World - Cereal Grains - Market Analysis, Forecast, Size, Trends and Insights
Japan and China Are the Main Importers of Cereal Grains
IndexBox has just published a new report "World: Cereal Grains – Market Report. Analysis and Forecast to 2025". Here is a summary of the report’s key findings.
Cereal Grains Consumption Is Continuing to Increase
From 2007 to 2016, the global cereal grains market showed an upward trend, expanding by X%, to X tonnes in 2016. According to IndexBox estimates, over the last nine years the cereal grain market grew with a CAGR of +X%. Maize accounted for the highest share (X% in 2016) of global cereal grains consumption, followed by wheat (X%), rice (X%), barley (X%), sorghum (X%), millet, oats and triticale (about X% each).
In value terms, the market kept at the same level of 2015 and stood at $X in 2016. From 2007 to 2016, the market value was subject to significant fluctuations against changes in prices, crop yield and global cereal grains reserves.
China Ranks First in Global Cereal Grains Consumption
The countries with the highest consumption were China (X% based on tonnes), the U.S. (X%), India (X%), Brazil (X%), Indonesia and Russia (X% each), together comprising almost X% of global consumption. The highest annual rates of growth with regard to cereal grains consumption from 2007 to 2016 were recorded in Brazil (+X%) and China (+X%).
Amongst the leading consuming countries, high levels of per capita consumption were recorded in the U.S. (X kg/year), Brazil (X kg/year) and Russia (X kg/year), while the global average per capita consumption of cereal grains was estimated at X kg/year in 2016.
In the Medium Term, the Cereal Grains Market Is Set to Continue Modest Growth
It is expected that global cereal grains consumption will grow to X tonnes by 2025. In the medium term, consumption of cereal grains will grow at a slow rate (about +X% per year), mainly due to increased demand for cereal grains in Asian and African countries.
By 2025, maize consumption will increase to X billion tons. It is expected that maize for feed consumption will grow due to the rapid livestock growth in developing countries. Maize for human consumption will also grow mainly in developing countries, especially on the African continent. According to expectations, the consumption of wheat will increase to X tonnes. Wheat will be mostly used for human consumption. It is expected that the use of wheat for feed will increase primarily in Asian countries: China, Pakistan and Vietnam. The expected share of using wheat for biofuel production will be about X% of world wheat consumption in 2025. Rice for human consumption remains the main way of consuming rice, as this product is a staple food in most Asian countries and is also popular in Africa, Latin America, and the Caribbean. It is expected that the total consumption of rice will rise to X tonnes by 2025 against the backdrop of Asian and African population growth.
In 2016, Cereal Grains Production Increased in Terms of Volume, but Remained Flat in Value Terms
Cereal grains production reached X in 2016, with a positive dynamic being recorded over the last nine years. Maize accounted for the highest share (X% in 2016) of global cereal grains manufacturing, followed by wheat (X%) and rice (X%).
The cereal grains production value amounted to $X in 2016. From 2007 to 2016, the production of cereal grains showed a mixed pattern. Due to the fall seen in exporter prices, cereal grains production in value terms remained stable in 2016, against the growth in output figures over the last year.
All Key Cereal Grains Producers Increased Their Production Volume
The output of the five major producers of cereal grains, namely China (X tonnes), the U.S. (X tonnes), India (X tonnes), Brazil (X tonnes) and Russia (X tonnes) represented about X% of global cereal grains output. All main producer countries showed upward trends in cereal grains output: Brazil (+X% per year), Russia (+X% per year), China (+X% per year), the U.S. (+X% per year) and India (+X% per year).
The U.S. Was the Largest Exporter of Cereal Grains
In 2016, the volume of global exports totalled X tonnes, which was X% less than the year before. However, from 2007 to 2016, the global cereal grains exports indicated a steady growth, with a CAGR of +X%.
The U.S. (X%) was the main supplier of cereal grains in the world. Besides the U.S. other major suppliers were Russia, Argentina and France (X% each). All these countries (including the U.S.) together made up a X% a share of global exports. While Russia’s exports (+X% per year) steady increased over the period under review, Argentina, France and the U.S. cereal grains exports were relatively stable from 2007 to 2016. In addition, Russia (+X percentage points from 2007-2016) strengthened its position in the global cereal grains export arena, while the share of the U.S. (-X percentage points) decreased significantly.
Japan and China Were the Main Importers of Cereal Grains
The volume of global cereal grains imports totalled X tonnes in 2016. Imports dynamics was generally in line with exports: globally, these trade flows complement each other. From 2007 to 2016, global cereal grains imports steadily increased, with a CAGR of +X%, however, some noticable fluctuations were observed.
Japan and China (X% each) were the main consumers of cereal grains imports. Except Japan and China, the main importers of cereal grains were Mexico (X tonnes), South Korea (X tonnes), Spain (X tonnes), Algeria (X tonnes) and Saudi Arabia (X tonnes), all these countries together amounting for X% share of global cereal grains imports. China had the highest growth rates of imports +X% per year. Other countries had more moderate growth rates per year: Algeria (+X%), Saudi Arabia (+X%), South Korea (+X%), Spain (+X%) and Mexico (+X%).
While the share of China in terms of global imports of cereal grains (+X percentage points) increased, the share of Japan (-X percentage points) decreased from 2007 to 2016. The shares of the other countries remained relatively stable throughout the analyzed period.
Do you want to know more about the global grain market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- grain market share
- grain prices
- grain industry
- grain sales
- grain import
- grain export
- grain market forecast
- grain price forecast
- key grain producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the global cereal grains market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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