Eastern Asia: Grain Market 2025

Grain Market Size in Eastern Asia

The East Asian grain market shrank slightly to $X in 2022, flattening at the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Grain Production in Eastern Asia

In value terms, grain production dropped modestly to $X in 2022 estimated in export price. The total production indicated a slight 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 pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

China (X tons) constituted the country with the largest volume of grain production, comprising approx. X% of total volume. It was followed by Japan (X tons), with a X% share of total production.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled X%.

The average grain yield dropped slightly to X tons per ha in 2022, therefore, remained relatively stable against 2021 figures. Overall, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2021, and then fell 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 grain were harvested in Eastern Asia; remaining constant 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 2015 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2016 to 2022, the growth of the grain harvested area failed to regain momentum.

Grain Exports

Exports in Eastern Asia

In 2022, grain exports in Eastern Asia shrank to X tons, which is down by X% against 2021. Over the period under review, exports showed a abrupt setback. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, grain exports reduced to $X in 2022. In general, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2017 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2022. South Korea (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to grain exports from China stood at X%. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of South Korea increased by X percentage points.

In value terms, China ($X) remains the largest grain supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China totaled X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while South Korea amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Grain Imports

Imports in Eastern Asia

In 2022, purchases abroad of grain decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total imports indicated a moderate 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 2019 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, grain imports expanded modestly to $X in 2022. In general, imports, however, showed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) was the main importer of grain, achieving X% of total imports. Japan (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%).

China was also the fastest-growing in terms of the grain imports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, the largest grain importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), together comprising X% of total imports.

In terms of the main importing countries, China, 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 Eastern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Import price indicated a modest 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, grain import price increased by X% against 2016 indices. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while China ($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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