Rye Market Overview in the USA
In value terms, rye production rose modestly to $ in 2019. In general, production continues to indicate resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of % year-to-year. Over the period under review, production hit record highs at $ in 2016; however, from 2017 to 2019, production stood at a somewhat lower figure.
In 2019, the average rye yield in the U.S. rose modestly to tonnes per ha, picking up by % on the year before. The yield figure increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 with an increase of % against the previous year. The rye yield peaked at tonnes per ha in 2016; however, from 2017 to 2019, 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.
In 2019, the harvested area of rye in the U.S. reached ha, therefore, remained relatively stable against 2018. Overall, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the harvested area increased by % against the previous year. As a result, the harvested area reached the peak level of ha. From 2016 to 2019, the growth of the rye harvested area remained at a lower figure.
The revenue of the rye market in the U.S. skyrocketed to $ in 2019, increasing 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 showed a resilient expansion. The growth pace was the most rapid in 2015 when the market value increased by % y-o-y. As a result, consumption attained the peak level of $. From 2016 to 2019, the growth of the market failed to regain the momentum.