China: Cereal Market 2025

Cereal Market Size in China

The Chinese cereal market declined slightly to $X in 2022, remaining constant against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then dropped slightly in the following year.

Cereal Production in China

In value terms, cereal production declined modestly to $X in 2022 estimated in export price. In general, the total production indicated a modest 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 most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The average yield of cereals in China declined to X tons per ha in 2022, remaining relatively unchanged against the previous year. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the yield increased by X% against the previous year. Over the period under review, the average cereal yield attained the peak level 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, the cereal harvested area in China contracted to X ha, standing approx. at the previous year's figure. Overall, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha. From 2016 to 2022, the growth of the cereal harvested area remained at a lower figure.

Cereal Exports

Exports from China

Cereal exports from China dropped to X tons in 2022, waning by X% against the previous year's figure. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cereal exports contracted to $X in 2022. In general, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Pakistan (X tons), Japan (X tons) and South Korea (X tons) were the main destinations of cereal 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 cereal exported from China were Pakistan ($X), the Philippines ($X) and Vietnam ($X), with a combined X% share 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%, saw the highest growth rate of the value of exports, in terms of 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 cereal export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price saw a remarkable increase. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, 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.

Cereal Imports

Imports into China

In 2022, supplies from abroad of cereals decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, cereal imports contracted to $X in 2022. In general, imports, however, recorded a buoyant expansion. 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 shrank in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest cereal supplier to China, with a X% share of total imports. Moreover, cereal imports from the United States exceeded the figures recorded by the second-largest supplier, Australia (X tons), threefold. Ukraine (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to 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 ($X) constituted the largest supplier of cereals to China, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports. It was followed by Ukraine, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to 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 cereal import price stood at $X per ton in 2022, remaining stable against the previous year. In general, import price indicated a noticeable expansion 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, cereal import price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then contracted in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from 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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