporter of maize for ten years until 2014. Due to worsening climatic conditions and global petrol price hikes, the production of maize has taken a serious hit in the recent years, forcing South Africa to become a net importer of maize to meet its internal demands.
The production and price of maize is determined by several factors. As maize has to be grown and then transported, any change in the climate may increase the price. Also, petrol prices also determine how much the price of maize be, given the heavy machinery used during the production and transportation of the maize. Supply and demand of maize in the South African market is a driver for the maize prices as well, as much of the maize produced in the country is used to feed its inhabitants. The policies of neighboring countries and major importers also determine how much maize will be produced and what the prices will be. The ruling exchange rates also decide what the price of maize will be.
The South African Maize Market is segmented broadly on the basis of the color of the maize and the kind of processes and industry it is used for. Maize is categorized into two categories based on the color: white maize and yellow maize. White maize is used for consumption by people and yellow maize is used as animal feed.
The various processes where maize is used are wet milling and dry milling. Wet milling is used to convert maize to corn starch, corn syrup, high-fructose corn syrup, dextrose and corn-oil. Dry milling is used to convert maize to maize meal, maize grit and maize flour.
Geographically, the maize in South Africa is produced in the North West, Free State, Mpumalanga and KwaZulu-Natal provinces. Majorly, there are four key maize producing area in South Africa which are the Warm Western Region (Free State and North West), Temperate Eastern region (Gauteng and central parts of Free State), the Cold Easter region (Mpumalanga and parts of Free State) and the KwaZulu-Natal region.
The main areas maize is exported to are Taiwan, Zimbabwe, Japan, Botswana, South Korea, Namibia, Mozambique, Lesotho, Swaziland and Italy.
Some of the major players in the South African Maize Market are the Grain SA, Afgri group and Syngenta South Africa.
- South African Maize Market Segments
- South African Maize Market Drivers, Restraints and Opportunities
- South African Maize Market Size and Forecast 2016 to 2023
- Supply and Demand Value Chain
- South African Maize Market Current Trends
- Competition and Major Companies
- Technology and R&D Status
- Porters Five Forces Analysis
- Strategic and Critical Success Factor Analysis of Key Players
Regional analysis of South Africa Maize Market includes
- North West
- Free State
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.
Report Highlights for Maize include:
- Detailed Historical Overview (Market Origins, Product Launch Timelines 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