Australia: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Australia

The Australian wheat and meslin flour market fell to $X in 2022, waning by -5.6% against the previous year. Over the period under review, consumption, however, showed a mild reduction. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Wheat and Meslin Flour in Australia

In value terms, wheat and meslin flour production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 21%. Wheat and meslin flour production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Wheat and Meslin Flour

Exports from Australia

In 2022, approx. X tons of wheat and meslin flour were exported from Australia; which is down by -20.5% against the previous year's figure. Overall, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 74%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wheat and meslin flour exports declined to $X in 2022. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 14%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X tons), Thailand (X tons) and New Zealand (X tons) were the main destinations of wheat and meslin flour exports from Australia, with a combined 67% share of total exports. Solomon Islands, China, Vanuatu, Micronesia and the Philippines lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Solomon Islands (with a CAGR of +181.1%), while the other leaders experienced more modest paces of growth.

In value terms, Papua New Guinea ($X), New Zealand ($X) and Thailand ($X) appeared to be the largest markets for wheat and meslin flour exported from Australia worldwide, with a combined 63% share of total exports. China, Solomon Islands, Vanuatu, Micronesia and the Philippines lagged somewhat behind, together comprising a further 18%.

Solomon Islands, with a CAGR of +152.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wheat and meslin flour export price amounted to $X per ton, rising by 15% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 62% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+13.5%), while the prices for the other major destinations experienced a decline.

Imports of Wheat and Meslin Flour

Imports into Australia

In 2022, approx. X tons of wheat and meslin flour were imported into Australia; increasing by 4.1% compared with the year before. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 29%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, wheat and meslin flour imports skyrocketed to $X in 2022. In general, imports saw a prominent expansion. The pace of growth was the most pronounced in 2013 when imports increased by 28%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), Italy (X tons) and Japan (X tons) were the main suppliers of wheat and meslin flour imports to Australia, with a combined 91% share of total imports. South Africa, the United Arab Emirates and Germany lagged somewhat behind, together comprising a further 5.4%.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of +148.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wheat and meslin flour suppliers to Australia were Italy ($X), India ($X) and Japan ($X), together accounting for 89% of total imports. The United Arab Emirates, South Africa and Germany lagged somewhat behind, together comprising a further 5.8%.

Among the main suppliers, South Africa, with a CAGR of +112.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wheat and meslin flour import price stood at $X per ton in 2022, jumping by 15% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat and meslin flour import price increased by +82.7% against 2015 indices. The growth pace was the most rapid in 2016 an increase of 18%. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :