IndexBox, Inc. has just published a new report “World – Barley – Market Analysis, Forecast, Size, Trends, and Insights“. Here is a summary of the report’s key findings.
In 2017, barley imports worldwide amounted to 38M tonnes, ascending by 39% against the previous year figure. In general, it indicated a prominent increase from 2007 to 2017: the total imports volume increased at an average annual rate of +5.2% over the last ten years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when import increased by 39% from the previous year level. In that year, barley imports reached its maximum volume, and are likely to continue its growth in the immediate term.
In value terms, barley imports stood at $7.2B in 2017. In general, it indicated a mild increase from 2007 to 2017: the total imports value increased at an average annual rate of +5.2% over the last ten years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2017, barley imports decreased by -17.8% against its level of 2013. Global import peaked of $8.8B in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.
Barley Imports By Country
China (8.9M tonnes), and Saudi Arabia (8.8M tonnes) represented roughly 46% of total imports of barley in 2017. It was distantly followed by Iran (2.5M tonnes), the Netherlands (2.1M tonnes), and Belgium (1.8M tonnes), together with mixed up 17% share of total imports. Japan (1.4M tonnes), Spain (1.3M tonnes), Germany (1.3M tonnes), Jordan (761K tonnes), Italy (746K tonnes), Kuwait (603K tonnes), and Brazil (602K tonnes) followed a long way behind the leaders.
From 2007 to 2017, the most notable growth rate of imports, among the main importing countries, was attained by Iran (+28.4% per year), while the other global leaders experienced more modest paces of growth.
In value terms, the largest barley markets worldwide were China ($1.8B), Saudi Arabia ($1.4B), and Iran ($394M), with a combined 50% share of global imports.
Iran (+24.5% per year) experienced the highest rates of growth with regard to the imports, in terms of the main importing countries, over the last 10 years, while the other global leaders experienced more modest paces of growth.
Barley Import Prices By Country
In 2017, the average import price for barley amounted to $190 per tonne, lower by -9.4% against the previous year. Overall, barley import price continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2008 when it surged by 29% year-to-year. In that year, average import price for barley reached its maximum level of $355 per tonne. From 2009 to 2017, the growth of the average import price for barley stood at a somewhat lower level.
There were significant differences in the average import prices among major importing countries. In 2017, the country with the highest import price was Brazil ($243 per tonne), while Iran ($155 per tonne) was among the lowest.
From 2007 to 2017, the most notable growth rate of import prices was attained by Brazil (+2.4% per year), while the other global leaders experienced a decline in the import price figures.
This report provides an in-depth analysis of the global barley market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
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