Market research

Maize market in Bhutan

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The maize market volume in Bhutan experienced a substantial decline from 2018 to 2021, falling from 77,017 t to 46,668 t, a reduction of over 39%. This downward trend was interrupted in 2021, which marked the lowest point in the period.

From 2021 onward, the market entered a recovery phase, growing by 10.7% in 2022 to 51,656 t and then by a further 25.7% in 2023 to 64,922 t. Despite this rebound, the 2023 volume remained 16% below the 2018 level, indicating a lasting shift in market conditions.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
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, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Bhutan
  1. 5.1.1. Annual dynamics of production in Bhutan in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Bhutan 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. 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 Bhutan in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Bhutan by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Bhutan in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Bhutan by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Bhutan, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Bhutan by countries, 2018-2025, $ US/t
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 Bhutan in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Bhutan by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Bhutan in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Bhutan by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Bhutan, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Bhutan by countries, 2018-2025, $ US/t
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 Bhutan in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Bhutan by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Bhutan in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Bhutan by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Bhutan, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Bhutan by countries, 2018-2025, $ US/t
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 Bhutan in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Bhutan by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Bhutan in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Bhutan by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Bhutan, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Bhutan by countries, 2018-2025, $ US/t
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. Top buying and selling countries, 2018-2025
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 Bhutan

In kind, 2018-2021, t

Top producers of maize, 2018-2021

Source: SHEV.io

World map of production of maize, 2018-2021

Source: SHEV.io

Bhutan's maize production has declined for the third consecutive year. In 2021, the country produced 30 939 tonnes of maize, which represents a 24.5% decrease compared to the previous year. Over the period from 2018 to 2021, production fell by 44%, with a compound annual growth rate of -17.6%.

Annual dynamics of production in Bhutan in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(16.3%)	(11.4%)	(24.5%)	(17.6%)

Source: SHEV.io

Exports maize from Bhutan

Exports in kind, t

The market exhibited volatility during the observed period. Exports reached their lowest point in 2019 and peaked in 2021, showing a 1 628-fold difference between these years. In 2021, Bhutan exported 7 000 tonnes of maize, down by 28.3% from 2020.

Annual dynamics of product's exports from Bhutan in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(28.3%)	n/a	n/a	952.7%

Source: SHEV.io

From 2018 to 2021, the geographical distribution of maize exports in kind revealed a strong reliance on South Korea, which accounted for 99.9% of total export volumes.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Bhutan in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

In 2021, Bhutan exported maize worth 1 674 thousand US dollars, marking a significant increase of 106.0% compared to 2020. Between 2018 and 2021, exports surged by 381 551.9%, which translates to an annualized growth rate of 1 462.7%.

Annual dynamics of product's exports from Bhutan in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	106.0%	n/a	n/a	1 462.7%

Source: SHEV.io

During 2018–2021, 99.9% of Bhutan's maize exports in value terms were directed to South Korea, establishing this market as overwhelmingly dominant.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Bhutan in value, 2018-2021

Source: SHEV.io

Imports maize to Bhutan

Imports in kind, t

Maize imports into Bhutan have increased for the second consecutive year. In 2021, the country imported 22 730 tonnes of maize, showing a 22.6% rise compared to the previous year. Over the period from 2018 to 2021, imports grew by 4.4%, with a compound annual growth rate of 1.5%. The lowest import volume was recorded in 2019 at 15 931 tonnes, which also saw the largest decline of 26.8%.

Annual dynamics of product's imports to Bhutan in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(26.8%)	16.4%	22.6%	1.5%

Source: SHEV.io

From 2018 to 2021, the country structure of maize imports in kind was highly concentrated, with India alone accounting for 100.0% of total import volumes.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Bhutan in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

In 2021, Bhutan's maize imports amounted to 5 409 thousand US dollars, indicating a steep increase of 39.4% compared to 2020. Between 2018 and 2021, imports rose by 21%, equating to an annualized growth rate of 6.6%. The lowest value was recorded in 2020 at 3 880 thousand US dollars, which also experienced the largest decline of 17.7%.

Annual dynamics of product's imports to Bhutan in value, 2018-2021, K $ US