China: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in China

The Chinese non-wheat groats market dropped to $X in 2021, reducing by -3.8% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Non-Wheat Groats Production in China

In value terms, non-wheat groats production declined modestly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 39% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Non-Wheat Groats Exports

Exports from China

For the fifth consecutive year, China recorded growth in overseas shipments of groats and meal of cereals (excluding wheat), which increased by 29% to X tons in 2021. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 7,443%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-wheat groats exports soared to $X in 2021. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 3,218%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

South Korea (X tons) was the main destination for non-wheat groats exports from China, accounting for a 67% share of total exports. Moreover, non-wheat groats exports to South Korea exceeded the volume sent to the second major destination, Myanmar (X tons), fivefold. The third position in this ranking was held by Bangladesh (X tons), with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea stood at +36.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+21.6% per year) and Bangladesh (+0.0% per year).

In value terms, South Korea ($X) remains the key foreign market for groats and meal of cereals (excluding wheat) exports from China, comprising 61% of total exports. The second position in the ranking was held by Myanmar ($X), with a 15% share of total exports. It was followed by Bangladesh, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea amounted to +55.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+15.0% per year) and Bangladesh (+11.3% per year).

Export Prices by Country

The average non-wheat groats export price stood at $X per ton in 2021, surging by 28% against the previous year. In general, the export price, however, saw a deep contraction. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+13.8%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Wheat Groats Imports

Imports into China

In 2021, approx. X tons of groats and meal of cereals (excluding wheat) were imported into China; waning by -53.3% against 2020 figures. Overall, imports saw a noticeable decrease. The growth pace was the most rapid in 2017 with an increase of 600% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, non-wheat groats imports fell notably to $X in 2021. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 438%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest non-wheat groats supplier to China, with a 71% share of total imports. Moreover, non-wheat groats imports from Thailand exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Thailand stood at +52.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+128.7% per year) and Brazil (+84.3% per year).

In value terms, the United States ($X), Thailand ($X) and Brazil ($X) were the largest non-wheat groats suppliers to China, together comprising 93% of total imports.

Brazil, with a CAGR of +125.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-wheat groats import price stood at $X per ton in 2021, with an increase of 12% against the previous year. In general, the import price, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2020 an increase of 40% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+36.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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