World - Wheat - Market Analysis, Forecast, Size, Trends and Insights
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Wheat market: get access to the latest data provided by an Ai-driven market research tool. Facts and figures contain consumption, trade, imports, market prices, exports, market size, companies, and production. There is a breakdown by country, including Russia, Africa, China, the Middle East, Latin America, EU, the U.S., and the U.K. Market insights and outlook to 2030 are also provided in the reports.
Wheat - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | India |
| 3 | Russia |
| 4 | Turkey |
| 5 | United States |
In value terms, China led the market, alone. The second position in the ranking was occupied by India. It was followed by Russia.
From 2019 to 2021, the average annual growth rate of value in China totaled +1.3%. In the other countries, the average annual rates were as follows: India (-3.5% per year) and Russia (+12.5% per year).
Wheat Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| USD per ton | ||||
| Kazakhstan | 187 | 219 | 202 | 3.9% |
| Argentina | 218 | 242 | 230 | 2.7% |
| Ukraine | 239 | 251 | 243 | 0.8% |
| Bulgaria | 195 | 217 | 261 | 15.7% |
| Romania | 206 | 221 | 263 | 13.0% |
| Russia | 201 | 212 | 267 | 15.3% |
| Poland | 245 | 223 | 276 | 6.1% |
| Australia | 259 | 259 | 279 | 3.8% |
| India | 284 | 266 | 279 | -0.9% |
| France | 218 | 227 | 281 | 13.5% |
| Germany | 225 | 226 | 281 | 11.8% |
| United States | 231 | 242 | 303 | 14.5% |
| Canada | 298 | 304 | 308 | 1.7% |
| Average | 230 | 241 | 275 | 9.3% |
Prices varied noticeably by the country of origin; the country with the highest price was Canada ($308 per ton), while Kazakhstan ($202 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| USD per ton | ||||
| Japan | 276 | 284 | 347 | 12.1% |
| Italy | 247 | 255 | 314 | 12.7% |
| Egypt | 206 | 217 | 313 | 23.3% |
| Brazil | 227 | 237 | 288 | 12.6% |
| Turkey | 230 | 244 | 278 | 9.9% |
| China | 281 | 277 | 278 | -0.5% |
| Netherlands | 217 | 222 | 265 | 10.5% |
| Philippines | 258 | 254 | 256 | -0.4% |
| Morocco | 250 | 258 | 254 | 0.8% |
| Algeria | 217 | 232 | 225 | 1.8% |
| Nigeria | 218 | 225 | 222 | 0.9% |
| Indonesia | 212 | 212 | 212 | 0.0% |
| Bangladesh | 203 | 214 | 208 | 1.2% |
| Average | 229 | 238 | 265 | 7.7% |
There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($347 per ton), while Bangladesh ($208 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Egypt, while the other global leaders experienced more modest paces of growth.
Wheat - Top Importers
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| billion USD | ||||
| Turkey | 2.3 | 2.3 | 2.6 | 6.3% |
| Egypt | 2.7 | 2.9 | 2.5 | -3.9% |
| Italy | 1.8 | 2 | 2.3 | 12.1% |
| Indonesia | 2.2 | 2.1 | 2.1 | -1.7% |
| Philippines | 1.8 | 1.6 | 2 | 2.8% |
In value terms, Turkey ($2.6B), Egypt ($2.5B) and Italy ($2.3B) were the countries with the highest levels of imports in 2021, with a combined 15% share of global imports. These countries were followed by Indonesia, the Philippines, Japan, China, Algeria, Brazil, Bangladesh, the Netherlands, Nigeria and Morocco, which together accounted for a further 32%.
In terms of the main importing countries, China saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Wheat - Top Exporters
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| billion USD | ||||
| United States | 6.3 | 6.3 | 7.3 | 7.8% |
| Russia | 6.4 | 7.9 | 7.3 | 6.6% |
| Australia | 2.5 | 2.7 | 7.1 | 69.2% |
| Canada | 5.5 | 6.4 | 6.6 | 10.0% |
| France | 4.4 | 4.5 | 4.5 | 1.9% |
In value terms, the largest wheat supplying countries worldwide were the United States ($7.3B), Russia ($7.3B) and Australia ($7.1B), with a combined 39% share of global exports. Canada, France, Ukraine, Argentina, Germany, Romania, India, Bulgaria, Kazakhstan and Poland lagged somewhat behind, together comprising a further 49%.
In terms of the main exporting countries, India (+463.8% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Wheat - Market Forecast
Driven by increasing demand for wheat worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.
Wheat - Top Companies
Taikang County Yangpengfei Family Farm, Suixi County Baishan Liangde Grains Plantation Family Farm, Si County Pengcheng Plantation Specialty Cooperative, Hanchuan Xinqiang Plantation Specialty Cooperative, Datong County Jinsui Plantation Specialty Cooperative, Suixi County Fuda Grains Plantation Family Farm, Dengzhou Yibingding Flowers Plantation Specialty Cooperative, Lingbi County Qingkun Plantation Specialty Cooperative, Pioneer Feedyard LLC, Aksu Minxin Ecology Agriculture Specialty Cooperative, Huangyuan Changlv Plantation Specialty Cooperative, Suixi County Chengtuo Cereal Plantation Family Farm, Haila'er Farming Reclamation (Group) Co., Ltd., AGRO-CHIRNOGI SA, Taihe County Guomiao Township Gaogudong Farmer Plantation Specialty Cooperative, Mengcheng County Fangchaofeng Plantation Specialty Cooperative, Xinxiang Fengquan District Aofeng Family Farm, BELJE d.d. Darda, Huangyuan Xiantai Plantation Specialty Cooperative, Qingfeng County Huangtudi Plantation Farmer Specialty Cooperative
Wheat - Product Coverage
- HS 1001 - Wheat and meslin
This report provides an in-depth analysis of the global wheat market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 15 - Wheat
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Company coverage:
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
6243
This report provides an in-depth analysis of the global wheat market.
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Explore the top import markets for wheat including Indonesia, Egypt, China, Algeria, Turkey, Italy, Philippines, Morocco, Japan, and Nigeria. Find out the key statistics and market insights using IndexBox platform.
638
In 2022, wheat price growth is forecast to slow down with sufficient global production and falling demand for feed grains in the U.S. and the EU. Global wheat output is set to remain at the 2021’s level of approx. 777M tons.
586
The average annual wheat price in the U.S. is forecast to drop by 2% y-o-y to $250 per ton in 2022, falling on reduced domestic consumption coupled with stable supply worldwide. The market balance will be buoyed by production gains in Argentina and the EU that will offset decreasing output in Brazil and Paraguay.
733
This year, harvests in the EU, the U.S., the UK, Argentina, Morocco and Ukraine are expected to increase, leading to a growth in wheat production. Even though global stockpiles of grains will remain high, there are boosted expectations for inflation due to forecasts of record demand and increased prices for other cereal grains. The rising global population and bioethanol production are key factors leading to this growth in demand for wheat. Another driving factor is the emerging trend in the EU to use more wheat in animal feed rather than barley.
2536
Global wheat production will reach 758.3 million tons in 2020, showing a slight decrease of 0.5 percent over the previous year's highs and still at a fairly high level.
14703
Global wheat consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
1584
In 2015, the countries with the highest levels of production were China (X thousand tons), India (X thousand tons), Russia (X thousand tons), together accounting for X% of total output.
1262
The U.S. dominates in the global wheat trade. In 2014, the U.S. exported X thousand tons of wheat totaling X million USD, X% under the previous year. Its primary trading partner was Japan, where it supplied X% of its total wheat exports in
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Explore the top import markets for cereal around the world, including China, Japan, Mexico, Spain, Egypt, South Korea, Italy, Turkey, Algeria, and Indonesia. Discover key statistics and market insights from the IndexBox platform.
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Grain is one of the most important commodities in the world, serving as a staple food for many nations and a crucial ingredient in various industries. This article explores the top import destinations for grain, including China, Japan, Mexico, Spain, Egypt, South Korea, Italy, Indonesia, Turkey, and Algeria. These countries heavily rely on grain imports to meet domestic needs, driven by factors such as limited arable land, unfavorable climatic conditions, and growing populations. Understanding these import markets is crucial for grain exporters to identify potential trade partners and establish mutually beneficial relationships.
