Rye Market Overview in the USA
In value terms, rye production totaled $ in 2018. Overall, rye production, however, continues to indicate an outstanding increase. The growth pace was the most rapid in 2010 when production volume increased by % against the previous year. Over the period under review, rye production reached its maximum level at $ in 2016; however, from 2017 to 2018, production failed to regain its momentum.
Average yield of rye in the U.S. stood at tonne per ha in 2018, coming down by -% against the previous year. The yield figure increased at an average annual rate of +% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 when yield increased by % y-o-y. Rye yield peaked at tonne per ha in 2016; however, from 2017 to 2018, 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.
Rye harvested area in the U.S. totaled ha in 2018, falling by -% against the previous year. Overall, the rye harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when harvested area increased by % against the previous year. In that year, the rye harvested area attained its peak level of ha. From 2016 to 2018, the growth of the rye harvested area remained at a somewhat lower figure.
The revenue of the rye market in the U.S. amounted to $ in 2018, jumping 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, rye consumption continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 when the market value increased by % y-o-y. Rye consumption peaked at $ in 2015; however, from 2016 to 2018, consumption stood at a somewhat lower figure.