Asia: Grain Market 2024

Grain Market Size in Asia

The Asian grain market amounted to $X.2B in 2022, therefore, remained relatively stable against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the near future.

Grain Production in Asia

In value terms, grain production declined slightly to $X.1B in 2022 estimated in export price. The total production indicated a measured expansion 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X.3B in 2019; however, from 2020 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were China (X tons), India (X tons) and Indonesia (X tons), together accounting for X% of total production. Bangladesh, Pakistan, Vietnam, Thailand, Turkey, Myanmar and the Philippines lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Pakistan (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average grain yield shrank slightly to X tons per ha in 2022, remaining relatively unchanged against the previous year. In general, the yield, however, showed a modest increase. The pace of growth appeared the most rapid in 2015 when the yield increased by X% against the previous year. Over the period under review, the grain yield attained the peak level at X tons per ha in 2021, and then contracted in the following year. 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 grain were harvested in Asia; therefore, remained relatively stable against the previous year's figure. In general, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to grain production reached the maximum at X ha in 2021, and then shrank modestly in the following year.

Grain Exports

Exports in Asia

For the third year in a row, Asia recorded growth in shipments abroad of grain, which increased by less than X% to X tons in 2022. Over the period under review, exports recorded a mild increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, grain exports expanded significantly to $X in 2022. In general, exports recorded temperate growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

India (X tons) and Kazakhstan (X tons) prevails in exports structure, together creating X% of total exports. Myanmar (X tons) took the next position in the ranking, followed by Turkey (X tons). All these countries together took approx. X% share of total exports. Pakistan (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest grain supplying countries in Asia were India ($X), Kazakhstan ($X) and Myanmar ($X), with a combined X% share of total exports.

Among the main exporting countries, Myanmar, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, growing by X% against 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 an increase of 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 near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Turkey ($X per ton) and Myanmar ($X per ton), while Kazakhstan ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

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

Grain Imports

Imports in Asia

In 2022, after three years of growth, there was decline in supplies from abroad of grain, when their volume decreased by X% to X tons. Total imports indicated a notable expansion 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. Based on 2022 figures, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, grain imports rose significantly to $X in 2022. Overall, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons), distantly followed by Japan (X tons), South Korea (X tons), Vietnam (X tons), Turkey (X tons), Iran (X tons), Saudi Arabia (X tons) and Indonesia (X tons) represented the key importers of grain, together achieving X% of total imports. The following importers - Bangladesh (X tons), the Philippines (X tons), Taiwan (Chinese) (X tons), Malaysia (X tons) and Yemen (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to grain imports into China stood at X%. At the same time, Bangladesh (X%), Vietnam (X%), Turkey (X%), the Philippines (X%), Taiwan (Chinese) (X%), Indonesia (X%), Malaysia (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Yemen, Iran, Saudi Arabia and Japan experienced a relatively flat trend pattern. From 2012 to 2022, the share of China, Vietnam, Bangladesh, Turkey and the Philippines increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Vietnam, Turkey, Indonesia, the Philippines, Saudi Arabia, Iran, Taiwan (Chinese), Bangladesh, Malaysia and Yemen lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Bangladesh, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in Asia amounted to $X per ton, picking up by X% against the previous year. In general, the import price saw a slight expansion. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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