Description
Description
According to CRI, with the development of feed and beer industries, China has a large consumption scale of barley, while the domestic supply was only around 1 million tons per year, which leads to high import dependence.
The annual production of barley was decreasing year by year, and even only 956.50 kilotons in 2018. The main reasons are that the cultivated land decreased, and farmers turned to plant other higher value grain, such as wheat.
Chinese farmers do not have large-scale planting and unified field management as foreign farmers, thus imported barley has obvious price advantage over domestic barley.
According to CRI, in 2019, China imported 5.93 million tons of barley, worth USD 1.56 billion.
From 2017 to April 2020, Australia was the largest source of barley imports in China. At least half of Australia’s annual barley exported to China, but the proportion of Australian barley keep decreasing year by year. Moreover, in 2020, the Ministry of Commerce issued announcement to increase tariffs on Australian barley due to anti-dumping.
Out of protecting cultivated land, barley planting area and production is estimated to decrease in the future.
According to CRI, although feed and beer industries are impacted by the COVID-19 in early 2020, it is expected to recover after the pandemic. According to CRI, the demand of barley would slightly drop in 2020, and then go up in next years. In addition, the major sources of barley imports would be Canada, France, and Ukraine. Australia is expected to be the third or fourth largest source of barley due to tariffs.
Readers may obtain the following information through this report:
– Economic Environment of Barley Industry in China
– Policies in Imported Barley in China
– Analysis of Supply and Demand of Barley in China
– Analysis of Imported Barley in China
– Analysis of Major Sources of Barley in China
– Price Trend of Imported Barley in China
– Driving Forces and Opportunities of Imported Barley in China
– Forecast on Imported Barley in China 2020-2024