Asia: Cereal Market 2025

Cereal Market Size in Asia

In 2022, after two years of growth, there was decline in the Asian cereal market, when its value decreased by X% to $X.7B. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X.9B in 2021, and then fell modestly in the following year.

Cereal Production in Asia

In value terms, cereal production reduced slightly to $X.7B in 2022 estimated in export price. The total production indicated a notable increase 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 pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X.4B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were China (X tons), India (X tons) and Indonesia (X tons), together comprising 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 biggest increases were recorded for Pakistan (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of cereals in Asia declined modestly to X tons per ha, almost unchanged from the previous year's figure. Overall, the yield, however, saw modest growth. The growth pace was the most rapid in 2015 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2021, and then dropped modestly 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.

The cereal harvested area contracted to X ha in 2022, standing approx. at the year before. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of harvested area peaked at X ha in 2021, and then fell in the following year.

Cereal Exports

Exports in Asia

After two years of growth, shipments abroad of cereals decreased by X% to X tons in 2022. Overall, exports, however, recorded slight growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, cereal exports rose significantly to $X in 2022. In general, exports, however, continue to indicate a measured increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

India (X tons) and Kazakhstan (X tons) dominates exports structure, together generating X% of total exports. Myanmar (X tons) held 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) followed a long way behind the leaders.

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

In value terms, India ($X), Kazakhstan ($X) and Myanmar ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of 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 period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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.

Cereal Imports

Imports in Asia

In 2022, overseas purchases of cereals decreased by X% to X tons for the first time since 2011, thus ending a ten-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, cereal imports amounted to $X in 2022. Total imports indicated a strong 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, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X tons), distantly followed by Japan (X tons), South Korea (X tons), Vietnam (X tons), Turkey (X tons), Saudi Arabia (X tons), Indonesia (X tons) and Iran (X tons) were the key importers of cereals, together creating X% of total imports. Bangladesh (X tons), the Philippines (X tons), Malaysia (X tons), Yemen (X tons) and Israel (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cereal imports into China stood at X%. At the same time, Bangladesh (X%), Vietnam (X%), Turkey (X%), the Philippines (X%), Indonesia (X%), South Korea (X%) and Malaysia (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, Israel, Saudi Arabia and Japan experienced a relatively flat trend pattern. By contrast, Iran (X%) illustrated a downward trend over the same period. 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, the largest cereal importing markets in Asia were China ($X), Japan ($X) and South Korea ($X), together accounting for X% of total imports. Turkey, Indonesia, Vietnam, the Philippines, Saudi Arabia, Iran, Bangladesh, Malaysia, Israel and Yemen lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Bangladesh, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in Asia stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform

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