In 21 years, the proportion of Ukrainian corn in my country’s total corn imports has declined

In 21 years, the proportion of Ukrainian corn in my country's total corn imports has declined

In 2021, China’s total corn imports will be 28.36 million tons, of which the main source country is the United States, accounting for about 70% of the total imports. In 2021, China imported 19.8281 million tons of corn from the United States, accounting for about 69.94% of the total corn imports for the year; followed by Ukraine, with an import volume of 8.2345 million tons, accounting for about 29.05% of the total imports; other remaining countries imported less, the import volume was only 286,500 tons, accounting for about 1.01% of the total import.

In 2021, the US corn import volume will be 19.83 million tons, a significant increase from 4.34 million tons in 2020, and the proportion of imports has also increased significantly. U.S. corn imports will account for 73% in 2021, up 34% from 39% in 2020.

From 2011 to 2013, the US corn imports accounted for more than 90%, accounting for the vast majority of my country’s corn imports. During the period from 2014 to 2019, the US corn import volume and import proportion were both at a low level, the import volume was less than 1 million tons, and the import proportion was about 10%. During 2020-2021, U.S. corn imports continued to increase significantly, mainly due to rising domestic corn prices.

Ukraine’s corn imports in 2021 were 7.32 million tons, an increase of 1 million tons from 6.3 million tons in 2020, but the proportion of my country’s total imports dropped significantly. In 2021, Ukraine’s corn imports accounted for 27%, down 29% from 56% in 2020. During the period from 2015 to 2019, Ukraine’s corn imports accounted for 64%-86%, accounting for the majority of my country’s corn imports. It can be seen from the figure that my country did not import Ukrainian corn in 2011 and 2012, but began to import Ukrainian corn in 2013 and 2014, and the import volume gradually increased.

Take a look at Ukraine’s corn production and exports. In the past ten years, Ukraine’s corn production has shown an overall increase. In 2010/2011, Ukraine’s corn output was 11.92 million tons, and in 2021/2022, Ukraine’s corn output was 42 million tons. The corn output increased by about 300% in ten years. Ukrainian corn is mostly used for export, which accounts for 70%-85% of production.

In the export trade of Russia and Ukraine to the world and to Europe, the proportion of grain is at the top. In 2021, Ukraine’s corn exports to China will account for 16% of its domestic production and 20% of its domestic exports, with a larger part of the rest going to Europe.

The downstream demand for corn in my country is mainly concentrated in the feed and deep processing industries. In the feed industry, starting from March 2021, the state has launched the “Work Plan for the Reduction and Replacement of Corn and Soybean Meal in Feed” to guide the reduction of corn consumption in the feed industry and increase other grains and agricultural and sideline products. dosage. In the deep processing industry, in 2022, the “Opinions of the Central Committee of the Communist Party of China and the State Council on Doing a Good Job in Comprehensively Promoting the Key Work of Rural Revitalization in 2022” proposed to “strictly control the processing of fuel ethanol using corn as raw material”. Under the guidance of the policy, food security will still be the top priority in 2022, ensuring the balance of feed grains and the regulation of agricultural products. During the period of 2021-2022, the price of corn in my country will gradually fall from a high level, and the market’s enthusiasm for the demand for imported corn has cooled slightly. In 2022, my country’s corn market will still use domestic production as the main source of supply and maintain a stable operation.