China: Quinoa Market Overview 2021

Quinoa Market Size in China

The Chinese quinoa market was estimated at $X in 2019, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs in 2019 and is likely to continue growth in years to come.

Quinoa Exports

Exports from China

In 2019, overseas shipments of quinoa decreased by -X% to X tonnes, falling for the third consecutive year after two years of growth. Over the period under review, exports saw a deep contraction. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Exports peaked at X tonnes in 2012; however, from 2013 to 2019, exports remained at a lower figure.

In value terms, quinoa exports dropped to $X in 2019. In general, exports recorded a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. As a result, exports reached the peak of $X. From 2015 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

France (X tonnes) was the main destination for quinoa exports from China, with a X% share of total exports. Moreover, quinoa exports to France exceeded the volume sent to the second major destination, the U.S. (X tonnes), twofold. The third position in this ranking was occupied by Canada (X tonnes), with a X% share.

From 2012 to 2019, the average annual growth rate of volume to France stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and Canada (+X% per year).

In value terms, France ($X) emerged as the key foreign market for quinoa exports from China, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2019, the average annual rate of growth in terms of value to France totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and Canada (+X% per year).

Export Prices by Country

The average quinoa export price stood at $X per tonne in 2019, with an increase of X% against the previous year. In general, the export price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Singapore ($X per tonne), while the average price for exports to Macao SAR ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Singapore, while the prices for the other major destinations experienced mixed trend patterns.

Quinoa Imports

Imports into China

In 2019, supplies from abroad of quinoa was finally on the rise to reach X tonnes after four years of decline. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, quinoa imports skyrocketed to $X in 2019. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada (X tonnes), Peru (X tonnes) and Spain (X tonnes) were the main suppliers of quinoa imports to China, with a combined X% share of total imports.

From 2012 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) constituted the largest supplier of quinoa to China, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2019, the average annual growth rate of value from Peru totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Colombia (+X% per year).

Import Prices by Country

The average quinoa import price stood at $X per tonne in 2019, which is down by -X% against the previous year. In general, the import price faced a abrupt descent. The growth pace was the most rapid in 2014 a decrease of -X% y-o-y. Over the period under review, average import prices attained the maximum at $X per tonne in 2012; however, from 2013 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Colombia ($X per tonne), while the price for Canada ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for quinoa in the world?

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The countries with the highest volumes of quinoa consumption in 2019 were Peru (41K tonnes), Bolivia (37K tonnes) and the U.S. (28K tonnes), together accounting for 67% of global consumption. These countries were followed by France, Canada, Germany and the UK, which together accounted for a further 14%.

What are the largest producers of quinoa in the world?

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The countries with the highest volumes of quinoa production in 2019 were Peru (90K tonnes), Bolivia (67K tonnes) and Ecuador (4.5K tonnes), with a combined 99% share of global production.

What are the leading suppliers of quinoa to China?

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In value terms, Peru ($87K) constituted the largest supplier of quinoa to China, comprising 59% of total imports. The second position in the ranking was occupied by Spain ($26K), with a 18% share of total imports. It was followed by Colombia, with a 16% share.

What are the leading importers of quinoa from China?

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In value terms, France ($64K) emerged as the key foreign market for quinoa exports from China, comprising 63% of total exports. The second position in the ranking was occupied by the U.S. ($20K), with a 19% share of total exports. It was followed by Canada, with a 6.6% share.

What is the average export price for quinoa in China?

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The average quinoa export price stood at $3,266 per tonne in 2019, growing by 3.5% against the previous year.

What is the average import price for quinoa in China?

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The average quinoa import price stood at $2,644 per tonne in 2019, waning by -21% against the previous year.