Eastern Asia: Cereal Germ Market 2024

Cereal Germ Market Size in Eastern Asia

The East Asian cereal germ market amounted to $X in 2022, growing by X% against the previous year. In general, consumption enjoyed a remarkable increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Cereal Germ Production in Eastern Asia

In value terms, cereal germ production rose notably to $X in 2022 estimated in export price. Over the period under review, production recorded a resilient increase. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Cereal Germ Exports

Exports in Eastern Asia

In 2022, the amount of cereal germ exported in Eastern Asia contracted markedly to X tons, waning by X% on the previous year. Overall, exports saw a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, cereal germ exports contracted sharply to $X in 2022. In general, exports recorded a deep setback. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China represented the largest exporting country with an export of around X tons, which recorded X% of total exports. South Korea (X tons) took the second position in the ranking, distantly followed by Taiwan (Chinese) (X tons) and Japan (X tons). All these countries together took near X% share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%) and Japan (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. South Korea (X p.p.), China (X p.p.) and Japan (X p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest cereal germ supplying countries in Eastern Asia were China ($X), South Korea ($X) and Taiwan (Chinese) ($X), with a combined X% share of total exports.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced mixed trends in the export price figures.

Cereal Germ Imports

Imports in Eastern Asia

In 2022, supplies from abroad of cereal germ increased by X% to X tons, rising for the third year in a row after two years of decline. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, cereal germ imports soared to $X in 2022. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

South Korea prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2022. Japan (X tons) and China (X tons) held a little share of total imports.

Imports into South Korea increased at an average annual rate of X% from 2012 to 2022. At the same time, China (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. South Korea (X p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported cereal germ in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in South Korea amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2015 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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