Overview of the Global Market for Flaked or Rolled Cereals

Market Size for Flaked or Rolled Cereals

The global flaked or rolled cereal market expanded markedly to $X in 2022, picking up by 8% against the previous year. In general, consumption showed a resilient increase. Global consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Flaked or Rolled Cereals

In value terms, flaked or rolled cereal production rose modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.3% 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 -2.2% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 28% against the previous year. Over the period under review, global production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Flaked or Rolled Cereals

Exports

After two years of growth, overseas shipments of flaked or rolled cereals decreased by -0.4% to X tons in 2022. In general, total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +4.9% 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 +83.2% against 2016 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 29% against the previous year. The global exports peaked at X tons in 2021, and then contracted slightly in the following year.

In value terms, flaked or rolled cereal exports stood at $X in 2022. Overall, exports, however, saw strong growth. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Canada (X tons) and Argentina (X tons) represented roughly 28% of total exports in 2022. Turkey (X tons) took the next position in the ranking, followed by Chile (X tons), the United States (X tons), Germany (X tons) and Australia (X tons). All these countries together took approx. 32% share of total exports. Belgium (X tons), Russia (X tons), the Czech Republic (X tons), the UK (X tons), Denmark (X tons) and Estonia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Chile (with a CAGR of +53.7%), while the other global leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the largest flaked or rolled cereal supplier worldwide, comprising 21% of global exports. The second position in the ranking was held by Germany ($X), with a 7.7% share of global exports. It was followed by the United States, with a 6.9% share.

In Canada, flaked or rolled cereal exports increased at an average annual rate of +13.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+4.8% per year) and the United States (+3.4% per year).

Export Prices by Country

The average flaked or rolled cereal export price stood at $X per ton in 2022, increasing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2013 when the average export price increased by 16% against the previous year. The global export price peaked 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 the UK ($X per ton), while Argentina ($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 Czech Republic (+8.3%), while the other global leaders experienced more modest paces of growth.

Imports of Flaked or Rolled Cereals

Imports

For the third year in a row, the global market recorded growth in purchases abroad of flaked or rolled cereals, which increased by 1.7% to X tons in 2022. Overall, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.3% 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 +6.7% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 23% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, flaked or rolled cereal imports surged to $X in 2022. In general, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +79.8% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons), distantly followed by Uruguay (X tons), the Netherlands (X tons) and Chile (X tons) represented the major importers of flaked or rolled cereals, together mixing up 44% of total imports. Germany (X tons), China (X tons), Japan (X tons), Ireland (X tons), Mexico (X tons), Iraq (X tons), France (X tons), Poland (X tons) and Italy (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +54.2%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported flaked or rolled cereals worldwide, comprising 24% of global imports. The second position in the ranking was held by the Netherlands ($X), with a 6.9% share of global imports. It was followed by China, with a 4.9% share.

In the United States, flaked or rolled cereal imports expanded at an average annual rate of +15.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+5.0% per year) and China (+56.7% per year).

Import Prices by Country

The average flaked or rolled cereal import price stood at $X per ton in 2022, with an increase of 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. 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 importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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