Asia-Pacific: Rye Market 2024

Rye Market Size in Asia-Pacific

The Asia-Pacific rye market reduced modestly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a perceptible setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Rye Production in Asia-Pacific

In value terms, rye production declined to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The country with the largest volume of rye production was China (X tons), comprising approx. X% of total volume. Moreover, rye production in China exceeded the figures recorded by the second-largest producer, Democratic People's Republic of Korea (X tons), eightfold.

In China, rye production declined by 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: Democratic People's Republic of Korea (X% per year) and Australia (X% per year).

The average rye yield totaled X tons per ha in 2022, flattening at 2021 figures. Overall, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2014 to 2022, the growth of the rye 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.

In 2022, the harvested area of rye in Asia-Pacific was estimated at X ha, approximately reflecting 2021. In general, the harvested area, however, continues to indicate a mild contraction. The growth pace was the most rapid in 2016 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to rye production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Rye Exports

Exports in Asia-Pacific

In 2022, shipments abroad of rye increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt contraction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, rye exports soared to $X in 2022. Over the period under review, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Hong Kong SAR (X tons), creating an X% share of total exports. India (X tons) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the rye exports, with a CAGR of X% from 2012 to 2022. Hong Kong SAR (X%) and India (X%) illustrated a downward trend over the same period. While the share of Australia (X p.p.) and Hong Kong SAR (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest rye supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports.

In Australia, rye exports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated a perceptible expansion 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, rye export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the export price figures.

Rye Imports

Imports in Asia-Pacific

After two years of growth, purchases abroad of rye decreased by X% to X tons in 2022. Overall, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, rye imports shrank to $X in 2022. Over the period under review, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X tons) represented the main importer of rye, making up X% of total imports. It was distantly followed by South Korea (X tons), comprising a X% share of total imports. Afghanistan (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to rye imports into Japan stood at X%. At the same time, Afghanistan (X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) illustrated a downward trend over the same period. Afghanistan (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, South Korea ($X), Japan ($X) and Afghanistan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Afghanistan, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, picking up by X% against the previous year. Import price indicated a pronounced increase 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, rye import price increased by X% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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