Northern America: Non-Wheat Cereal Pellets Market 2024

Non-Wheat Cereal Pellets Market Size in Northern America

In 2021, after four years of growth, there was significant decline in the North American non-wheat cereal pellets market, when its value decreased by -13.9% to $X. In general, consumption, however, posted a prominent expansion. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Non-Wheat Cereal Pellets Production in Northern America

In value terms, non-wheat cereal pellets production reduced rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded prominent growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 61%. The level of production peaked at $X in 2020, and then declined sharply in the following year.

Non-Wheat Cereal Pellets Exports

Exports in Northern America

In 2021, after two years of growth, there was significant decline in shipments abroad of cereal pellets (excluding wheat), when their volume decreased by -14.4% to X tons. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 44%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-wheat cereal pellets exports expanded significantly to $X in 2021. Overall, exports showed a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 44% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Canada (X tons), distantly followed by the United States (X tons) represented the major exporters of cereal pellets (excluding wheat), together creating 100% of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of -2.8%).

In value terms, the United States ($X) remains the largest non-wheat cereal pellets supplier in Northern America, comprising 68% of total exports. The second position in the ranking was taken by Canada ($X), with a 32% share of total exports.

In the United States, non-wheat cereal pellets exports shrank by an average annual rate of -7.4% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, rising by 32% against the previous year. In general, the export price, however, recorded a mild contraction. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.1%).

Non-Wheat Cereal Pellets Imports

Imports in Northern America

After five years of decline, supplies from abroad of cereal pellets (excluding wheat) increased by 31% to X tons in 2021. In general, imports, however, saw a mild slump. The most prominent rate of growth was recorded in 2014 when imports increased by 383%. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, non-wheat cereal pellets imports amounted to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +32.1% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 86% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

The United States represented the major importer of cereal pellets (excluding wheat) in Northern America, with the volume of imports reaching X tons, which was approx. 84% of total imports in 2021. It was distantly followed by Canada (X tons), constituting a 16% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of cereal pellets (excluding wheat). Canada (-4.1%) illustrated a downward trend over the same period. The United States (+4.6 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -4.6% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported cereal pellets (excluding wheat) in Northern America, comprising 93% of total imports. The second position in the ranking was taken by Canada ($X), with a 7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +5.9%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, dropping by -23.7% against the previous year. In general, the import price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of 91%. The level of import peaked at $X per ton in 2020, and then declined dramatically in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.7%).

Source: IndexBox Platform

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