Asia: Cereal Germ Market 2024

Cereal Germ Market Size in Asia

In 2021, the Asian cereal germ market decreased by -5% to $X for the first time since 2015, thus ending a five-year rising trend. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then fell in the following year.

Cereal Germ Production in Asia

In value terms, cereal germ production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when the production volume increased by 12%. As a result, production reached the peak level of $X, and then reduced in the following year.

Cereal Germ Exports

Exports in Asia

In 2021, cereal germ exports in Asia fell notably to X tons, with a decrease of -23.2% against 2020. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 74%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, cereal germ exports fell significantly to $X in 2021. In general, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of 46% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia prevails in exports structure, amounting to X tons, which was near 81% of total exports in 2021. It was distantly followed by India (X tons), achieving a 5% share of total exports. The following exporters - Kazakhstan (X tons), Taiwan (Chinese) (X tons) and China (X tons) - each recorded a 9.2% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to cereal germ exports from Indonesia stood at +2.3%. At the same time, India (+5.7%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +5.7% from 2012-2021. China and Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Kazakhstan (-17.3%) illustrated a downward trend over the same period. Indonesia (+19 p.p.) and India (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -14.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest cereal germ supplier in Asia, comprising 60% of total exports. The second position in the ranking was held by India ($X), with a 13% share of total exports. It was followed by China, with a 6.2% share.

In Indonesia, cereal germ exports shrank by an average annual rate of -2.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+9.0% per year) and China (+1.8% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, increasing by 9.8% against the previous year. Over the period under review, the export price, however, saw a pronounced setback. The pace of growth appeared the most rapid in 2018 an increase of 18% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+5.1%), while the other leaders experienced more modest paces of growth.

Cereal Germ Imports

Imports in Asia

In 2021, cereal germ imports in Asia skyrocketed to X tons, picking up by 31% compared with the previous year's figure. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +9.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +64.0% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cereal germ imports soared to $X in 2021. Overall, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey dominates imports structure, amounting to X tons, which was approx. 95% of total imports in 2021. South Korea (X tons) took a minor share of total imports.

Imports into Turkey increased at an average annual rate of +9.4% from 2012 to 2021. At the same time, South Korea (+30.0%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia, with a CAGR of +30.0% from 2012-2021. South Korea (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while Turkey saw its share reduced by -2% from 2012 to 2021, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported cereal germ in Asia, comprising 94% of total imports. The second position in the ranking was taken by South Korea ($X), with a 2.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Turkey totaled +8.6%.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, growing by 39% against the previous year. Over the period under review, the import price, however, showed a slight slump. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while South Korea amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-0.8%).

Source: IndexBox Platform

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