Asia: Cereal Market 2024

Cereal Market Size in Asia

The Asian cereal market stood at $X.2B in 2022, approximately mirroring the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Cereal Production in Asia

In value terms, cereal production fell to $X.1B in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X.3B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were China (X tons), India (X tons) and Indonesia (X tons), with a combined X% share of total production. Bangladesh, Pakistan, Vietnam, Thailand, Turkey, Myanmar and the Philippines lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Pakistan (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average cereal yield declined to X tons per ha in 2022, approximately equating 2021 figures. Overall, the yield, however, continues to indicate modest growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. The level of yield peaked at X tons per ha in 2021, and then contracted in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cereal harvested area declined to X ha in 2022, therefore, remained relatively stable against the previous year. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2021, and then fell modestly in the following year.

Cereal Exports

Exports in Asia

For the third consecutive year, Asia recorded growth in shipments abroad of cereals, which increased by less than X% to X tons in 2022. Overall, exports recorded a mild increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, cereal exports rose sharply to $X in 2022. Over the period under review, exports saw notable growth. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

India (X tons) and Kazakhstan (X tons) prevails in exports structure, together mixing up X% of total exports. Myanmar (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%). Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest cereal supplying countries in Asia were India ($X), Kazakhstan ($X) and Myanmar ($X), with a combined X% share of total exports.

Myanmar, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Turkey ($X per ton) and Myanmar ($X per ton), while Kazakhstan ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced more modest paces of growth.

Cereal Imports

Imports in Asia

After three years of growth, purchases abroad of cereals decreased by X% to X tons in 2022. Total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, cereal imports rose rapidly to $X in 2022. In general, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons), distantly followed by Japan (X tons), South Korea (X tons), Vietnam (X tons), Turkey (X tons), Iran (X tons), Saudi Arabia (X tons) and Indonesia (X tons) represented the largest importers of cereals, together making up X% of total imports. The following importers - Bangladesh (X tons), the Philippines (X tons), Taiwan (Chinese) (X tons), Malaysia (X tons) and Yemen (X tons) - together made up X% of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%), Vietnam (X%), Turkey (X%), the Philippines (X%), Taiwan (Chinese) (X%), Indonesia (X%), Malaysia (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Yemen, Iran, Saudi Arabia and Japan experienced a relatively flat trend pattern. China (X p.p.), Vietnam (X p.p.), Bangladesh (X p.p.), Turkey (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while South Korea, Iran, Saudi Arabia and Japan saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cereal importing markets in Asia were China ($X), Japan ($X) and South Korea ($X), together comprising X% of total imports. Vietnam, Turkey, Indonesia, the Philippines, Saudi Arabia, Iran, Taiwan (Chinese), Bangladesh, Malaysia and Yemen lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Bangladesh, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price recorded mild growth. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :