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INDUSTRIES

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MARKETSCornindustryworldwideCHAPTER

01GlobaloverviewWorldwideproductionofgrainin2021/22,bytype(inmillionmetrictons)Grainproductionworldwide2021/22,bytypeProductioninmillionmetrictons02004006008001,0001,2001,2071,400CornWheat778.6Rice(milled)Barley509.87157.05SorghumOats65.122.68Rye12.563Description:Thisstatisticshowstheworldwideproductionofgrainin2021/22,sortedbytype.Inthatyear,worldwidewheatproductioncametoabout778.6millionmetrictons.Themostimportantgrainwascorn,basedonaproductionamountofover1.2billionmetrictons.

ReadmoreNote(s):Worldwide;2021/2022Source(s):FAO;USDepartmentofAgricultureGlobalcornproductionfrom2014/2015to2021/2022(inmillionmetrictons)*Cornproductionworldwide2014/15-2021/221,4001,206.961,2001,00080060040020001,127.661,127.661,122.831,119.711,081.661,022.661,014.22014/152015/162016/172017/182018/192019/202020/212021/224Description:In2021/22marketingyear,theamountofcornproducedworldwideamountedtoover1.2billionmetrictons.Inthatyear,theUnitedStateswasthelargestproducerofcorn.ThiswascloselyfollowedbyChinaandBrazil.Read

moreNote(s):Worldwide;2014/2015to2021/2022;*Localmarketingyears.Figureshavebeenrounded.ReadmoreSource(s):USDepartmentofAgriculture;USDAForeignAgriculturalServiceTradevolumeofcornworldwidefrom2016/17to2021/22(inmillionmetrictons)*Tradeofcornworldwide2016/17-2021/22200181.4180.14175.5518016014012010080171.9152.8142.2660402002016/172017/182018/192019/202020/212021/225Description:Intradeyear2021/22,globaltradeshipmentsofcornamountedtoover181millionmetrictons.Accordingtothereport,theUnitedStatesexportedover73millionmetrictonsofcornthatyear,accountingformorethanathirdoftotalcornexportsworldwide.ReadmoreNote(s):Worldwide;Tradeyear2016/17to2021/22;*Tradeyear.ReadmoreSource(s):USDepartmentofAgriculture;USDAForeignAgriculturalServiceAverageclosingpriceofcornworldwidefrom2010to2022(inU.S.dollarsperbushel)Globalcornpricesfrom2010to20228.07.57.06.56.05.55.04.54.03.53.020102011201220132014201520162017201820192020202120226Description:In2022,theaveragepriceofonebushelofcornwasaround7.43U.S.dollars.Thatyear,theUnitedStateswasthelargestproducerofcornintheworld.ReadmoreNote(s):Worldwide;2010to2022;*asofJune,eachyear.ReadmoreSource(s):MacrotrendsCHAPTER

02HarvestedareaAreaofcornharvestedin2020,byleadingcountry(in1,000hectares)Globalcornacreagebyleadingcountry2020Areaharvestedinthousandhectares05,00010,00015,00020,00025,00030,00035,00033,37340,00045,000ChinaUnitedStatesBrazil41,29218,254India9,865ArgentinaNigeria7,7317,5347,156MexicoUkraine5,392TanzaniaIndonesia4,2003,9558Description:Chinaharvestedapproximately41.3millionhectaresofcornareain2020.Thatyear,theU.S.cornareaharvestedwasabout33millionhectares.ReadmoreNote(s):Worldwide;2020;DataaccessedonJuly27,2022Source(s):FAOMaizeacreageinChinabetween2011and2021(inmillionhectares)CornacreageinChina2011-20215044.9744.1843.32454035302520151054342.442.1341.341.2841.2639.1136.770201120122013201420152016201720182019202020219Description:ThestatisticshowstheextentofcornacreageinChinabetween2011and2021.In2021,theextentofcornacreageinChinaamountedtoaround43.3millionhectares.Read

moreNote(s):China;2011to2021Source(s):NationalBureauofStatisticsofChinaCornharvestedareainselectedcountriesinLatinAmericaandtheCaribbeanin2021(in1,000hectares)LatinAmerica:cornharvestedarea2021,bycountryAreainthousandhectares10,00005,00015,00020,00025,000BrazilMexico20,8007,2006,800ArgentinaGuatemalaParaguayBolivia900850475Peru475395350340335294290HaitiColombiaHondurasEcuadorElSalvadorNicaragua10Description:BrazilisbyfartheleadingcountryinLatinAmericaintermsofcornharvestedarea.In2021,theareaharvestedwiththisgraininthePortuguese-speakingcountrywasestimatedat10.8millionhectares.Mexicotrailedinsecond,withanareaof7.2millionhectares.ReadmoreNote(s):LAC;2020Source(s):IndexMundi;USDepartmentofAgricultureAreaofcornforgrainharvestedintheU.S.from2001to2021(in1,000acres)AreaofcornforgrainharvestedintheU.S.2001-2021100,00090,00080,00070,00060,00050,00040,00030,00020,00010,00002001

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202111Description:ThisstatisticshowsthesizeoftheareasofcornharvestedforgrainintheUnitedStatesfrom2001to2021.Accordingtothereport,around85.4millionacresoflandwereharvestedforthispurposein2021,anincreaseofaboutthreemillionacresfrom2020.

ReadmoreNote(s):UnitedStates;2001to2021Source(s):NationalAgriculturalStatisticsService;USDepartmentofAgricultureCHAPTER

03LeadingproducersGlobalcornproductionin2021/2022,bycountry(in1,000metrictons)Cornproductionworldwide2021/2022bycountryProductioninthousandmetrictons050,000100,000150,000200,000250,000300,000350,000400,000450,000UnitedStatesChina383,943272,552Brazil115,000EuropeanUnionArgentinaUkraine69,96054,00042,00030,00027,60017,000IndiaMexicoSouthAfricaRussia15,00013,98412,00011,600CanadaIndonesiaNigeria13Description:Thisstatisticshowsthecornproductionworldwidein2021/2022,bycountry.Inthatyear,theUnitedStateswasthelargestproducerofcornwithaproductionvolumeamountingtoabout383.94millionmetrictons.ChinaandBrazilroundedoffthetopcornproducingcountries.

ReadmoreNote(s):Worldwide;2021/2022;*Localmarketingyears.Allotherdataarereportedusinglocalmarketingyears.ReadmoreSource(s):USDepartmentofAgriculture;USDAForeignAgriculturalServiceDistributionofglobalcornproductionin2021/2022,bycountry*Cornproductionshareworldwidebycountry2021/2022UnitedStates31.52%SouthAfrica1.34%Other16.67%Mexico2.26%India2.71%Ukraine3.46%Argentina4.35%China22.38%EuropeanUnion5.79%Brazil9.52%14Description:Thisstatisticshowsthedistributionofthetotalcornproductionworldwidein2021/2022,brokendownbycountry.Accordingtothereport,theUnitedStateswasresponsibleforoverathirdoftheworld'scornproductionthatyear.MostoftheU.S.productionisattributabletotheCornBelt,whichislocatedintheMidwestoftheUnitedStates.Sincethe1850s,cornhasbeenthepredominantcropinthisarea.ReadmoreNote(s):Worldwide;2021/2022;*Figuresarecalculatedinternallybasedonfiguresprovidedbythesource.

Totaldoesnotaddupto100percentduetorounding.ReadmoreSource(s):USDepartmentofAgriculture;USDAForeignAgriculturalServiceProductionofcornintheUnitedStatesfrom2014/15to2021/22(inmillionmetrictons)CornproductionintheU.S.2014/15-2021/22450384.8383.9440035030025020015010050371.1364.3361.1358.45345.534602014/152015/162016/172017/182018/192019/202020/212021/2215Description:ThisstatisticshowstheproductionofcornintheUnitedStatesfrom2014/2015to2021/2022.Accordingtothereport,around383.94milliontonsofcornwereproducedintheU.S.,anincreasefromtheprevioustradeyearR.

eadmoreNote(s):UnitedStates;2014/15to2021/22Source(s):NationalAgriculturalStatisticsService;USDepartmentofAgricultureMaizeproductioninChinabetween2011and2021(inmillionmetrictons)CornproductioninChina2011-2021300272.55260.78260.67259.07257.1725020015010050224.63218.5219.55215.65205.6192.802011201220132014201520162017201820192020202116Description:ThestatisticshowstheextentofcornproductioninChinabetween2011and2021.In2021,around272.55millionmetrictonsofcornwereproducedinChinaR.

eadmoreNote(s):China;2011to2021Source(s):NationalBureauofStatisticsofChinaCornproductioninChina2020,byregion(in1,000metrictons)Cornproduction2020,byregionProductioninthousandmetrictons05,00010,00015,00020,00025,00030,00035,00040,000HeilongjiangJilin36,46629,734InnerMongoliaShandongHenan27,42725,95423,424Hebei20,518LiaoningSichuanShanxi17,93910,6509,7999,3809,284YunnanXinjiangAnhui6,6326,202Shaanxi17Description:Thestatisticshowstheextentofcornproductionbyprovincein2020,byregion.In2020,theextentofcornproductioninHebeiprovinceamountedtoaround20.52milliontonsofcornR.

eadmoreNote(s):China;2020Source(s):NationalBureauofStatisticsofChinaProductionofcorninBrazilfromcropyear2010/11to2021/22(inmillionmetrictons)Brazil:cornproductionvolume2010-2022140115.22120100806040200102.59100.0597.8287.184.6781.5180.7980.0572.9866.5357.412010/112011/122012/132013/142014/152015/162016/172017/182018/192019/202020/212021/22*18Description:Inthe2021/22cropyear,productionofcorninBrazilwasforecasttoreacharound115millionmetrictons,up32percentfrommorethan87milliontonsinthepreviousyearandthehighestvaluerecordedinthedecade.Asimilargrowthtrendwasexpectedfortheyieldofcorncropsinthecountry,witha22percentincreaseforecastforthesameperiod.ReadmoreNote(s):Brazil;2010to2020;*FigureforecastedinJune2022.Numbershavebeenrounded.Figurespriortocropyear2020/21comefrompreviousreporting.ReadmoreSource(s):CONABForecastvolumeofcornproducedintheEuropeanUnion(EU27)from2016to2031*(in1,000tons)EuropeanUnion-27:cornproductionvolumeforecast2016-203180,00070,114.0569,017.568,756.2868,206.7567,487.5767,514.8567,742.9967,912.8868,056.4168,146.1368,206.1168,218.5668,269.7770,00060,00050,00040,00030,00020,00010,000065,285.5664,775.3459,951.14201620172018201920202021202220232024202520262027202820292030203119Description:Focusingontheforecastperiod:Withtheexceptionof2023,theproductionvolumeofmaizeintheEuropeanUnionwasforecasttoincreaseby63thousandmetrictons(+0.09%)intheupcomingyears.Therefore,theproductionvolumeisestimatedtoamountto68.3millionmetrictonsin2031.ReadmoreNote(s):Europe;2016to2031Source(s):OECDCHAPTER

04InternationaltradeExportvalueofcornworldwidein2021,byleadingcountry(inbillionU.S.dollars)Leadingexportersofcornworldwide2021ExportsinbillionU.S.dollars10

12024681416182022UnitedStatesArgentinaUkraineBrazil19.19.15.94.2France1.91.9RomaniaHungaryIndia10.940.810.7SouthAfricaRussia21Description:In2021,theUnitedStatesexportedabout19.1billionU.S.dollarsworthofcornworldwide,accountingfornearlyathirdoftotalcornexportsworldwide.Thatyear,Argentinawasthesecondleadingexporterwithcornexportsamountingto9.1billionU.S.dollars.ReadmoreNote(s):Worldwide;2021Source(s):InternationalTradeCentre;WTExShareofglobalcornexportsin2021,bycountry*Distributionofcornexportsworldwide2020,bycountryOthers11.3%Russia1.4%SouthAfrica1.6%India1.8%Hungary2%UnitedStates37.2%Romania3.8%France3.8%Brazil8.1%Argentina18.0%Ukraine11.4%22Description:Thisstatisticshowstheshareofcornexportsworldwidein2021bycountry.Inthatyear,theU.S.wasaccountedforover37percentofglobalcornexports.ReadmoreNote(s):Worldwide;2021Source(s):InternationalTradeCentre;WTExExportvolumeofcornworldwidein2021/2022,bycountry(in1,000metrictons)*Exportsofcornworldwide2021/22,bycountryExportsinthousandmetrictons30,000

40,000010,00020,00050,00060,00070,000UnitedStatesArgentinaUkraine61,50041,50033,50031,000BrazilEuropeanUnionRussia4,9004,500SouthAfricaIndia3,2002,500ParaguaySerbia2,2002,0001,800BurmaOthers5,42423Description:Thisstatisticrankstheleadingglobalcornexportersin2021/22,brokendownbycountry.Accordingtothereport,theUnitedStatesexportedover61.5millionmetrictonsofcornthatyear,accountingforalmostathirdoftotalcornexportsworldwide.ReadmoreNote(s):Worldwide;Tradeyear2021/22;*October/Septembertradeyear.

ReadmoreSource(s):USDepartmentofAgriculture;USDAForeignAgriculturalServiceImportvalueofcornworldwidein2021,byleadingcountry(inbillionU.S.dollars)Leadingimportersofcornworldwide2021ImportsinbillionU.S.dollars0123456789ChinaMexico8.025.12Japan4.74Egypt2.41Spain2.2ColumbiaNetherlandsItaly1.781.531.41.24MalaysiaGermany0.9724Description:In2021,4.74billionU.S.dollarsofcornwasimportedbyJapan.Inthepreviousyear,theUnitedStatesexportedabout13billionU.S.dollarsworthofcornworldwide,accountingformorethanathirdoftotalcornexportsworldwide.Read

moreNote(s):Worldwide;2021Source(s):UNComtradeImportvolumeofcornworldwidein2021/2022,byleadingcountry(in1,000metrictons)*Importsofcornworldwide2021/22,byleadingcountryImportsinthousandmetrictons10,000

15,00005,00020,00025,00030,000ChinaMexico26,00017,300Japan15,60015,000EuropeanUnionSouthKoreaVietnam11,70011,500Egypt10,300Iran7,700Colombia6,10025Description:Inthetradeyear2021/22,theEuropeanUnionimportedabout15millionmetrictonsofcorn.TheUnitedStatesexportedover73millionmetrictonsofcornthatyear,accountingformorethanathirdoftotalcornexportsworldwideR.

eadmoreNote(s):Worldwide;2021/2022;*Tradeyear.

ReadmoreSource(s):USDepartmentofAgriculture;USDAForeignAgriculturalServiceLeadingbuyersofU.S.cornin2021,bycountry(inmillionbushels)*TopUnitedStates'cornbuyers2021,bycountryExportsinmillionbushels0100200300400500600700800900ChinaMexico845614Japan442ColombiaSouthKoreaCanada1551417168TaiwanGuatemalaCostaRicaHondurasSaudiArabiaPeru4932302828Other24926Description:ThisstatisticrankstheleadingcustomersofU.S.cornin2021,brokendownbycountry.Accordingtothereport,Chinaboughtabout845millionbushelsofcornfromtheUnitedStatesthatmarketingyearR.

eadmoreNote(s):Worldwide;2021;*Marketingyear

ReadmoreSource(s):USDepartmentofAgriculture;USGrainsCouncilCHAPTER

05ConsumptionTotalconsumptionofcornworldwidefrom2014/2015to2021/2022(inmillionbushels)Globalcornconsumption2014/15-2021/2250,00047,08945,39444,55144,69045,00040,00035,00030,00025,00020,00015,00010,0005,00041,99540,42938,23238,03802014/20152015/20162016/20172017/20182018/20192019/20202020/20212021/202228Description:Thisstatisticshowsthetotalconsumptionofcornworldwidefrom2014/15to2021/22.InthemarketingyearthatspannedfromOctober1,2021toSeptember30,2022,theconsumptionofcornwasforecastedtoamounttoatotalofabout47billionbushelsworldwide.

ReadmoreNote(s):Worldwide;October1toSeptember30ofeachyearSource(s):NCGA;USDepartmentofAgriculture;USDAForeignAgriculturalServiceConsumptionofcornworldwidein2021/2022,bycountry(inmillionbushels)*Globalcornconsumption2021/2022,bycountyConsumptioninmillionbushels20,000

25,00005,00010,00015,00012,41011,57430,00035,00040,00045,00050,000UnitedStatesChinaEU-273,1462,8741,7401,126661BrazilMexicoIndiaEgyptJapan650624616VietnamArgentinaTotal47,08929Description:TheUnitedStatesistheleadingconsumerofcornworldwide.In2021/2022,theU.S.consumedabout12.4billionbushelsofcorn.China,therunnerup,consumedabout11.57billionbushelsofcorninthatyearR.

eadmoreNote(s):Worldwide;October1,2021toSeptember30,2022;ForecastSource(s):NCGA;USDepartmentofAgriculture;USDAForeignAgriculturalServiceConsumptionofcorninLatinAmericaandtheCaribbeanin2021,bycountry(in1,000metrictons)LatinAmerica:cornconsumption2021,bycountryConsumptioninthousandmetrictons30,000

40,000010,00020,00050,00060,00070,00080,000BrazilMexico73,00044,200ColombiaPeru7,6005,4203,4203,2002,000ChileGuatemalaVenezuelaParaguay1,7501,6501,5001,4851,4001,250ElSalvadorDominicanRepublicEcuadorArgentinaHonduras30Description:ThisstatisticshowstheestimatedcornconsumptionvolumeinLatinAmericaandtheCaribbeanin2021,brokendownbycountry.Thatyear,thecornconsumptioninBrazilisestimatedtoreachover73millionmetrictonsR.

eadmoreNote(s):LAC;2021;*ForecastThesourcedoesnotspecifythepublicationdate.Thereleasedategivenisthedateofaccess.ReadmoreSource(s):IndexMundi;USDepartmentofAgricultureTotalU.S.domesticuseofcornfrom2001to2021(inmillionbushels)U.S.domesticuseofcorn2001-2021FeedandresidualFood,seedandindustrialTotal14,00012,00010,0008,0006,0004,0002,00002001

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2021**31Description:ThisstatisticshowsthetotaldomesticuseofcornintheUnitedStatesfrom2001to2021.In2020,approximately5.9billionbushelsofcornwereusedforfeedandresidualpurposesintheUnitedStatesR.

eadmoreNote(s):UnitedStates;2001to2021;*EstimateasofJanuary2022**Projected.ThisstatisticwasassembledfromseveralUSDAannua

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