ASEAN: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in ASEAN

The ASEAN non-wheat groats market shrank to $X in 2021, waning by -7.5% against the previous year. Overall, consumption recorded a noticeable curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Non-Wheat Groats Production in ASEAN

In value terms, non-wheat groats production shrank to $X in 2021 estimated in export price. In general, production showed a noticeable decrease. The pace of growth appeared the most rapid in 2013 when the production volume increased by 27%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Non-Wheat Groats Exports

Exports in ASEAN

In 2021, shipments abroad of groats and meal of cereals (excluding wheat) increased by 32% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, continue to indicate a deep reduction. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, non-wheat groats exports surged to $X in 2021. Overall, exports, however, recorded a pronounced reduction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Lao People's Democratic Republic (X tons) was the key exporter of groats and meal of cereals (excluding wheat), achieving 68% of total exports. Thailand (X tons) held the second position in the ranking, distantly followed by Malaysia (X tons) and Singapore (X tons). All these countries together held near 26% share of total exports. The following exporters - Myanmar (X tons) and Vietnam (X tons) - each reached a 5.6% share of total exports.

Lao People's Democratic Republic was also the fastest-growing in terms of the groats and meal of cereals (excluding wheat) exports, with a CAGR of +11.4% from 2012 to 2021. At the same time, Thailand (+8.1%) displayed positive paces of growth. By contrast, Vietnam (-2.3%), Singapore (-14.9%), Malaysia (-27.2%) and Myanmar (-30.7%) illustrated a downward trend over the same period. Lao People's Democratic Republic (+58 p.p.) and Thailand (+13 p.p.) significantly strengthened its position in terms of the total exports, while Singapore, Myanmar and Malaysia saw its share reduced by -2.7%, -26.8% and -33.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Lao People's Democratic Republic ($X) remains the largest non-wheat groats supplier in ASEAN, comprising 62% of total exports. The second position in the ranking was held by Thailand ($X), with a 20% share of total exports. It was followed by Malaysia, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value in Lao People's Democratic Republic stood at +12.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+21.6% per year) and Malaysia (-21.2% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, rising by 4.7% against the previous year. Export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-wheat groats export price increased by +42.6% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by 57%. Over the period under review, the export prices reached the maximum in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+14.8%), while the other leaders experienced more modest paces of growth.

Non-Wheat Groats Imports

Imports in ASEAN

In 2021, purchases abroad of groats and meal of cereals (excluding wheat) increased by 21% to X tons, rising for the fourth year in a row after four years of decline. Over the period under review, imports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2013 when imports increased by 41% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, non-wheat groats imports surged to $X in 2021. In general, imports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2013 when imports increased by 38%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X tons) was the main importer of groats and meal of cereals (excluding wheat), comprising 46% of total imports. It was distantly followed by Indonesia (X tons), Malaysia (X tons), Cambodia (X tons), Vietnam (X tons) and Singapore (X tons), together mixing up a 52% share of total imports.

Thailand was also the fastest-growing in terms of the groats and meal of cereals (excluding wheat) imports, with a CAGR of +73.5% from 2012 to 2021. At the same time, Indonesia (+62.8%), Vietnam (+26.2%) and Singapore (+21.0%) displayed positive paces of growth. By contrast, Cambodia (-15.9%) and Malaysia (-33.5%) illustrated a downward trend over the same period. While the share of Thailand (+46 p.p.), Indonesia (+21 p.p.), Vietnam (+5.9 p.p.) and Singapore (+5.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Malaysia (-80.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported groats and meal of cereals (excluding wheat) in ASEAN, comprising 45% of total imports. The second position in the ranking was held by Indonesia ($X), with a 16% share of total imports. It was followed by Malaysia, with a 14% share.

In Thailand, non-wheat groats imports increased at an average annual rate of +72.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Indonesia (+57.9% per year) and Malaysia (-30.9% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, with an increase of 4.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2015 an increase of 11%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

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 Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+4.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform