Japan: Barley Market 2024

Barley Market Size in Japan

In 2022, the Japanese barley market increased by 25% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Barley Production in Japan

In value terms, barley production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a significant expansion. The growth pace was the most rapid in 2014 when the production volume increased by 4,607%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

The average yield of barley in Japan shrank to X tons per ha in 2022, with a decrease of -3.2% against the year before. The yield figure increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 26%. Over the period under review, the average barley yield attained the peak level at X tons per ha in 2021, and then fell modestly 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 barley were harvested in Japan; therefore, remained relatively stable against the previous year's figure. Over the period under review, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 3.4%. As a result, the harvested area reached the peak level of X ha. From 2021 to 2022, the growth of the barley harvested area remained at a lower figure.

Barley Exports

Exports from Japan

In 2022, overseas shipments of barley increased by 87% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 208% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, barley exports soared to $X in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 183% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X tons), the United States (X tons) and Hong Kong SAR (X tons) were the main destinations of barley exports from Japan, with a combined 99% share of total exports.

From 2014 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +89.6%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) emerged as the key foreign market for barley exports from Japan, comprising 66% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 19% share of total exports. It was followed by the United States, with a 13% share.

From 2014 to 2022, the average annual rate of growth in terms of value to Taiwan (Chinese) stood at +86.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+28.8% per year) and the United States (+21.5% per year).

Export Prices by Country

In 2022, the average barley export price amounted to $X per ton, declining by -20.2% against the previous year. Overall, the export price saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 an increase of 69% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-0.8%), while the prices for the other major destinations experienced a decline.

Barley Imports

Imports into Japan

In 2022, approx. X tons of barley were imported into Japan; with an increase of 7.6% compared with the previous year. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, barley imports surged to $X in 2022. In general, imports recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2013; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Australia (X tons) was the main barley supplier to Japan, accounting for a 94% share of total imports. Moreover, barley imports from Australia exceeded the figures recorded by the second-largest supplier, Canada (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Australia totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-17.4% per year) and the United States (-13.4% per year).

In value terms, Australia ($X) constituted the largest supplier of barley to Japan, comprising 92% of total imports. The second position in the ranking was held by Canada ($X), with a 6.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Australia amounted to +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-15.0% per year) and the United States (-8.8% per year).

Import Prices by Country

The average barley import price stood at $X per ton in 2022, jumping by 26% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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