China: Grain Market 2025

Grain Market Size in China

The Chinese grain market declined slightly to $X in 2022, standing approx. at the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Grain consumption peaked at $X in 2021, and then dropped modestly in the following year.

Grain Production in China

In value terms, grain production declined to $X in 2022 estimated in export price. In general, the total production indicated a mild 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, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

In 2022, the average yield of cereal grains in China dropped slightly to X tons per ha, remaining relatively unchanged against the previous year. In general, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the average grain yield hit record highs at X tons per ha in 2021, and then contracted 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, approx. X ha of cereal grains were harvested in China; remaining relatively unchanged against 2021 figures. Overall, the harvested area, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2016 to 2022, the growth of the grain harvested area remained at a somewhat lower figure.

Grain Exports

Exports from China

For the third consecutive year, China recorded decline in shipments abroad of cereal grains, which decreased by X% to X tons in 2022. Over the period under review, exports showed a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, grain exports dropped to $X in 2022. Overall, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Pakistan (X tons), Japan (X tons) and South Korea (X tons) were the main destinations of grain exports from China, with a combined X% share of total exports. The Philippines, Vietnam, Ethiopia, Kyrgyzstan, Taiwan (Chinese), Eritrea, Indonesia, Germany and Myanmar lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grain exported from China were Pakistan ($X), the Philippines ($X) and Vietnam ($X), together comprising X% of total exports. Japan, South Korea, Germany, Indonesia, Ethiopia, Taiwan (Chinese), Eritrea, Kyrgyzstan and Myanmar lagged somewhat behind, together comprising a further X%.

Kyrgyzstan, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average grain export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while the average price for exports to Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Grain Imports

Imports into China

After two years of growth, supplies from abroad of cereal grains decreased by X% to X tons in 2022. Overall, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell slightly in the following year.

In value terms, grain imports dropped to $X in 2022. In general, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest grain supplier to China, with a X% share of total imports. Moreover, grain imports from the United States exceeded the figures recorded by the second-largest supplier, Australia (X tons), threefold. The third position in this ranking was taken by Ukraine (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and Ukraine (X% per year).

In value terms, the United States ($X) constituted the largest supplier of cereal grains to China, comprising X% of total imports. The second position in the ranking was taken by Australia ($X), with a X% share of total imports. It was followed by Ukraine, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and Ukraine (X% per year).

Import Prices by Country

The average grain import price stood at $X per ton in 2022, remaining stable against the previous year. In general, import price indicated temperate growth from 2012 to 2022: its price 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, grain import price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then shrank in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Canada ($X per ton) and the United States ($X per ton), while the price for Ukraine ($X per ton) and Argentina ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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