Global Grain Market 2024

Grain Market Size

For the third consecutive year, the global grain market recorded growth in sales value, which increased by X% to $X.1B in 2022. Overall, consumption showed a relatively flat trend pattern. Global consumption peaked in 2022 and is expected to retain growth in the near future.

Grain Production

In value terms, grain production reduced slightly to $X.6B in 2022 estimated in export price. In general, the total production indicated a temperate expansion 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%. Over the period under review, global production reached the maximum level at $X.2B in 2019; however, from 2020 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were China (X tons), the United States (X tons) and India (X tons), together comprising X% of global production. Russia, Brazil, Argentina, Indonesia, Ukraine, France, Bangladesh, Canada, Australia and Pakistan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Argentina (with a CAGR of X%), while production for the other global leaders experienced more modest paces of growth.

The global average grain yield reached X tons per ha in 2022, almost unchanged from the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The global yield peaked in 2022 and is expected to retain growth in years to come. 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 worldwide; leveling off at the year before. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to grain production attained the peak figure at X ha in 2021, and then fell in the following year.

Grain Exports

Exports

After ten years of growth, shipments abroad of grain decreased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the global exports attained the peak figure at X tons in 2021, and then fell slightly in the following year.

In value terms, grain exports skyrocketed to $X in 2022. Overall, total exports indicated a tangible 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, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the global exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2022, the United States (X tons), distantly followed by Argentina (X tons), Brazil (X tons), Australia (X tons), Ukraine (X tons), France (X tons) and Canada (X tons) represented the largest exporters of grain, together comprising X% of total exports. Russia (X tons), Romania (X tons), India (X tons), Germany (X tons), Poland (X tons) and Kazakhstan (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the largest grain supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Argentina ($X), with a X% share of global exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at X%. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2022, the average grain export price amounted to $X per ton, increasing by X% against the previous year. Overall, export price indicated a slight 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 export price increased by X% against 2016 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Grain Imports

Imports

In 2022, global grain imports expanded slightly to X tons, with an increase of X% on the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, grain imports soared to $X in 2022. In general, total imports indicated perceptible growth 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, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of X%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons), followed by Mexico (X tons) and Japan (X tons) represented the largest importers of grain, together mixing up X% of total imports. Algeria (X tons), Spain (X tons), South Korea (X tons), Vietnam (X tons), Egypt (X tons), Italy (X tons), Turkey (X tons), the Netherlands (X tons), Saudi Arabia (X tons) and Indonesia (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Mexico ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of global imports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average grain import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Global import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Vietnam ($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 global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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