Asia-Pacific: Grain Market 2025

Grain Market Size in Asia-Pacific

In 2022, the Asia-Pacific grain market decreased by X% to $X.2B for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X.3B in 2021, and then dropped modestly in the following year.

Grain Production in Asia-Pacific

In value terms, grain production declined slightly to $X.5B in 2022 estimated in export price. The total production indicated a measured 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 growth pace was the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X.3B 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, Australia, Pakistan, Vietnam, Thailand, Myanmar and the Philippines lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Pakistan (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average grain yield amounted to X tons per ha in 2022, remaining stable against 2021 figures. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when the yield increased by X%. The level of yield peaked in 2022 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of grain production in Asia-Pacific shrank to X ha, therefore, remained relatively stable against the previous year's figure. Overall, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the harvested area attained the peak level of X ha, and then contracted modestly in the following year.

Grain Exports

Exports in Asia-Pacific

In 2022, shipments abroad of grain increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, exports recorded a measured expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, grain exports soared to $X in 2022. Over the period under review, exports recorded a moderate expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

In 2022, Australia (X tons) represented the largest exporter of grain, comprising X% of total exports. It was distantly followed by India (X tons), creating a X% share of total exports. The following exporters - Myanmar (X tons) and Pakistan (X tons) - together made up X% of total exports.

Exports from Australia increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%), Pakistan (X%) and India (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Myanmar (X p.p.) and Australia (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest grain supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Myanmar, with a X% share.

In Australia, grain exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (X% per year) and Myanmar (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, jumping 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 Myanmar ($X per ton) and Australia ($X per ton), while Pakistan ($X per ton) and India ($X per ton) were amongst the lowest.

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

Grain Imports

Imports in Asia-Pacific

In 2022, after three years of growth, there was significant decline in supplies from abroad of grain, when their volume decreased by X% to X tons. Total imports indicated a buoyant expansion from 2012 to 2022: its volume 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 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, grain imports rose slightly to $X in 2022. Overall, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) represented the major importer of grain, generating X% of total imports. Japan (X tons) ranks second in terms of the total imports with a X% share, followed by South Korea (X%), Vietnam (X%), Indonesia (X%), Bangladesh (X%) and the Philippines (X%).

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%), Vietnam (X%), the Philippines (X%), Indonesia (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Japan experienced a relatively flat trend pattern. While the share of China (X p.p.), Vietnam (X p.p.), Bangladesh (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (X p.p.), South Korea (X p.p.) and Japan (X p.p.) displayed negative dynamics.

In value terms, the largest grain importing markets in Asia-Pacific were China ($X), Japan ($X) and South Korea ($X), with a combined X% share of total imports. Indonesia, Vietnam, the Philippines and Bangladesh lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Bangladesh, with a CAGR of X%, saw 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-Pacific stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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