Overview of the Global Market for Cereal Grain Products (Including Corn Flakes)

Market Size for Cereal Grain Products (Including Corn Flakes)

The global market for cereal grain products (including corn flakes) expanded modestly to $X in 2023, with an increase of X% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the global market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Cereal Grain Products (Including Corn Flakes)

In value terms, corn flakes and cereal products production expanded slightly to $X in 2023 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Global production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Cereal Grain Products (Including Corn Flakes)

Exports

In 2023, shipments abroad of cereal grain products (including corn flakes) decreased by X% to X tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the global exports remained at a somewhat lower figure.

In value terms, corn flakes and cereal products exports expanded notably to $X in 2023. Overall, total exports indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The global exports peaked in 2023 and are likely to continue growth in the immediate term.

Exports by Country

In 2023, Canada (X tons), Turkey (X tons), Germany (X tons), Belgium (X tons), Argentina (X tons), the United States (X tons), Russia (X tons), Spain (X tons), the Netherlands (X tons), the UK (X tons), Australia (X tons) and Poland (X tons) was the main exporter of cereal grain products (including corn flakes) in the world, mixing up X% of total export. France (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Russia (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Canada ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of global exports. The UK, Belgium, Poland, Spain, France, the Netherlands, Turkey, Australia, Russia and Argentina lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for cereal grain products (including corn flakes) stood at $X per ton in 2023, with an increase of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The global export price peaked in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: 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 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Imports of Cereal Grain Products (Including Corn Flakes)

Imports

In 2023, the amount of cereal grain products (including corn flakes) imported worldwide dropped to X tons, waning by X% against the previous year. In general, total imports indicated a measured expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of global imports remained at a somewhat lower figure.

In value terms, corn flakes and cereal products imports expanded sharply to $X in 2023. Over the period under review, total imports indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Global imports peaked in 2023 and are likely to see gradual growth in years to come.

Imports by Country

In 2023, the United States (X tons) and Ghana (X tons) were the main importers of cereal grain products (including corn flakes)across the globe, together creating X% of total imports. It was followed by the Netherlands (X tons), making up a X% share of total imports. The following importers - Germany (X tons), Uruguay (X tons), Canada (X tons), Belgium (X tons), France (X tons), Spain (X tons), Italy (X tons), China (X tons), the UK (X tons) and Ireland (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ghana (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest corn flakes and cereal products importing markets worldwide were the United States ($X), Germany ($X) and Canada ($X), with a combined X% share of global imports. France, the Netherlands, the UK, Italy, Belgium, China, Spain, Ghana, Ireland and Uruguay lagged somewhat behind, together accounting for a further X%.

Ghana, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for cereal grain products (including corn flakes) stood at $X per ton in 2023, picking up by X% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; afterwards, it flattened through to 2023.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform