Asia: Quinoa Market 2023

Quinoa Exports

Exports in Asia

For the third year in a row, Asia recorded growth in shipments abroad of quinoa, which increased by 33% to X tons in 2021. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 521% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, quinoa exports soared to $X in 2021. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 262%. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Exports by Country

In 2021, India (X tons) represented the major exporter of quinoa, comprising 62% of total exports. Israel (X tons) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (10%). The following exporters - Turkey (X tons), Singapore (X tons) and Hong Kong SAR (X tons) - together made up 7.6% of total exports.

From 2012 to 2021, average annual rates of growth with regard to quinoa exports from India stood at +87.4%. At the same time, the United Arab Emirates (+152.9%), Turkey (+128.8%), Singapore (+55.1%), Hong Kong SAR (+53.9%) and Israel (+15.0%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of +152.9% from 2012-2021. India (+62 p.p.), the United Arab Emirates (+10 p.p.), Turkey (+3.3 p.p.), Singapore (+2.5 p.p.) and Hong Kong SAR (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Israel saw its share reduced by -82.8% from 2012 to 2021, respectively.

In value terms, the largest quinoa supplying countries in Asia were India ($X), Israel ($X) and the United Arab Emirates ($X), with a combined 82% share of total exports.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of +132.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, shrinking by -3.6% against the previous year. Over the period under review, the export price recorded a perceptible curtailment. The pace of growth was the most pronounced in 2014 an increase of 125% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+10.9%), while the other leaders experienced more modest paces of growth.

Quinoa Imports

Imports in Asia

For the third year in a row, Asia recorded growth in purchases abroad of quinoa, which increased by 5.7% to X tons in 2021. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 86% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, quinoa imports reduced to $X in 2021. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 155% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons), distantly followed by Israel (X tons), Taiwan (Chinese) (X tons), the United Arab Emirates (X tons), Japan (X tons) and Hong Kong SAR (X tons) represented the largest importers of quinoa, together mixing up 75% of total imports. The following importers - Malaysia (X tons), Singapore (X tons), Sri Lanka (X tons), Thailand (X tons), South Korea (X tons), Saudi Arabia (X tons) and Turkey (X tons) - together made up 18% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Sri Lanka (with a CAGR of +216.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Israel ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2021, together comprising 54% of total imports. Hong Kong SAR, the United Arab Emirates, Japan, South Korea, Malaysia, Singapore, Thailand, Saudi Arabia, Turkey and Sri Lanka lagged somewhat behind, together accounting for a further 39%.

Sri Lanka, with a CAGR of +227.1%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, reducing by -13.6% against the previous year. Overall, the import price showed a slight downturn. The pace of growth was the most pronounced in 2014 when the import price increased by 54%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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