China: Quinoa Market Overview 2021

Quinoa Market Size in China

The Chinese quinoa market soared to $X in 2020, growing by X% against the previous year. In general, consumption recorded a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Quinoa consumption peaked in 2020 and is expected to retain growth in the immediate term.

Quinoa Production in China

In value terms, quinoa production rose sharply to $X in 2020 estimated in export prices. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. from 2015 to 2020, production growth failed to regain the momentum.

In 2020, the average yield of quinoa in China amounted to X kg per ha, approximately equating the previous year. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The quinoa harvested area in China amounted to X ha in 2020, stabilizing at 2019 figures. Over the period under review, the harvested area saw a relatively flat trend pattern.

Quinoa Exports

Exports from China

In 2020, shipments abroad of quinoa decreased by -X% to X tonnes, falling for the fourth consecutive year after two years of growth. In general, exports saw a sharp curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

In value terms, quinoa exports dropped rapidly to $X in 2020. Overall, exports showed a dramatic decrease. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. As a result, exports attained the peak of $X. from 2015 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Macao SAR (X tonnes) was the main destination for quinoa exports from China, with a X% share of total exports. Moreover, quinoa exports to Macao SAR exceeded the volume sent to the second major destination, Viet Nam (X kg), threefold.

From 2012 to 2020, the average annual rate of growth in terms of volume to Macao SAR totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Viet Nam (X% per year) and Thailand (+X% per year).

In value terms, Macao SAR ($X) remains the key foreign market for quinoa exports from China, comprising X% of total exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total exports.

From 2012 to 2020, the average annual growth rate of value to Macao SAR amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+X% per year) and Viet Nam (X% per year).

Export Prices by Country

The average quinoa export price stood at $X per tonne in 2020, jumping by X% against the previous year. Overall, the export price posted a notable expansion. The growth pace was the most rapid 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 2020, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Thailand ($X per tonne), while the average price for exports to Viet Nam ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Thailand, while the prices for the other major destinations experienced more modest paces of growth.

Quinoa Imports

Imports into China

Quinoa imports into China soared to X tonnes in 2020, rising by X% against the previous year. Over the period under review, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, quinoa imports soared to $X in 2020. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Bolivia (X tonnes) was the main quinoa supplier to China, with a X% share of total imports. Moreover, quinoa imports from Bolivia exceeded the figures recorded by the second-largest supplier, Peru (X tonnes), tenfold.

From 2012 to 2020, the average annual rate of growth in terms of volume from Bolivia totaled +X%.

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

From 2012 to 2020, the average annual rate of growth in terms of value from Bolivia amounted to +X%.

Import Prices by Country

In 2020, the average quinoa import price amounted to $X per tonne, approximately equating the previous year. In general, the import price showed a deep contraction. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Peru ($X per tonne), while the price for Bolivia totaled $X per tonne.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Peru.

Source: IndexBox Platform