Armenia: Cereals Market Overview 2020

Cereals Market Size in Armenia

The revenue of the cereals market in Armenia amounted to $X in 2018, dropping by -X% against the previous year. Overall, cereals consumption continues to indicate a slight descent. The most prominent rate of growth was recorded in 2012 when the market value increased by X% against the previous year. In that year, the cereals market reached its peak level of $X. From 2013 to 2018, the growth of the cereals market remained at a somewhat lower figure.

Cereals Production in Armenia

In value terms, cereals production amounted to $X in 2018 estimated in export prices. Over the period under review, cereals production continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2011 when production volume increased by X% y-o-y. Over the period under review, cereals production reached its peak figure level at $X in 2014; however, from 2015 to 2018, production failed to regain its momentum.

In 2018, the average yield of cereals in Armenia stood at X tonne per ha, picking up by X% against the previous year. Over the period under review, the cereals yield, however, continues to indicate a slight slump. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, the average cereals yield attained its maximum level at X tonne per ha in 2014; however, from 2015 to 2018, yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Cereals harvested area in Armenia totaled X ha in 2018, falling by -X% against the previous year. Overall, the cereals harvested area continues to indicate a deep slump. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Cereals harvested area peaked at X ha in 2016; however, from 2017 to 2018, harvested area remained at a lower figure.

Cereals Exports

Exports from Armenia

In 2018, approx. X tonnes of cereals were exported from Armenia; coming down by -X% against the previous year. In general, cereals exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. In that year, cereals exports attained their peak of X tonnes. From 2012 to 2018, the growth of cereals exports remained at a lower figure.

In value terms, cereals exports stood at $X in 2018. In general, cereals exports continue to indicate a deep drop. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. In that year, cereals exports reached their peak of $X. From 2012 to 2018, the growth of cereals exports failed to regain its momentum.

Cereals Imports

Imports into Armenia

In 2018, the imports of cereals into Armenia amounted to X tonnes, lowering by -X% against the previous year. Overall, cereals imports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. In that year, cereals imports reached their peak of X tonnes. From 2013 to 2018, the growth of cereals imports remained at a somewhat lower figure.

In value terms, cereals imports stood at $X in 2018. Over the period under review, cereals imports continue to indicate a deep descent. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. In that year, cereals imports reached their peak of $X. From 2013 to 2018, the growth of cereals imports failed to regain its momentum.

Source: IndexBox AI Platform