Asia: Grain Market 2025

Grain Market Size in Asia

After two years of growth, the Asian grain market decreased by X% to $X.7B in 2022. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X.9B in 2021, and then dropped slightly in the following year.

Grain Production in Asia

In value terms, grain production shrank slightly to $X.7B in 2022 estimated in export price. The total production indicated perceptible growth 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 most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X.4B in 2019; however, from 2020 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were China (X tons), India (X tons) and Indonesia (X tons), with a combined X% share of total production. Bangladesh, Pakistan, Vietnam, Thailand, Turkey, Myanmar and the Philippines lagged somewhat behind, together comprising 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 grain in Asia declined modestly to X tons per ha, therefore, remained relatively stable against the previous year's figure. In general, the yield, however, showed mild growth. The most prominent rate of growth was recorded in 2015 when the yield increased by X%. The level of yield peaked at X tons per ha in 2021, and then shrank slightly 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.

In 2022, the harvested area of grain in Asia declined slightly to X ha, leveling off at the year before. Over the period under review, 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% against the previous year. Over the period under review, the harvested area dedicated to grain production attained the maximum at X ha in 2021, and then contracted modestly in the following year.

Grain Exports

Exports in Asia

After two years of growth, overseas shipments of grain decreased by X% to X tons in 2022. In general, exports, however, continue to indicate modest growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, grain exports reached $X in 2022. Overall, exports, however, recorded a pronounced increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

India (X tons) and Kazakhstan (X tons) prevails in exports structure, together comprising X% of total exports. Myanmar (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%). Pakistan (X tons) held a little share of total exports.

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

In value terms, the largest grain supplying countries in Asia were India ($X), Kazakhstan ($X) and Myanmar ($X), together accounting for X% of total exports.

Myanmar, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries 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, with an increase of X% against the previous year. Over the last decade, 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.

Grain Imports

Imports in Asia

After ten years of growth, purchases abroad of grain decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, grain imports rose modestly to $X in 2022. Total imports indicated a prominent 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue 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) represented the main importers of grain, together mixing up 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.

Imports into China increased at an average annual rate of X% from 2012 to 2022. 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 grain importing markets in Asia were China ($X), Japan ($X) and South Korea ($X), together comprising 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%, saw the highest growth rate of 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, picking up by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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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