Ukraine Maize Market – Industry Analysis, Forecasts and Opportunity Assessment (2016-2023)
Report on Ukraine Maize Market – Industry Analysis, Forecasts and Opportunity Assessment (2016-2023)
Introduction Ukraine Maize Market
Maize is the third most grown feed grain in Ukraine. Plantation territory has expanded despite several obstacles: outdated and deficient gathering hardware, staggering expense of production (particularly post-harvest drying costs), and pilferage. Thirty-five hybrids and two varieties of corn are grown in Ukraine. Scientific research on the selection and cultivation of corn is conducted at the Scientific Research Institute for Corn in Dnipropetrovsk. The fundamental production area is eastern and southern Ukraine, although precipitation sums in some oblasts in the outrageous south are too low to help maize production.
Maize is generally planted in late April or early May. Harvest starts in late September and is typically nearing completion by early November. Just 25 to 50 percent of aggregate maize area is harvested for grain; the rest is cut for silage, normally in August. Ukraine sent out 1582.1 KMT of corn in November 2017, or 30% less than in the same time a year ago (2264.3 KMT). Corn trades from Ukraine fell by 40% to 2.2 MMT in the initial three months of the 2017/18 season against 3.69 MMT in September-November 2016/17. The reasons behind the droop consist of both a corn drop decrease in the nation and comparatively less outside interest for this time of season, reports UkrAgroConsult.
Ukrainian maize is generally utilized for Animal feed; around 85% of the total domestic consumption is used for this reason. The rest 15% is utilized in corn food and other industrial aspects. The European Union is as yet the best merchant of Ukrainian corn this season – it represented 38% of aggregate exports at the time. China made dynamic buys in the primary quarter of the season. The nation imported 540 KMT of Ukrainian corn in September-November 2017/18 and in this manner recovered its second position in regional corn trades from Ukraine. Israel and Turkey also increased corn import from Ukraine. Other Major importers of Ukrainian maize are Japan, Egypt, South East Asia, South Korea and China.
According to preliminary forecasts, in 2017/18 corn will remain the key export crop in Ukraine. Therefore, to date participants of the Ukrainian market focused their attention on the harvesting campaign rates and formation of the export potential of corn to cover the growing needs of major importers.
It is noted that the activation of exports became possible due to both the growth of supplies to traditional markets and the development of new ones. With respect to the prospects, in the momentum season Ukraine will significantly increase corn supplies to the key sales areas. As per the estimations, Iran can raise corn imports by 1.5 mln tons, the EU – up 1.2 mln tons, South Korea – up 0.9 mln tons, and so on. Additionally, nations as Saudi Arabia, Egypt, and Mexico will expand their imports by 1 mln ton. According to the IGC, in 2018 Ukrainian acreage should increase by 3.8%, which reflects the attractiveness of maize crops in these Black Sea countries. Egypt — a key importer of Ukrainian maize, increased the volume of purchases in October-July 2016/17 MY by 56% compared to the level in the previous season. Supplies to the Netherlands increased by 87%.
As far as forecasts for 2018/2019 go, Rabobank (a Dutch multinational banking and financial services company) projects a price increase for corn given the tendency for diminishing corn world stock the second season in a row.
Ukraine’s steady move to river logistics from railroad should make trans shipments more proficient, making it less expensive to load vessels at port. Besides, enhancing ties with Europe and China ought to encourage more trade. Be that as it may, vulnerability over duration of tariffs, in addition China and the EU conceivably consuming stocks for the time being, Ukraine may not move extra volumes and could, because of expanded US competition somewhere else, really move less.
Some of the major players in the market include: Kernel, Louis Dreyfus Commodities Ukraine, ADM, NIBULON, KREMSHTAILER LLC, Ramex, NB – Ukraine
The report contains comprehensive analysis on:
- Ukraine Maize Market Segments
- Ukraine Maize Market Drivers, Restraints and Opportunities
- Ukraine Maize Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Ukraine 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