Maize flour and cereals market in Armenia

Earlier Report Observations

Between 2018 and 2021, the market volume for maize flour and cereals in Armenia showed considerable movement, starting at 12 883 t in 2018 before declining to 10 088 t in 2019. A recovery followed in 2020, bringing the market to 12 339 t, and then a sharp expansion to 19 305 t in 2021.

After the 2021 peak, the market contracted over the next two years, falling to 13 023 t in 2022 and further to 12 112 t in 2023.

In 2024, over 93 countries mandated the enrichment of maize flour to combat malnutrition, while global demand for gluten-free and organic varieties continued to rise, prompting new product lines and capacity investments by international manufacturers.

Production maize flour and cereals in Armenia

In kind, 2017-2020, t

Top producers of maize flour and cereals, 2017-2020

World map of production of maize flour and cereals, 2017-2020

The market showed significant volatility during this period. Production reached its lowest point in 2017, then peaked in 2018 with a 2.5-fold increase between these years. In 2020, Armenia produced 11 536 tons of maize flour and cereals, marking a 19.9% increase compared to 2019. The highest production volume was recorded in 2018 at 12 096 tons. The most substantial decline occurred in 2019 with a 20.5% drop, while the largest increase was in 2018 with a 147.1% surge.

Annual dynamics of production in Armenia in kind, 2017-2020, t

Exports maize flour and cereals from Armenia

Exports in kind, t

Export trends were unstable throughout the observed timeframe. Exports hit their lowest point in 2018, then peaked in 2020 with an 8.9-fold difference between these years. In 2020, Armenia exported 48.1 tons of maize flour and cereals, representing a sharp 601.0% increase compared to 2019. The minimum export volume was recorded in 2018 at 5.4 tons. The most significant decline occurred in 2018 with a 68.6% decrease.

Annual dynamics of product's exports from Armenia in kind, 2017-2020, t

From 2017 to 2020, Russia was the dominant market for Armenia's maize flour and cereal exports in volume terms, accounting for 87.3% of total flows, while other countries collectively represented the remaining share.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Armenia in kind, 2017-2020

Exports in value, K $ US

The market exhibited considerable volatility during these years. Export values dropped to their minimum in 2018, then climbed to their maximum in 2020 with a 33-fold increase between these periods. In 2020, Armenia's maize flour and cereal exports reached 69.7 thousand US dollars, up by 975.5% year-over-year. The lowest value was recorded in 2018 at 2.1 thousand US dollars. The largest decline occurred in 2018 with a 55.6% decrease.

Annual dynamics of product's exports from Armenia in value, 2017-2020, K $ US

Throughout 2017–2020, Russia dominated Armenia's maize flour and cereal exports in value terms, holding a 90.5% share of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Armenia in value, 2017-2020

Imports maize flour and cereals to Armenia

Imports in kind, t

Import trends showed instability during this timeframe. Volumes reached their lowest point in 2019, then peaked in 2020 with a 1.8-fold difference between these years. In 2020, Armenia imported 851.6 tons of foreign maize flour and cereals, equivalent to a steep 79.2% increase compared to the previous year. The minimum import volume was recorded in 2019 at 475.3 tons. The largest decline occurred in 2019 with a 40.0% decrease.

Annual dynamics of product's imports to Armenia in kind, 2017-2020, t

During 2017–2020, Russia dominated Armenia's maize flour and cereal imports in volume terms, absorbing 77.8% of total flows, with numerous minor partners accounting for the remainder.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Armenia in kind, 2017-2020

Imports in value, K $ US

The market showed signs of volatility over the observed period. Import values declined to their lowest level in 2019, then peaked in 2020 with a top-to-bottom ratio of 1.8 times. In 2020, Armenia imported 328.3 thousand US dollars worth of maize flour and cereals, representing a 78.2% increase versus the previous year. The minimum value was recorded in 2019 at 184.2 thousand US dollars. The largest decline occurred in 2019 with a 27.8% decrease.

Annual dynamics of product's imports to Armenia in value, 2017-2020, K $ US

Throughout 2017–2020, Russia was the main supplier of maize flour and cereals to Armenia in value terms, accounting for 77.9% of total imports, while other partners held relatively modest shares.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Armenia in value, 2017-2020