Canada: Durum Wheat Market 2024

Durum Wheat Market Size in Canada

The Canadian durum wheat market surged to $X in 2022, jumping by 21% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Durum Wheat Production in Canada

In value terms, durum wheat production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 31%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

The average yield of durum wheat in Canada surged to X tons per ha in 2022, increasing by 24% against 2021 figures. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the yield increased by 25%. As a result, the yield attained the peak level of X tons per ha. From 2014 to 2022, the growth of the average durum wheat yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of durum wheat production in Canada amounted to X ha, picking up by 4.2% compared with the year before. In general, the harvested area recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the harvested area increased by 10% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2014 to 2022, the growth of the durum wheat harvested area failed to regain momentum.

Durum Wheat Exports

Exports from Canada

In 2022, overseas shipments of durum wheat decreased by -11.7% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 32% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, durum wheat exports soared to $X in 2022. Over the period under review, total exports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.6% against 2018 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 29% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Italy (X tons) and Morocco (X tons) were the main destinations of durum wheat exports from Canada, together accounting for 64% of total exports. Algeria, Japan, Tunisia, Kuwait, Venezuela and Belgium lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +14.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Italy ($X) and Algeria ($X) appeared to be the largest markets for durum wheat exported from Canada worldwide, together accounting for 59% of total exports. The United States, Japan, Tunisia, Kuwait, Venezuela and Belgium lagged somewhat behind, together accounting for a further 30%.

Kuwait, with a CAGR of +9.1%, recorded 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 durum wheat export price amounted to $X per ton, picking up by 31% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, durum wheat export price increased by +75.7% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Japan ($X per ton), while the average price for exports to the United States ($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 Algeria (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Durum Wheat Imports

Imports into Canada

In 2022, overseas purchases of durum wheat decreased by -86.1% to X tons, falling for the third year in a row after three years of growth. In general, imports faced a dramatic setback. The growth pace was the most rapid in 2018 with an increase of 1,230% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, durum wheat imports reduced rapidly to $X in 2022. Overall, imports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 278%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of durum wheat to Canada, accounting for a 88% share of total imports. Moreover, durum wheat imports from the United States exceeded the figures recorded by the second-largest supplier, the UK (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -28.6%.

In value terms, the United States ($X) constituted the largest supplier of durum wheat to Canada, comprising 90% of total imports. The second position in the ranking was held by the UK ($X), with an 8.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled -28.8%.

Import Prices by Country

In 2022, the average durum wheat import price amounted to $X per ton, with an increase of 37% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 212% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the UK stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.3%).

Source: IndexBox Platform

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