Updated Mar 20, 2023 22:32

Global Market for Quinoa, Fonio, Triticale and other Cereals

Market Overview
The global market for quinoa, fonio, triticale and other cereals expanded slightly to $ in , with an increase of % 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). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.

In value terms, production of quinoa, fonio, triticale and other cereals expanded to $ in estimated in export price. In general, the total production indicated a pronounced increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The most prominent rate of growth was recorded in 2018 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.

The countries with the highest volumes of production in were Poland ( tons), Ethiopia ( tons) and France ( tons), with a combined % share of global production. These countries were followed by Germany, Belarus, Spain, Chad, Guinea and China, which together accounted for a further %.

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

In , the global average yield of quinoa, fonio, triticale and other cereals stood at tons per ha, remaining relatively unchanged against figures. In general, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. As a result, the yield attained the peak level of tons per ha. From 2015 to , the growth of the average yield of quinoa, fonio, triticale and other cereals 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 quinoa, fonio, triticale and other cereals production worldwide contracted slightly to ha, remaining stable against the previous year. Over the period under review, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the harvested area increased by % against the previous year. Over the period under review, the harvested area dedicated to quinoa, fonio, triticale and other cereals production reached the peak figure at ha in 2015; however, from 2016 to , the harvested area stood at a somewhat lower figure.


Consumption
For the fourth consecutive year, the global market recorded growth in consumption of quinoa, fonio, triticale and other cereals, which increased by % to tons in . The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption attained the peak volume of tons. From 2015 to , the growth of the global consumption of remained at a lower figure.

The revenue of the market for quinoa, fonio, triticale and other cereals worldwide expanded modestly to $ in , rising 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). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.


Consumption by Country
The countries with the highest volumes of consumption in were Poland ( tons), Ethiopia ( tons) and Germany ( tons), with a combined % share of global consumption. These countries were followed by France, Belarus, Spain, Chad, Guinea, China and Kazakhstan, which together accounted for a further %.

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

In value terms, Ethiopia ($) led the market, alone. The second position in the ranking was held by Poland ($). It was followed by Belarus.

In Ethiopia, the market of quinoa, fonio, triticale and other cereals increased at an average annual rate of +% over the period from 2007-. The remaining consuming countries recorded the following average annual rates of market growth: Poland (-% per year) and Belarus (+% per year).

The countries with the highest levels of quinoa, fonio, triticale and other cereals per capita consumption in were Poland ( kg per person), Belarus ( kg per person) and Ethiopia ( kg per person).

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


Market Forecast
Driven by increasing demand for quinoa, fonio, triticale and other cereals worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. 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 .