China Registered The Highest Imports Amount Ever For Cereals In 2021
20 September 2022
China’s cereals market has been growing
exponentially in recent years, in terms of imports. The South-Asian country is
known for its vast expansion of cereals production, yet it imports cereals in
huge quantities than it exports.
China’s total cereals import in 2021 reached
an all-time high of about $20 billion, in excess of the previous year. The
total amount of cereal imports in 2021 surpasses the registered imports of
cereals in China ever.
China
Cereal Imports In A Decade
China’s cereal imports below show the yearly
values, from 2012 to 2021. The year 2012 amounted to $4.7 billion, followed by
$5 billion and $6.1 billion in 2013 and 2014 respectively. The values have
fluctuated from 2015 to 2019, standing at $9.3 billion in 2020 and growing
exponentially throughout the year 2021, making it stand at a total value of
$19.9 billion.
China's Cereals Imports In A Decade |
|
Year |
Value
USD Billion |
2012 |
4.75 |
2013 |
5.05 |
2014 |
6.17 |
2015 |
9.34 |
2016 |
5.66 |
2017 |
6.40 |
2018 |
5.79 |
2019 |
5.05 |
2020 |
9.31 |
2021 |
19.95 |
China
Cereal Imports – Top Imports
The below-shown China’s cereal imports
features the top kind of cereals and grain, as per China’s import data 2021.
Maize/corn is the largest cereal imported into China with $8 billion worth,
followed by Barley, Wheat, Sorghum, and Rice with their respective values—of
$3.5 billion, $3 billion, $3 billion, and $2.1 billion. Rye was not imported in
significant quantities.
China's Cereal Imports – By Kind (2021) |
|
Commodity |
Value
USD Billion |
Maize/Corn |
8.02 |
Barley |
3.55 |
Wheat
and Meslin |
3.03 |
Grain Sorghum |
3.02 |
Rice |
2.18 |
Oats |
0.96 |
Buckwheat,
Millet, etc. |
0.26 |
China
Cereal Imports – Top Partners
The most amount of imported cereals come into
China (for 2021) from—the USA (42.9%), followed by Ukraine (16.4%), Canada
(9.1%), France (7.4%), Australia (6.3%), Argentina (5.4%), Vietnam (2.7%),
Pakistan (2%), India (1.9%), and Thailand (1.7%). The US is home to some of the world’s biggest
manufacturers of cereals, so it is likely that the US tops the list.
China's Cereals Import – Top Partners
(2021) |
|
Country |
Value
USD % |
United
States of America |
42.9 |
Ukraine |
16.4 |
Canada |
9.1 |
France |
7.4 |
Australia |
6.3 |
Argentina |
5.4 |
Vietnam |
2.7 |
Pakistan |
2 |
India |
1.9 |
Thailand |
1.7 |
Why
China Cereals Imports Are So High?
The market trends for China show that there
has been a gradual increase in the consumption of certain products in cereals. Breakfast
cereals are making their way into Chinese consumer markets. Both local and
domestic products are growing their base in the Chinese market. But breakfast
cereals are not the only imports China has.
According to FAO,
China is among the world’s largest producers of several agricultural products
such as cereals, cotton, fruit, and vegetables. It produces about one-fourth of
the world’s grain and ranks among the top producers of cereals. As per the Global Yield Cap Atlas, China contributes
to feeding about 19% of the world, with a lesser arable land than 10%.
Yet the question remains, how do China’s
cereal imports exceed the exports? According to Australasian
Agribusiness, cereals production accounts for about 89% of total
grain production in China. But the low arable land and a high domestic demand
& consumption supersede the domestic production of grains in China, which
includes cereals production.
This in turn invites more imports into the
country than what it can export. Some reports suggest that to yield high-quality
grains, the quantity decreases with further risks to land deterioration.
However, the year 2021 has surpassed any level of imports in China for cereals
in the past 10 years, and maybe even more, as per China's historical trade
data.