China: Market for Cereal Grain Products (Including Corn Flakes) 2024

Market Size for Cereal Grain Products (Including Corn Flakes) in China

The Chinese market for cereal grain products (including corn flakes) totaled $X in 2022, increasing by X% against the previous year. Overall, consumption saw resilient growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Cereal Grain Products (Including Corn Flakes) in China

In value terms, corn flakes and cereal products production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production showed buoyant growth. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Cereal Grain Products (Including Corn Flakes)

Exports from China

In 2022, approx. X tons of cereal grain products (including corn flakes) were exported from China; jumping by X% against the previous year. Overall, exports, however, recorded a relatively flat trend pattern. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, corn flakes and cereal products exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X tons) was the main destination for corn flakes and cereal products exports from China, with a X% share of total exports. Moreover, corn flakes and cereal products exports to Japan exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), threefold. The third position in this ranking was held by Pakistan (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Pakistan (X% per year).

In value terms, Japan ($X), Hong Kong SAR ($X) and the United States ($X) appeared to be the largest markets for corn flakes and cereal products exported from China worldwide, together comprising X% of total exports. South Korea, Vietnam, Thailand, Malaysia, Canada, Australia, Pakistan, the Netherlands, Saudi Arabia and Guatemala lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Pakistan, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average export price for cereal grain products (including corn flakes) stood at $X per ton in 2022, which is down by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X%. The export price peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Grain Products (Including Corn Flakes)

Imports into China

In 2022, imports of cereal grain products (including corn flakes) into China skyrocketed to X tons, picking up by X% compared with the previous year's figure. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, corn flakes and cereal products imports soared to $X in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Lao People's Democratic Republic (X tons), Australia (X tons) and Japan (X tons) were the main suppliers of corn flakes and cereal products imports to China, together accounting for X% of total imports. Malaysia, South Korea, Chile, Russia, Myanmar, Taiwan (Chinese), Thailand, the United States, the UK and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest corn flakes and cereal products suppliers to China were Lao People's Democratic Republic ($X), Japan ($X) and Australia ($X), with a combined X% share of total imports. South Korea, Malaysia, Taiwan (Chinese), the United States, Thailand, Russia, the UK, Chile, Myanmar and Germany lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Russia, with a CAGR of X%, recorded 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 average import price for cereal grain products (including corn flakes) stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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