Updated Mar 20, 2023 21:47

Global Triticale Market

Market Overview
The global triticale 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). In general, consumption, however, saw a relatively flat trend pattern. Global consumption peaked at $ in 2014; however, from 2015 to , consumption failed to regain momentum.

In value terms, triticale production stood at $ in estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of % against the previous year. Global production peaked at $ in 2014; however, from 2015 to , production stood at a somewhat lower figure.

Poland ( tons) constituted the country with the largest volume of triticale production, comprising approx. % of total volume. Moreover, triticale production in Poland exceeded the figures recorded by the second-largest producer, Germany ( tons), threefold. The third position in this ranking was taken by Belarus ( tons), with an % share.

In Poland, triticale production expanded at an average annual rate of +% over the period from 2012-. In the other countries, the average annual rates were as follows: Germany (-% per year) and Belarus (-% per year).

In , the global average yield of triticale stood at tons per ha, remaining stable against the previous year. The yield figure increased at an average annual rate of +% from 2012 to ; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in with an increase of %. The global yield peaked at tons per ha in 2014; however, from 2015 to , the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In , the total area harvested in terms of triticale production worldwide stood at ha, remaining stable against the year before. In general, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. The global harvested area peaked at ha in 2015; however, from 2016 to , the harvested area stood at a somewhat lower figure.


Consumption
In , global triticale consumption totaled tons, almost unchanged from the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak volume of tons. From 2015 to , the growth of the global consumption remained at a lower figure.

The global triticale market size was estimated at $ in , picking up 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. Global consumption peaked at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.


Consumption by Country
The country with the largest volume of triticale consumption was Poland ( tons), comprising approx. % of total volume. Moreover, triticale consumption in Poland exceeded the figures recorded by the second-largest consumer, Germany ( tons), twofold. Belarus ( tons) ranked third in terms of total consumption with an % share.

In Poland, triticale consumption expanded at an average annual rate of +% over the period from 2012-. In the other countries, the average annual rates were as follows: Germany (-% per year) and Belarus (-% per year).

In value terms, Poland ($), Belarus ($) and Germany ($) appeared to be the countries with the highest levels of market value in , together accounting for % of the global market. Spain, China, France, Austria, Romania, Lithuania, Russia and Hungary lagged somewhat behind, together comprising a further %.

In terms of the main consuming countries, Spain, with a CAGR of +%, recorded the highest growth rate of market size 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 triticale per capita consumption in were Belarus ( kg per person), Poland ( kg per person) and Lithuania ( kg per person).

From 2012 to , the biggest increases were recorded for Spain (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.


Market Forecast
Driven by increasing demand for triticale worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase 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 .