The global corn trade in 2024 continues to be a vital component of the international agricultural market, with a wide range of corn buyers from various industries including food processing, livestock feed, and biofuel production. With an estimated total value of $7.73 billion and over 220,000 trades, the global corn market remains strong, driven by key players who dominate imports. In this blog, we are going to discuss corn buyers across the globe. Also, whether you are looking for information on countries that import corn, global corn importers, or top destinations for global corn imports, please contact us through Tendata for better import data.

Global Market Overview

In 2024, the global corn trade reached a total value of $7.73 billion, with 16,309 importers engaged in the trade. The total weight of corn traded was over 43.7 million metric tons, highlighting the importance of this commodity in global trade. The average price per kilogram was $0.1767, while the average price per unit was $0.2427.

The major importers, particularly in countries like Vietnam, Mexico, and Peru, are driven by the strong demand for corn in food processing and animal feed. With over 220,000 trades recorded, the corn market remains diverse, with both large multinationals and regional players securing their supply chains.

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Top Global Corn Buyers in 2024

1.CÔNG TY CỔ PHẦN KHAI ANH BÌNH THUẬN – 5.78%, $446.67 Million

Leading the global corn import market in 2024, Công Ty Cổ Phần Khai Anh Bình Thuận, a Vietnamese company, takes the top spot with $446.67 million worth of corn imports. This company is a significant player in the food and agricultural sectors of Vietnam, meeting both domestic demand for food products and industrial use.

2.ADM MEXICO – 3.18%, $245.6 Million

Archer Daniels Midland (ADM), a globally recognized name in agriculture, continues to be a major importer of corn, with a substantial presence in Mexico. With imports worth $245.6 million, ADM Mexico plays a crucial role in ensuring a stable corn supply for the country's food industry and animal feed sectors.

3.CÔNG TY CỔ PHẦN XUẤT NHẬP KHẨU NHẤT THÀNH – 3.03%, $233.84 Million

Nhất Thành, another major Vietnamese corn importer, follows closely behind with $233.84 million in corn imports. The company is known for its role in the country’s food processing and livestock feed sectors, contributing significantly to Vietnam's corn consumption.

4.ADM ANDINA PERU S R L – 2.89%, $223.46 Million

ADM’s subsidiary in Peru, ADM Andina, continues to strengthen its position in South America, importing corn for various industries, including animal feed and food production. With $223.46 million in corn imports, ADM Andina plays a pivotal role in Peru's corn supply chain.

5.CÔNG TY CỔ PHẦN CHĂN NUÔI C P VIỆT NAM – 2.29%, $176.6 Million

CP Vietnam, a key player in the country's livestock and poultry sectors, imported $176.6 million worth of corn in 2024. The company is highly involved in animal feed production and plays an integral part in Vietnam's agricultural exports.

6.CÔNG TY TNHH ARCHER DANIELS MIDLAND VIỆT NAM – 2.07%, $160.13 Million

Another subsidiary of ADM, this time in Vietnam, accounted for $160.13 million in corn imports. With a focus on supplying raw materials for food and feed industries, this company remains vital to Vietnam’s agricultural market.

7.SAN FERNANDO S A – 1.74%, $134.46 Million

Based in Peru, San Fernando is an important meat producer that imports corn for its animal feed production. With $134.46 million worth of corn imports, San Fernando supports the growing demand for pork and poultry products in the South American market.

8.CÔNG TY TNHH CARGILL VIỆT NAM – 1.66%, $128.07 Million

Cargill Vietnam, part of the global Cargill conglomerate, stands at the eighth position with $128.07 million in corn imports. Known for its diverse operations in food, agriculture, and animal nutrition, Cargill Vietnam remains a key player in the local corn market.

9.PT SORINI AGRO ASIA CORPORINDO – 1.34%, $103.3 Million

Sorini Agro Asia, an Indonesian company, continues to import large quantities of corn, valued at $103.3 million in 2024. The company focuses on food processing and animal feed, contributing to both the Indonesian and regional markets.

10. CÔNG TY CỔ PHẦN ĐẦU TƯ ASIA GOLDMAN – 1.26%, $97.59 Million

Asia Goldman, with a focus on agricultural investments and corn imports, ranks tenth with $97.59 million in corn imports. The company plays a role in meeting the demand for food and feed industries, particularly in the Southeast Asian region.

We have mentioned the top global corn importers above. Apart from this, many other corn buyers also play a vital role in global corn import from all over the world. Also, explore our corn import data at Tendata to get the complete list of all the active corn importers across the globe and overseas.

Key Trends in the Corn Market

1.Increased Demand for Animal Feed: As global livestock production continues to rise, particularly in emerging economies in Southeast Asia and South America, the demand for corn as animal feed is growing. Companies like CP Vietnam and San Fernando in Peru are among the largest corn buyers, showing the importance of corn in animal husbandry.

2. Expansion of Biofuel Production: Corn remains a key feedstock for ethanol production, particularly in countries like the United States and Brazil. This drives demand for corn in the biofuel sector, indirectly impacting global trade patterns.

3. Regionalization of Corn Trade: While global demand for corn remains strong, there is a growing trend toward regional supply chains. For instance, companies like ADM Mexico and ADM Andina Peru are sourcing corn closer to their production facilities, reducing the impact of global supply chain disruptions.

4. Focus on Sustainable Sourcing: As sustainability becomes a key consideration in global trade, more corn buyers are focusing on the traceability and sustainability of their corn sources. This trend is being driven by both regulatory requirements and consumer demand for more ethically produced food products.

Conclusion

In 2024, the global corn market continues to thrive with major corn buyers spread across Asia and Latin America. Companies like Công Ty Cổ Phần Khai Anh Bình Thuận, ADM, and Cargill dominate corn imports, ensuring the smooth flow of corn for both food production and animal feed. As demand for corn remains strong, driven by increasing populations and evolving agricultural industries, these players will continue to shape the future of global corn trade.

Tendata is the premium solution for finding corn buyers worldwide. One can easily get the list of global corn importers and their previous shipment value with Tendata. Simply check out the latest global corn import data on our platform, and you can view the entire list of corn HS codes. It is the leading source of import data, providing import and export data for more than 218 countries/territories.

Moreover, if you have any questions about importer data, HS codes or corn import data, please feel free to contact Tendata. Our professionals will do their best to help you. Get a free live demo today!