South-Eastern Asia: Cereal Market 2024

Cereal Market Size in South-Eastern Asia

The Southeast Asian cereal market contracted to $X in 2022, almost unchanged from the previous year. Over the period under review, consumption, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2018 when the market value increased by X%. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Cereal Production in South-Eastern Asia

In value terms, cereal production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Indonesia (X tons), Vietnam (X tons) and Thailand (X tons), with a combined X% share of total production. Myanmar, the Philippines, Cambodia and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

In 2022, the average yield of cereals in South-Eastern Asia reduced modestly to X tons per ha, approximately mirroring the previous year. In general, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the cereal 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, the total area harvested in terms of cereals production in South-Eastern Asia reached X ha, approximately equating the year before. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Cereal Exports

Exports in South-Eastern Asia

In 2022, the amount of cereals exported in South-Eastern Asia totaled X tons, with an increase of X% on the previous year's figure. Over the period under review, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, cereal exports rose slightly to $X in 2022. Overall, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

Myanmar dominates exports structure, reaching X tons, which was near X% of total exports in 2022. Vietnam (X tons) took the second position in the ranking, followed by Lao People's Democratic Republic (X tons) and Indonesia (X tons). All these countries together took approx. X% share of total exports. Thailand (X tons) followed a long way behind the leaders.

Exports from Myanmar increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Lao People's Democratic Republic (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Myanmar, Vietnam and Indonesia increased by X, X and X percentage points, respectively.

In value terms, Myanmar ($X) remains the largest cereal supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Myanmar stood at X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then contracted modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Cereal Imports

Imports in South-Eastern Asia

In 2022, after four years of growth, there was significant decline in overseas purchases of cereals, when their volume decreased by X% to X tons. Total imports indicated a prominent increase from 2012 to 2022: its volume 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. The growth pace was the most rapid in 2015 when imports increased by X%. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, cereal imports reached $X in 2022. In general, imports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The purchases of the three major importers of cereals, namely Vietnam, Indonesia and the Philippines, represented more than two-thirds of total import. It was distantly followed by Malaysia (X tons) and Thailand (X tons), together achieving a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and the Philippines ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Vietnam, 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 import price in South-Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated mild growth 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 import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Indonesia ($X per ton) and Malaysia ($X per ton), while Thailand ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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