Australia: Rye Market Overview 2021

Rye Market Size in Australia

The Australian rye market surged to $X in 2020, jumping by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Rye Production in Australia

In value terms, rye production soared to $X in 2020 estimated in export prices. Over the period under review, production saw a relatively flat trend pattern. As a result, production reached the peak level and is likely to continue growth in the immediate term.

In 2020, the average yield of rye in Australia declined to X kg per ha, shrinking by -X% compared with 2019. Over the period under review, the yield continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. The rye yield peaked at X tonnes per ha in 2007; however, from 2008 to 2020, the 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.

The rye harvested area in Australia rose modestly to X ha in 2020, with an increase of X% against the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. As a result, the harvested area attained the peak level of X ha. from 2009 to 2020, the growth of the rye harvested area remained at a somewhat lower figure.

Rye Exports

Exports from Australia

In 2020, rye exports from Australia skyrocketed to X tonnes, increasing by X% compared with 2019 figures. Overall, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum in 2020 and are expected to retain growth in the near future.

In value terms, rye exports fell to $X in 2020. In general, exports posted mild growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. Exports peaked at $X in 2019, and then dropped in the following year.

Exports by Country

Taiwan (Chinese) (X tonnes) was the main destination for rye exports from Australia, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Taiwan (Chinese) stood at +X%.

In value terms, Taiwan (Chinese) ($X) also remains the key foreign market for rye exports from Australia.

From 2007 to 2020, the average annual growth rate of value to Taiwan (Chinese) stood at +X%.

Export Prices by Country

In 2020, the average rye export price amounted to $X per tonne, waning by -X% against the previous year. Overall, the export price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2018 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).

From 2007 to 2020, the rate of growth in terms of prices for Taiwan (Chinese) amounted to -X% per year.

Rye Imports

Imports into Australia

In 2020, overseas purchases of rye decreased by -X% to X tonnes, falling for the third consecutive year after two years of growth. In general, imports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2017 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, rye imports rose modestly to $X in 2020. Overall, imports continue to indicate a dramatic setback. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the U.S. (X tonnes) was the main supplier of rye to Australia, accounting for a X% share of total imports. Moreover, rye imports from the U.S. exceeded the figures recorded by the second-largest supplier, India (X kg), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from the U.S. totaled -X%.

In value terms, the U.S. ($X) constituted the largest supplier of rye to Australia, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from the U.S. totaled -X%.

Import Prices by Country

In 2020, the average rye import price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. from 2016 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was India ($X per tonne), while the price for the U.S. amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rye in the world?

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The country with the largest volume of rye consumption was Germany (3.9M tonnes), accounting for 32% of total volume. Moreover, rye consumption in Germany exceeded the figures recorded by the second-largest consumer, Russia (1.3M tonnes), threefold. The third position in this ranking was occupied by Poland (1.1M tonnes), with a 8.8% share.

What are the largest producers of rye in the world?

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The countries with the highest volumes of rye production in 2020 were Germany (3.3M tonnes), Poland (2.4M tonnes) and Russia (1.3M tonnes), together comprising 55% of global production. These countries were followed by Denmark, Belarus, China, Canada, Ukraine, Turkey, the U.S., Spain, Sweden and Latvia, which together accounted for a further 33%.

What are the leading suppliers of rye to Australia?

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In value terms, the U.S. ($2.2K) constituted the largest supplier of rye to Australia, comprising 95% of total imports. The second position in the ranking was occupied by India ($113), with a 4.8% share of total imports.

What are the leading importers of rye from Australia?

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In value terms, Taiwan (Chinese) ($77K) remains the key foreign market for rye exports from Australia.

What is the average export price for rye in Australia?

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In 2020, the average rye export price amounted to $324 per tonne, which is down by -26.9% against the previous year.

What is the average import price for rye in Australia?

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In 2020, the average rye import price amounted to $346 per tonne, picking up by 27% against the previous year.