Global Quinoa Market 2023

Quinoa Market Size

In 2021, after three years of growth, there was significant decline in the global quinoa market, when its value decreased by -21.4% to $X. Overall, consumption, however, saw a measured increase. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the global market remained at a somewhat lower figure.

Quinoa Production

In value terms, quinoa production contracted markedly to $X in 2021 estimated in export price. Overall, production, however, saw pronounced growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 103%. As a result, production attained the peak level of $X. From 2015 to 2021, global production growth remained at a somewhat lower figure.

Peru (X tons) remains the largest quinoa producing country worldwide, accounting for 66% of total volume. Moreover, quinoa production in Peru exceeded the figures recorded by the second-largest producer, Bolivia (X tons), threefold. Spain (X tons) ranked third in terms of total production with a 6.4% share.

In Peru, quinoa production increased at an average annual rate of +10.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bolivia (-3.0% per year) and Spain (+16.8% per year).

The global average quinoa yield expanded rapidly to X tons per ha in 2021, growing by 11% against 2020. Over the period under review, the yield indicated prominent growth from 2012 to 2021: its figure increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, quinoa yield increased by +30.2% against 2016 indices. The pace of growth appeared the most rapid in 2014 when the yield increased by 65% against the previous year. The global yield peaked in 2021 and is likely to see steady growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of quinoa were harvested worldwide; declining by -21.8% against the previous year. In general, the harvested area showed a slight shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 13% against the previous year. The global harvested area peaked at X ha in 2015; however, from 2016 to 2021, the harvested area stood at a somewhat lower figure.

Quinoa Exports

Exports

Global quinoa exports dropped to X tons in 2021, with a decrease of -10.1% compared with 2020 figures. In general, total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +10.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 48%. The global exports peaked at X tons in 2020, and then shrank in the following year.

In value terms, quinoa exports fell markedly to $X in 2021. Overall, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -22.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 106% against the previous year. Over the period under review, the global exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Peru was the major exporter of quinoa in the world, with the volume of exports recording X tons, which was near 49% of total exports in 2021. Bolivia (X tons) ranks second in terms of the total exports with a 27% share, followed by Canada (5.5%). The United States (X tons), the Netherlands (X tons), Germany (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +80.2%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest quinoa supplying countries worldwide were Peru ($X), Bolivia ($X) and the United States ($X), with a combined 76% share of global exports. These countries were followed by Germany, the Netherlands, Canada and Spain, which together accounted for a further 12%.

In terms of the main exporting countries, Spain, with a CAGR of +60.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average quinoa export price stood at $X per ton in 2021, falling by -11.2% against the previous year. Overall, the export price saw a perceptible decrease. The pace of growth was the most pronounced in 2013 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.3%), while the other global leaders experienced a decline in the export price figures.

Quinoa Imports

Imports

After nine years of growth, supplies from abroad of quinoa decreased by -11.4% to X tons in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +10.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 46%. Over the period under review, global imports attained the peak figure at X tons in 2020, and then contracted in the following year.

In value terms, quinoa imports fell notably to $X in 2021. In general, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 99%. Global imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) represented the key importer of quinoa, making up 33% of total imports. Germany (X tons) took a 7.5% share (based on physical terms) of total imports, which put it in second place, followed by Canada (7.1%), France (6.8%) and the Netherlands (5.3%). The following importers - Italy (X tons), China (X tons), Australia (X tons), Spain (X tons), the UK (X tons), Russia (X tons), Chile (X tons) and Belgium (X tons) - together made up 20% of total imports.

From 2012 to 2021, average annual rates of growth with regard to quinoa imports into the United States stood at +3.9%. At the same time, China (+203.3%), Russia (+45.8%), Chile (+43.8%), Spain (+38.5%), Belgium (+29.6%), Italy (+22.9%), Germany (+19.4%), the Netherlands (+14.3%), Australia (+12.0%), the UK (+10.2%), France (+7.6%) and Canada (+5.7%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +203.3% from 2012-2021. From 2012 to 2021, the share of Germany, China, Spain, Italy, Russia and Chile increased by +3.7, +3.1, +2.4, +2.2, +1.7 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported quinoa worldwide, comprising 28% of global imports. The second position in the ranking was taken by Canada ($X), with a 9% share of global imports. It was followed by France, with an 8.1% share.

In the United States, quinoa imports contracted by an average annual rate of -1.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Canada (+1.9% per year) and France (+5.3% per year).

Import Prices by Country

In 2021, the average quinoa import price amounted to $X per ton, dropping by -15.1% against the previous year. Over the period under review, the import price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2013 an increase of 37%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+1.9%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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