China - Cereal Grains - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

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

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Grain Prices in China

China Grain Import Prices by Type

In September 2022, the import price in China amounted to $395 per ton, surging by 4.8% against the previous month. Over the last eight-month period, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in August 2022 when the import price increased by 5.7% m-o-m. China import price peaked in September 2022.

There were significant differences in the average prices amongst the major imported products. In September 2022, the product with the highest price was millet ($16.3 per kg), while the price for oats ($304 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by paddy rice (+103.6%), while the other products experienced more modest paces of growth.

China Grain Imports

In December 2022, supplies from abroad of cereal grains decreased by 0% to less than 0.1 kg for the first time since May 2022, thus ending a six-month declining trend. The growth pace was the most rapid in March 2022 when imports increased by 36% against the previous month. China imports peaked at 6.1M tons in January 2022; however, from February 2022 to December 2022, imports failed to regain momentum.

In value terms, grain imports amounted to less than $0.1 (IndexBox estimates) in December 2022. The most prominent rate of growth was recorded in March 2022 when imports increased by 40% against the previous month. Over the period under review, imports attained the peak figure at 2M tons in January 2022; however, from February 2022 to December 2022, imports stood at a somewhat lower figure.

China Grain Imports by Type

In September 2022, maize (1.5M tons) represented the main type of cereal grains, making up 47% of total imports. It was distantly followed by sorghum (920K tons), wheat (364K tons) and barley (362K tons), together making up a 51% share of total imports. Oats (51K tons) took a minor share of total imports.

From January 2022 to September 2022, the most notable rate of growth in terms of purchases, amongst the main imported products, was attained by oat (with a CAGR of +14.7%), while imports for the other products experienced more modest paces of growth.

In value terms, the largest types of imported cereal grains were maize ($642M), sorghum ($342M) and wheat ($140M), together comprising 88% of total imports. Barley, oats, canary seed, quinoa, other cereals and millet lagged somewhat behind, together comprising a further 12%.

China Grain Imports by Country

In 2021, the United States (47M tons) constituted the largest supplier of grain to China, with a 78% share of total imports. Moreover, grain imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (6.1M tons), eightfold. The third position in this ranking was held by Ukraine (5.6M tons), with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +23.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+27.0% per year) and Ukraine (+125.9% per year).

In value terms, the United States ($8.6B) constituted the largest supplier of grain to China, comprising 48% of total imports. The second position in the ranking was held by Ukraine ($3.3B), with an 18% share of total imports. It was followed by Canada, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+88.9% per year) and Canada (+23.8% per year).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the grain market in China. 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:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • 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 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    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 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    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, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Grain - China