South-Eastern Asia: Grain Market 2024

Grain Market Size in South-Eastern Asia

The Southeast Asian grain market shrank modestly to $X in 2022, remaining stable against the previous year. Over the period under review, consumption, however, recorded modest growth. The pace of growth appeared the most rapid in 2018 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Grain Production in South-Eastern Asia

In value terms, grain production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, enjoyed a prominent 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 failed to regain momentum.

The countries with the highest volumes of production in 2022 were Indonesia (X tons), Vietnam (X tons) and Thailand (X tons), together comprising X% 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 most notable rate of growth in terms of production, amongst the main producing countries, was attained by 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 grain in South-Eastern Asia shrank modestly to X tons per ha, approximately reflecting the previous year. In general, the yield, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2022, the growth of the grain yield remained at a somewhat 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 grain production in South-Eastern Asia amounted to X ha, stabilizing at 2021. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Grain Exports

Exports in South-Eastern Asia

In 2022, exports of grain in South-Eastern Asia totaled X tons, growing by X% against 2021. Overall, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, grain exports totaled $X in 2022. Over the period under review, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Myanmar prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. Vietnam (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Lao People's Democratic Republic (X%) and Indonesia (X%). Thailand (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to grain exports from Myanmar stood at X%. 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. Myanmar (X p.p.), Vietnam (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Lao People's Democratic Republic saw its share reduced by X% and X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual growth rate 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, approximately mirroring the previous year. Over the last decade, 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% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell 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.

Grain Imports

Imports in South-Eastern Asia

After four years of growth, purchases abroad of grain decreased by X% to X tons in 2022. Total imports indicated a resilient 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 most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then declined in the following year.

In value terms, grain imports stood at $X in 2022. In general, imports, however, showed a resilient increase. The pace of growth appeared 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 years to come.

Imports by Country

The countries with the highest levels of grain imports in 2022 were Vietnam (X tons), Indonesia (X tons) and the Philippines (X tons), together finishing at X% of total import. Malaysia (X tons) ranks next in terms of the total imports with a X% share, followed by Thailand (X%).

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) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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, picking up by X% against the previous year. Import price indicated modest 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, grain import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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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