The revenue of the wet corn market within the U.S. amounted to $8.7B in 2018, dropping by -8.3% against the previous year.
This figure reflects the gross revenues of producers and importers (excluding supplying prices, retail promoting prices, and retailers’ margins, which is able to be enclosed within the final client price). Over the amount underneath review, wet corn consumption continues to point a forceful deduction. The pace of growth appeared the foremost fast in 2016, with a decrease of -1.8% against the previous year. Wet corn consumption peaked at $15.3B in 2013, but, from 2014 to 2018, consumption stood at a somewhat lower figure.
Wet Corn Production within the U.S.
In worth terms, wet corn production stood at $9.6B in 2018. In general, wet corn production continues to point an abrupt shrinkage. The foremost distinguished rate of growth was recorded in 2016 once production volume attenuated by -1.1% year-to-year. Wet corn production peaked at $16.7B in 2013, but, from 2014 to 2018, production remained at a lower figure.
Exports from the U.S.
In 2018, the number of wet corn exported from the U.S. stood at 2.1M tonnes, falling by -15.1% against the previous year. Over the amount underneath review, wet corn exports still indicate a perceptible decline. The foremost distinguished rate of growth was recorded in 2016 once exports exaggerated by 5.2% year-to-year. Over the amount underneath review, wet corn exports reached their peak figure at 2.6M tonnes in 2014, but, from 2015 to 2018, exports remained at a lower figure.