Key Takeaways
- Global wheat production in 2022 totaled 803.8 million metric tons, up 0.8% from 2021 due to favorable weather in key regions like the Black Sea area.
- Corn production worldwide reached 1,163 million metric tons in 2022, with the United States contributing 384.8 million metric tons representing 33% of global output.
- Rice paddy production hit 514.6 million metric tons globally in 2022, led by China and India which together accounted for 67% of the total.
- The US corn yield averaged 177.3 bushels per acre in 2022, a record high surpassing 2021's 176.7.
- Global wheat average yield in 2022 was 3.7 tons per hectare, up from 3.6 in 2021 due to better inputs.
- Rice paddy yield worldwide averaged 4.0 tons per hectare in 2022, with Australia at 10.5 tons/ha highest.
- Global plant-based food market valued at $221 billion in 2022, projected to grow 11.9% CAGR to 2030.
- US agricultural production value added $176.9 billion in 2021, crops 58% at $102.7 billion.
- World crop production contributed $1.2 trillion to GDP in 2022, 2.5% of global economy.
- Global wheat trade volume 203.5 million metric tons in 2022/23, valued at $55 billion.
- Soybean exports worldwide 177 million metric tons in 2022, Brazil 52% share $60 billion.
- Corn international trade hit 195 million metric tons in 2022/23, US 50% exporter.
- Agriculture employs 27% of global workforce or 1.1 billion people in 2022, mostly crops.
- US farm labor force 2.6 million in 2022, 1.3 million crop workers.
- India agricultural employment 263 million in 2022, 45% of total labor.
Global crop yields rose in 2022 as production of major staples like wheat and corn set new records worldwide.
Crop Production
Crop Production Interpretation
Crop Yields
Crop Yields Interpretation
Economic Value
Economic Value Interpretation
Employment
Employment Interpretation
Sustainability
Sustainability Interpretation
Trade Data
Trade Data Interpretation
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