Asia-Pacific: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in Asia-Pacific

The Asia-Pacific non-wheat groats market contracted modestly to $X in 2021, waning by -3.6% against the previous year. In general, consumption saw a noticeable decline. 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-Pacific

In value terms, non-wheat groats production fell to $X in 2021 estimated in export price. In general, production saw a perceptible downturn. The pace of growth appeared the most rapid in 2013 when the production volume increased by 13%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Non-Wheat Groats Exports

Exports in Asia-Pacific

In 2021, approx. X tons of groats and meal of cereals (excluding wheat) were exported in Asia-Pacific; increasing by 57% on the year before. Overall, exports showed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-wheat groats exports soared to $X in 2021. The total export value increased at an average annual rate of +5.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Pakistan represented the main exporting country with an export of around X tons, which reached 62% of total exports. It was distantly followed by India (X tons), committing a 31% share of total exports. South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +45.0%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest non-wheat groats supplying countries in Asia-Pacific were India ($X), Pakistan ($X) and South Korea ($X), together accounting for 82% of total exports.

Among the main exporting countries, Pakistan, with a CAGR of +29.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, shrinking by -4% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of 13%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

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-Pacific

In 2021, the amount of groats and meal of cereals (excluding wheat) imported in Asia-Pacific soared to X tons, growing by 31% compared with 2020. Over the period under review, imports, however, showed a deep slump. The growth pace was the most rapid in 2018 when imports increased by 38% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, non-wheat groats imports surged to $X in 2021. Overall, imports, however, showed a abrupt slump. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Afghanistan represented the major importing country with an import of around X tons, which finished at 56% of total imports. Thailand (X tons) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (6.5%). Malaysia (X tons), Hong Kong SAR (X tons), Cambodia (X tons), Vietnam (X tons), Taiwan (Chinese) (X tons), Nepal (X tons), Singapore (X tons) and Australia (X tons) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to non-wheat groats imports into Afghanistan stood at +58.1%. At the same time, Thailand (+73.5%), Indonesia (+62.8%), Vietnam (+26.2%), Singapore (+21.0%), Australia (+6.2%) and Hong Kong SAR (+2.3%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +73.5% from 2012-2021. By contrast, Nepal (-1.4%), Taiwan (Chinese) (-6.1%), Cambodia (-15.9%) and Malaysia (-33.5%) illustrated a downward trend over the same period. Afghanistan (+56 p.p.), Thailand (+14 p.p.), Indonesia (+6.5 p.p.), Vietnam (+1.7 p.p.) and Singapore (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Cambodia and Malaysia saw its share reduced by -3.3% and -79.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-wheat groats importing markets in Asia-Pacific were Afghanistan ($X), Thailand ($X) and Indonesia ($X), with a combined 53% share of total imports.

Thailand, with a CAGR of +72.7%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 2021, almost unchanged from the previous year. In general, the import price, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2014 when the import price increased by 11%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+4.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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