Market research

Maize market in Maldives

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The maize market in Maldives contracted significantly from 335 t in 2018 to 227 t in 2020, driven primarily by a sharp fall in imports. The introduction of the National Fisheries and Agricultural Policy 2019‑2029 during this period aimed to strengthen domestic crop production and improve market linkages, which likely contributed to the shift in import patterns.

Market volume rebounded strongly from 2021 onward, growing by over 60% to 365 t in 2021 and reaching 452 t by 2023 as import flows recovered and expanded steadily.

In 2024, a major policy shift under President Mohamed Muizzu focused on realizing agricultural potential began to impact the market. Initiatives such as the Maldives Agribusiness Program, the establishment of an Agriculture Economic Zone, and new food safety regulations were implemented to boost local farming and reduce import reliance, coinciding with a decrease in maize imports to 167 t for the year.

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, 2018-2024
    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. Production
1. 5.1. Production in Maldives
  1. 5.1.1. Annual dynamics of production in Maldives in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Maldives 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 Maldives in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Maldives 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 Maldives in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Maldives 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/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Maldives, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Maldives by countries, 2018-2024, $ 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 Maldives in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Maldives 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 Maldives in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Maldives 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/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Maldives, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Maldives by countries, 2018-2024, $ US/t
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, t
  2. 7.1.2. In value, K $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, t
  2. 7.2.2. In value, K $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production maize in Maldives

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

In 2020, Maldives produced 146.6 tons of maize, showing only a slight year-over-year fluctuation compared to 2019. Over the period from 2017 to 2020, production increased by 2.7%, with a compound annual growth rate of 0.9%. The highest production level was recorded in 2018 at 150.6 tons, which represented a 5.5% increase. The largest decline occurred in 2019, with a drop of 2.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	5.5%	(2.7%)	0.0%	0.9%

Source: SHEV.io

Exports maize from Maldives

According to industry analysis, there were no exports of maize from Maldives between 2017 and 2020.

Imports maize to Maldives

Imports in kind, t

Maize imports to Maldives declined for the second consecutive year. In 2020, imports amounted to 80.6 tons, marking a controlled decrease of 7.8% compared to the previous year. From 2017 to 2020, imports fell by 27.8%, equating to an annualized decline of 10.3%. The peak import volume was recorded in 2018 at 184.8 tons, which was a 65.4% increase. The largest decline occurred in 2019, with a drop of 52.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	65.4%	(52.7%)	(7.8%)	(10.3%)

Source: SHEV.io

Between 2017 and 2020, three main markets—India, Singapore, and the United Arab Emirates—accounted for 63.0% of total maize imports to Maldives in volume terms.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

In 2020, the value of maize imports to Maldives stood at 225.3 thousand US dollars, reflecting a significant year-over-year loss of 21.4%. Over the period from 2017 to 2020, imports decreased by 4.6%, with a compound annual growth rate of 1.6%. The lowest value was recorded in 2018 at 221.7 thousand US dollars, while the highest was in 2019 at 286.7 thousand US dollars, which represented a 29.3% increase.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(6.1%)	29.3%	(21.4%)	(1.6%)

Source: SHEV.io

From 2017 to 2020, the main suppliers of maize to Maldives in value terms were the United Arab Emirates (36.6% of imports), Thailand (30.1% of imports), and India (10.4% of imports). Together, these three countries comprised 77.2% 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 Maldives in value, 2017-2020

Source: SHEV.io