Asia-Pacific: Barley Market 2024

Barley Market Size in Asia-Pacific

After three years of growth, the Asia-Pacific barley market decreased by X% to $X in 2022. The total consumption indicated pronounced growth 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. The level of consumption peaked at $X in 2021, and then declined significantly in the following year.

Barley Production in Asia-Pacific

In value terms, barley production amounted to $X in 2022 estimated in export price. The total production indicated a resilient increase 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 2020 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Australia (X tons) remains the largest barley producing country in Asia-Pacific, accounting for X% of total volume. Moreover, barley production in Australia exceeded the figures recorded by the second-largest producer, China (X tons), sixfold. India (X tons) ranked third in terms of total production with a X% share.

In Australia, barley production increased at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: China (X% per year) and India (X% per year).

The average barley yield declined to X tons per ha in 2022, reducing by X% compared with the previous year. In general, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the yield reached the peak level of X tons per ha, and then declined 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.

In 2022, approx. X ha of barley were harvested in Asia-Pacific; dropping by X% compared with 2021 figures. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2017 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to barley production attained the peak figure at X ha in 2021, and then dropped in the following year.

Barley Exports

Exports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in shipments abroad of barley, when their volume decreased by X% to X tons. Overall, exports, however, saw moderate growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, barley exports soared to $X in 2022. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of barley, namely Australia, represented more than two-thirds of total export.

Australia was also the fastest-growing in terms of the barley exports, with a CAGR of X% from 2012 to 2022. While the share of Australia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest barley supplier in Asia-Pacific.

In Australia, barley exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Barley Imports

Imports in Asia-Pacific

In 2022, overseas purchases of barley decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, barley imports declined sharply to $X in 2022. Overall, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

China represented the largest importing country with an import of about X tons, which accounted for X% of total imports. Japan (X tons) ranks second in terms of the total imports with a X% share, followed by Vietnam (X%). The Philippines (X tons) and India (X tons) held a little share of total imports.

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

In value terms, China ($X) constitutes the largest market for imported barley in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

In China, barley imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, picking up by X% against the previous year. Import price indicated mild growth from 2012 to 2022: its price 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, barley import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in India ($X per ton) and Japan ($X per ton), while the Philippines ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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