Global Grain Market 2024

Grain Market Size

In 2022, the global grain market increased by X% to $X.9B, rising for the sixth year in a row after two years of decline. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the global market attained the peak level in 2022 and is expected to retain growth in years to come.

Grain Production

In value terms, grain production amounted to $X in 2022 estimated in export price. Overall, the total production indicated pronounced 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Global production peaked at $X.5B in 2020; however, from 2021 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), with a combined X% share of global production. Russia, Brazil, Argentina, Indonesia, Ukraine, France, Bangladesh, Canada, Australia and Pakistan lagged somewhat behind, together comprising a further X%.

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

In 2022, the global average grain yield amounted to X tons per ha, approximately mirroring 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the yield increased by X% against the previous year. Over the period under review, the average grain yield hit record highs in 2022 and is likely to continue 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, the total area harvested in terms of cereal grains production worldwide contracted to X ha, approximately equating 2021. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to grain production reached the peak figure at X ha in 2021, and then contracted slightly in the following year.

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Grain Exports

Exports

In 2022, shipments abroad of cereal grains decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. 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 pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The global exports peaked at X tons in 2021, and then fell modestly in the following year.

In value terms, grain exports surged to $X in 2022. In general, 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 pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports attained the maximum in 2022 and are likely to continue growth in years to come.

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), Canada (X tons) and Russia (X tons) represented the major exporters of cereal grains, together generating X% of total exports. The following exporters - Romania (X tons), India (X tons), Germany (X tons), Poland (X tons) and Kazakhstan (X tons) - together made up X% 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.

In the United States, grain exports increased at an average annual rate of X% over the period from 2012-2022. 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. In general, export price indicated mild growth 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 2018 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: 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

Global grain imports totaled X tons in 2022, growing by X% on the previous year. 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 throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, grain imports surged to $X in 2022. Over the period under review, total imports indicated a prominent 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, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. 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 main importers of cereal grains, together committing X% of total imports. Algeria (X tons), Spain (X tons), Egypt (X tons), South Korea (X tons), Italy (X tons), Vietnam (X tons), Turkey (X tons), the Netherlands (X tons), Iran (X tons) and Saudi Arabia (X tons) took a minor share of total imports.

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

In value terms, the largest grain importing markets worldwide were China ($X), Japan ($X) and Mexico ($X), with a combined X% share of global imports.

Among the main importing countries, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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, growing by X% against the previous year. In general, the import price recorded a slight increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Global import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Algeria ($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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