Cereal germ market in Armenia

Earlier Report Observations

Between 2018 and 2020, Armenia's cereal germ production saw a significant shift. After a slight dip to 7 820 t in 2019, output jumped by over 50% to 12 092 t in 2020. This surge coincided with the global COVID-19 pandemic, which severely disrupted grain logistics and imports. With Armenia heavily reliant on imported wheat, these supply chain challenges likely spurred increased domestic processing of grain, including cereal germ, to meet local demand.

The market adjusted in the following years. Production eased slightly to 11 730 t in 2021 and then fell more noticeably to 10 677 t in 2022. This decline was driven by the knock-on effects of sanctions and export quotas on Russian wheat—Armenia's primary grain supplier—coupled with rising costs and persistent logistics issues. Despite these headwinds, production recovered to 11 245 t in 2023, even as reports indicated a forthcoming reduction in the domestic wheat harvest.

Throughout the period, the cereal germ market remained tightly linked to Armenia's broader grain sector, characterized by a high dependence on imports, mainly from Russia. International grain price fluctuations and Russian export policy decisions, such as the quotas set for 2024, continued to be key external factors influencing the availability and cost of raw materials for processors.

Production cereal germ in Armenia

In kind, 2017-2020, t

Top producers of cereal germ, 2017-2020

World map of production of cereal germ, 2017-2020

Armenia's cereal germ production rebounded after two years of decline. In 2020, production reached 12,092 tonnes, marking a significant 54.6% increase compared to 2019. Over the period from 2017 to 2020, production grew by 10.4%, which translates to an average annual growth rate of 3.4%. The lowest production level was recorded in 2019 at 7,820 tonnes, while the largest annual decline occurred in 2018 with a drop of 26.9%.

Annual dynamics of production in Armenia in kind, 2017-2020, t

Exports cereal germ from Armenia

According to market analysis, Armenia did not export any cereal germ between 2017 and 2020.

Imports cereal germ to Armenia

Imports in kind, kg

The market showed considerable volatility during this period. Import volumes reached their peak in 2019 and fell to their lowest point in 2020, with a 39-fold difference between these years. In 2020, Armenia imported 154 kg of cereal germ, representing a 97.5% decrease compared to the previous year. The highest import volume was recorded in 2019 at 6,045 kg, which followed a dramatic increase of 3,258.5% that year.

Annual dynamics of product's imports to Armenia in kind, 2017-2020, kg

From 2017 to 2020, Russia was virtually the sole supplier of cereal germ to Armenia, accounting for 100.0% of total imports by volume.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Armenia in kind, 2017-2020

Imports in value, $ US

Market behavior was marked by volatility throughout these years. Import values peaked in 2019 and reached their minimum in 2018, showing a 25-fold variation. In 2020, Armenia's cereal germ imports amounted to 437 US dollars, reflecting a 92.3% year-over-year decline. The lowest import value was recorded in 2018 at 227 US dollars, while the highest was in 2019 at 5,646 US dollars, following a substantial increase of 2,382.9% that year.

Annual dynamics of product's imports to Armenia in value, 2017-2020, $ US

During 2017–2020, Russia dominated Armenia's cereal germ imports, capturing 100.0% of the total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Armenia in value, 2017-2020