Market research

Maize market in Armenia

Maize market in Armenia

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

Report language:
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Earlier Report Observations

The Armenian maize market volume showed significant variability from 2018 to 2023. After a moderate decline in 2019, consumption recovered in 2020 before decreasing again in 2021. The market then saw a sharp expansion in 2022, with volume surpassing 100 000 t, only to contract considerably in 2023.

Imports formed the dominant share of market supply throughout the period, while domestic production remained relatively small. The peak in 2022 coincided with a major rise in import volumes, which increased by nearly 50% from the previous year. Similarly, the decline in 2023 aligned with a substantial reduction in imports.

Table of content

  1. 1. Disclaimer
  2. 2. Terms of use of the report
  3. 3. Product codes in the statistical classifications used in the report
  4. 4. Key Market Indicators and Trends
    1. 4.1. Key Market Indicators
      1. 4.1.1. In kind
        1. 4.1.1.1. Production, 2018-2023
        2. 4.1.1.2. Imports, 2018-2024
        3. 4.1.1.3. Exports, 2018-2024
        4. 4.1.1.4. Market size, 2018-2023
    2. 4.2. Market Trends and Factors
  5. 5. Production
    1. 5.1. Production in Armenia
      1. 5.1.1. Annual dynamics of production in Armenia in kind, 2018-2023, t
      2. 5.1.2. Annual dynamics of production in Armenia in value, 2018-2023, $ US
    2. 5.2. Global production by Country, 2018-2023
      1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
      2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
      3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
      4. 5.2.4. Structure of production by countries in kind, 2018-2023
      5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
  6. 6. Imports
    1. 6.1. Imports (Direct Data)
      1. 6.1.1. Imports - Total information
      2. 6.1.2. Imports in kind, t
        1. 6.1.2.1. Annual dynamics of product's imports to Armenia in kind, 2018-2024, t
        2. 6.1.2.2. Dynamics of product's imports in kind to Armenia by countries, 2018-2024, t
        3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
      3. 6.1.3. Imports in value, K $ US
        1. 6.1.3.1. Annual dynamics of product's imports to Armenia in value, 2018-2024, K $ US
        2. 6.1.3.2. Dynamics of product's imports in value to Armenia by countries, 2018-2024, K $ US
        3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
      4. 6.1.4. Average price of product's imports, $ US/kg
        1. 6.1.4.1. Annual dynamics of average price of product's imports to Armenia, 2018-2024, $ US/kg
        2. 6.1.4.2. Dynamics of average price of product's imports to Armenia by countries, 2018-2024, $ US/kg
    2. 6.2. Imports (Mirror Data)
      1. 6.2.1. Imports - Total information
      2. 6.2.2. Imports in kind, t
        1. 6.2.2.1. Annual dynamics of product's imports to Armenia in kind, 2018-2024, t
        2. 6.2.2.2. Dynamics of product's imports in kind to Armenia by countries, 2018-2024, t
        3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
      3. 6.2.3. Imports in value, K $ US
        1. 6.2.3.1. Annual dynamics of product's imports to Armenia in value, 2018-2024, K $ US
        2. 6.2.3.2. Dynamics of product's imports in value to Armenia by countries, 2018-2024, K $ US
        3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
      4. 6.2.4. Average price of product's imports, $ US/kg
        1. 6.2.4.1. Annual dynamics of average price of product's imports to Armenia, 2018-2024, $ US/kg
        2. 6.2.4.2. Dynamics of average price of product's imports to Armenia by countries, 2018-2024, $ US/kg
  7. 7. Exports
    1. 7.1. Exports (Direct Data)
      1. 7.1.1. Exports - Total information
      2. 7.1.2. Exports in kind, t
        1. 7.1.2.1. Annual dynamics of product's exports from Armenia in kind, 2018-2024, t
        2. 7.1.2.2. Dynamics of product's exports in kind from Armenia by countries, 2018-2024, t
        3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
      3. 7.1.3. Exports in value, K $ US
        1. 7.1.3.1. Annual dynamics of product's exports from Armenia in value, 2018-2024, K $ US
        2. 7.1.3.2. Dynamics of product's exports in value from Armenia by countries, 2018-2024, K $ US
        3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
      4. 7.1.4. Average price of product's exports, $ US/kg
        1. 7.1.4.1. Annual dynamics of average price of product's exports from Armenia, 2018-2024, $ US/kg
        2. 7.1.4.2. Dynamics of average price of product's exports from Armenia by countries, 2018-2024, $ US/kg
    2. 7.2. Exports (Mirror Data)
      1. 7.2.1. Exports - Total information
      2. 7.2.2. Exports in kind, t
        1. 7.2.2.1. Annual dynamics of product's exports from Armenia in kind, 2018-2024, t
        2. 7.2.2.2. Dynamics of product's exports in kind from Armenia by countries, 2018-2024, t
        3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
      3. 7.2.3. Exports in value, K $ US
        1. 7.2.3.1. Annual dynamics of product's exports from Armenia in value, 2018-2024, K $ US
        2. 7.2.3.2. Dynamics of product's exports in value from Armenia by countries, 2018-2024, K $ US
        3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
      4. 7.2.4. Average price of product's exports, $ US/kg
        1. 7.2.4.1. Annual dynamics of average price of product's exports from Armenia, 2018-2024, $ US/kg
        2. 7.2.4.2. Dynamics of average price of product's exports from Armenia by countries, 2018-2024, $ US/kg
  8. 8. Trade balance
    1. 8.1. Trade balance (Direct Data)
      1. 8.1.1. In kind, t
      2. 8.1.2. In value, K $ US
    2. 8.2. Trade balance (Mirror Data)
      1. 8.2.1. In kind, t
      2. 8.2.2. In value, K $ US
  9. 9. Top buying and selling countries, 2018-2024
    1. 9.1. Direct Data
      1. 9.1.1. Import in Value by Countries-buyers
      2. 9.1.2. Export in Value by Countries-suppliers
    2. 9.2. Mirror Data
      1. 9.2.1. Import in Value by Countries-buyers
      2. 9.2.2. Export in Value by Countries-suppliers

Production maize in Armenia

In kind, 2017-2020, t

Top producers of maize, 2017-2020

Source: SHEV.io

World map of production of maize, 2017-2020

Source: SHEV.io

Armenia's maize production rebounded after a two-year decline. In 2019, production hit its lowest point at 4 758 tonnes, with the largest annual drop of 37.5% recorded that year. However, in 2020, production surged to 6 467 tonnes, marking a sharp 35.9% increase from the previous year. Over the entire period from 2017 to 2020, production decreased by 37.9%, which translates to an average annual decline of 14.7%.

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

Parameter201820192020CAGR
1Change from last year(26.9%)(37.5%)35.9%(14.7%)
Source: SHEV.io

Exports maize from Armenia

Market research findings indicate that Armenia did not export any maize between 2017 and 2020.

Imports maize to Armenia

Imports in kind, t

Armenia's maize imports showed significant growth from 2017 to 2020. In 2019, imports experienced their largest decline of 2.8%, but this was followed by a modest 9.1% increase in 2020, reaching 71 878 tonnes. The most substantial annual rise occurred in 2018, with a 45.3% jump. Overall, imports grew by 54.1% over the four-year period, averaging a 15.5% compound annual growth rate.

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

Parameter201820192020CAGR
1Change from last year45.3%(2.8%)9.1%15.5%
Source: SHEV.io

From 2017 to 2020, Russia was the overwhelmingly dominant supplier of maize to Armenia, accounting for 99.2% of total imports by volume.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Foreign maize supplies to Armenia increased for the third consecutive year. In 2020, import value reached 13 241 thousand US dollars, reflecting a modest 9.5% year-over-year advance. Over the 2017-2020 period, imports grew by 68.1%, with an average compound annual growth rate of 18.9%.

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

Parameter201820192020CAGR
1Change from last year49.1%2.9%9.5%18.9%
Source: SHEV.io

Throughout 2017 to 2020, Russia remained the almost exclusive supplier of maize to Armenia, holding a 97.9% share of total imports in value terms.

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

Source: SHEV.io

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

Source: SHEV.io

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