Northern America: Cereal Market 2024

Cereal Market Size in Northern America

In 2022, after two years of decline, there was significant growth in the North American cereal market, when its value increased by X% to $X. In general, consumption, however, continues to indicate a mild descent. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Cereal Production in Northern America

In value terms, cereal production reached $X in 2022 estimated in export price. Overall, production recorded a pronounced decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The United States (X tons) constituted the country with the largest volume of cereal production, comprising approx. X% of total volume. Moreover, cereal production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tons), eightfold.

In the United States, cereal production increased at an average annual rate of X% over the period from 2012-2022.

In 2022, the average cereal yield in Northern America amounted to X tons per ha, almost unchanged from 2021. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2016; however, from 2017 to 2022, 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.

In 2022, approx. X ha of cereals were harvested in Northern America; remaining relatively unchanged against the previous year. Over the period under review, the harvested area recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to cereal production reached the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

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Cereal Exports

Exports in Northern America

In 2022, after two years of growth, there was significant decline in shipments abroad of cereals, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then fell dramatically in the following year.

In value terms, cereal exports reached $X in 2022. Total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, the United States (X tons) represented the major exporter of cereals, generating X% of total exports. It was distantly followed by Canada (X tons), mixing up a X% share of total exports.

The United States was also the fastest-growing in terms of the cereals exports, with a CAGR of X% from 2012 to 2022. Canada experienced a relatively flat trend pattern. The United States (X p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest cereal supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to X%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, picking up by X% against the previous year. Export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal export price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Cereal Imports

Imports in Northern America

In 2022, purchases abroad of cereals increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, cereal imports skyrocketed to $X in 2022. Total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Canada (X tons) and the United States (X tons) represented the key importer of cereals in Northern America, mixing up X% of total import.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%).

In value terms, the United States ($X) and Canada ($X) constituted the countries with the highest levels of imports in 2022.

Canada, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, jumping by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

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