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Australia - Cereal Grains - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Mar 1, 2025

Australia - Cereal Grains - Market Analysis, Forecast, Size, Trends And Insights

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Feb 10, 2025

Australia's Grain Exports Drop by 5%, Totaling $12.6B in 2024

Australia Grain Exports

In 2024, overseas shipments of cereal grains decreased by -28.3% to 29M tons for the first time since 2019, thus ending a four-year rising trend. In general, exports, however, saw a modest expansion. The most prominent rate of growth was recorded in 2021 with an increase of 142%. The exports peaked at 41M tons in 2023, and then contracted remarkably in the following year.

In value terms, cereal grain exports reduced sharply to $8.3B (IndexBox estimates) in 2024. Over the period under review, exports, however, showed a mild expansion. The growth pace was the most rapid in 2021 with an increase of 162% against the previous year. Over the period under review, the exports attained the maximum at $13.3B in 2022; however, from 2023 to 2024, the exports stood at a somewhat lower figure.Australia Grain Exports By Country (Million USD)

COUNTRYExport Value of Grain in Australia (million USD)
2014201520162017201820192020202120222023
China6941,3968121,5411,2705069411,3342,7463,701
Indonesia1,1361,0327331,0485262172421,3231,4741,326
Vietnam4053333374372662603051,0131,1291,063
Philippines1531662233743294591866651,167959
South Korea336295278268274305302345781793
Thailand14112996.6126138208263444299789
Japan335267303426465390374682895749
Others3,8772,5122,1592,1561,3129241,1003,9384,7923,210
Total7,0766,1294,9416,3764,5793,2683,7129,74413,28412,590

Exports by Country

China (12M tons) was the main destination for cereal grain exports from Australia, with a 29% share of total exports. Moreover, cereal grain exports to China exceeded the volume sent to the second major destination, Indonesia (4.3M tons), threefold. Vietnam (3.4M tons) ranked third in terms of total exports with an 8.4% share.

From 2014 to 2023, the average annual growth rate of volume to China stood at +19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+0.7% per year) and Vietnam (+10.5% per year).

In value terms, China ($3.7B) remains the key foreign market for cereal grains exports from Australia, comprising 29% of total exports. The second position in the ranking was taken by Indonesia ($1.3B), with an 11% share of total exports. It was followed by Vietnam, with an 8.4% share.

From 2014 to 2023, the average annual growth rate of value to China amounted to +20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+1.7% per year) and Vietnam (+11.3% per year).

Exports by Type

Wheat (20M tons) was the largest type of cereal grains exported from Australia, with a 69% share of total exports. Moreover, wheat exceeded the volume of the second product type, barley (6.1M tons), threefold. Sorghum (2.4M tons) ranked third in terms of total exports with an 8.3% share.

From 2014 to 2024, the average annual growth rate of the volume of wheat exports stood at +1.0%. With regard to the other exported products, the following average annual rates of growth were recorded: barley (-0.1% per year) and sorghum (+21.0% per year).

In value terms, wheat ($5.8B) remains the largest type of cereal grains exported from Australia, comprising 70% of total exports. The second position in the ranking was held by barley ($1.6B), with a 19% share of total exports. It was followed by sorghum, with an 8.5% share.

From 2014 to 2024, the average annual rate of growth in terms of the value of wheat exports was relatively modest. With regard to the other exported products, the following average annual rates of growth were recorded: barley (+0.1% per year) and sorghum (+20.7% per year).

Export Prices by Country

In 2024, the grain price stood at $310 per ton in 2023 (FOB, Australia), shrinking by -7.4% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of 25%. As a result, the export price reached the peak level of $335 per ton, and then dropped in the following year.

Average prices varied noticeably for the major external markets. In 2023, amid the top suppliers, the countries with the highest prices were South Korea ($330 per ton) and Malaysia ($316 per ton), while the average price for exports to Saudi Arabia ($265 per ton) and Japan ($297 per ton) were amongst the lowest.

From 2014 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the grain market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 108 - Cereals, nes
  • FCL 103 - Mixed grain
  • FCL 92 - Quinoa
  • FCL 15 - Wheat
  • FCL 71 - Rye
  • FCL 44 - Barley
  • FCL 75 - Oats
  • FCL 56 - Maize
  • FCL 27 - Rice, paddy
  • FCL 83 - Sorghum
  • FCL 89 - Buckwheat
  • FCL 101 - Canary seed
  • FCL 94 - Fonio
  • FCL 97 - Triticale
  • FCL 79 - Millet

Country coverage:

  • Australia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Australia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2024
    23. Production, In Value Terms, 2012–2024
    24. Area Harvested, 2012–2024
    25. Yield, 2012–2024
    26. Imports, In Physical Terms, 2012–2024
    27. Imports, In Value Terms, 2012–2024
    28. Imports, In Physical Terms, By Country, 2024
    29. Imports, In Physical Terms, By Country, 2012–2024
    30. Imports, In Value Terms, By Country, 2012–2024
    31. Import Prices, By Country Of Origin, 2012–2024
    32. Exports, In Physical Terms, 2012–2024
    33. Exports, In Value Terms, 2012–2024
    34. Exports, In Physical Terms, By Country, 2024
    35. Exports, In Physical Terms, By Country, 2012–2024
    36. Exports, In Value Terms, By Country, 2012–2024
    37. Export Prices, By Country Of Destination, 2012–2024

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