Global Grain Market Overview 2020

Grain Market Size

The global grain market revenue amounted to $X in 2017, jumping by X% against the previous year. Overall, the total market indicated a temperate expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2011, with an increase of X% year-to-year. Global grain consumption peaked of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Grain Production

In 2017, the amount of grain produced worldwide amounted to X tonnes, picking up by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2008, when it surged by X% year-to-year. Global grain production peaked in 2017, and is likely to see steady growth in the immediate term. The general positive trend in terms of grain output was largely conditioned by a moderate growth of the harvested area and a slight expansion in yield figures.

China (X tonnes) remains the largest grain producing country worldwide, comprising approx. X% of total production. Moreover, grain production in China exceeded the figures recorded by the world's second largest producer, Ukraine (X tonnes), eightfold. Bangladesh (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of volume in China totaled +X%. In the other countries, the average annual rates were as follows: Ukraine (+X% per year) and Bangladesh (+X% per year).

Global average grain yield stood at X tonne per ha in 2017, increasing by X% against the previous year. The yield figure increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2013, with an increase of X% year-to-year. Global grain yield peaked in 2017, and is expected to retain its growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, the total area harvested in terms of grain production worldwide totaled X ha, approximately equating the previous year. Overall, grain harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to grain production reached its peak figure in 2017, and is likely to continue its growth in the near future.

Grain Exports

Exports 2007-2017

In 2017, approx. X tonnes of grain were exported worldwide; growing by X% against the previous year. The total export volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017, with an increase of X% year-to-year. In that year, the global grain exports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, grain exports amounted to $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern indicated some noticeable fluctuations over the period under review. Global exports peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Exports by Country

In 2017, the U.S. (X tonnes), distantly followed by Argentina (X tonnes), Russia (X tonnes), Ukraine (X tonnes), Australia (X tonnes), Brazil (X tonnes), Canada (X tonnes) and France (X tonnes) were the major exporters of grain, together mixed up X% of total exports. The following exporters - Germany (X tonnes), Romania (X tonnes), Hungary (X tonnes) and Kazakhstan (X tonnes) together made up X% of total exports.

The U.S. experienced a relatively flat trend pattern of grain exports. At the same time, Ukraine (+X%), Russia (+X%), Australia (+X%), Argentina (+X%), Brazil (+X%) and Romania (+X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. Kazakhstan, Germany, Canada, Hungary and France experienced a relatively flat trend pattern. Brazil (-X%), Australia (-X%), Argentina (-X%), Russia (-X%) and Ukraine (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest grain supplier worldwide, making up X% of global exports. The second position in the ranking was occupied by Argentina ($X), with a X% share of global exports. It was followed by Canada, with a X% share.

In the U.S., grain exports remained relatively stable over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (+X% per year) and Canada (+X% per year).

Export Prices by Country

In 2017, the average grain export price amounted to $X per tonne, standing approx. at the previous year. In general, grain export price continues to indicate a slight reduction. The growth pace was the most rapid in 2011, when the average export prices increased by X% year-to-year. In that year, the average export prices for grain attained their peak level of $X per tonne. From 2012 to 2017, growth of the average export prices for grain stood at a somewhat lower level.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in France ($X per tonne) and Canada ($X per tonne), while Brazil ($X per tonne) and Kazakhstan ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Hungary (+X% per year), while the other global leaders experienced a decline in the export price figures.

Grain Imports

Imports 2007-2017

In 2017, the amount of grain imported worldwide totaled X tonnes, rising by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017, when imports increased by X% y-o-y. In that year, the global grain imports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, grain imports amounted to $X in 2017. The total import value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. In that year, the global grain imports reached their peak level of $X. From 2012 to 2017, growth of the global grain imports failed to regain its momentum.

Imports by Country

The countries with the highest levels of grain imports in 2017 were Mexico (X tonnes), Japan (X tonnes), Egypt (X tonnes), China (X tonnes), Saudi Arabia (X tonnes), Spain (X tonnes), Italy (X tonnes), South Korea (X tonnes), Algeria (X tonnes), Indonesia (X tonnes), Germany (X tonnes) and Viet Nam (X tonnes), together recording X% of total import.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Viet Nam (+X% per year), while the other global leaders experienced more modest paces of growth.

In value terms, Japan ($X), Egypt ($X) and China ($X) were the countries with the highest levels of imports in 2017, with a combined X% share of global imports.

Among the main importing countries , China (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2017, the average grain import price amounted to $X per tonne, declining by -X% against the previous year. In general, grain import price continues to indicate a slight contraction. The pace of growth was the most pronounced in 2011, an increase of X% against the previous year. In that year, the average import prices for grain attained their peak level of $X per tonne. From 2012 to 2017, growth of the average import prices for grain stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Indonesia ($X per tonne), while Mexico ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China (+X% per year), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform