Asia: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in Asia

The Asian non-wheat groats market reduced to $X in 2021, falling by -3.7% against the previous year. In general, consumption continues to indicate a mild setback. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Non-Wheat Groats Production in Asia

In value terms, non-wheat groats production fell to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 12%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Non-Wheat Groats Exports

Exports in Asia

In 2021, shipments abroad of groats and meal of cereals (excluding wheat) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports posted a buoyant increase. The growth pace was the most rapid in 2013 when exports increased by 66%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, non-wheat groats exports surged to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 62% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Pakistan (X tons), Turkey (X tons) and India (X tons), together recording 92% of total export. The following exporters - Oman (X tons) and South Korea (X tons) - each amounted to a 3.6% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +88.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest non-wheat groats supplying countries in Asia were Turkey ($X), India ($X) and Pakistan ($X), together accounting for 82% of total exports. These countries were followed by South Korea and Oman, which together accounted for a further 6.9%.

In terms of the main exporting countries, Oman, with a CAGR of +67.5%, saw the highest rates of growth with regard to 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 2021, the export price in Asia amounted to $X per ton, with an increase of 2% against the previous year. Overall, the export price, however, saw a abrupt shrinkage. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-1.9%), while the other leaders experienced a decline in the export price figures.

Non-Wheat Groats Imports

Imports in Asia

In 2021, purchases abroad of groats and meal of cereals (excluding wheat) increased by 41% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw a slight expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 46% 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 lower figure.

In value terms, non-wheat groats imports soared to $X in 2021. In general, imports, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 42% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Saudi Arabia represented the major importer of groats and meal of cereals (excluding wheat) in Asia, with the volume of imports accounting for X tons, which was near 37% of total imports in 2021. Afghanistan (X tons) took a 19% share (based on physical terms) of total imports, which put it in second place, followed by Iraq (8.2%), Israel (5.8%) and Thailand (4.8%). The following importers - Yemen (X tons), Indonesia (X tons), Lebanon (X tons) and Jordan (X tons) - together made up 10% of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +73.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported groats and meal of cereals (excluding wheat) in Asia, comprising 33% of total imports. The second position in the ranking was held by Israel ($X), with a 9.1% share of total imports. It was followed by Iraq, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value in Saudi Arabia stood at +40.7%. In the other countries, the average annual rates were as follows: Israel (-5.1% per year) and Iraq (-0.1% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, falling by -2.9% against the previous year. Over the period under review, the import price recorded a noticeable reduction. The growth pace was the most rapid in 2020 an increase of 5.2% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+0.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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