Updated Mar 20, 2023 23:15

Global Rye Market

Market Overview
The global rye market rose modestly to $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the global market attained the peak level at $ in 2008; however, from 2009 to , consumption remained at a lower figure.

In value terms, rye production expanded to $ in estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of % against the previous year. Global production peaked at $ in 2008; however, from 2009 to , production failed to regain momentum.

The countries with the highest volumes of production in were Germany ( tons), Poland ( tons) and Russia ( tons), with a combined % share of global production. Belarus, Denmark, Ukraine, China, Canada, Spain and the United States lagged somewhat behind, together comprising a further %.

From 2007 to , the biggest increases were recorded for Denmark (with a CAGR of +%), while production for the other global leaders experienced more modest paces of growth.

The global average rye yield rose rapidly to tons per ha in , growing by % compared with the previous year. The yield figure increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in with an increase of %. As a result, the yield attained the peak level of tons per ha. From to , the growth of the average rye yield remained 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 global rye harvested area reached ha in , approximately equating the previous year's figure. Overall, the harvested area, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2013 with an increase of % against the previous year. Over the period under review, the harvested area dedicated to rye production reached the maximum at ha in 2008; however, from 2009 to , the harvested area failed to regain momentum.


Consumption
In , global consumption of rye rose notably to tons, with an increase of % compared with the previous year's figure. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Global consumption peaked at tons in 2009; however, from 2010 to , consumption stood at a somewhat lower figure.

The global rye market size amounted to $ in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the global market attained the maximum level at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.


Consumption by Country
The countries with the highest volumes of consumption in were Germany ( tons), Poland ( tons) and Russia ( tons), together comprising % of global consumption. Belarus, Denmark, Spain, the United States, China, Ukraine and Canada lagged somewhat behind, together comprising a further %.

From 2007 to , the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Canada (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($), China ($) and the United States ($) appeared to be the countries with the highest levels of market value in , with a combined % share of the global market. These countries were followed by Poland, Russia, Denmark, Belarus, Spain, Ukraine and Canada, which together accounted for a further %.

Canada, with a CAGR of +%, saw the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of rye per capita consumption in were Denmark ( kg per person), Belarus ( kg per person) and Poland ( kg per person).

From 2007 to , the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Canada (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.


Market Forecast
Depressed by shrinking demand for rye worldwide, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .