Asia: Triticale Market 2024

Triticale Market Size in Asia

The Asian triticale market amounted to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Triticale Production in Asia

In value terms, triticale production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were China (X tons) and Turkey (X tons).

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Turkey (with a CAGR of X%).

The average triticale yield stood at X tons per ha in 2022, flattening at the previous year's figure. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the yield increased by X% against the previous year. Over the period under review, the triticale yield hit record highs at X tons per ha in 2013; however, from 2014 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The triticale harvested area amounted to X ha in 2022, picking up by X% on the previous year's figure. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2021 to 2022, the growth of the triticale harvested area remained at a somewhat lower figure.

Triticale Exports

Exports in Asia

For the third year in a row, Asia recorded growth in shipments abroad of triticale, which increased by X% to X tons in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, triticale exports skyrocketed to $X in 2022. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan was the major exporter of triticale in Asia, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. Turkey (X tons) ranks second in terms of the total exports with a X% share, followed by India (X%).

Kazakhstan experienced a relatively flat trend pattern with regard to volume of exports of triticale. At the same time, Turkey (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, India (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kazakhstan and India increased by X and X percentage points, respectively.

In value terms, the largest triticale supplying countries in Asia were Turkey ($X), Kazakhstan ($X) and India ($X), with a combined X% share of total exports.

Among the main exporting countries, Turkey, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

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 Turkey ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Triticale Imports

Imports in Asia

In 2022, approx. X tons of triticale were imported in Asia; growing by X% on 2021 figures. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2014 when imports increased by X%. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, triticale imports soared to $X in 2022. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Georgia dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2022. Azerbaijan (X tons) held the second position in the ranking, followed by Cyprus (X tons). All these countries together took near X% share of total imports. Kazakhstan (X tons) followed a long way behind the leaders.

Georgia was also the fastest-growing in terms of the triticale imports, with a CAGR of X% from 2012 to 2022. At the same time, Cyprus (X%) and Kazakhstan (X%) displayed positive paces of growth. By contrast, Azerbaijan (X%) illustrated a downward trend over the same period. While the share of Georgia (X p.p.) and Azerbaijan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (X p.p.) and Cyprus (X p.p.) displayed negative dynamics.

In value terms, Georgia ($X) constitutes the largest market for imported triticale in Asia, comprising X% of total imports. The second position in the ranking was held by Cyprus ($X), with a X% share of total imports. It was followed by Azerbaijan, with a X% share.

In Georgia, triticale imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Cyprus (X% per year) and Azerbaijan (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Cyprus ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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