Japan: Grain Market 2024

Grain Market Size in Japan

In 2022, the Japanese grain market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. Grain consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Grain Production in Japan

In value terms, grain production contracted to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

In 2022, the average yield of grain in Japan contracted slightly to X tons per ha, which is down by X% compared with 2021. Overall, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the yield attained the peak level of X tons per ha, and then declined 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 total area harvested in terms of grain production in Japan stood at X ha, remaining constant against the year before. In general, the harvested area, however, saw a relatively flat trend pattern. The grain harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

Grain Exports

Exports from Japan

In 2022, shipments abroad of grain decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, grain exports declined sharply to $X in 2022. Overall, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for grain exports from Japan, accounting for a X% share of total exports. Moreover, grain exports to Hong Kong SAR exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The third position in this ranking was taken by Malaysia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Malaysia (X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for grain exports from Japan, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the average grain export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price saw notable growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Switzerland ($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 Samoa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Grain Imports

Imports into Japan

After three years of decline, purchases abroad of grain increased by X% to X tons in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, grain imports skyrocketed to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of grain to Japan, accounting for a X% share of total imports. Moreover, grain imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. Australia (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 totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Australia (X% per year).

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

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

Import Prices by Country

The average grain import price stood at $X per ton in 2022, jumping by X% against the previous year. In general, import price indicated a modest increase 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 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :